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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Drafting the Annual Budget

Your Association’s Financial Roadmap

2026 Spring Chicago Expo Seminar: Capital Planning for Aging Infrastructure

Presented by: Reserve Advisors

2026 Spring Chicago Expo Seminar: Landscape Budgeting & Property Inspection Success

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Fannie Mae Raises the Bar for Reserve Funding

What Buyers Need to Know

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Understanding Management Fees

Minding the Bottom Line

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The Collections Process

Recovering What’s Owed

News

9/24/2026 70-Unit Condo Building Approved For Vacant Lot Near Mary Bartelme Park - Block Club Chicago

A 70-unit condo building will fill a long-vacant lot near Mary Bartelme Park after years of back and forth between residents, the alderman and the developer.
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9/22/2026 ‘City’s Worst Landowner’ Ran Shell Company Scheme To Pay For Maserati, Luxury Condo: Attorneys - Block Club Chicago

A Maserati. A luxury condo. These are a couple of the indulgences Chicago landowners Suzie B. Wilson and her sister Swedlana Dass allegedly paid for with millions of dollars illegally raked in from more than 1,000 neglected and distressed properties they owned throughout the South and West sides, according to a new complaint filed by the city against the mega-debtors.
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9/16/2026 $8 million condo at One Chicago is city’s highest-priced home sale of the year - Crain's

A high-floor condo at the One Chicago tower on Superior Street sold for $8 million, the highest recorded price for a home in the city so far in 2026.
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9/10/2026 First office-to-apartment conversion in city’s $250M push to remake the Loop opens - Crain's

The first completed project in the city’s nearly $250 million push to convert underutilized Loop office buildings into housing has opened to residents.
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8/31/2026 Buffalo Grove man with degenerative disease hasn't left condo since April because of broken elevator - CBS

A Buffalo Grove man with a medical condition that impairs his mobility says he hasn't left his condo in more than four months because his building's elevator is broken and hasn't been fixed.
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8/28/2026 Condo buyout specialist Yitzy Klor defaults on $51M in loans backed by units in Chicago towers - The Real Deal

Yitzy Klor’s future condo buyout plans are under threat. A portfolio of 137 units across seven Chicago condo towers face foreclosure over a default totaling nearly $51 million, with the debt personally backed by Klor, head of Strategic Properties of North America (SPNA), according to documents obtained by The Real Deal from the Cook County Circuit Court.
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8/21/2026 New rules could complicate Chicago condo sales - Axios

Some condo owners could find it harder to sell their units under tougher new Fannie Mae and Freddie Mac lending standards.
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8/17/2026 Condo Adviser: When it comes to allowing dogs, condominium declaration has the final say - Chicago Tribune

Q. I am a unit owner in a condominium association. Our condominium declaration states that dogs are not allowed to be kept in units, and a maximum of two cats are allowed per unit. However, successive boards have chosen not to enforce the restriction prohibiting dogs. Two years ago, the board of directors approved rules and regulations regarding allowed dog breeds and imposing dog weight limits. How can the rules and regulations allow dogs when our declaration prohibits dogs?
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8/14/2026 Northwestern dropout teams up with father to fix Chicago's apartment hunt - Chicago Star Media

Every North Sider who has ever hunted for an apartment knows the dread of Chicago's rental market: chasing down leasing agents, hunting for hidden lockboxes and getting ghosted by online brokers. Bella Campise, 21, is using her deep Chicago real estate roots to rewrite the rules.
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8/12/2026 Ex-Blackhawk Richard Panik selling Loop condo - Crain's

Hockey pro Richard Panik, who skated for the Blackhawks for three seasons in the 2010s and later came back to Chicago for a season with the Wolves, put his State Street condo up for sale.
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8/4/2026 Got cash? With few properties on sale, Chicago homebuyers are having bidding wars - WBEZChicago

Michael Mutz has been ready to move out of his parents’ home in Lincoln Park. But after nine months of trying to buy his first home, he’s starting to feel worn down.
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7/31/2026 Optima Lumina development begins condominium sales - Urbanize Chicago

Condominium sales have begun for Optima Lumina, a condominium development planned for downtown Wilmette on Chicago’s North Shore. Planned by Optima, Inc, the 133-unit for-sale condominium community is designed, developed, built and managed by the integrated real estate firm. The development will replace the former Imperial Motors car dealership and is located immediately north of Optima Verdana, a 100-unit rental community that Optima opened in 2023.
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7/27/2026 Condos in Chicago’s Lakeshore East are selling faster than a cold beer at Wrigley - Chicago Star Media

Sales at Cirrus Condominiums in Chicago’s Lakeshore East have more than doubled in the first half of 2026 as shrinking inventory and steady demand draw buyers back downtown, according to Jameson Sotheby’s International Realty and The Real Deal. The 47-story tower at 211 N. Harbor Drive closed on 46 units and had 15 more under contract, for a total of 61 sales in the period, the report confirmed. That compares with 24 units sold in the same stretch a year earlier and 13 units in the first half of 2023, per Jameson Sotheby’s data.
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7/24/2026 Full building permit issued for 1282 W. Washington - Urbanize Chicago

A full building permit has been issued for a condo development at 1282 W. Washington in the West Loop. Planned by ZSD Corp and Corwin Partners, the development is being planned for a midblock site along W. Washington Blvd between N. Elizabeth St and N. Ada St. The one-story structure that currently occupies the site will be demolished.
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7/22/2026 The North Shore’s condo boom approaches the $5 million frontier - Crain's

The launch of sales at a Wilmette condo building this week will set a new high for condos in suburban downtowns, with an asking price of slightly under $4.6 million — lifting the existing top by more than half a million dollars.
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7/20/2026 East Lake Shore Drive condo sells for millions below its 2006 price - Crain's

A condo on exclusive East Lake Shore Drive sold for $5.2 million, which is millions of dollars below its past two sale prices, from 2015 and 2006.
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7/16/2026 Deconversion at 200 North Dearborn turns heated as Yitzy Klor threatens legal action - The Real Deal

The potential buyer and sellers in a condo deconversion negotiation at 200 North Dearborn Street are both alleging the other side is blurring legal lines as condo owners mull over a $98 million offer for a bulk purchase of the building.
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7/14/2026 This $11.5 Million St. Regis Penthouse Combines Sleek Italian Design With Sweeping Chicago Views - Robb Report

This is not a standard developer unit. Instead, it’s a custom-crafted home in the sky that took over a year to finalize. Set on the entire 76th floor of the 101-story St. Regis Chicago—an undulating hotel and residential supertall designed by Jeanne Gang of Studio Gang—the sprawling sanctuary commands panoramic views of Lake Michigan, Navy Pier, Monroe Harbor, and the Chicago skyline beyond.
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7/10/2026 Condo in rare Art Moderne building Theophil Studios up for sale - Crain's

Longtime owners are putting up for sale a nicely preserved unit in a one-of-a-kind building in Old Town, with its graphic art glass, porthole window and other distinctive finishes intact.
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7/8/2026 Downtown Chicago condo market gets its wings clipped again - Crain's

The latest evidence that Chicago’s once high-flying downtown condo market has had its wings clipped is the news that a full-floor unit at the One Chicago tower that went under contract at $13.9 million a few years back has now sold for $5.3 million.
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