Koenig & Strey Closes 2 More Offices

Crain's Chicago Business reported yesterday that Koenig & Strey GMAC, one Chicago’s largest residential brokerages, has shuttered offices in the River North and Lincoln Park neighborhoods.

Both offices, at 750 N. Orleans and 1800 N. Clybourn, housed a combined total of roughly 230 employees, says Doug Ayers, president of the brokerage. Koenig has now closed three city offices this year, having earlier shut its branch in the Roscoe Village neighborhood.

Most employees from the River North and Lincoln Park offices, which closed last month, transferred to the company’s eight remaining branches in the city.

Baird & Warner and Sudler Sotheby’s International have also closed offices as home sales have plummeted three straight years and agent ranks are shrinking.