Alex Nakonechny of SmartTech Homes and investor Rogelio Llamedo drop town home plan for property that has sat fallow since they bought it in 2005.
Sales of Chicago-area homes kept rolling in March, marking 21 straight months of year-over-year sales gains.
Seven of the county's 10 largest are in northwest suburbs including Barrington, Barrington Hills and Inverness, according to the assessor. See a photo gallery.
Also, a Hinsdale house sells for $1.2 million and @properties opens another north suburban office.
A venture of Foxford Construction and Kilkee Builders plans three- and four-bedroom units at Green Street and Jackson Boulevard.
Also, a Bucktown home sells for almost $2.28 million and retired White Sox player Frank Thomas lists in Libertyville.
Chicago ranks 46th in a survey of investment returns in 180 U.S. metropolitan areas, but fourth in the 10 biggest.
Also, an ex-Blackhawk sells in Hinsdale, and a Glencoe home fetches almost $1.28 million.
But the state still had the nation's third-highest foreclosure rate, a new RealtyTrac report shows.
JRG Capital plans as many as 69 units, its first condo development since the crash.
Also, a Mayer Brown partner buys in Winnetka and a Long Grove home sells for $1.8 million.
Less than a year after starting boutique conversion, Louis D'Angelo sells five-unit development to LG.
Also, a bank-owned Burr Ridge mansion fetches about $1.4 million and a Lake Forest home is listed for $2.05 million.
Home prices in the Chicago area edged higher in February from a year earlier, but not as much as they did in other big U.S. cities.
Also, a lawyer on leave from Kirkland & Ellis sold his Lincoln Park home, and a new Wilmette home fetches almost $1.68 million.
A venture of Noah Properties LLC is building the three- and four-bedroom units on a formerly bank-owned parking lot on Ashland near Grace.
The number of Illinois homes in some stage of foreclosure rose at a much higher pace than the rest of the country in the first quarter, according to RealtyTrac.
Homebuilders who used to assemble lots to make a larger site are now putting together condos, especially in neighborhoods where development opportunities are scarce.
Also, the new president of Diners Club International paid $1.42 million for a home in Winnetka, while McDonald's Corp.'s director of innovation has bought in Glenview.
The index for local single-family houses was down 0.9 percent in January compared with December, according to S&P/Case-Shiller data.