New condo sales rise downtown, shrinking supply
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.
Tenant group sues Chicago Housing Authority
(AP) — Longtime tenants are suing the Chicago Housing Authority for allegedly reneging on pledges to return them to their neighborhood after redevelopment.
Trump sparks courtroom drama — and condo sales
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.
Well-known lawyer sells Gold Coast greystone
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.
Trump's testimony an 'infomercial,' opposing lawyer says
The developer-cum-reality TV star made his highly anticipated appearance today in a downtown federal courtroom.
Laramar buys failed Bucktown condo project
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.
Developer, fed mole relists Bridgeport home with pool
Also, a former Chicago Fire players sells a Wicker Park condo, and @properties' co-founders start a title firm.
Sales surge at South Loop condo towers
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…
Kenwood home lists for $3.5 million
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.
Illinois foreclosure activity falls again
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.
Search exec finds Lincoln Park buyer
Also, a RiverView West condo is listed for $2.25 million and a Glencoe home sells for less than its 2005 price.
Hovnanian-Blackstone venture plans 45 homes in Winfield
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.
Former Wal-Mart exec lists Lake Forest manse
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.
Local new-home sales jump 19 percent in first quarter
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…
Chicago home prices fall for 6th straight month
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.
United CEO buys condo in Trump Tower
A company formed by Jeff Smisek paid $2.38 million for a two-bedroom unit on the building's 34th floor.
Investor buys two Ritz condos
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.
As new homes go up, supply of empty lots goes down
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.
Cision CEO buys Lincoln Park row home
Also, a new Hewlett-Packard exec lists in Winnetka, an Abbott exec buys in Lake Forest and Koenig & Strey opens a Skokie sales office.
Gold Coast condo under contract for more than 2006 price
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…
