Midlothian
REAL ESTATE
Chicago's United Center Owners Unveil $7 Billion '1901 Project' to Revitalize Near West Side with Green Spaces and Housing
The Near West Side of Chicago is poised for a monumental overhaul after the families behind the city's storied United Center, home to the Chicago Bulls and Blackhawks, revealed detailed plans for a massive $7 billion redevelopment project. Termed the 1901 Project, the ambitious initiative aims to transform the current scape dominated by parking lots into a revitalized neighborhood with abundant green spaces, housing, and a new music venue, according to information obtained by NBC Chicago.
The salaries you'd need to afford iconic TV and movie homes from ‘Full House', ‘The Godfather' and more
This year, the Chicago-area house from "Home Alone" and the iconic "Full House" townhouse in San Francisco hit the market with asking prices in the millions. If you've ever wondered what it would cost to own the properties from some of your favorite movies and TV shows like "Scarface", "Mean Girls", "Twilight" and "The Sopranos" — or if you'd ever be able to afford it — a recent study has some answers.
Popular Wrigley Field rooftops to be torn down for another soulless apartment complex
I am not even a Chicago Cubs fan, but this makes me sad. For a few years there, I was a Wrigleyville resident. I lived half a block south of Wrigley Field. While I felt like a complete outsider the entire time I lived in Chicago, I did grow to find comfort in the neighborhood I chose to live in. Then, COVID happened, and that was a sign to me from the universe that I needed to move back home to Atlanta.
Afternoon Briefing: Southland homeowners demand property tax relief
Good afternoon, Chicago. More than 10,000 residents of Cook County can expect to receive automatic refunds due to overpayments of their property taxes, Cook County Treasurer Maria Pappas announced today. The treasurer plans to send out more than $22 million in refunds by Aug. 9. Meanwhile, as south suburban homeowners prepare to pay their historically high property tax bills ahead of the Aug. ...
Habitat Opens First Apartment Building at $200 Million Mixed-Use Development in Chicago
CHICAGO — Locally based developer and property manager Habitat has opened OC Living, the first residential community at Ogden Commons, a $200 million mixed-use development in Chicago’s North Lawndale neighborhood. Located at 1325 S. Washtenaw Ave., OC Living consists of one four-story building housing 92 units across four...
West Town affordable housing development receives partial funding approval
An affordable housing development at 1237 N. California Ave. in Chicago’s West Town neighborhood has secured partial funding approval, marking a significant step forward for this impactful project. Spearheaded by the Hispanic Housing Development Corporation and designed by DesignBridge, the development is set to replace a vacant lot with much-needed housing for working families and seniors.
What’s for Sale on the Edge of the City?
The Chicago real estate market tends to focus on trendy, cool neighborhoods close to downtown, rather than on the city’s borders. What do you mean a young professional doesn’t want to live in Dunning or Edison Park? Joking aside, the far Northwest Side is not some distant place. Believe it or not, there are some interesting (and somewhat reasonably priced) properties available for sale for families who wish to remain in the city proper. Residents in the farthest parts of Chicago get to experience a semi-suburban lifestyle while still enjoying (and paying for) city conveniences. Take, for example, our first listing in Morgan Park: it’s only 16 miles from the Loop, but the neighborhood feels like a different world with its large lots, winding streets, and roundabouts. So let’s take a look at that property as well as four others located on the edges of the city.
Mixed-Use Property in Chicago’s Hyde Park Neighborhood Sells
Interra Realty has brokered the off-market sale of a 33-unit mixed-use property at 5704 S. Harper Ave. in the city’s Hyde Park neighborhood for $6.6 million. Interra Senior Managing Partner Brad Feldman represented both the buyer, a local private investor, and seller, a private family partnership. The corner building...
The "South Bend Shovel Slayer's" House From Home Alone Is For Sale Outside Chicago
Crain's Chicago Business - A shingle-covered, turreted 19th century Winnetka house, the work of a distinguished architect but most familiar from its cameo in "Home Alone" as the house where the supposed South Bend Shovel Slayer lived, is for sale. Penny and Dick Green are asking just under $4.2 million...
Interra Realty closes sale of 40-unit apartment property in Chicago’s Uptown neighborhood
Interra Realty brokered the sale of The Synagogue, a 40-unit multifamily property at 5029 N. Kenmore Ave. in Chicago’s Uptown neighborhood for $8.175 million, or $204,375 per unit. Constructed in 1922, the building is an adaptive reuse of a former temple that was reopened as rental apartments in 2019.
Commercial Real Estate Hall of Fame: Riley Safer Holmes & Cancila’s LaVon Johns
For nearly three decades, commercial real estate and transactions attorney LaVon M. Johns has solidified her reputation as go-to counsel for some of the nation’s most significant public/private partnership and nonprofit transactions. As Partner and Leader of the Business Transactions group at Riley Safer Holmes & Cancila LLP (RSHC),...
Colliers brokers sale of 74.96-acre site in University Park
Colliers recently arranged Clarius Partners’ acquisition of a 74.96-acre vacant land site on University Parkway, east of Central Avenue, in University Park, Illinois. The seller was a private investor. The planned development will be primed for large logistics operations and include a 970,123-square-foot, cross-dock warehouse facility. The development will...
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been strong, we’re looking for nominees who haven’t been acknowledged yet. We’re continuing to call for nominations to spotlight women whose talent, drive and leadership have helped them succeed and become influential in commercial real estate.
Chicago’s Lee & Associates Asset Management adds EVP
Lee & Associates Asset Management hired Ryan Freed as executive vice president. Chicago-based LAM is the independently owned asset management arm of Lee & Associates, one of the largest national commercial real estate services providers. LAM currently manages 10 million square feet of office, industrial and retail properties across more than 100 buildings in Illinois, Indiana, Minnesota, Missouri, Wisconsin, Michigan and Texas.
June home sales slump, pointing to a buyer’s market as supply increases
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This is the slowest sales pace since December.
Suburban single-family home sales drop 20% year over year
The number of single-family homes sold in Chicago’s suburbs dropped nearly 20% from June 2023 to June of this year, Mainstreet Organization of REALTORS® reported. There were 3,360 detached homes that sold last June and only 2,735 detached homes that sold during the same month this year. The...
Sterling Bay’s Marcey Street Development Still On Hold — As Is Neighboring Lincoln Yards
LINCOLN PARK — Prominent Chicago developer Sterling Bay is striking an optimistic tone as it hopes to soon move forward with a two-tower apartment complex in Lincoln Park as well as the long-stalled Lincoln Yards megadevelopment along the Chicago River. But community opposition to the Lincoln Park project and...
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