It's been well-documented how wealthy Chinese have been snatching up midrange and high-end properties in cities like New York and Los Angeles during the last few years, but a recent article points out they have now begun to focus on Chicago real estate. ChicagoMag delved into this trend recently and noted Chinese have increasingly turned Read more
The transformation of River North in Chicago continues. The former skid row, once home to prostitutes, drugs and abandoned warehouse buildings, is now being proclaimed as one of the hottest office real estate markets in the U.S. by Bloomberg news. According to Bloomberg, River North has gone from being rundown to featuring an array of Read more
Much is expected of Chicago's Bloomingdale Trail, the city's grand project to transform 2.7-miles of elevated rail line into a network of trails and parks. It's been especially true of real estate surrounding the project. Predictions were real estate values would rise as a result of the Bloomingdale Trail and that's exactly what's happening. The Read more
A rendering of the Bloomingdale Trail in West Town. It is scheduled to be completed next year. There are big things happening in Chicago's West Town. Developers are snatching up land at a quickened pace and real estate agents that serve the area are prepared for property values to increase. What Read more
Commercial real estate in Chicago is among the most environmentally-friendly in the country. According to the 2014 Green Building Adoption Index, 62.1 percent of commercial real estate in Chicago is certified as being “green.” Only Minneapolis and San Francisco ranked higher. The study was a joint venture between CBRE Group Inc. and Maastricht University. It Read more
300 N. LaSalle Street Chicago, Ill. A new record has been set in Chicago real estate. According to local reports, the 60-story tower located at 300 N. LaSalle St. has been purchased for $850 million by The Irvine Co. of Newport Beach, Ca. The real estate investment firm paid about $654 per square Read more