Inventory Intel

Newmark launches single-family rental group  

The move comes despite a slowdown in the single-family rental market. 

Taylor Morrison launches Yardly build-to-rent brand 

The brand will specialize in cottage-style homes with private backyards. 

Blackstone unit acquiring four Chicago apartment communities as part of $3.7 billion deal 

The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc. 

Surge in multifamily construction drives housing starts in August

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

RE/MAX: Home sales, prices decline in August

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Illinois hit hard with zombie foreclosures

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

CA6 West Loop has sold 35% pre-construction

CA6 West Loop condos from Chicago-based Belgravia group are already 35% sold.

New construction in Wrigleyville, Elmhurst condos to begin delivery and Webster Square nears closeout

A new transit-oriented development is coming to the Sheridan Red Line station, the DiCosola Group will start deliveries on One95 next week and @properties announces that only 11 residences remain at their new condominium building in Lincoln Park.

New programs for in-house art and developers of color, West Loop’s most expensive contract signing, and more

Aspire Residences and LISC Chicago roll out programs to change the way developments take shape, 1400 Monroe breaks a record, plus groundbreakings and openings across Chicagoland.

Apartments open in repurposed Y, Woodlawn groundbreaking attracts national names and more

An historic YMCA and YWCA building in West Loop has reopened as rentals; Pete Buttigieg, Martin Luther King III and Rev. Al Sharpton heaped praise on Greenlining Realty’s Woodlawn Pointe; Chicago gets it first multi-story mass timber project in more than 50 years — all that and more in our latest new-construction update.

1400 Monroe breaks ground, builders offer new buyer incentives

The seven-story luxury condominium building in the West Loop is finally on its way up, and The Jacobs Companies and M/I Homes announce new programs to bring more house hunters to their communities.

Superior House and Barrington townhomes ready; construction moves ahead for 1400 Monroe and Skokie condos

While COVID-19 has delayed some construction projects, many are moving ahead. Here’s the latest on construction in Chicagoland.

New plans for Chicago Spire site; Parkline Chicago opens to buyers

Luxury residential building Parkline Chicago will open up for sales next week and Related Midwest has submitted plans to develop 400 Lake Shore Drive to fill a hole in lakeshore development.

Groundbreaking for Triangle Square, 1400 Monroe; EVEQ tops off and more

JK Equities and Belgravia kick off construction phases in West Loop and East Bucktown, Porte is now pre-leasing, new model homes open in Hinsdale and more.

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