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Loop Condo Building Going All Out to Sell Out

There’s a luxury condo building in the Loop, called 200 North Dearborn, that’s recently been FHA approved. If that’s not attractive enough, how about this: The developer has slashed unit prices by 40 percent.
The 47-story tower was constructed as apartments in 1989, then recently developed into condos by developer American Invsco. Located at Lake and [...]

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‘Til The Midnight Hour: 565 W. Quincy to Accomodate Tax Credit Buyers up to the Last Minute

The two-day Midnight Tax Dash event at 565 W. Quincy, April 29-30, will feature midnight sales center hours, pizza and plenty of Red Bull Energy Drink to help last-minute homebuyers complete their purchases in order to be eligible for the Federal Housing Tax Credit.

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Scheming Developers Indicted After Costing Chicago Bank $56 Million

Two developers who wanted to convert two East Loop office buildings into condominiums have been federally charged with bank fraud after falsely representing dollar amounts to the bank and spending some of the loan money on themselves.
According to the FBI, Romel Esmail, 50, and Bassam Haj Yousif, 42, took out loans from 1999 to 2003 [...]

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Double Condo for Sale on Lake Shore Drive

Publishing heiress Linda Johnson Rice has listed her Gold Coast condo for $2.9 million.
Located on the 35th floor at 1040 N. Lake Shore Drive, the 5,393-square-foot home is a double unit and has four bedrooms, six bathrooms, balconies and a fireplace. A den with custom paneling delivers beautiful views of Lake Michigan.
Johnson Rice, 52, is [...]

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 [...]