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News

1/17/2020 Moving for the school is still a thing — even if it means keeping two residences. Amenities may be king, but schools still rate in real estate—New Hampshire Union Leader

When Melody Roberts moved from Hyde Park, on the South Side of Chicago, to the north shore suburb of Wilmette with her son Jason Pereira, 16, she said there were a number of theories floating around the neighborhood: One was she was secretly getting divorced from her husband of 27 years. Another theory was she just wasn’t fond of the Hyde Park neighborhood anymore; another was her son didn’t fit in at Kenwood Academy High School.
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1/17/2020 How bitter cold winter blasts and a warming planet will chew up the Lake Michigan shoreline, faster and faster—Chicago Tribune

On a tucked-away South Shore beach, there once were cool shallows to swim and buried shells to dig up. For those living feet away, there was the sound of the water, the constant, gentle splash on sand.
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1/16/2020 West Town Workers Cottages Would Be Torn Down, Replaced With Condo Building Under New Plan—Block Club Chicago

Two 1920’s workers cottages will be demolished to make way for a larger condo building — if a West Town property owner can win over neighbors.
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1/14/2020 In Chicago, climate change makes it harder to effectively protect the lakefront—Curbed Chicago

In the fall, Chicago officials were concerned about reaching record-high levels of Lake Michigan. The rising lake had swallowed up two Chicago beaches which prompted the installation of a handful of concrete barriers to protect Lake Shore Drive and lakefront parks from flooding and crashing waves.
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1/13/2020 Cascade condominiums offer luxury living in downtown South Bend—South Bend Tribune

It’s an unseasonably warm day in northern Indiana. Greg and Mary Downes step out on their balcony on the sixth floor of the Three Twenty at the Cascade, a seven-story tower overlooking the St. Joseph River in downtown South Bend.
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1/10/2020 After Protests, Francis Parker School Explains Plans To Buy Condo Building For Expansion—CBS Chicago

Francis W. Parker School in the Lincoln Park neighborhood explained its plans Wednesday to buy a neighboring condo building.
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1/10/2020 Gold Coast condo deconversion blocked by furious condo owners—The Real Deal Chicago

The on again, off again, Gold Coast tower deconverion is off again – thanks to a lawsuit from the condo owners themselves.
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1/10/2020 1 Year Later, Chicago Condo Residents Still Pleading For Tarp’s Removal—NBC News

One year after a large construction tarp was first placed outside a West Loop condo building, residents are still demanding its removal.
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1/9/2020 Andersonville Neighbors’ Push To Ban New Condo Development Denied By Alderman—Block Club Chicago

Ald. Matt Martin has denied a neighborhood group’s request to rezone part of Andersonville, saying the move to bar multi-family development would not necessarily aid historic preservation and could hurt the area’s affordability.
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12/23/2019 Brendan Reilly on aldermanic privilege, condo deconversions and development in the 42nd Ward—The Real Deal Chicago

Alderman Brendan Reilly oversees one of Chicago’s most active wards. The 42nd is the epicenter of tourism, with attractions like the Magnificent Mile, Navy Pier and Millennium Park, and most of the city’s hotels. As the heart of the central business district, it’s seen a lot of change in the past decade amid the Downtown building boom.
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12/18/2019 City Attorney Admits Mistake, Says He’ll Pay Back Property Tax Exemption—NBC 5 Chicago

Chicago’s City Attorney admits he made a mistake and says he will pay back money to the state of Illinois after collecting property tax exemptions on two properties, while state law only allows homeowners to collect one such exemption. Attorney Mark Flessner says that his primary residence is a South Loop condo, but an NBC 5 Investigates report reveals that he has received two property tax breaks, including one for a residence in Naperville.
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12/16/2019 A closer look at the high-tech condos headed to River North’s One Chicago development—Curbed Chicago

As the foundation of the block-sized One Chicago development takes shape across from downtown’s Holy Name Cathedral, the team behind the massive two-tower complex has offered an early glimpse at the interiors. The images show 77 high-tech condo units that will occupy the top floors within the two-tower project’s taller 969-foot building.
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12/16/2019 Top rental broker Aaron Galvin predicts rental shortage by 2022—The Real Deal Chicago

Luxury Living Chicago Realty CEO Aaron Galvin has been one of the top-producing rental brokers in Downtown for the past five years.
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12/16/2019 Man Dead After Shooting In Parking Lot Outside Crestwood Building

Shots rang out Thursday afternoon outside a condo building in southwest suburban Crestwood, leaving a man dead. Police were called shortly after 3 p.m. for a shooting in the 5700 block of 128th Street.
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12/16/2019 Condo, Townhouse or Co-Op: Which Is Right for You?—Yahoo! Finance

Ownership of land or structures goes back millennia, but the widespread concept of individual homeownership as we know it today is relatively new. The form in which property can be owned varies depending on the location, corporate versus individual ownership, investment properties versus private residences and so on.
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12/13/2019 Chicago Area Home Price Growth Ranks 95th Out Of 100 Top Metro Areas—Chicago Now

Just last week I provided my monthly update on Chicago area home prices based on the Case Shiller index. As I pointed out Chicago hit a 7 year low in annual home price appreciation, slipping to second from the bottom of the 20 metro areas tracked in terms of this measure.
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12/13/2019 Developer drops big NW Indiana project with incentives nixed—Daily News

A hotel developer has dropped plans for a $356 million project near one of northwestern Indiana's busiest highway interchanges after local officials balked at the company's incentives request.
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12/13/2019 Vintage Storefronts On Diversey Demolished As Developer Tries To Convince Logan Preservation Group To Approve Condos—Block Club Chicago

A local architecture firm trying to build a new condo building along Logan Square’s Diversey Avenue is pushing forward, despite opposition from an influential community group and the alderman.
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12/13/2019 Inside Job? Thieves Use Postal Service Master Key To Swipe Packages—CBS Chicago

They enter empty-handed but walk out carry bags of stolen packages from a mailroom. The theft alone is alarming, but CBS 2’s Jermont Terry reports, there’s a concern about how the thieves gain access to the West Loop condos.
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12/13/2019 Near West Side condo with custom art by Chicago artist JC Rivera: $845K—Chicago Tribune

This 2,000-square-foot home on the Near West Side has two bedrooms and two bathrooms. Chicago artist JC Rivera was commissioned for custom art in the home. The interior has exposed brick and concrete, 12-foot ceilings, stainless-steel appliances, floor-to-ceiling windows, updated bathrooms, walk-in closets and an 18-foot balcony.
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2019-2020 Roundup and Projection