Who doesn’t like a good loft? Did you ever notice that in the movies and on tv shows the sophisticated characters always live in neat bi-level lofts with spiral staircases? You can find that in many parts of Chicago. And you don’t necessarily have to be in Printers Row, the West Loop or Bucktown to find some […]
What incentives have you seen developers giving out to move their product? It used to be upgraded granite and kitchen cabinets. But apparently that isn’t enough anymore as granite and nicer cabinets have become “standard” finishes. Here is one agent trying to sell a garden unit in Lincoln Square on Craigslist and giving out a 5 day, […]
You can tell a lot about the state of the Chicago highrise market by the buildings that are currently closing on units downtown. Most of those closing now were sold three to four years ago- at the peak of the “boom” and when investors were most active in the market. Several analysts of the Chicago market […]
Many of the luxury hotels have apartments that are available for weekly or monthly stays (for celebrities and CEOs etc.) The famous Drake Hotel at 140 E. Walton on Lake Shore Drive is no different. They currently have a 4 bedroom, 4 bath unit available for $20,000 a month. Here is the listing: Live Graciously […]
I went to Six North Michigan expecting to see the same ole product that is in many of these office building conversions (such as Metropolitan Tower, 888 S. Michigan etc.). I especially expected it with this conversion, given its iffy history. The building was originally marketed back in 2004 and anyone who went to […]
As I’ve talked about before, it’s apparently become common to try and list your investment unit for re-sale in new construction buildings in Chicago about three months or so before the closing. We’ve seen this happening in several new construction buildings in Streeterville. But this investor in Burnham Pointe, at 730 S. Clark in the South Loop/Printers Row […]
The pictures above don’t do the units justice. The Montgomery, at 500 W. Superior in River North, is more than just the building that houses Japonais and now Brassiere Ruhlmann Steakhouse, a french inspired steakhouse. The old Montgomery Wards headquarters, originally constructed in 1972 by architect Minoru Yamasaki, who designed the World Trade Center, was converted […]
The “investors” are alive and well in Printers Corner, at 170 W. Polk (on the corner of Polk and Wells) in the South Loop/Printers Row area. The 11 floor building is about to begin closings and already the investors are appearing on Craigslist to try and re-sell or rent out units. Rentals are appearing […]
The Illinois Association of Realtors just released the September numbers. Sales were down statewide and also for the Chicagoland area. From the press release: The median home price for the Chicagoland Primary Metropolitan Statistical Area (PMSA) was $257,500 in September, up 5.1 percent from $245,000 in September 2006. The average home sale price for Chicagoland […]