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

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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9/26/2024 Billionaire buys Lincoln Park condo for $5M as luxury heats up - Real Deal

Computer Discount Warehouse founder Michael Krasny paid $5.1 million for a condo in Chicago's Lincoln Park as the luxury scene heats up.
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9/25/2024 Greenstone Partners marketing 50-unit condo property in Chicago’s South Loop - RE Journal

Greenstone Partners marketing 50-unit condo property in Chicago’s South Loop.
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9/24/2024 Tenants of 8-story Chicago apartment building left with no elevator service for weeks - CBS

Residents of an eight-story apartment building in Hyde Park have been experiencing a weekslong nightmare due to having no elevator service. Since July, coming and going has meant a hike up or down the stairs, but what's taking so long to get the problem fixed?
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9/23/2024 Greenstone Partners Brings 50-unit Chicago Condo Deconversion Imperial Lofts to Market - Yield Pro

Commercial real estate brokerage firm Greenstone Partners has listed Imperial Lofts, a 50-unit condominium property located at 1528 S. Wabash Avenue in Chicago’s South Loop neighborhood, for sale. The property features a range of floorplans from one- to two-bedroom units.
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9/19/2024 Related Midwest slashes penthouse price as condo demand disappears - Real Deal

Related Midwest cut the price of a Streeterville penthouse by more than half as condo demand has dwindled in downtown Chicago.
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9/17/2024 Streeterville penthouse cuts its $14.3 million asking price by half as downtown condos languish - Crain's

A high-floor condo in Streeterville, first listed by its developer in 2019 at $14.3 million and unsold since then, is now priced at less than half that.
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9/16/2024 Woman fears foreclosure after carpet dispute with condo association in Prospect Heights - ABC Chicago

Chris Kraszynski lives in a condo in Prospect Heights and said her condo association has falsely accused her of removing the wall-to-wall carpeting, putting her housing at risk.
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9/13/2024 Obamas’ former Hyde Park condo listed for just $550K - Real Deal

A Condo in hicago's Hyde Park that formerly belonged to Barack and Michelle Obama hit the market for $550000.
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9/12/2024 Inside Strategic Properties of North America’s many multifamily woes - Real Deal

Strategic Properties of North America, a Chicago-area landlord that has made headlines for two failed condo deconversion deals, is facing legal turmoil with condo associations and fellow investors.
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