Driven by the work-from-home revolution and an ongoing housing shortage, the Chicagoland metropolitan area has emerged as one of the nation's most active hubs for office-to-residential conversion, often called “adaptive reuse.” Downtown off…
Five years after the catastrophic collapse of the Champlain Towers South building in Surfside, Florida, that claimed the lives of 98 people, the 1.8-acre beachfront site is slated for an ultra-luxury redevelopment called The Delmore, design…
With summer on the wane and the festive season coming up fast, it’s the perfect time for multifamily boards, managers, and committees to start thinking about holiday social programming. And with the new year right around the corner, why not…
If you’re involved with a condo or hoa—whether overseeing operations, managing properties, or supporting building decisions—you’re constantly balancing budgets, compliance, projects, and resident expectations. The real challenge isn’t just …
The Chicagoland condo market has spent the last decade proving its resilience through a slow and steady trajectory. Unlike more volatile markets in Sun Belt cities, Chicago has transitioned from an era of downtown dominance to a more balanc…
The housing affordability crisis isn’t exactly breaking news; over the past 25 years, stagnant wages and spiralling prices for even modest one- or two-bedroom condo units have raised the bar to homeownership well beyond the reach of most fi…
Residential co-ops have played a small but historically meaningful role in Chicago’s housing landscape since the late 1800s. While cities like New York developed large cooperative housing sectors relatively quickly around the same time, Chi…
For community associations, property managers, and building owners, financial stability depends on more than simply keeping up with day-to-day operations. It requires thoughtful, proactive planning for the future, particularly for major rep…
Whether you’re a manager or a board member, running a condo or HOA has never been an easy job. There’s always a capital project to fund, a contractor to hire, a dispute to resolve, a leak to repair… the list can feel endless. That’s why C…
With many associations currently earning significant interest income on their reserve accounts, it may come as a surprise that associations have to pay federal income taxes on that income. Even more surprising is that the applicable tax rat…