Chicago Illinois Real Estate Blog

Scott J. Kofkin and Sandra R. Kofkin have listed for sale a four-bedroom, 3.1-bath home at 465 Parkchester Road in Buffalo Grove for $445,500.
David Schwabe of RE/MAX Unlimited Northwest is the agent for the listing. The 3,216-square-foot home was built in 1991 in the Parkchester subdivision.
Mr. Kofkin is a partner at Kofkin, Springer, Scheinbaum & [...]

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Bruce Miller of Jones Lang LaSalle will kick things off at the 8th Annual Commercial Real Estate Forecast Conference with an entertaining and informative 20-minute overview on the state of global, national and local commercial real estate capital markets and what is going to take to turn it around.
Miller is one of more than 50 [...]

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Local bar and grill chain Boston Blackies is seeking Chapter 11 bankruptcy protection from creditors after an ambitious expansion plan that was fried by the recession.
Boston Blackies Management Co., which has eight locations in the Chicago area, list debts of $6.4 million against assets of about $17,000, according to a petition filed Nov. 24 in [...]

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Chicago developer Mark Hunt is facing yet another foreclosure lawsuit — this time by a local development group that’s pushing to take control of the former Lincoln Park Hospital property.
A venture led by Michael Supera and Richard Zisook sued Mr. Hunt’s venture that owns the three-acre site at 550 W. Webster Ave. The foreclosure suit [...]

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Mayor Daley, defending the President of the Chicago Board of Education by saying it’s a, "same comment for journalism," when it was reported that Michael Scott is involved in a real estate project that could make him money if the city wins the Olympic bid.
Mayor Daley did not mince words when asked if the negative [...]

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Chas and Vera Gavrilovich have listed for sale a three-bedroom, two-bath home at 7S533 Plainfield Road in Unincorporated Naperville Township for $499,993.
The Gavriloviches acquired the property in Jan. 2005. The 2,046-square-foot house was built in 1954 in the Hobson West neighborhood. Mike McCurry of RE/MAX Elite is the listing agent for the home.
Mr. Gavrilovich is [...]

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After 13 years of failed redevelopment efforts, the United States Postal Service is giving up and auctioning off its largest vacant property: the hulking 2.7-million-square-foot old central post office here.
The suggested opening bid for the auction is $300,000, which is less than an individual condominium goes for in many of the surrounding downtown buildings.
The building [...]

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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 [...]

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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 [...]

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How does a Chicago Real Estate Auction Work?
In times of many Chicago foreclosures the ceased Chicago properties will in turn go up for auction . Each Chicago property auction has its specific qualities such as pricing accuracy and time required for preparing and conducting the auction. The number of simultaneous bidders is of critical importance. [...]

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