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News

4/20/2021 East Lakeview condo building sells, deconversion to rental underway—RE Journals

Essex Realty Group, Inc. has announced the sale of 663 W. Grace Street, an 80-unit condominium property located in Chicago’s East Lakeview neighborhood.
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4/14/2021 Condo Adviser: When will state guidelines allow my condo association to reopen the pool?—Chicago Tribune

Q. I am a unit owner in a high-rise condominium association and none of our common amenities are open due to COVID-19. What does Gov. Pritzker’s new “bridge phase” plan mean for at least the reopening of our pool?
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4/12/2021 Luxury Living Chicago Realty Hits Leasing Milestones at Multiple Upscale Apartment Buildings Across Downtown Neighborhoods—MultifamilyBiz

Luxury Living Chicago Realty is pleased to announce exclusive leasing and marketing assignments Norweta, The Jax, Logan Apartments and Wolf Point West have reached leasing milestones and are all 95% leased.
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4/8/2021 7 Chicago Real Estate Market Trends to Know—MSN.com

Whether you were born and bred in Chicago or are moving to the third-most populous city in the U.S. for the first time, know that the housing market both echoes national trends and deviates from them.
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4/8/2021 ZSD picks up stalled church condo conversion—The Real Deal

Three years ago, the planned conversion of long-shuttered St. Boniface Catholic Church into a condominium complex won city approval.
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3/30/2021 Multiple Explosive Devices Found In Streeterville High-Rise After Man Found Dead In Condo, Sources Say—CBS News

A death investigation turned into a potentially explosive situation in Streeterville on Wednesday, as the bomb squad found a potentially volatile substance in the man’s condo.
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3/25/2021 With Residential Projects Allowed North Of Lake Street, Developer Proposes 32-Story High-Rise In Fulton Market—Block Club Chicago

A developer is pitching plans for a 32-story apartment high-rise after a decades-long moratorium on new housing in that part of Fulton Market.
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3/25/2021 Chicago City Council passes ordinance requiring real estate developers demolishing existing buildings to pay large fine—WGN News

In an effort to slow gentrification in hot real estate markets such as Pilsen and along the 606 Trail, the Chicago City Council approved a plan Wednesday that requires developers looking to demolish existing buildings to pay a fee of up to $15,000.
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3/23/2021 Chicago-area home sales and prices are seeing double-digit gains. ‘There’s just so few homes and so many buyers.’—Chicago Tribune

Jeff Kingsley and his wife had long planned to leave their Chicago apartment and buy a house in the suburbs after they got married a year and a half ago.
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3/22/2021 REAL ESTATE MATTERS: Moving to avoid board-run condo development—Sarasota Herald-Tribune

Q: I read your response to the 66-year old buyer who was considering the purchase of a home.
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3/22/2021 Developer Proposing 2 New Condo Projects In Albany Park, But Neighbors Want More Time To Review Plans—Block Club Chicago

Developer Platinum Homes wants to build two new condo developments in Albany Park but the neighborhood’s alderman and some neighbors want more time to review one of the projects.
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3/17/2021 A different kind of rent-to-own offer—Crain's Chicago Business

A developer of both for-rent and for-sale buildings in downtown neighborhoods is rolling out an unusual offer: buy a condo, and while you wait for it to be completed, rent an apartment in the building next door.
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3/17/2021 Trump Tower Workers Got Vaccines From West Side Hospital — Whose COO Owns A Condo In Luxury Highrise—Block Club Chicago

Loretto Hospital on the West Side vaccinated workers at Trump Tower Downtown, officials acknowledged Tuesday — but the hospital’s story about how the event happened directly contradicts what a Trump executive said happened.
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3/15/2021 Neighbors rip new plan for stalled Grant Park skyscraper—Crain's Chicago Business

The New York developers trying to restart construction on a stalled 74-story residential high-rise overlooking Grant Park are facing resistance from the project’s next-door neighbors.
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3/12/2021 Courts, legislature looking into cost of getting condo documents—Chicago Daily Law Bulletin

When I wrote my last article about the cost of obtaining condominium documents when selling a unit, I thought I was only expressing my own frustration on behalf of my seller clients.
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3/8/2021 Condos along Chicago’s Gold Coast area targeted by gunfire, cops say—New York Post

Chicago police are warning residents in the city’s upscale Gold Coast neighborhood to be on the lookout for an alleged gunman targeting condo buildings.
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3/5/2021 Five condo buildings about to become apartment buildings—Forest Park Review

The village of Forest Park will soon have 239 new rental units as the deconversion of five condominium buildings on Desplaines Avenue is underway.
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3/3/2021 Quadriplegic In Highland Park Wants Neighbors To Swap Parking Spaces So He Can Fit His Wheelchair-Accessible Van, But They Won’t Do It—CBS 2 News

A quadriplegic in Highland Park has a request for his neighbors.
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3/3/2021 Plan To Convert Historic St. Boniface Church Into Condos Is Back On Track After Years Of Delay, Owner Says—Block Club Chicago

Despite a three-year delay, a neighbor’s plans to preserve and redevelop the St. Boniface church building in West Town’s Noble Square are still in motion, the church’s owner said Monday.
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3/3/2021 Chicago’s home and condo resale markets off to fast start—Loop North News

Strong buyer demand during the pandemic kicked Chicago’s home and condominium resale market off to a fast start in January, analysts say.
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