1Fifteen at Michigan Station, a $48.3 million mixed-use housing development, is set to transform a key corner in Chicago’s Roseland neighborhood, the city announced.

The top six floors of the 10-story building at 111 W. Illinois St. will be converted into 153 market-rate apartments. 

The local organization recognized the Realtors as future leaders of Chicago-area real estate. 

With the additions, Roosevelt Square has opened almost 900 of 2,000 planned mixed-income apartments since work began in 2006. 

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Aaron Wise has joined CrossCountry Mortgage as vice president of mortgage lending, specializing in residential mortgages in the Chicagoland area.

Berkshire Hathaway HomeServices Chicago has expanded its North Region leadership team with the appointment of Keri Cook Falls as sales manager and promotion of Lisa Dean to assistant sales manager. 

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Chicago’s housing inventory is on the rise, thanks in part to a boost in new-home construction in the market.

Risa Weiss, managing broker at Kale Realty, has been promoted to vice president of agent development, as part of the brokerage’s strategy to attract, develop and retain high-performing agents.

At the same time, the pace of home sales continued on its downward trajectory. 

In Chicago, home prices surged 6.5% year over year in March — the second-highest gain in the index after New York — and rose 1.17% month over month. 

The summer is expected to bring an uptick in the pace of home sales, the association said. 

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

At the same time, listings under contract declined, and closings rose. 

For many renters, like new grads, people who travel frequently for work, recent divorcees or young couples, living small just makes more sense.