Chicago Illinois Real Estate Blog

Eleven years after the Chicago Housing Authority undertook a massive overhaul aimed at removing thousands of residents from crumbling, crime-ridden buildings, slightly more than half of those targeted for relocation are still living in the public housing system, according to a report released Thursday.
For the first time, the agency has made public its data on [...]

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Another read on home price came out Thursday, and it offers a glimmer of hope about Chicago-area home prices.
The good news? In February, local home values on single-family homes were relatively flat, down only 0.4 percent from a year earlier, according to data provider CoreLogic.
The bad news is that number doesn’t take into account the [...]

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An attorney from a Chicago law firm has purchased a condo in Sheridan Park.
Sara Siegall bought Unit 3N in the 4400 block of North Beacon St. in Uptown for $305,000 on Feb. 28.
The prior owners, Kimberly K. Daley and Christopher F. Daley, paid $375,000 for the property in September 2005. The building was constructed in [...]

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Nathan L. Stuart and Jessica M. Seck Stuart sold a two-bedroom, 1.5-bath condo at 1320 S. Federal St. in the South Loop to Matthew Gibbons for $335,000 on March 4.
The Stuarts paid $366,500 for the condo, Unit E, in Dec. 2005. The 1,600-square-foot condo is one of the 117 units in the Federal Square condo [...]

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Jones Lang LaSalle is marketing five performing loans made up of 16 properties, including retail, self-storage and hotels. The loans are offered by an unnamed collateralized debt obligation asset manager.
The notes included are a senior mortgage participation interest, three senior mortgages and one mezzanine loan. The properties are four malls and one retail center in [...]

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The site of Old Navy’s flagship State Street store in Chicago, which opened almost 13 years ago amid hype of a revival of the historic retail strip, has been sold to a New York real estate firm that’s making a high-priced bet that the street has arrived.
Georgetown Co., which developed the Frank Gehry-designed headquarters for [...]

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An attorney who operates his own law firm is asking nearly $1.4 million for his home in the southwest end of Lake Forest.
Per K. Hanson has listed his six-bedroom, five-bath home for $1.399 million. The 5,742-square-foot home was built in 1985 in the Old Elm States subdivision.
Hanson heads the law firm of Per K. Hanson [...]

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Wal-Mart Stores Inc. plans to open its first Walmart Express store on Chicago’s South Side.
The 10,000-square-foot store is set to open this summer in the Chatham Market on 83rd Street, said a source familiar with the plans.
Crain’s Real Estate Daily broke the story on Wednesday.
Chatham’s express store will be near a 150,000-square-foot Walmart Supercenter, which [...]

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Newcastle Limited has acquired 5343 N. Broadway, a 50,000 square foot retail property on 2.8 acres of land with 160 parking spaces in Chicago’s Edgewater neighborhood, for $8 million. The all-cash deal closed in 60 days. Newcastle purchased the property on behalf of the firm’s $500 million Chicago real estate investment platform. This is the [...]

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When it comes to commercial real estate, it’s not the Oscar or the Emmy that matters. It’s the TOBY. And this year, the TOBY goes to locally based USAA Real Estate Co.
The Chicago chapter of the Building Owners and Managers Association (BOMA) has awarded a TOBY (The Outstanding Building of the Year) award to the [...]

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