Crib Chatter

  The highly anticipated opening of Trump Tower Chicago will finally happen in 2008. The hotel is scheduled to open this spring (if they can get finally figure out those recent permit problems.)  The hotel/condos are also expected to close starting this spring.  The condos in the top of the Tower aren’t scheduled to close until 2009. Excitement […]

“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 […]

The #1 high rise building for foreclosures in Chicago continues to live up to its name.  Foreclosures and attempted short sales are just crushing condo values in the The Sterling at 345 N. LaSalle. Case in point:  I currently count seven “01” tier 2 bedroom, 2 baths on the market.  These are 1160 square feet and are on […]

Something is going on at 30 W. Erie, the new mid-rise building at the corner of Erie and Dearborn in River North. The building only has 20 units (with only two per floor) and has been marketed for several years.  Prices started around $1.2 million for 2200 square feet. The building was completed earlier this […]

It takes some guts to talk about building yet another new condo tower in downtown Chicago in this market. According to Crain’s, some developers think the market will rebound quickly.  The new tower would be done by Belgravia Group (same developer at 600 N. Lake Shore Drive) and would be 50 condos in a 15 […]

  Thanks to the tipster who pointed me towards the real estate investment firm  Exclusive Equity Partners LLC, which is promoting Trump Tower Chicago units on its website at “below developer’s prices.”  Exclusive Equity Partners appears to be a real estate investment company.  From their website: EEP Exclusive Equity Partners, LLC is a leading real estate wholesale […]

It seems like nearly every 2 bedroom, 2 bath condo in a prime area of the city has gone over the $400,000 price level.  But if you look around and are patient, you can even find an authentic brick loft in River North for under $400,000. And this one comes with parking included. 300 W. […]

  At least The Donald tells it like it is: “The market in Chicago is dead as a doornail right now, as is the rest of the country, other than Manhattan or Palm Beach, Fla.,” Trump said, blaming the nationwide credit crunch. “But that will change. A lot of good things could happen in Chicago’s […]

What is it about Millennium Centre anyway?  Not only is it in the top three of condo buildings for foreclosures, but it is winning the unfortunate title of having the most expensive units under foreclosure. There was a million dollar foreclosure a few weeks back. This new one is even pricier: 33 W. Ontario Unit […]

The Donald and his condo buildings are featured in an article in Friday’s Wall Street Journal called “Stalled Condo Projects Tarnish Trump’s Name.”  You would think the Chicago project wouldn’t be included in the article, as Trump Tower Chicago, slated to open the hotel portion of the building in only a few weeks, is rising triumphantly […]