- 11.12.14 Here’s 2014’s Highest Priced Condominium, On the Market For $13 Million The duplex penthouse at Lincoln Park 2550 has 12,506 of raw space.[Chicago Magazine]
- 10.22.14 Rating System Evaluates Community Associations New rating service from Association Evaluation scores community associations on their financial condition and adherence to recognized best practices for operation [Chicago Tribune]
- 10.15.14 Retired Admiral Sells Carlyle Condo Retired Navy Admiral sold three-bedroom condominium for nearly $2.58 million [Crain's Chicago Business]
- 10.8.14 Big Financial Hurdles Remain for Spire Developer Kelleher Creditors vote to approve bankruptcy plan for Chicago's most famous failed condominium project [Crain's Chicago Business]
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From the outside, the structure of a condo or co-op building may appear to be monolithic; just one big piece of brick and steel, punctuated with some glass here and there. That's an oversimplification, however. A multifamily building is perhaps more like a human body, with a multitude of organs and moving parts working together to keep the building healthy and vibrant. From the roof to the boiler and all points between, ensuring that systems are operating efficiently is a continual challenge. Read More
The rarely stated—but all too well understood—Murphy’s Law for Boilers—asserts that if your boiler quits working, it will do so on Christmas or New Year’s Eve, or at 4:45 p.m. on the coldest day of the year. With some planning, though, that broken-down boiler won’t be yours on those inopportune frigid days. An association’s management and staff can head off a worst-case scenario by scheduling regular maintenance and keeping an educated eye on the whole system. Read More
Of all the modern conveniences we take for granted, perhaps none is as profoundly basic—and indispensable—as indoor plumbing. Carrying fresh water into our homes and taking waste water away, the pipes in our buildings are the fine line that separates us from our not-too-distant (also very aromatic, and very unsanitary) urban past. When plumbing fails, it doesn't take long to realize just how much we depend on it. Read More