Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Elan Yorktown Sold as Mall Struggles | Real Estate News
Greystar’s $99 million sale of Elan Yorktown apartments signals a bold bet on Chicago’s suburban multifamily market, even as the adjacent Yorktown Center Mall sinks deeper into financial trouble after defaulting on a $107 million loan. Despite a 75% drop in value since 2014 and pandemic-driven store closures, residential demand remains strong—with nearby apartment communities thriving. RPM Living, the new owner, is doubling down on this trend, adding to its portfolio amid growing confidence in the region’s housing sector. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.