Chicago Illinois Real Estate Blog

Financing for medical office properties is widely available, even as other commercial real estate categories scurry to find new loans or to refinance older debt.
That’s what Healthcare Real estate Insights, a six-year-old industry newsletter, is reporting.
The Minneapolis, MN-based publication says recent deals have included $250 million in new debt and $30 million in new equity [...]

[Read more →]

Leonard and Arlene Rosenberg sold a five-bedroom, 4.5-bath home at 235 Mary St. in Glencoe to Kara and Jonathan Herbst for $1.3 million on June 29.
The Rosenbergs bought the property for $1.375 million in July 2002. The 4,324-square-foot house was built in 1995 in the neighborhood of East Glencoe.
Mr. Rosenberg is a partner in [...]

[Read more →]

There were 7,140 homes sold in Chicago in June compared to 5,674 sold in May. That is an increase of 25.8 percent. However, it’s not all good news. In June of last year  7,806 homes were sold in Chicago. That is a year-on-year decrease of 8.5 percent.
Median home prices in Chicagoland were up 5.0 percent [...]

[Read more →]

Thomas J. Fedick has listed for sale a five-bedroom, five-bath home at 1031 Sheridan Road in Evanston for $1.585 million.
The 5,700-square-foot house was built in 1895 in the Southeast Evanston neighborhood. The listing agents for the property are Scott and Mike Berg of Berg Properties.
Mr. Fedick is an attorney at Harman and Fedick Ltd. He [...]

[Read more →]

Two leases were completed at 3815 S. Ashland Ave., Chicago. Green Textile LLC leased 8,800 square feet to meet their growing expansion into the Chicago market. Colin Green and Matt Rogatz, SIOR, of Chicago Industrial Real Estate LLC represented ownership, and Steve Aaronson of Camins Tomasz Kritt represented the tenant. In addition, Green and Rogatz [...]

[Read more →]

Thomas J. Wiegand has listed for sale a five-bedroom, 5.5-bath home at 530 Essex Road in Kenilworth for $3.25 million.
The 5,118-square-foot house was built in 2001 in the East Kenilworth neighborhood. Barbara Mawicke of Coldwell Banker is the listing agent for the home.
Wiegand is a partner and a litigation trial attorney at the law firm [...]

[Read more →]

The market for industrial real estate in the Chicago area continues to worsen, with demand depressed and vacancy rising, as the recession has manufacturers and shippers alike moving less product.
The vacancy rate for warehouse and manufacturing space climbed for a seventh consecutive quarter, reaching 11.7% in the second quarter. That’s up from 9.4% in the [...]

[Read more →]

A Dallas bank known for buying distressed loans is seeking to foreclose on an $8.2-million mortgage on a historic former hotel near Wrigley Field, where during the 1940s many Chicago Cubs lived during the baseball season.
Beal Bank alleges that a partnership led by veteran real estate investor Dennis Egidi failed to make loan payments to [...]

[Read more →]

Among the lesser known of the legal arts, real estate lawyers are not considered nearly as quickly as divorce lawyers, criminal defense attorneys or even personal injury lawyers. During many instances in a person’s life, he or she may consider hiring a lawyer for a variety of reasons. Buying a home or piece of land [...]

[Read more →]

Joel and Jacqueline Sestito sold a home at 4241 W. Peterson Ave. in Sauganash to David and Elizabeth Sellke for $430,000 on May 15.
The Sestitos paid $578,500 for the property in June 2006. The 1,994-square-foot house was built in 1991.
Mr. Sestito is an associate and partner at Riemer & Braunstein LLP. He focuses his practice [...]

[Read more →]