Draper and Kramer Announces First “Aspiring Artist” at Aspire Residences in Chicago’s South Loop

Draper and Kramer, Incorporated, today announced it has selected local artist Canary Garcia for a year-long residency as the “Aspiring Artist” at Aspire Residences, the firm’s new 24-story, 275-unit apartment tower that will open in August at 2111 S. Wabash Ave. in Chicago’s South Loop. “Art has become more important than ever in multifamily developments, … Continued

Pre-Leasing Underway at Aspire Residences in Chicago’s South Loop

Draper and Kramer, Incorporated, today announced pre-leasing is underway for Aspire Residences, a 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Located less than a block from the CTA’s Cermak/McCormick Place Green Line station, the transit-oriented development is slated to welcome first move-ins this summer. “Residents of Aspire will enjoy … Continued

Renovations Complete at Lake Meadows Market

Draper and Kramer, Incorporated, a national real estate services firm, today announced it has completed the second phase of its ongoing renovation of the Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. The final element of Phase 2 was a full interior and exterior renovation of the center’s 193,000-square-foot Jewel-Osco grocery store. Jewel-Osco parent … Continued

Texas Multifamily Portfolio Expands with Acquisition of Crest at Las Colinas Station

Draper and Kramer, Incorporated, a national real estate services firm, today announced it has expanded its Texas multifamily portfolio with the acquisition of Crest at Las Colinas Station, a 374-unit luxury rental community in Irving, a northwest suburb of Dallas. The property was purchased by Draper and Kramer through a 1031 exchange following the firm’s … Continued

Draper and Kramer Announces New Board Member Nick Pavelich

Draper and Kramer, Incorporated, a privately held real estate services firm, is pleased to announce Nick Pavelich has rejoined its board of directors. Pavelich, who is managing director at Andersen for the Greater Seattle area, previously served on the Draper and Kramer board for nearly four years between 2012 and 2016. “Having worked closely with … Continued

Commercial Finance Group Closes $100+ Million in Loans for 3 Midwest CRE Portfolios

Draper and Kramer, Incorporated, today announced the company’s Commercial Finance Group (CFG) closed $100 million-plus in loans for three commercial real estate portfolios comprising more than 3.7 million square feet in assets throughout the Midwest. The loans included the refinance of an eight-building industrial portfolio in the greater Milwaukee area; an acquisition loan for a … Continued

Draper and Kramer Expands Chicago Portfolio with Acquisition of HUBBARD221

Draper and Kramer, Incorporated, a national real estate services firm, today announced it has expanded its multifamily portfolio with the acquisition of HUBBARD221, a 195-unit luxury apartment tower in Chicago’s River North neighborhood. The property was purchased by Draper and Kramer through a 1031 exchange following the firm’s sale of Prairies Shores, a 1,675-unit, multi-building … Continued

Draper and Kramer Tops Off and Reveals Name of Apartment Tower in Chicago’s South Loop

Draper and Kramer, Incorporated, yesterday celebrated the topping-off of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave. in Chicago’s South Loop. Called Aspire Residences, the transit-oriented development – located less than a block from the CTA’s Cermak/McCormick Place Green Line station – is the largest residential community built in the South Loop’s … Continued

Draper and Kramer Announces 2 Executive Promotions in Commercial Finance Group

Draper and Kramer, Incorporated, a national full-service real estate firm, today announced the promotion of Bill Stewart and Matthew Wurtzebach to senior vice presidents in the company’s Commercial Finance Group (CFG), the largest single-office commercial mortgage banking group in the country. “Our Commercial Finance Group has an incredible heritage dating back more than 125 years … Continued

Draper and Kramer Named to Chicago Tribune’s Top Workplaces List for Third Consecutive Year

Draper and Kramer, Incorporated, is proud to announce it has been named a 2019 Top Workplace by the Chicago Tribune, marking the third consecutive year the full-service real estate firm has participated in the program and received this recognition. The annual Top Workplaces list is based on results of an employee feedback survey, administered by … Continued