Real Estate Blog

The highly anticipated opening of the Trump Tower hotel happened yesterday. The 92story Trump International Hotel &Tower was scheduled to open it’s doors to the public last month. The media really overplayed the delay, bashing Mr. Trump and the pompous project.
I think it’s great that the man kept us guessing, whether […]

Today, the city’s finance committee is meeting at City Hall to hold a press conference discussing a proposed increase on the city’s real estate transfer tax. A proposed 40% increase will take effect after February 6th, if the votes are favorable. In real numbers, the transfer tax will increase from $4.50 […]

Inventory is rising, sellers are running out of incentives and buyers are walking away from closings because of financing trouble. We are currently experiencing the effects of a free falling real estate market and one of the solutions for both sellers and buyers could be the “Rent to Own” option. Hardly used in Chicago’s real […]

The construction work at The Chicago Spire tower has begun already. The new building that will change the Chicago skyline forever is located at 420 E North Water St. On the same note, we have learned that the sales center will be opening in the last week in September.
 

Roosevelt University will start offering a master’s degree in Real Estate at their Walter E. Heller College of Business. This program applies to women only at this time and is designed to help advance the careers of women in commercial real estate. The new program provides a stipend or scholarship, career counseling and placement assistance, […]

Chicago home sales fell 19.8% from the same time period last year according to a report released this week. In Illinois the median home price in June was $215,000, up 1.1% from June 2006. The data is generated from a survey of the MLS and includes existing as well as new properties. Nationwide the existing […]

The Chicago Real Estate market is always looking for great and powerful investors and who could really fit this description better than Carlos Slim, recently named the Richest Man in The World. Reading his biography and learned how he was able to build his empire, I think Mr. Slim would be the perfect real estate […]

Have you ever wondered, before you moved into a new area, if there are any gangs in the vicinity and what their territories are? I know I did, before I moved into my new Bucktown loft four years ago, I did my research and checked to see the gangs and their crews in my area.
I […]

YOU’VE FOUND YOUR DREAM CONDO, and you’re ready to relax among the mango trees and swaying date palms. Hold everything. To keep from getting stuck with a lemon, you’ve got to do some homework. Here are the seven most important questions you need to ask before buying a condo.
1. “What’s the beef?”
Take a look at […]

And yes, it will be in Chicago
The city’s planning board has endorsed a proposal for a twisting lakefront tower that would become the nation’s tallest building.
With Thursday’s approval from the Chicago Plan Commission, the design and site plan for the 2,000-foot Chicago Spire goes to the city zoning committee next week.
“This is a […]

CHICAGO — Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial.
Various strategies can be used on the road to real estate wealth. In […]