A longtime Connecticut private equity executive, Eugene Gorab has guided results-focused transactions in the real estate sector. Eugene Gorab presently leads a Westport, Connecticut-based firm with more than 50 employees and regional offices in New York, Chicago, and Arlington, Virginia. According to Crain’s Chicago Business, the Windy City has experienced impressive growth in a number of South Side neighborhoods through mid-2018. With distressed property rehabilitation proceeding apace, Grand Boulevard in Bronzeville is experiencing particularly robust growth, as a number of new condo projects come online. The median price of attached homes rose nearly 30 percent in the year’s first quarter to just shy of a still affordable $200,000. At the same time, the Calumet Heights neighborhood at Jeffery Boulevard and 90th Street is witnessing extensive rehabilitation activities, with rehabs making up a full 25 percent of recent sales. On the far North Side, neighborhoods such as West Ridge are also heating up as buyers seek quality properties in the $500,000 range. One result of this upsurge is that some buyers are being priced out of what was until recently a relatively affordable market.
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AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
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