Nearly 1,500-Unit Chicago Multifamily Portfolio Set To Sell For $455M

December 16, 2025 / no comments

A joint venture between LaTerra Capital Management and Respark Residential is under contract with Denver-based Apartment Investment and Management Co., also known as Aimco, to acquire a seven-property Chicago multifamily portfolio in a massive deal worth $455M.
The 1,495-unit portfolio includes all of Aimco’s publicly listed assets in and around the city: two properties in Elmhurst, two in Lombard and one each in Evanston, Rolling Meadows and Chicago. The deal is poised to be one of the largest multifamily portfolio sales in Chicago in recent years and is expected to close in the first quarter.

Bushburg buys FiDi office at steep discount for possible resi conversion

December 15, 2025 / no comments

Joseph Hoffman’s Bushburg Properties has snapped up another deeply discounted FiDi office building. Bushburg bought the 1970s-era office building at 100 William Street for $70 million, The Real Deal has learned.  That’s less than half the $167 million price tag the seller, Canada’s Manulife insurance group, paid for the 21-story tower twelve years ago. At that time, the 400,000-square-foot building was home to the real estate operation of Manulife subsidiary John Hancock Financial and boasted a 95 percent occupancy rate. But today the building is about half empty, making it a strong candidate for a residential conversion. Bushburg is already […]

This article originally appeared on The Real Deal. Click here to read the full story.