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Chicago Real Estate Firm Goes West to Invest

A Chicago real estate investment trust has bought some L.A. housing. Equity Residential, led by real estate mogul Sam Zell, has purchased a 13-story apartment building in Los Angeles for $100 million. The deal marks one of the largest multifamily sales ever in the central business district of the downtown Los Angeles area. The building, [...]

Chicago’s Sam Zell Acquires Three N.Y. Towers

Chicago real estate based Equity Residential and its chairman, Sam Zell, has signed a deal to buy three New York luxury apartment towers for a combined $475 million.  Embattled real estate developer Harry Macklowe has sold two of the buildings — the Rivertower, a 38-story property, and 777 Sixth Ave., a 32-story tower — and [...]