I’ll be on vacation on the beach in the Caribbean this week, so there won’t be any new posts. Please try and behave yourselves while I’m away. I don’t know about you, but it seems really quiet this spring. There simply isn’t much inventory coming on the market outside of million dollar luxury units. Anything […]
Remember all those apartments they’ve been building downtown? We’ve chattered several times about whether or not they could be absorbed, especially at the record high rents most of the buildings were commanding. Well, apparently, we were worried for no reason as much of the new inventory that came on the market last year, appears to […]
The Illinois Association of Realtors is out with the January home sales data. It was the largest home sales decline in 3 years. The city of Chicago saw year-over-year home sales decline 10.2 percent in January 2018 with 1,414 sales, compared to 1,574 in January 2017. The median price of a home in the city […]
Artist’s rendering of a new high-rise development proposed in River North at the site of the current parking lot for Holy Name Cathedral. | Image courtesy of Hartshorne Plunkard Architecture per the Sun-Times 2018 is starting off with a bang as far as new high rise condos as plans for two super towers were reported on […]
The Illinois Association of Realtors (which has a new website for 2018 – exciting) is finally out with the December 2017 sales numbers: The city of Chicago saw a 1.7 percent year-over-year home sales increase in December 2017 with 2,008 sales, up from 1,974 in December 2016. Year-end home sales totaled 28,621, a 1.8 percent […]
During 2017, we chattered extensively about the number of new rental high rises going up downtown. But new apartments were also being built in mid-rise buildings throughout the city. Some neighborhoods welcomed the investments, but others, like Logan Square, actually protested the construction of these expensive, luxury apartments. And now, despite reassurance from developers that […]
Construction continues on luxury housing in Chicago, with several new luxury condominium buildings announced last year. There are so many, I can’t even keep up with them while they are under construction. Curbed recently put together a nice list of 47 buildings over 100 feet that are under construction in Chicago (these are not all […]
Decision day is fast approaching as to where Amazon will build its second headquarters. If you recall, 238 cities sent in proposals. The decision is expected in early 2018 as Amazon’s Seattle headquarters is bursting at the seams. It appears they are looking to start construction at the new location ASAP. Amazon will spend $5 billion to […]