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 Hires Jacob Vial as SVP for FHA/HUD Lending

Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce Jacob Vial has been hired as senior vice president in the company’s Commercial Finance Group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief … Continued

Draper and Kramer Welcomes City of Chicago’s First Culver’s at Lake Meadows Market

Full-service real estate firm Draper and Kramer, Incorporated, is proud to announce its Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood is home to the City of Chicago’s first Culver’s. The restaurant’s grand opening was celebrated during a Jan. 23 ribbon-cutting with franchise owner Baron Waller, Culver’s Co-Founder Craig Culver, Culver’s President and CEO … Continued

Draper and Kramer Commercial Finance Division Closes $250M in FHA/HUD Loans During First Half of 2017

Chicago-based Draper and Kramer, Incorporated, one of the leading privately held, full-service real estate firms in the United States, announced its commercial finance division closed 17 Federal Housing Administration/Department of Housing and Urban Development loans totaling more than $250 million during the first half of 2017.     Draper and Kramer’s experience as an FHA-approved lender dates back to 1937, when it was awarded one of the first FHA … Continued

Draper and Kramer Announces $30.2M Sale of 454,619-Square-Foot Office Building in Des Moines, Iowa

Chicago-based Draper and Kramer, Incorporated, one of the leading privately held, full-service real estate firms in the United States, announces it has completed the sale of Capital Square, a 454,619-square-foot multi-tenant office building in downtown Des Moines, Iowa.   Draper and Kramer sold the property, located at 400 Locust Street, to Colorado-based Real Capital Solutions for $30.2 million, reportedly the highest price ever paid for an office building in Des Moines’ … Continued

Draper and Kramer Acquires 3-Acre Commercial Development Parcel in Park Ridge, Ill.

Draper and Kramer, Incorporated, a full-service national real estate firm, announces it has closed on the purchase of a 3-acre commercial development parcel located in Park Ridge, Ill., at the corner of Greenwood Avenue and Busse Highway. The firm was self-represented in the transaction, while the seller, the American Society of Anesthesiologists, was represented by Paul Buckingham … Continued

Draper and Kramer Brokers Sale of Chicago Banquet Hall and Parking Lot

Draper and Kramer, Incorporated, a full-service national real estate firm, announces it brokered the $572,600 sale of a 0.61-acre property in Chicago’s Belmont Central neighborhood, which includes a banquet hall facility, storage building and a parking lot. A private investor acquired the site with Draper and Kramer Vice President Kurt Warnke representing the seller, Chicago-based Foreman Real Property LLC. The former banquet hall is … Continued

Draper and Kramer Offers Capital Square Class A Office Building in Des Moines for Sale

Chicago-based Draper and Kramer, Incorporated, one of the largest privately-held, full-service real estate firms in the United States, is currently soliciting offers for Capital Square, a Class A multi-tenant office building in downtown Des Moines, Iowa.   Developed by Draper and Kramer in 1983, the Skidmore, Owings & Merrill-designed building is being marketed by CBRE’s Minneapolis Capital Markets group.   … Continued

Draper and Kramer Leases Nearly 6,750 Square Feet of Retail Space in Two Chicago-Area Fitness Transactions

Draper and Kramer, a full-service national real estate firm, announces it has brokered a pair of fitness leases totaling 6,750 square feet in Chicago’s Bronzeville neighborhood and Lombard, Ill. Kurt Warnke, real estate manager for Chicago-based Draper and Kramer, represented the landlords in both transactions.  In the first deal, Athletico Physical Therapy leased 3,547 square feet at the Draper and Kramer-owned Lake Meadows Shopping Center, located at 3357 S. Martin Luther King Drive in Chicago’s Bronzeville neighborhood. The 193,032-square-foot center also houses a recently opened LA … Continued