Chicago Illinois Real Estate Blog

A Chicago-based investment group bought the 72-acre One Imeson Center in North Jacksonville for almost $16.3 million and intends to invest about $2.5 million into upgrades to capitalize on port and shipping logistics.
GIV Imeson LLC, based in Chicago, bought the 1 Imeson Park Blvd. property in mid-December from Jacksonville Holdings Inc., which consists of a [...]

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Foreign buyers are helping to stoke home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida.
For the 12 months ending in March, 31% of Florida’s home sales were to foreign buyers, up from 10% in 2007, according to a survey by the National Association of Realtors.
In Arizona, 6% [...]

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The company has been working to pare down its debt, increase its leasing activity and boost sales as it transitions from a survival mode to competitor in the U.S. mall sector. The Chicago-based company is the second-largest U.S. mall operator after Simon Property Group Inc (SPG.N).
General Growth on Tuesday reported first-quarter core funds from operations [...]

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In suburban Chicago, it’s paradise to be a homebuyer.
At the Millbrook Pointe development in quaint and pristine Wheeling, a $269,000, brick-and-stone townhouse comes with $25,000 in free upgrades, including wood-burning fireplaces, all-stainless steel kitchens and marbled bathrooms tricked out with double-bowl vanities and whirlpool soaker tubs.
Down the highway at the Patriot Place golf course villas [...]

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The president has three plans on the table.  Which one is going to fix the mess we’re in?
The Obama administration had scarcely released its plan to fix Fannie Mae and Freddie Mac before howls of protests arose from members of Congress, consumer advocates, and community bankers, all screaming that this is an about-face from a [...]

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Reports from the twelve Federal Reserve Districts indicated overall economic activity continued to expand at a modest to moderate pace in January and early February according to the latest Beige Book released by the Federal Reserve.
Overall real estate sales and construction remained at low levels across all districts with Richmond, Atlanta, and Chicago Districts reporting [...]

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The number of Americans signing contracts to buy previously owned homes fell in January, a sign the industry that triggered the recession was struggling at the start of 2011.
The index of pending home resales dropped 2.8 percent after a revised 3.2 percent decrease the prior month that was initially reported as a gain, figures from [...]

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Pending home sales continued to grow in December and achieved their fifth gain in the past six months, the National Association of Realtors reported Thursday.
The index was up 2 percent to 93.7 based on contracts signed by homebuyers last month. That was up from 91.9 in November but it was still 4.2 percent below the [...]

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Indianapolis’ recovering commercial real estate markets are poised to continue their comeback in 2011.
Cassidy Turley, the largest commercial brokerage in Indianapolis, releases its annual "state of real estate" report today that brushes a sheen of optimism on the office, industrial and retail markets.
After commercial real estate markets tanked in 2009, they partially bounced back last [...]

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The Chicago Cubs may have made their final decision on who is going to be their next manager. According to Will Carrol, the Chicago Cubs have decided to remove the interim label from Mike Quade and name him the manager of the Chicago Cubs.
Since Quade replaced Lou Piniella and managed the Cubs to a 24-13 [...]

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