Crestwood
REAL ESTATE
4 Illinois Cities Ranked In America’s “Safest And Richest” Places To Live List
We all know some towns are just better to be in than others. It's always fun to go to the towns and neighborhoods that are very safe and loaded. These are the places that can do hayrides through the street on Halloween and the houses hand out full-size candy bars.
850 N. Lake Shore Drive, Residence 708, Chicago, IL 60611
Located in a beautifully restored historic building along Chicago’s lakefront, this spacious two-bedroom home seamlessly merges classic elegance with modern luxury. Residence 708 features a large den, soaring 11-foot ceilings, brand-new stainless steel Bosch kitchen appliances and a Whirlpool washer and dryer. Beyond the refined interiors, the building offers...
Goose Island Project Site Listed for Sale
The owners of a former lumberyard on Goose Island are offering the land for sale, a move that calls into question Hines’ long-standing plans to build Chicago’s first mass timber building on the site. CBRE is marketing the 2.1-acre site at 1017 W. Division St., a former lumberyard,...
FHLBank Chicago Launches $300 Million LIHTC Collateral Pilot Program
The Federal Home Loan Bank of Chicago has announced its new Low-Income Housing Tax Credit (LIHTC) Collateral Pilot Program, which will provide members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on housing credit projects. Through member banks, credit unions, insurance...
Illinois home sales, inventory and median prices all increased in July
Home sales, available homes and median home prices all rose across the state in July, according to new data from Illinois REALTORS®. Last month, Illinois home sales rose 6.2% year over year with 13,114 homes sold. Inventory rose similarly, by 6.3%, with 19,494 homes on the market. At the same time, the median sales price hit $308,000: an 8.1% bump.
Lendlease Achieves Stabilization at The Reed at Southbank in Chicago’s South Loop
Lendlease, a leading integrated real estate group, announced the stabilization of the apartments at The Reed at Southbank, the firm’s 41-story residential tower at 234 W. Polk Street in Chicago’s South Loop neighborhood. The Reed at Southbank includes 226 apartments in a mix of studio, convertible, one-, two-...
Interra Realty Closes 3 Multifamily Sales on School Street, Northwest Highway, and Altgeld Street in Chicago Totaling $6.795M
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of three apartment buildings in Chicago. The properties, comprising 36 units in total, were sold in three separate transactions for a combined $6.795 million. The properties are located on School Street, Northwest Highway, and Altgeld Street.
JLL Arranged the $31M Construction Loan for a New Multifamily Community on Fremont Street in Chicago’s Lincoln Park Neighborhood
JLL Capital Markets announced that it has arranged a $31 million construction loan in the form of a participating mortgage for the development of 1529 N Fremont Street, a 132-unit, fully entitled multifamily development in Chicago’s Lincoln Park neighborhood. JLL worked on behalf of the borrowers, CityPads and Wayland...
Kale Realty adds Alison Swedenberg-Suarez as assistant managing broker
Alison “Ali” Swedenberg-Suarez has joined Kale Realty as the new assistant managing broker. She has nearly a decade of experience in the real estate industry. In the her new position at Kale Realty, Swedenberg-Suarez will develop the firm’s New to the Business Agent Development Program, as well as its Transaction Coach and Mentoring Program. Additionally, she help with training, client relations, and strategic planning, working closely with the entire leadership team, and create customized marketing campaigns.
Mike Larson and Colby Price join Jameson Sotheby’s International Realty
Two new agents have joined Jameson Sotheby’s International Realty (JSIR): Mike Larson and Colby Price. Larson, who covers Chicago and Lake Geneva, quickly made a name for himself after launching his real estate career at Gold Coast Realty in 2015. Since then, he’s completed over $50 million in total sales and rental volume and broke the city-wide record for the fastest leased building.
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