Chicago, IL – On behalf of an institutional owner that had foreclosed on a partially constructed condominium development with environmental contamination, Madison coordinated the remediation of the environmental condition; resolved pending building code and zoning issues; and completed the construction and lease up of the units, resulting in a successful disposition of the entire project to a multi-family investment fund.
Golden Valley, MN – Madison successfully rezoned an environmentally challenged industrial site and obtained entitlements for a 372-unit multi-family development, resulting in the sale of the site on behalf of its institutional owner upon completion of the entitlements.
Orland Park, IL – Madison represented a lender group that foreclosed on a 48-unit partially built condominium complex. Madison assembled sales, marketing and construction teams; constructed a new model home complex; and restarted sales, resulting in a successful sellout of the project.
Suburban Chicago, IL (Multiple Sites) – Madison represented a lender group that foreclosed on several suburban homebuilders and obtained title to multiple subdivisions and building sites (12 separate locations in 4 counties). Madison coordinated completion and sale of all partially constructed homes, negotiated with municipalities for the completion of subdivision infrastructure, and disposed of the properties.
Pleasant Prairie, WI – Madison represented an institutional owner that acquired a failed residential development consisting of condominiums, attached townhomes, single-family lots and unimproved land. Madison coordinated completion of all unfinished buildings and successful disposition of the dwellings.