Chicago’s Sam Zell Acquires Three N.Y. Towers
Chicago real estate based Equity Residential and its chairman, Sam Zell, has signed a deal to buy three New York luxury apartment towers for a combined $475 million. Embattled real estate developer Harry Macklowe has sold two of the buildings — the Rivertower, a 38-story property, and 777 Sixth Ave., a 32-story tower — and [...]
Lead Paint Rule To Factor into 2010 Home Remodeling Projects
Thinking about a small to large remodeling project this year? According to the Spring 2010 U.S. Remodeling Sentiment Report, Americans are indicating a desire to tackle that pesky remodeling project in 2010. According the survey, there is a 13% increase in the number of homeowners who say they will remodel this year.
Remodelers, home improvement companies and [...]
New Waterfront Homes On the Chain O’ Lakes: Newport Cove
New American Homes is selling more than houses at Newport Cove, its waterfront development near Antioch on the Chain O’ Lakes. The company also is marketing a lifestyle. “Although buyers like the coastal-style architecture and custom details of our homes,“ said developer Susanne Tauke, “what really interests them is our [...]
The Next Decade in Housing Set For Paradigm Shift
Changing demographics, home values and soured perceptions of home ownership are clues to a major change the national real estate market according to experts at the Urban Land Institute. A study produced by John K. McIlwain, senior resident fellow of the Urban Land Institute (ULI) released Housing In America – The Next Decade, a forecast [...]
Property Tax Bills Set to Jump in Cook County For 2009 Tax Year
If you live in Cook County, you may have noticed an incremental increase in your real estate tax bill. The first installment of your real estate bill, for the first half of the 2009 tax year for Chicago real estate, has traditionally amounted to half the previous year’s total tax bill. The bill which was [...]
Chicago Homes Continue To Sell in December
Despite continued doom and gloom on jobs, the economy and real estate in general, Chicago real estate again is showing signs of life. For the sixth consecutive month, year over year sales have increase from the previous year’s month. In other words, 5,752 existing single-family homes and condos sold in December, a 33 percent increase [...]
