2024 Fall Chicagoland Expo Seminar: So, You Have a Leak….Now What? Sponsored by: Klein & Hoffman

By Cooperator Staff 4 November 2024 Seminar

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News

12/6/2024 Price cuts exceed $2M on Gold Coast mansion after years on market - Real Deal

The development could add three luxury high-rises, with 250 condos priced between $1-$7 million.
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12/2/2024 Optima receives approval for Wilmette condo development - Urbanize Chicago

Optima Inc has received final village board approval for Optima Lumina, a 128-unit luxury residential building in downtown Wilmette on Chicago’s North Shore. The six-story building features one- to three-bedroom residences of up to nearly 3,000 square feet, almost 5,900 square feet of retail space, a large public plaza, robust amenity package and a number of sustainable features, including Optima’s proprietary Vertical Landscaping System.
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11/27/2024 Gov. JB Pritzker was the mystery buyer who paid Ken Griffin $19M for the top 2 floors of a Near North Side building - Chicago Tribune

The combined purchase at the 9 W. Walton St. building represents the highest price anyone has paid this year for a Chicago-area residence.
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11/25/2024 GD Holdings pays Magellan $117M for unsold St. Regis condos - Real Deal

GD Holdings has doubled down on Chicago's 101-story St. Regis tower.
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11/20/2024 Ken Griffin Sells Record-Breaking Chicago Penthouse at 44% Loss - Wall Street Journal

The billionaire hedge-fund manager sold two No. 9 Walton condos for $19 million, following a move to South Florida.
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11/15/2024 Billionaire Ken Griffin Rides Momentum After Chicago Penthouse Sale, Listing Another Condo for $8.5 Million - Mansion Global

Billionaire Ken Griffin sold off the bulk of his massive Chicago penthouse spread this week and is wasting no time in unloading the rest. The hedge-fund manager put a third unit at condo tower No. 9 Walton up for sale Wednesday asking $8.5 million.
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11/13/2024 How Lincoln Park condo developers compete for teardowns - Real Deal

Permissive zoning in Lincoln Park and a homeowner exodus from downtown Chicago is driving small multifamily developments.
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11/11/2024 Gold Coast condo trades for less than 1989 value - Real Deal

A Gold Coast condo recently changed hands for a fraction of what it commanded over three decades ago, highlighting depreciation in the downtown residential market.
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11/7/2024 Michigan Avenue condo sells for below its 1989 price - Crain's

A condominium at the Four Seasons Hotel Chicago on North Michigan Avenue sold Nov. 1 for less than it went for 35 years ago, a new extreme example of the loss of value in downtown condos.
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11/4/2024 “Like catching a falling knife” – brokering at the top of Chicago’s condo market - Real Deal

Carrie McCormick of @properties Christie's International Real Estate has perfected a talent for the moment: pricing condos in a downturn.
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10/31/2024 Wilmette approves million-dollar condos at old car dealership site - Crain's

A developer’s plan to replace a shuttered Jaguar dealership with 128 luxury-priced condos got final approval from the Wilmette village board yesterday.
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10/29/2024 Latest sale at Tribune Tower shows rocky road to condos for Michigan Avenue landmark - Crain's

The buyers who paid $4.37 million for a condominium at the former home of the Chicago Tribune yesterday saved more than $2.5 million by not picking it up two years ago, when the Gothic skyscraper’s redevelopers first put the unit on the market.
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10/22/2024 Condo Adviser: Emotional support animals must be accommodated if proper supporting documentation is provided - Chicago Tribune

Under applicable law, it is legally incorrect to treat an emotional support animal the same as a pet and apply pet restrictions.
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10/18/2024 Ken Griffin finds buyer for $11M penthouse amid Chicago divestment - Real Deal

Billionaire Ken Griffin has secured a buyer for a Gold Coast condo that he listed for $11 million earlier this summer. The deal marks another step in the hedge fund manager’s gradual withdrawal from Chicago’s real estate market after relocating his residence and his hedge fund, Citadel, to Miami, the Chicago Tribune reported.
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10/14/2024 St. Regis condo listing price cut to $8M, would be loss for sellers - Real Deal

The sellers of a St. Regis penthouse are headed for a loss after relisting their 75th floor condo at $500,000 less than its last sale price.
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10/11/2024 Chicago luxury condo developer kicks off $90M project; sells out first development - Phoenix Business Journal

A luxury condo developer plans to begin construction next year on its second Phoenix project, with unique floor plans the Chicago firm is unveiling for the first time.
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10/8/2024 A day (or night) in the life of an overnight security guard - Chicago Star

It has to be tough, right? The lonely, quiet, dark, and somewhat depressing existence of working the overnight shift as a security guard and doorperson in one of our Chicago condominium buildings.
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10/3/2024 ESG Kullen Sells Condo Deconversion for 17% Discount - Real Deal

ESG Kullen took a substantial loss on a 250-unit property in Chicago's Gold Coast that was converted from condos to rental apartments.
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10/2/2024 Carpenter builds her career building Chicago’s apartment complexes - Multifamily Dive

Journeyman carpenter Patricia Brown started her construction career wanting to build furniture. Many years later, that passion has turned into creating much larger projects. The assistant superintendent at Chicago-based developer Related Midwest has helped build and renovate major apartment properties in Chicago, including affordable housing projects like Lathrop Homes, Universal City, Northpoint Apartments and Circle Park.
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9/30/2024 Chicago Gold Coast apartments, converted from condos, sell for far less than previous price - CoStar

Almost six years after buying a condominium building in Chicago’s Gold Coast and converting it to 250 apartments, a New York-based investor has sold it at far less than what was spent. ESG Kullen early this month sold the nine-story Oliver on LaSalle building at 1140 N. LaSalle Drive for $31.5 million, according to Cook County property records.
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