Developers sold 122 condos downtown in the quarter, up from 72 in fourth-quarter 2012 and 113 a year earlier, according to Appraisal Research Counselors.
(AP) — Longtime tenants are suing the Chicago Housing Authority for allegedly reneging on pledges to return them to their neighborhood after redevelopment.
His tower outsold all other downtown condo projects in the first quarter, according to a new report. It was the best sales quarter for the riverside building in nearly four years.
Thomas Demetrio got $3.1 million for it, after paying $4.5 million in 2000. Also, the CEO of Walter E. Smithe lists his Barrington Hills home and Acco Brands' exec chairman sells in Lake Forest.
The developer-cum-reality TV star made his highly anticipated appearance today in a downtown federal courtroom.
The Chicago-based apartment investor paid $4.5 million for 12 unsold condos, retail space and parking at Bucktown Station, a 15-unit development, saving developer Bruce Fogelson from foreclosure.
Also, a former Chicago Fire players sells a Wicker Park condo, and @properties' co-founders start a title firm.
The venture that took over nearly 500 units in three failed South Loop condominium projects last year has already sold more than 100 a few months after re-launching sales, another good sign for the…
Also, the chief financial officer for Chicago-based Deutsche Leasing builds and sells his Hinsdale home, and a venture that includes real estate executives sells a Glencoe spec home.
Home foreclosure filings in Illinois fell for the third straight month in April, but the state still had the fourth-highest foreclosure rate in the country, a new report shows.
Also, a RiverView West condo is listed for $2.25 million and a Glencoe home sells for less than its 2005 price.
The joint venture paid $2.4 million for 29 acres of raw land in the western suburb, underscoring the increased willingness of developers to start from scratch.
Also, a venture plans six full-floor condos in a River North mid-rise, and a "spec" house in Roscoe Village sells for $985,000.
The numbers continue the positive momentum of 2012, when Chicago-area developers recorded their first annual sales gain since 2005. But unlike last year, new homes of all stripes saw encouraging…
Local prices were up 5.1 percent compared with February 2012, but that year-over-year increase was the second-smallest in a 20-city index.
A company formed by Jeff Smisek paid $2.38 million for a two-bedroom unit on the building's 34th floor.
Also, a Lincoln Park home is listed for almost $2.75 million and a Hyde Park house sells for $1.61 million — about 24 percent less than its list price.
The Chicago area had a 13.3-year supply of vacant lots ready for new homes in the first quarter, the sixth straight quarterly decline and the lowest level since 2009.
Also, a new Hewlett-Packard exec lists in Winnetka, an Abbott exec buys in Lake Forest and Koenig & Strey opens a Skokie sales office.
Also, a Lake Forest home owned by the great-grandson of Walgreen Co. founder Charles Rudolph Walgreen sold for $1. 1 million about a year after getting hit with a foreclosure suit, and a Lincoln Park…