Kathryn Kovitz Arnold, chair of Taft’s Real Estate and Condominium groups, will serve as a moderator at the Third Annual Deconstructing Deconversion Virtual Summit. Hosted by RE Journals on Tuesday, Sept. 15 from 9 a.m.–11 a.m. CDT, the program will feature two sessions that will analyze the deconversion movement that has been turning Chicago's oversupplied condo market into in-demand apartments.
Arnold will moderate the first panel of industry professionals featuring “The Current State of the Deconversion Market.” Together, they will address these issues and more:
- Chicago City Council’s ordinance requiring 85% of condo owners to vote in favor of a sale.
- COVID-19's effect on the market, buildings, and deconversions.
- The current market for financing deconversions.
- Current closing timing and logistics.
- Roles of the buyer, brokers, boards, and association counsel in deconversions.
- Pending legislation.
Following Arnold’s moderated session, a second group of industry professionals will deliberate issues in deconversions, such as rental issues and enforcement, obligations of boards to unit owners, and enforcement measures given COVID-19.
For more summit information and to register, visit here.
Arnold has played a key role in shaping the landscape of many of Chicago’s most diverse neighborhoods and business communities, through her wide-ranging real estate practice. She handles all aspects of condominium law, from development to working with homeowner’s associations and deconversions. She assists clients in the areas of real estate development, leasing, mixed-use projects, restaurants, mixed-use high-rise development, vertical subdivisions and separations, and commercial financing (lender and borrower representation).
About RE Journals
An industry leader for decades, RE Journals is the leading source for commercial real estate news, covering the intricacies of the sector from key influencers to the newest developments in America’s heartland. It provides an array of analysis, breaking news, and insight for industry professionals with a variety of publications, including Midwest Real Estate News, Illinois Real Estate Journal, and Chicago Industrial Properties. From its Chicago-based headquarters, RE Journals hosts a variety of conferences and events throughout the year to celebrate, network, and gain insight into the Midwest’s commercial real estate scene.