Kiser Group, a leading real estate brokerage firm, is delighted to announce the newest member of its team, Yun Park. With over 30 years of extensive experience in real estate investment and a decade as a real estate broker, Yun brings a wealth of knowledge and expertise to Kiser Group. Yun’s background uniquely blends her creative experience with her deep understanding of the real estate market. Beginning her career as a designer in the creative industry, she seamlessly transitioned into residential and commercial real estate. Her journey also includes successful entrepreneurial ventures, show ..read more

Kiser Group proudly announces another stellar performance by the Birk Sklar Team, as they close an impressive ten deals in the month of February alone. Led by partners Noah Birk and Aaron Sklar, the team’s exceptional dedication and expertise have once again secured remarkable success in the competitive real estate market. With a strategic approach and unwavering commitment to client satisfaction, the Birk Sklar Team has solidified its position as a powerhouse in the industry. Each closing represents not only a transaction but also a testament to the team’s unparalleled professionalism and pro ..read more

Kiser Group announces the promotion of Noah Clark to the position of Advisor. With this promotion, Noah will work alongside Jack Petrando to bring his exceptional skills and passion for real estate to his clients in Chicago’s West Side. As an Associate at Kiser Group, Noah has demonstrated his expertise in facilitating transactions for clients in the multifamily sector. His responsibilities encompass guiding clients through the intricacies of buying and selling multifamily buildings, conducting thorough property valuations, coordinating showings, and proficiently underwriting deals. Noah’s app ..read more

If you’ve followed real estate news lately, you’ve probably been left with the impression that the sky is falling. WeWork, with its notorious founder and publicity surrounding its saga, has filed for bankruptcy. Interest rates are the highest they’ve been in decades. Since stay-at-home orders from the Covid pandemic, a precipitous change has occurred in where we work, leading to higher office building vacancy rates. CBRE, the world’s largest commercial real estate services firm, has seen a stock price drop of almost 50% from its all-time high in 2022, with ma ..read more

As we close out the first month of 2024, we’re taking a quick moment to look back at how the dust settled in 2023. According to CoStar, the 2023 sales volume for mid-market Chicagoland multifamily deals (defined as transactions under $25 million) cemented its standing as the lowest tally for sale volume in eight years – lower even than the pandemic-riddled 2020. However, amidst this challenging landscape, Kiser Group has stayed constant as a formidable force, boasting the highest sale volume of any firm, selling over $186 million in 2023. The statistics speak for themselves, with the multifami ..read more

Kiser Group, a leading real estate brokerage specializing in multifamily properties, is pleased to announce the promotion of Danny Logarakis to Senior Director. Danny has established himself as a multifamily market leader in Chicago’s Far North Side, playing a pivotal role in helping clients achieve their real estate goals. His creative and tenacious approach to closing deals sets him apart in the industry. Recognized for his outstanding contributions to the industry, Danny Logarakis has received numerous high-profile awards, including being named a finalist for “Broker of the Year” in 2023. H ..read more

Cincinnati: A City on the Rise Cincinnati is not only home to the perennial Super Bowl contenders, the Bengals, but it’s also making waves in the real estate market. With a remarkable 4.4% rent growth, according to CoStar. Cincinnati stands proudly as the second-highest in the nation, trailing only behind Omaha, Nebraska. The city boasts a vacancy rate of 5.8%, below the national average of 7%, indicating a healthy demand for housing. Particularly, Northwestern Cincinnati has experienced a substantial growth rate of 5.7%, with positive employment trends contributing to a 3.3% increase year-ove ..read more

Kiser Group announces the unparalleled success of Aaron Sklar and Noah Birk, who have defied market odds by achieving an extraordinary milestone of 62 apartment buildings sold in 2023, amounting to over $100 million in transaction value. Their remarkable feat stands as a testament to their unwavering dedication and expertise in navigating a challenging real estate landscape. . With a focus on Chicago’s south and west sides, they’ve demonstrated an acute understanding of the evolving market dynamics. Their 2023 success story unfolds against the backdrop of rising interest rates, which have stee ..read more

Kiser Group, a leading commercial real estate brokerage firm, proudly announces the successful disposition of a 39-unit property in the heart of Edgewater. Danny Logarakis, Katie LeGrand and Jacob Price, orchestrated the $7.6 million transaction. Advisors Price and LeGrand represented the Seller, while Director Logarakis represented the purchaser. The seller, Sam F Grossman, managing partner of Fairchild Acquisition, completed a full renovation of the property in June of 2020. The work included new building electrical, plumbing, mechanicals, a new laundry facility, as well as hallway and lobby ..read more

The multifamily real estate scene in Michigan is a vibrant tapestry of opportunities and challenges. While rising interest rates pose a notable hurdle, the market resonates with resilience, offering ample room for growth and investment. In this article, I delve into the intricacies of Michigan’s multifamily real estate landscape, spotlighting both its hurdles and promising prospects. My aim is to provide a pragmatic, data-backed, and optimistic view of this dynamic market.   Rent Trends   In Q3 of 2023, the average rent in the Detroit area hovers at an affordable $1,230 per mont ..read more