Local home sales down 30% in 1Q
(Crain's) — Home sales in the Chicago area plummeted 29.9% in the first quarter as the slowing economy, dour consumer sentiment and bad weather kept buyers away. In the nine-county Chicago region, home and condominium sales totaled 13,989, compared with 19,942 sales in the first quarter last ...
Most-viewed at ChicagoRealEstateDaily.com
(Crain’s) — News that the share of vacant houses and condominiums for sale in the Chicago area has moved higher the past two years, is the most viewed story in the past week at ChicagoRealEstateDaily.com. The five most viewed in the past week as of Friday morning: More empty houses for sale ...
Daimler unit moving office out of Lisle
(Crain’s) — A unit of automaker Daimler A.G. plans to move an office of about 180 people out of Lisle. Daimler Truck Financial’s office at Arboretum Lakes West at 1011 Warrenville Road is relocating to the Dallas-Fort Worth area, according to a release Wednesday. Employees are to begin ...
W. Loop tower gets refi loan from German bank
(Crain’s) — A German bank has provided a $72.1-million loan to refinance a West Loop office tower, a sign that the U.S. credit markets remain in a state of unrest. Real estate firm Holliday Fenoglio Fowler L.P. arranged for the refinancing of 550 W. Washington St., which is owned by Beacon ...
Francesca’s to open Oak Lawn restaurant
(Crain’s) — Chicago-based Francesca’s Restaurants plans to open its 17th location this fall in southwest suburban Oak Lawn, becoming the third new restaurant at a small shopping center on 95th Street that was overhauled last year. The upscale Italian eatery founded on the North Side in 1992 ...
Drake Hotel owner sued by land trust
(Crain’s) — The joint venture including Walton Street Capital LLC that owns the Drake Hotel has defaulted on a lease for the land under the Michigan Avenue landmark by holding back information about the financing of the highly leveraged property, according to a lawsuit filed by the longtime ...
