Pre-Leasing Underway at 61 Banks Street in Chicago’s Gold Coast

Draper and Kramer, Incorporated, today announced that pre-leasing is underway for 61 Banks Street, an eight-story, 58-unit boutique rental building at Banks Street and Lake Shore Drive that fills the last undeveloped lakefront parcel in Chicago’s premier Gold Coast neighborhood. First move-ins are expected to take place this May. “Chicago’s Lake Michigan frontage between Oak … Continued

Draper and Kramer Announces 4 Executive-Level Promotions

Draper and Kramer, Incorporated, a Chicago-based real estate services firm, today announced the promotion of four senior executives. Edward Polich has been named executive vice president of real estate, while Blas Puzon has been promoted to chief investment officer. Additionally, Julie Stevlingson is stepping into an expanded role leading construction services and property operations in … Continued

Draper and Kramer Employees Receive IREM Recognition

Full-service real estate firm Draper and Kramer, Incorporated, today announced that two employees from its Residential Management Group have been recognized by the Institute of Real Estate Management (IREM). Colleen Needham, general manager of the Lake Meadows rental community in Chicago’s Bronzeville neighborhood, has been named IREM Chicago Chapter 23 secretary for 2019. In addition, … Continued

Draper and Kramer Acquires 180-Unit Luxury Rental Community in Schaumburg

Chicago-based Draper and Kramer, Incorporated, today announced it has expanded its Chicago-area portfolio with the acquisition of North 680, a recently built 180-unit luxury rental community in Schaumburg, Ill. The property was purchased by Draper and Kramer as part of a 1031 exchange following the firm’s sale of Fieldpointe of St. Louis, a 318-unit community … Continued

Draper and Kramer Names Todd Bancroft as President and CEO

Draper and Kramer, Incorporated, today announced its Board of Directors has appointed Chief Operating Officer and General Counsel Todd Bancroft as the firm’s next president and chief executive officer. Bancroft, who has been serving as interim president and CEO of the real estate services firm for the last three months, succeeds Forrest D. Bailey, who … Continued

Draper and Kramer Named to Chicago Tribune’s 2018 Top Workplaces List

Full-service real estate firm Draper and Kramer, Incorporated, is proud to announce it has been named a 2018 Top Workplace by the Chicago Tribune. The annual Top Workplaces list is based on results of an employee feedback survey, administered by an independent research firm, that measures multiple aspects of workplace culture. This is the second … Continued

Draper and Kramer Mortgage Corp. Expands California Presence with New Santa Barbara Branch

Draper and Kramer Mortgage Corp., one of the Top Mortgage Lenders in America, announced the opening of a new branch in Santa Barbara, Calif. The new location adds to the company’s national presence of more than 40 branches and is part of the lender’s ongoing expansion in Southern California, which currently includes offices in Calabasas … Continued

Top-Producing Mortgage Originator Raymond Bravo Joins Draper and Kramer Mortgage Corp.

Draper and Kramer Mortgage Corp., one of the Top 75 Mortgage Companies in America, announced that top-producing mortgage originator Raymond Bravo joined the company as senior vice president of residential lending. Bravo now heads a newly opened branch for the national lender in Palos Park, Ill. A mortgage originator for 38 years, Bravo has originated … Continued

Draper and Kramer and Intercontinental Acquire 298-Unit Apartment Community in Chicago’s Printers Row

Chicago-based Draper and Kramer, Incorporated, along with equity partner Intercontinental Real Estate Corporation, has expanded its Chicago-area portfolio with the acquisition of Burnham Pointe, a 28-story, 298-unit rental building in Chicago’s Printers Row neighborhood. The off-market transaction was brokered by the Chicago office of HFF. Terms of the acquisition were not disclosed. Located at 730 … Continued

Draper and Kramer Promotes David Newton to Regional Property Manager

Draper and Kramer, Incorporated, a national real estate services firm, is pleased to announce it has promoted David Newton to the position of regional property manager. In his new role, Newton will oversee two rental properties in Draper and Kramer’s Chicago-area management portfolio: 1130 S. Michigan, a luxury high rise in the South Loop neighborhood; … Continued