Category: COVID-19

Real Estate Industry Applauds Biden Admin's Recovery Efforts By Cooper Smith

A broad real estate coalition today applauded the measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30, 2021. In a joint letter to Presiden…

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8/22/2025 Marcus Lemonis lands a buyer for his Bloomingdale's condo in one day - Crain's

Marcus Lemonis, the business leader and reality TV personality, got a contract to sell his condo in the Bloomingdale's building in a single day.
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8/20/2025 Bloomingdale's condos are selling at 1990s prices — and some for even less - Crain's

In the past week, two condos at the Bloomingdale's building on North Michigan Avenue have sold for prices from decades ago, one of them going for well below its price from 1990, a full 35 years ago.
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8/18/2025 Local News Lakeview condo building's windows shattered during Chicago Air and Water Show practice - CBS

Three buildings on Lake Shore Drive were dealing with shattered windows on Friday, including all the windows in the lobby of a Lakeview condo building, amid rehearsals for the Chicago Air & Water Show.
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8/14/2025 Epic Charging Partners With Chicago Condo Building to Deliver One of Nation’s Largest EV Charger Retrofits - Yahoo

Epic Charging, America’s fastest-growing EV charging software provider, has migrated 148 smart charging stations to its own versatile charge point management system (CPMS) at a 401-unit condominium building in downtown Chicago, IL. With over a quarter of the units opting for an EV charger in their dedicated parking spaces, this project is believed to be one of the nation’s largest residential installations of EV chargers to date.
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8/12/2025 Chicago Startup Says It Can Protect Condo Owners From Surprise HOA Costs—and Help Sellers Avoid Concessions - Realtor.com

A Chicago startup is tackling HOA fees by providing a product aimed at giving condo owners a safety net.
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8/7/2025 In downtown Chicago's condo market, the hits keep coming - Crain's

Last week was rough on the downtown condo market, with nine different examples popping up to show that the price declines of the fraught early 2020s aren't over.
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8/4/2025 Ex-Blackhawk Patrick Kane sells Gold Coast condo for $6.4 million - Crain's

Hockey great Patrick Kane, whose 16 seasons with the Chicago Blackhawks included three Stanley Cup wins, sold a Gold Coast condo for $6.4 million.
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8/2/2025 Some North Side condo residents asked to leave units amid hazmat investigation: CFD, officials - ABC

There is a hazmat investigation on the North Side Friday, Chicago fire officials said. Chopper 7 was over a high-rise in the 1100-block of West Catalpa Avenue in Edgewater about noon. There was a visible emergency response.
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7/29/2025 'The Bean' sculptor puts Manhattan condo up for sale at almost $17.8 million - Crain's

Anish Kapoor, whose monumental sculpture Cloud Gate, aka The Bean, is a Millennium Park focal point, is asking $17.75 million for his Manhattan condo.
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7/28/2025 Here are 5 properties you could buy with $400,000 — the median sales price for a Chicago home - Chicago Sun Times

Chicago’s housing market last month saw its inventory drop and fewer new listings, but sales still rebounded, according to the Chicago Association of Realtors latest report.
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7/25/2025 Former Chicago Cubs infielder Jeimer Candelario buys Lakeview condo for $725,000 - Chicago Tribune

Former Chicago Cubs infielder Jeimer Candelario in February paid $725,000 for a three-bedroom condominium in the Lakeview neighborhood.
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7/21/2025 Old Town condo association sues developer Fern Hill over 36-story residential tower - Chicago Sun Times

Some Old Town residents filed a lawsuit Tuesday afternoon against a Loop developer and the city of Chicago to halt the construction of a 36-story residential tower.
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7/18/2025 Gold Coast's 'ghost building' comes back to life as multimillion-dollar condos - Crain's

A Gold Coast courtyard building that sat puzzlingly empty for at least two decades and came to be known as a ghost building has been reanimated as high-end condos, most priced over $4 million.
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7/14/2025 Two distressed Loop office buildings hit the market with an eye toward apartments - Crain's

Two historic distressed office buildings just steps from Grant Park are being marketed for sale as opportunities for investors to pick them up at steep discounts and turn them into apartments or other uses.
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7/8/2025 Chicago startup aims to protect homebuyers from HOA surprises - Crain's

The two-bedroom condo his clients liked in West Ridge looked good, but the condo association's finances made Joe Green, a Keller Williams One Chicago agent, a little worried.
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7/3/2025 I sold my Chicago condo to save money after losing my job, and I regret it. It's now valued at $193,000 more than I paid. - Business Insider

After seven months on the market, my once-perfect suburban home had a new family. I pictured them filled with hope, just as I had been. With the moving truck loaded, I burned sage in every corner of the empty house, wishing them the fortune I'd missed with my ex and his three kids. That same day, in the fall of 2018, I headed to downtown Chicago to unload in my new condo.
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7/2/2025 WBBM-Ch. 2 weekend news anchor Suzanne Le Mignot and her husband buy Gold Coast condo for $928,500 - Chicago Tribune

WBBM-Ch. 2 weekend morning news anchor and weekday reporter Suzanne Le Mignot and her husband, John Luce, paid $928,500 earlier this year for a two-bedroom condominium on the 14th floor of a vintage and recently converted and renovated Gold Coast building.
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6/30/2025 Former Mayor Richard Daley cuts price of his Lake Shore Drive condo - Crain's

Former Chicago Mayor Richard M. Daley took 10% off the asking price of his Lake Shore Drive condo today.
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6/23/2025 YK Investments Closes Loan for Chicago Condo Deconversion - Multi-Housing News

YK Investments has landed a $25.14 million bridge loan to acquire full control of and begin renovations at The Archer, a 68-unit multifamily property located on Chicago’s Gold Coast. Concord Summit Capital, LLC arranged the bridge financing.
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6/20/2025 Kiser Group Arranges $5.9M Sale of Apartment Building in Chicago’s Morgan Park - Rebusiness Online

Kiser Group has arranged the $5.9 million sale of a 42-unit multifamily property in Chicago’s Morgan Park neighborhood. The sales price of $140,000 per unit represents the highest price-per-unit ever recorded in the area, according to Kiser.
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