Local News

Real estate news in Chicagoland

How codes hold back housing
How codes hold back housing

Building codes and permits are often cited by builders as a key driver of costs that get passed onto the consumer in the form of higher rents or purchase prices. Labor, land and materials continue to be the biggest factors...

Agent X: Can we talk about summer yet?
Agent X: Can we talk about summer yet?

I feel like I’ve been blathering on about spring in this column for about three months. I just flipped my clock forward, and I managed to walk to the corner store with only 4 layers, so maybe it’s finally happening?...

10 new developments creating buzz around Chicagoland
10 new developments creating buzz around Chicagoland

Eveq West Loop A five-story condo building is in development at 14 N. Bishop St. in the West Loop. The building will feature ground-floor retail and parking alongside 32 for-sale condominiums available in three- and four-bedroom options with a starting...

What developers want agents to know about new construction
What developers want agents to know about new construction

We asked some of the smart people we know in the development and new construction industries what they thought about the state of the industry, the influence of amenities and technology and what agents can do to make new-construction deals...

Overheard at the Accelerate Summit
Overheard at the Accelerate Summit

Chicago Agent magazine’s Accelerate Summit, held at the Merchandise Mart March 5, offered a great deal in terms of networking, knowledge and information sharing. But some of the biggest takeaways came from the wise and witty panelists who brought the...

Runoff election poses big questions for real estate
Runoff election poses big questions for real estate

For Chicago’s business community, the first mayoral election’s results may have prompted some emergency strategy meetings the next morning. Industry estate groups including the Chicago Association of Realtors are already mapping out plans for working in a notably different political environment.

This week in Chicagoland real estate: One Chicago Square, Woodlawn and more
This week in Chicagoland real estate: One Chicago Square, Woodlawn and more

76-story River North tower gets green light One Chicago Square, a huge mixed-use tower with retail and residential components has both a new partner and funding to start construction. JDL Development had been partnering with Sterling Bay on the 76-story...

Lack of down payment savings and debt thin ranks of would-be homebuyers
Lack of down payment savings and debt thin ranks of would-be homebuyers

It’s well known that many Americans are delaying or opting out of homeownership. A new study by Country Financial points to what could be the biggest reason: Difficulty coming up with a down payment. Forty-six percent of millennials and forty...

Chase’s chief economist on why he’s bullish on Chicago real estate
Chase’s chief economist on why he’s bullish on Chicago real estate

American homeowners have a vested interest in the U.S. economy, and by association, so do real estate agents. The size and scope of the housing market, itself just one piece of the world’s largest economy, makes this a difficult subject...

High-end rental brokerage enters the condo fray with new sales division
High-end rental brokerage enters the condo fray with new sales division

Luxury Living Chicago Realty, a high-end rental brokerage, is moving into sales. The company’s book of leasing business includes the 449-unit River City complex in the South Loop, one of the largest in a flurry of buildings recently deconverted from...

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