Chicago Illinois Real Estate Blog

A New Jersey-based insurer plans to move two local offices into roughly 17,000 square feet at 1 S. Wacker Drive, bucking the trend of West Loop office tenants renewing their leases.
A unit of Crum & Forster Holdings Corp. signed a 15-year direct lease for 17,198 square feet on the 13th floor of the 40-story tower [...]

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Ramel Ortanez and Louise Yuen bought a three-bedroom, 2.5-bath home at 6449 N. Tahoma Ave. in Edgebrook from Dolores and William Welch for $418,000 on Nov. 6.
The 1,508-square-foot house was built in 1958.
Ortanez is a server operations analyst at Mayer Brown LLP, a law firm based in Chicago. Previously, he was an NT administrator with [...]

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Bridgeview Bank Group has filed to foreclose on Brittwood Creek, an exclusive 56-acre development of posh single-family homes in Oak Brook by longtime suburban homebuilder Callaghan Associates Inc., another reminder of the nearly dormant market for new high-priced homes.
After paying $21.3 million for the site in late 2006, a Callaghan-controlled venture has apparently sold just [...]

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Sireesha Gudur and Nagendra Pasupula bought a four-bedroom, 3.5-bath home at 27734 Palm Springs Lane in Unincorporated Aurora from Lei Pan and Jihong Sun for $390,000 on Oct. 22.
Pan and Sun bought the property for $266,000 in Oct. 2000. The 2,392-square-foot house was built in 2000.
Gudur is an application development consultant at Coventry Health Care [...]

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How bad is the local housing market?
So bad that even the Home Builders Assn. of Greater Chicago has filed for bankruptcy protection.
Unable to pay its bills, the Rolling Meadows trade group filed for Chapter 11 protection Friday, nearly four years into a severe industry slump that has put many its members out of business.
The Home [...]

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Alexis and Mathieu Chardon bought a two-bath home at 1454 W. Melrose St. in Lake View from Brian and Joyce Michel for $650,000 on Oct. 23.
The 2,156-square-foot home was built in 1890.
Ms. Chardon is an associate at the Chicago office of the law firm Eimer Stahl Klevorn & Solberg LLP.
She received her B.A. in English [...]

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Could the foreclosure plague be ending?
Foreclosure filings were down 3% in October, the third consecutive month-over-month dip, according to RealtyTrac, the online seller of foreclosed homes.
To be sure, foreclosure rates are still elevated from a year ago: They’re up 18% compared with October 2008. But the month-over-month decrease followed a 4% drop in filings during [...]

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Christopher M. Heintskill has listed for sale a two-bedroom, two-bath condo at 3042 N. Kenmore Ave. in Lake View for $475,000.
Heintskill paid $465,000 for Unit #3S in Aug. 2004. It is one of six condos in the development at 3042 N. Kenmore Ave. Jeff Lowe of Prudential Rubloff is the agent for the listing.
Heintskill is [...]

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Walter Cupkovic and Sheri Simon-Cupkovic have listed for sale a four-bedroom, 3.5-bath home at 1253 W. Wellington Ave. in Lake View for $1,249,900.
The 3,149-square-foot house was built in 1989. Patrick Kosnick @properties is the listing agent.
Mr. Cupkovic is a partner in the Chicago office of Thompson Coburn LLP, where he is also co-chair of the [...]

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Christos Komissopoulos bought a three-bedroom, 3.5-bath condo at 2024 N. Racine Ave. in Lincoln Park from Steven and Holly Cortes for $612,000 on Oct. 20.
The Corteses bought Unit #E for $519,000 in Dec. 2002. The 2,600-square-foot condo is part of the Camden Passage development.
Komissopoulos is an adjunct faculty member at the Chicago-Kent College of Law [...]

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