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Stark South Loop Skyscraper Moves Into Foreclosure

Remember that infamous TV show in 1986 when Geraldo Rivera opened Al Capone’s vault, only to find nothing? That Chicago site is once again in the news for being empty.
For almost 100 years, the property, near Michigan Ave. and Cermak Rd., was the former site of the Lexington Hotel, the place where Chicago gangster [...]

Streeterville Condos Reduced 30 Percent

Only 15 condominium units remain for sale at 550 St. Clair in Streeterville, where prices have been reduced for final closeout.
The 26-story, 112-unit glass tower is located on the southwest corner of St. Clair and Ohio Streets, just off the Magnificent Mile, a short walk from Navy Pier and three blocks from Lake Michigan.
Most of [...]

Skokie Development Tops List of Best Small Homes

Builder Magazine has listed the top 10 best-selling communities of small homes across the country, and the No. 1 pick happens to be in the Chicago area. And, if you drive on the Edens expressway, chances are you’ve seen it.
With the shift in the real estate and job markets, more developers and builders are leaning [...]

Billy Corgan Has Smashed Condo Price

Smashing Pumpkins lead singer Billy Corgan has smashed the asking price of his Gold Coast condo.
Corgan purchased the full-floor unit, located at 20 E. Burton Place in Chicago, for $2.95 million in 2002. He first listed the vintage, 6-room condo in 2008 for $5.5 million, reduced the asking price to $4.35 million in April 2009 [...]

50 Sales in Four Weeks: Buyers Respond to Price Cuts at 565 Quincy

Tax credit and low interest rates add to sense of urgency among buyers
Jodi and Ritchie Geoghan are the flip side of the housing downturn that has been agonizing for so many. After turning a nifty profit on a home they bought out of foreclosure just two years ago in Oceanside, Calif., the couple [...]