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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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Voice of the Bulls sells Naperville home

Bulls radio announcer Steven Kashul has scored a home sale.  Kashul and his wife, Cynthia, sold their 3-bedroom, 2.5-bath Naperville home for $475,000 on Dec. 17.
The Kashuls bought the property for $387,000 in 2004. The 2,049-square-foot house was built in 1956 in the Heritage Woods neighborhood. It is a ranch-style house that includes a full-size [...]

Ex-Bull Re-lists Northfield Home

Charlotte Bobcats and former Chicago Bulls center Tyson Chandler has put his Northfield mansion back on the market.
Chandler joined the Bulls in 2001 and bought the 20-room home in 2006, just weeks before being traded to the New Orleans Hornets. He tried to sell the mansion in 2007 for $4.9 million, then later cut his [...]

Cabinets at Danada Hosts Green Kitchen Seminar in Geneva

Thinking about green-lighting a new kitchen in your home? Think green, as in cabinets, countertops and appliances that implement renewable resources, energy efficient amenities and other ecologically friendly elements—without busting your budget. That’s the theme of “Green Gadgets and Gizmos,” a special seminar to be hosted by Cabinets at Danada Studio West in Geneva on [...]

Northwestern Football Coach Moving to Northfield

Northwestern University head football coach Pat Fitzgerald has purchased a six-bedroom mansion in Northfield for $2.3 million.
Situated on just over an acre of Chicago real estate, the 10,000-square-foot home includes six full baths, two half baths, six fireplaces, a first-floor suite, a four-car garage and a detached barn. The residence was first listed in 2007 [...]

Former Bears QB Thrown Another Chicago Loss

Quarterback Rex Grossman has sold his condo in Chicago’s Trump International Hotel & Tower for $2 million, a close to $700,00 loss for the former Chicago Bear.
It’s a major loss for Grossman, who bought the 36th-floor condominium unit in 2008 for $2.681 million. Less than a year later, the Bears dropped Grossman. After signing with [...]