Time to sell those rented condos? One investor thinks so
About three years after buying a batch of unsold condos in a distressed River North development, a Florida investor is putting most of them up for sale in a deal that could represent something of a test case for the downtown housing market. Aventura, Fla.-based Gamla Cedron Group hired a broker to sell 24 of […]
Gamla Cedron Group Pays $3.4M for Chicago Office Building
Gamla Cedron Group, a Florida-based distressed and multifamily property investment firm, acquired a Chicago office building for $3.4 million, or about $143 per square foot. The three-story property delivered in 1904 and totals 23,800 square feet at 925 W. Chicago Ave. in Chicago’s Northwest submarket, according to CoStar information. Martha Winter of Lagestee-Mulder Commercial Construction […]
Real estate investor looking for trouble
Shaoul Mishal hopes he has found a real estate market in worse shape than Tampa, Fla. — Chicago. Mr. Mishal is president of Gamla-Cedron Group, a real estate investment firm backed by Israeli investors. The firm is based in Aventura, Fla., about 17 miles north of Miami, but has mostly focused on fractured condominium developments […]