Archive for the 'Auctions' Category
Auction Alert: 30 Condos Going Under the Gavel at 1400 N. Lake Shore Drive in the Gold Coast
RDM Development, the developer of 1400 N. Lake Shore Drive has announced an auction of 30 units on April 25 at the Doubletree Hotel at 300 E. Ohio in Streeterville. The building is a vintage apartment to condo conversion which started selling units in 2006. In a press release, RDM Development said it was holding the […]
1400 S. Michigan in the South Loop to Auction Off Remaining Units on November 15
For the second time this year, a South Loop new construction high rise is going to use an auction to sell remaining units. 1400 S. Michigan, or Michigan Avenue Tower II, expects to auction 40 out of the remaining 97 units available in the 257 unit building on November 15. This is a tactic that was used by the […]
Auction Alert: Loop Penthouses and Parking Spots: 8 W. Monroe
You might have seen the ad in the Tribune the last few weeks for the Rick Levin & Associate auction of 2 penthouse units and 20 parking spots at 8 W. Monroe, The Metropolis, in the Loop. The 2 penthouses have private terraces. The space is unfinished however- without the drywall. So a buyer can fully customize the […]
Weekend Auction of 8 Luxury Homes in Old Irving Park and Edgebrook Glen
CA Development, which have developments in Old Irving Park and Edgebrook Glen, is apparently going to auction 8 new construction single family homes this weekend on Sunday, April 26. According to the company’s website, the 8 homes that are going to auction were priced “as high as” $1.15 million and are “guaranteed” to be sold. Minimum bids will start […]
Market Conditions: Crain’s Reports on Vetro Auction
Crain’s has coverage of the Vetro auction with some interesting quotes on topics we’ve been chattering about here the last several days. Sales totaled $12.1 million. It appears, that other highrises may be following the Vetro’s lead: Lenders on other slow-moving downtown condo projects also are considering forcing developers to hold auctions, said Garry Benson, […]
Is the Vetro Auction Really a “Deal”? Look at 1255 S. State
The auction of 40 units at The Vetro, at 611 S. Wells, in the South Loop in early March is “big” news in the real estate world. The auction is being advertised all over the Chicago Tribune as well as such upscale newspapers like the Wall Street Journal. Even The Vetro itself is getting into the act. […]
More eBay Sales: The Sterling and 17 N. Loomis
“Me” pointed out in the last post on The Sterling that Unit #1902 is for sale on eBay. Auction for Unit #1902 [eBay] Unit #1902: 1 bedroom, 1 bath, 725 square feet Listing says “appraised value” is $295,000 Last sold in February 2002 for $253,000 Current “bid” is $140,000 Auction ends on January 6, 2008 The […]