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Chicago Real Estate Magnate Buying Luxury Hotel

Chicago real estate‘s most successful investor has agreed to purchase a Gold Coast hotel for about $95 million. Sam Zell has secured a deal to buy the independent Elysian Hotel with plans to turn it into a Hilton chain brand, according to Crain’s Business. The price tag for the 188-room hotel comes out to about [...]

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Chicago New Homes On Display for Brokers

Chicago real estate brokers: This one’s for you. A new condo building in the city is hosting an open house for brokers on Thursday, complete with appetizers and drinks. CA23 is a luxury condo building located at 23 N. Aberdeen, between Madison and Washington in Chicago’s West Loop. The building offers three-bedroom, three-bath units in [...]

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Prices Slashed at Chicago Real Estate Development

A Chicago real estate developer is offering new condos and town homes at up to half off their original price tags. Holsten Real Estate Development Corp. has cut the prices on the remaining 27 market-rate and two affordable homes at Parkside of Old Town, a mixed-use development on West Division Street in Chicago. Parkside of [...]

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Own Your Own Claim to Fame as a Chicago Tenant of a Rock Star

Want to live in Billy Corgan’s Chicago home? If you don’t want to buy it for $3.55 million, now you can rent it for $10,000 a month. The Smashing Pumpkins front man bought the Gold Coast condo, 1500 N. Astor Place, in March 2002 for $2.92 million. He first listed the vintage unit for sale [...]

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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 [...]