Worth
REAL ESTATE
Photos: OneRepublic guitarist is selling his renovated Chicago-area home
LA GRANGE, Ill. — The lead guitarist of Grammy-nominated pop rock band OneRepublic has put his renovated home just a short Distance from Chicago on the market, and it just might make you Stop and Stare. Listed at $3.75 million, the future owner of this Dream home will be Waking Up in one of the […]
Suburban homeowner's property tax bill skyrockets from $1,800 to over $30K
COOK COUNTY - A homeowner in unincorporated Chicago Heights is reeling after receiving a property tax bill that assessed his modest 1950s home at over $1 million. Darryl Lloyd, who purchased the three-bedroom, one-bathroom house in 2006 for $115,000, maintains its current market value is just over $180,000. "I was...
Historic homes on and off the market
One of Hinsdale's most notable homes - the William Whitney house at 142 E. First St. - has been listed on the private market at $2,399,000, according to listing agent Kris Berger of Compass. The Italianate structure is owned by Grace Episcopal Church and has served as its rectory for...
Peak Properties LLC takes over management duties at Gold Coast apartment property
Peak Properties LLC has taken over management of 860 Dewitt, previously Gold Coast City Club Apartments. Located in the heart of Chicago’s Gold Coast/Streeterville neighborhood, the property features 148 residential units, one commercial space occupied by Dollop Coffee and the adjacent parking garage. Offering studio to penthouse apartment options,...
Multifamily Property in WA Sells for $12M
Kidder Mathews completed the sale of Clara Flats, a 30-unit mixed-use apartment building, for $11.9 million. The property, completed in 2020, consists of two buildings with two fully leased retail spaces. Located at 608 NE Birch Street, the buildings overlook downtown Camas and feature mountain and river views. A Portland-based...
New UPDATE: Confusion As To WHO Actually Owns Bob’s Salt and Feed Property
UPDATE 2: as of the publication of our update 4 days ago, the West Chicago City Administrator emailed us (unsolicited ), and said this:. “I’m sorry Heather, while what Tom wrote you is accurate, as I previously communicated, we are still not the official owner of the three parcels and won’t be until all outstanding obligations are satisfied and we close on the property, both of which have not occurred; the back taxes component has been particularly challenging. The City hopes to finalize those remaining requirements to complete the ownership process next week.”
Office tenants seek out top-tier spaces, showing downtown market isn’t quite dead
The downtown Chicago office market remained stuck in the doldrums during the first half of 2024, with a historically high vacancy rate and sinking office employment. But the news isn't all bad. The best skyscrapers, either recently built or renovated, are thriving as companies entice employees back downtown by renting top-tier offices.
PGIM Real Estate Provides $98M for 7-Property Industrial Portfolio
PGIM Real Estate has provided a $98.3 million floating-rate loan for a seven-asset industrial portfolio through its core-plus lending strategy. The portfolio, spanning 1.45 million square feet, includes properties in Chicago, Atlanta, Boston, and Bergen County, NJ. The loan will finance capital improvements and lease-up efforts for three properties. “This...
Onni Secures $1B Refinancing for Chicago, L.A. Apartment Portfolio
Canadian developer Onni Group has secured $1 billion in refinancing for an eight-tower apartment portfolio in Chicago and the Los Angeles area, according to a Fitch Ratings report. Vancouver-based Onni is slated to receive $875 million on a five-year, fixed-rate deal and US$125 million in mezzanine debt. The deal is...
Brennan Investment Group Promotes Brad O’Halloran to EVP
Brennan Investment Group, a Chicago-based private real estate investment firm, has promoted Brad O’Halloran to executive vice president. In this new position, he will lead Brennan’s capital markets department, which is responsible for the procurement of debt and equity capital—both institutional and high net worth—for the company’s value-add industrial real estate investments.
Report: Chicago Office Market Leasing Activity Remains Expiration-Driven
The downtown Chicago office market experienced divergent conditions in Q2, with overall inventory remaining stable at 148.7 million square feet, according to a Q2 office report from Savills. The bifurcated conditions resulted in properties with newer construction, amenities, and prime locations being highly sought after and performing well. Conversely, the...
Buying a Home is Hard. It’s Even More Difficult When You’re Undocumented.
Several times throughout the home-buying process, Jorge wanted to throw in the towel. The journey of owning a home was longer and more complicated than he imagined. He was buried under a mountain of paperwork and endless requests for financial statements and records. Qualifying for a loan became progressively overwhelming, especially when juggling work and other responsibilities. “I was starting to regret it,” Jorge said. “I got tired.”
MRED joins NAR lawsuit settlement
Midwest Real Estate Data (MRED) will opt in to the lawsuit settlement reached by the National Association of REALTORS® (NAR) that is set to take effect Aug. 17. The settlement by NAR will remove buyer’s agent commissions from the MLS and require written buyer’s agent agreements, among other changes.
Mortgage veteran rejoins Proper Rate as president
Proper Rate, a joint venture between Guaranteed Rate and real estate brokerage @properties, has announced the appointment of Chris Knapp (pictured) as its new president. This move marks Knapp’s return to the Guaranteed Rate family after an 11-year tenure with the company earlier in his career. Proper Rate is a mortgage joint venture between Guaranteed Rate and real estate brokerage @properties. Chicago-based @properties owns the Christie’s International Real Estate global luxury brand and network.
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