Cash, or Charge? - Reserve Budgeting & Funding 2024 Rosemont Expo Seminar Presented by: Independent Association Managers, Inc./ Reserve Advisors

By The Cooperator Staff 21 June 2024 Seminar

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Money Mindfulness

Tips for Keeping Your Association Financially Healthy

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Understanding Your Monthly Financial Information

Key to a Financially Healthy Association

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The Collections Process

Why It's Critical to Community Health

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Dealing with Exterior Maintenance & Inspections

In Condos & Co-ops, the “F” Word is “Façade”

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Fiduciary Duty Explained

One for All - Not All for One

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Understanding Your Monthly Financial Information

The Key to a Financially Successful Association

News

12/19/2024 Museum Park condo, unfinished after 15 years, for sale at $6 million - Chicago Business

New on the market yesterday at nearly $6 million is a high-floor condo in Museum Park that is still unfinished space 15 years after the tower was completed.
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12/18/2024 Chicago Bulls legend Michael Jordan's Highland Park mansion officially sold for $9.5 million after 12 years, Compass listing shows - ABC 7

Michael Jordan's iconic mansion has finally been sold. The former Chicago Bulls superstar's 32,683-square-foot home in Highland Park, went under contract in September after being on the market for 12 years. The house was last listed in 2015 for $14,855,000 -- a $14,145,000 difference from the original asking price of $29,000,000 when the estate went up for sale in 2012.
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12/17/2024 Optima plans to double unit count on Chicago’s North Shore - Multifamily Dive

Optima Lumina will be the developer's second mixed-use project in Wilmette, Illinois, located next door to the first.
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12/13/2024 How the St. Regis became Chicago's tower of troubles - Chicago Business

In September 2016, all signs were favorable as Magellan Development Group and a Chinese partner broke ground on a 101-story hotel and condo tower on a premier Chicago River site. Chinese investment in U.S. real estate was rising, affluent buyers — many of them empty-nesters — were flocking to downtown condos and Magellan had tapped a star architect for the design.
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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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