February 2015, Vol 5, No 2
Visit our archives to see other articles that were published in 2015.
- 2.27.15 Time to sell those rented condos? One investor thinks so About three years after buying a batch of unsold condos in a distressed River North development, a Florida investor is putting most of them up for sale in a deal that could represent something of a test case for the downtown housing market. [Crain's Chicago Business]
- 2.21.15 Citadel's Griffin sells downtown condo Hedge fund billionaire Ken Griffin sold a three-bedroom downtown condominium for nearly $1.33 million, according to two real estate websites. [Crain's Chicago Business]
- 2.15.15 Chicago's condo pipeline: More and bigger Some 17 Chicago projects with more than 1,000 residential units are on a list of proposed developments in a fourth-quarter report by Chicago-based Appraisal Research Counselors [Crain's Chicago Business]
- 2.07.15 Elmhurst council OKs TIF funds for Wilder Crossing condo project A majority of Elmhurst aldermen agreed this week with a Finance Committee recommendation to put $746,000 of city tax increment financing money into the recently approved six-story Wilder Crossing condominium project. [Chicago Tribune]
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Chicago, the third largest city in the United States, is a multicultural hub that thrives on the diversity of its nearly 3 million residents and 77 distinct neighborhoods. Nestled on the southwestern shore of Lake Michigan, Chicago is traversed by both the Chicago and Calumet rivers, and attracts an estimated 40 million visitors annually. This heartland city, incorporated in 1837, has a rich history complemented by dozens of museums and cultural institutions, and numerous major sports teams, as well. What—if anything—could possibly be missing? Read More
Social media impacts just about everyone…few escape its presence in personal life or the business world. Whereas Facebook was once a leading platform for millennials, the portal has increasing appeal to the aging demographic, especially in lieu of Twitter and Instagram. Regardless of the chosen medium, social media has redefined 21st century communication. Read More
Dealing with service vendors is a daily necessity for any condo development or HOA community; there are always things that need to be repaired, replaced, replenished, serviced, cleaned or renovated. Among the laundry list of vendors that Chicago condos should expect to work with are landscapers, painters, roofers, pavers, snow removers, elevator repairmen, boiler cleaners and many, many more. That’s why it’s vital for boards and management companies to establish strong relationships with its vendors. Read More
The best association boards in the Windy City—those that accomplish the business of their communities effectively—often seem to have members with similar habits. By the same token, poor boards frequently make similar mistakes. But even good boards can improve, and bad ones can turn around. Brushing up on board do’s and don'ts can help make your board a dream team. Read More