(CoStar Group photo) The longtime headquarters of Amalgamated Bank of Chicago on State Street has been sold for $35 million. The new owners are a joint venture between Tishman Realty Corporation and AXA Real Estate. Those firms plan to transform the buildings into 73,700 square-feet of retail and office space. Despite the sale, Read more
A recent Consumer Reports survey of 330 real estate professionals painted a clear picture on what can be done to ensure you receive top dollar when deciding to sell your home. With the busy spring selling season here, let's see what the survey says. First, you will want to leave yourself plenty of time to Read more
Real estate data firm Zillow has released an illuminating new book called “Zillow Talk: The New Rules of Real Estate." In the book, Zillow Chief Economist Stan Humphries and Chief Executive Spencer Rascoff analyze the firm's massive data piles to come up with new conclusions on how best to sell a home. The Chicago Tribune Read more
Northridge Commons was recently sold for at least $70 million. Crain's Chicago Business recently reported on the rapidly growing demand for retail properties in Chicago and in other urban areas. The reason? It's largely attributed to the recovery of the retail market, great recent returns on shopping centers and the fact new supply Read more
Here is a rare opportunity to own a corner unit in one of the best condominium complexes in Chicago. This three-bedroom, two bath condo was put on the market just over a week ago with a list price of $599,900. 1250 S. Michigan Ave. #2505 High-quality living abounds for residents of this stunning Read more
OneEleven Apartment Building A new Chicago real estate record was set last week when the 60-story OneEleven apartment building in the downtown Loop sold for $328.2 million. The Wall St. Journal noted the the price equates to $651,000 per unit, which makes it the highest-price ever paid for an apartment building of more Read more
The number of homes sold in November were down and the median price was up in both Chicago and throughout Illinois in November, according to the latest report from the Illinois Association of Realtors. In the nine-county Chicago metropolitan area, there were 7,090 homes sold in November. That's down 8.8 percent from November 2013 when 7,777 Read more
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
Chicagomag.com recently looked at what it called the “alarming” trend of residences being bought and sold at the Jackson Towers in Chicago's Hyde Park. The issue? The wide discrepancy in price the units are selling for. As the article notes, six weeks ago Jackson Towers had its most expensive sale ever—a 5,230 square-foot duplex that Read more
Home sales in Chicago were down in October and that trend is likely to continue through the remainder of the year, according to an analysis of the local real estate market by ChicagoNow. Last month in Chicago real estate, total home sales dipped by 6.4% as compared to October 2013. Even with the slowdown, the Read more