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News

12/3/2019 Andersonville Neighbors Fighting To Stop Teardowns Of Century-Old Two-Flats, Single-Family Homes—Block Club Chicago

A group of Andersonville neighbors is tired of seeing 100-year-old two-flats and single-family homes torn down and replaced with nondescript condo buildings — so they’re looking to ban developers from putting up more of them.
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12/3/2019 Those new FHA condo regs have wide-reaching implications—RE Journals

This past October, the Federal Housing Administration (FHA) enacted long-expected changes to the regulations governing condominium purchases. While these amendments will hopefully ease more prospective homebuyers’ affordability woes, the wider commercial real estate industry will feel the effects as well.
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12/3/2019 Big Gold Coast condos-to-apartments deal closes—finally—Crain's Chicago Business

It took nearly a year and a half, lots of lawyering and a "Hail Mary pass," but a New York investor has finally pulled off its takeover of a big lakefront condominium tower in the Gold Coast.
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12/2/2019 Water Tower's condo board slashed fees. Will it speed up sales?—Crain's Chicago Business

The condo board at Water Tower Place voted this week to cut homeowners’ monthly fees by about a third, a move real estate agents who work the building say might give units there a new edge in the market.
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12/2/2019 Greystone Arranges Condo Deconversion in Chicago—Multi-Housing News

Greystone closed the sale of 32 units as part of a multifamily condominium deconversion in Chicago’s Rogers Park neighborhood. The $4.3 million transaction included 23 units owned by a single investor and nine individually owned units at Damen & Fargo Apartments. The new owner plans to add minor upgrades as the last rehabilitation of the building was completed in 2006.
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12/2/2019 This 1920s Lincoln Park bank building will become condos—Crain's Chicago Business

A long-empty Classical Revival building on Fullerton Avenue, built in the 1920s as a bank and later the home of a company that made clothes for burying the dead, is being turned into eight condos.
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11/20/2019 A greystone in Ukrainian Village with an emerald dining room asks $275K—Curbed Chicago

On the edge of Ukrainian Village near Humboldt Park, a rehabbed condo in an older greystone has just come on the market.
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11/20/2019 Blackhawks goalie Corey Crawford drops $4.1M on new West Loop penthouse—Curbed Chicago

Chicago Blackhawks goalie—and two-time Stanley Cup champion—Corey Crawford is adding four-bedroom West Loop penthouse condo to his trophy collection. The professional athlete plopped down just shy of $4.1 million for an eighth-floor unit in the Hayden West Loop building, according to a report by Chicago Tribune.
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11/20/2019 French-inspired elegance in the West Loop—Crain's Chicago Business

When a pair of Midwesterners decided to move from Malibu back to Chicago, where she’s a native, they wanted a home that would be “urban, like Chicago, and elegant.”
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11/19/2019 Buffalo Grove Couple Shot In Their Condo Garage—CBS 2 Chicago

CBS 2's Chris Tye reports on what authorities know about a couple shot in the Buffalo Grove condo garage. Police say there is good surveillance video but won't say much more about the case.
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11/19/2019 Mitsubishi targets Chicago and Dallas for first US-focused REIT—Nikkei Asian Review

Trading house Mitsubishi Corp. plans to start a real estate investment trust in the U.S. targeting urban rental housing and suburban logistics centers, aiming for $1.5 billion in assets within five years, Nikkei has learned.
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11/18/2019 Plans To Turn North Center Strip Mall Into Condos, Retail Revealed To Neighbors Monday—Block Club Chicago

Developer James Jaeger’s proposed plan would replace the existing building with a four-story condo and retail building that includes 12 units and 3,000-square-feet of retail space on the ground floor.
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11/12/2019 ‘I don't think we've ever seen anyplace turn into a luxury market so fast'—Crain's Chicago Business

The West Loop has been the city's fastest-changing neighborhood for several years, with the advent of corporate offices like McDonald's, Google and Dyson, and a fertile dining scene that this year includes 10 restaurants that received Michelin stars, more than any other part of the city.
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11/7/2019 Here's the first look inside those high-end condos going up across from Holy Name—Crain's Chicago Business

Waking up with the sunrise will be easy for residents in a luxurious condo tower under construction near Holy Name Cathedral. They can do it on their own schedule, because the bedroom lights will be programmed to fade up like a sunrise, and fade down like a sunset.
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11/7/2019 Trump Tower Chicago Hotel Is Losing Money Hand Over Fist—Vanity Fair

In many ways, becoming president has been good for Donald Trump’s business. For one thing, when he spends countless weekends at Mar-a-Lago, his Palm Beach resort charges taxpayers top dollar for rooms for the Secret Service and other members of his entourage, in addition to their bar tabs—money that goes directly into the president’s pocket.
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11/6/2019 Reaching for the sky with condo tower despite slowing growth—CGTN America

In just under a year, Americans will head to the polls for the 2020 U.S. Presidential election. A large field of Democratic candidates is vying to challenge Republican Donald Trump for the job.
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11/6/2019 What an $8 Million Gold Coast Penthouse Looks Like—Chicago Magazine

You might be surprised that a 90-year-old condo at 1325 North Astor Street is being listed for just shy of $8 million — but don’t be, says Realtor.com senior economist George Ratiu. The home is located in the storied Astor Street District, designated a Chicago landmark.
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11/5/2019 Hottest Chicago Condo / Townhome New Construction Neighborhoods 2019—Chicago Now

I'm finally getting around to this follow up post on Chicago new construction. A couple of weeks ago I looked at single family homes and now I'm taking a look at condos and townhomes.
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11/5/2019 Chicago’s condos are turning into rentals. Here’s what’s driving the deconversion trend, and what it means for condo owners.—Chicago Tribune

Chicago apartment buildings can have many lives. “It used to be you bought an apartment building and converted it into condominiums,” said Susan Tjarksen, a managing director in the Chicago office of Cushman & Wakefield, “and now we’re seeing the reverse of that.”
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11/5/2019 Chicago condo once owned by Sammy Sosa listed for $2.1 million—Chicago Tribune

A five-bedroom, 6,000-square-foot condominium unit on the 55th floor of the Near North Side’s Lake Point Tower building that retired Chicago Cubs slugger Sammy Sosa once owned was listed Sunday for $2.1 million.
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