Thursday, February 15, 2007

JSOnline: Lake Bluff apartments sold - Development purchased by Chicago firm

Sold! Lake Bluff at East Pointe! The Mandel Group decided to sell their 110-unit Lake Bluff apartments when low interest rates made rental properties less attractive and property sales more attractive. Lake Bluff was sold to Chicago investors for $27.5 million. It will be interesting to see if the Lake Bluff apartments will be converted into condominium ownership. Tom Daykin, writer for The Milwaukee Journal Sentinel, writes more about this transaction>>>

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