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News

2/25/2021 Plan would hike demolition fees near The 606 and in Pilsen to try to stem gentrification—Chicago Tribune

Mayor Lori Lightfoot and aldermen are backing a plan to assess additional fees of several thousand dollars on building demolitions in the fast-gentrifying Pilsen neighborhood and the vicinity of The 606 elevated park on the Northwest Side, in another attempt to slow the loss of housing for working-class families.
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2/25/2021 Condo Adviser: Can a condo board require residents to get the COVID-19 vaccine?—Chicago Tribune

Q. Can a condominium board require condo owners and building residents to get vaccinated for COVID-19 to protect the health, safety and welfare of the other residents?
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2/23/2021 How the Real Estate Lobby Exploits Small Landlords—Teen Vogue

Mami Garcia will never move out of her apartment. “The only way God will take me away from this home is when I close my eyes for the last time,” she says.
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2/23/2021 West Loop Condos Priced From $835K to $1.6 Million Break Ground At Former Hubbard Street Dance Site—Block Club Chicago

The coronavirus pandemic hasn’t stopped developers from breaking ground on a new eight-story condo building at the southwest corner of Jackson Boulevard and Racine Avenue in the West Loop.
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2/23/2021 City Condo Sales Have Come Back, And 2021 May Be Even Better—Bisnow

The coronavirus pandemic may have crushed the home sales market last spring, but it is showing signs of life this winter, and that could mean 2021 will be a big year.
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2/23/2021 High-Income Millennials Are Moving Into The Luxury Housing Market—Forbes

If any first-time home buyers were on the fence about taking a more traditional starter home path to homeownership in 2020, the Covid-19 pandemic brought into focus the way they viewed homes and what they really wanted for a dream home.
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2/23/2021 Lakeview condo garage roof collapse at least 5th such occurrence in Chicago this week amid heavy snow—ABC 7 News

Several roofs have collapsed under the weight of the heavy snowfall over the past few days.
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2/23/2021 Four Things to Know About the Housing Market in 2021—Barron's

Last year was an exceptional one for the housing market, which boomed in the second half.
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2/17/2021 Residential, hotel towers eyed for South Loop—Chicago Sun-Times

Despite a pandemic that has chilled demand for speculative construction, a developer is pushing ahead with plans for a two-tower residential and hotel complex in the South Loop.
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2/17/2021 Hancock unit owners hear harrowing details of gunshot on 57th floor—Loop North News

A gunshot heard on the 57th floor of John Hancock Center on January 29 left two bullet holes inside a condo unit and a condo association scrambling to get information to frightened owners.
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2/17/2021 Coronavirus eviction nightmare at Rogers Park condo: Squatter scared neighbors, wouldn’t leave—Chicago Sun-Times

As claustrophobic as it can feel to be cooped up during the coronavirus pandemic, a Rogers Park couple faced something worse.
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2/17/2021 Essex hired to sell multifamily assets in Chicago area—RE Journals

Essex Realty Group, Inc. has been exclusively retained to market The Promenade Townhomes of River Forest, located in the Chicago suburb of River Forest, Illinois.
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2/11/2021 Lendlease Launches Condo Sales at Printer’s Row Tower—Connect CRE

Lendlease launched sales at The Reed, a 41-story luxury residential high-rise at 234 W. Polk St. in Chicago’s Printers Row.
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2/11/2021 ‘It’s Not My Job, It’s Their Job:’ Edison Park Residents Told No Postal Delivery Is Available, People Wanting Their Mail Have To Go To The Post Office—CBS 2 Chicago

Mail problems have been plaguing the city of Chicago and the suburbs since the beginning of the COVID pandemic.
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2/11/2021 ‘Something Didn’t Smell Quite Right’: Moldy Mess In Country Club Hills Condo Building That No One Wants To Clean Up—CBS 2 Chicago

It’s a moldy mess infesting a vacant south suburban condo, wreaking havoc on the neighbor upstairs.
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2/11/2021 Has The COVID Exodus Ended? Buyers Are Flooding Back To These 3 Major Cities—Forbes

When COVID-19 closures first began back in March, residents of major cities like New York, San Francisco, Chicago, and Boston started heading out of town—some temporarily, some permanently.
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2/9/2021 Chicago Real Estate Market Update: Powerful Start To 2021—ChicagoNow

It looks like the Chicago real estate market is off to a really strong start in 2021 with January setting a 14 year record high for closings.
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2/8/2021 West Loop Developers Pivot From Apartments To 19-Story Project With $1.3 Million Condos—Block Club Chicago

A long-discussed plan to redevelop a vacant lot near Mary Bartelme Park in the West Loop has returned with a shorter design that drops 370 apartments in favor of 80 luxury condos.
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2/3/2021 ‘We’re Not Considered A Nursing Home’: Seniors At Lincolnwood Condo Want COVID Vaccine, But Can’t Get It—CBS 2 Chicago

Illinois has hit a milestone for COVID-19 vaccines.
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2/3/2021 Daughter of casino magnate Neil Bluhm buys $20M condo—The Real Deal

Meredith Bluhm-Wolf, daughter of real estate and casino magnate Neil Bluhm, has purchased a $20 million condo at Zeckendorf Development’s 520 Park Avenue.
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