Category: Press Releases

30-Year Industry Veteran Jeffrey Ross Joins Draper and Kramer as Senior Vice President for FHA/HUD Lending

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Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Jeffrey Ross as senior vice president and chief underwriter for Federal Housing Administration/Housing and Urban Development financing in Draper and Kramer’s Commercial Finance Group. A 30-year veteran of the commercial real estate industry, Ross will be responsible for … Continued

Draper and Kramer Receives 2020 Private Company Board of the Year Award

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Draper and Kramer, Incorporated, today announced its board of directors has been recognized with a 2020 Private Company Board of the Year Award, honoring excellence in corporate governance. Conferred by Private Company Director, Directors and Boards and Family Business magazines, the award spotlights private company boards that go above and beyond legal governance requirements and … Continued

Work Starts on Transit-Oriented Development Near Wrigley Field in Chicago’s East Lakeview Neighborhood

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Draper and Kramer, Incorporated, today announced it has started construction on a seven-story, 120-unit mixed-use development at 949 W. Dakin St. in Chicago‘s East Lakeview neighborhood. Located across the street from the Sheridan Red Line station and two and a half blocks north of Wrigley Field, the transit-oriented development replaces a single-story structure whose tenants … Continued

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

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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

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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

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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

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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

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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

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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

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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