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Article: Heartland Partners Announces Plans for Marketing Kinzie Station Phase II In Chicago, Ill. as an Apartment Building.
- Article from:
- PR Newswire
- Article date:
- November 12, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Engages Kiser Group of Marcus & Millichap as Investment Advisor
CHICAGO, Nov. 12 /PRNewswire/ --
Edwin Jacobson, President and CEO of Heartland Partners (Amex: HTL), announced today that the master limited partnership has decided to market the Phase II building of its successful Kinzie Station development as an apartment building, rather than "for sale" condominiums.
"It appears to us there are a significant number of 'for sale' high-rise condominium units coming on stream in the downtown Chicago market in the near future," said Jacobson. "We are also concerned about a weakening of demand for for-sale housing given current economic and ...