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Chicago ranks highest in distressed property sales

CoreLogic graphic

The following arrived via news release from CoreLogic: Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in June, the lowest share since December 2007 and a strong improvement from the same time a year ago when this category made up 15.8 percent of total ...

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Posted by Joe Zekas on August 21, 2014
ChicagoDowntown / Loop

K2 Apartments, a short walk from Chicago’s hottest neighborhoods

K2 pool deck

K2 Apartments, the new luxury tower at 365 N Halsted St in Chicago’s Fulton River District, has a keystone location that affords quick pedestrian access to the city’s hottest neighborhoods. The West Loop, River West and River North – the neighborhoods adjacent to K2 – are all just a few ...

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Posted by sponsored post on August 21, 2014
ChicagoDowntown / Loop

Attend the Bash on Wabash, and check out Park Michigan Apartments

Bash on Wabash

The 1300 block of South Wabash Ave is one of the best restaurant and bar destinations in downtown Chicago. It’s also just a block south of the Park Michigan Apartments, 1212 S Michigan Ave, in the South Loop. Starting at 13th and Wabash, a few steps south will take you ...

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Posted by sponsored post on August 21, 2014
ChicagoSouth Side

See classic cars and classic homes in Bridgeport this weekend

A classic roadster

The St Barbara Classic Car Show will be held this Saturday, August 23, from 9 am to 4 pm, at 2859 S Throop St in Bridgeport. The event will feature classic show cars, antiques, custom hot rods and muscle cars. Car owners pay a fee to exhibit, but the event ...

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Posted by sponsored post on August 21, 2014
ChicagoDowntown / Loop

New lofts underway in Streeterville

River East

Building permits have been issued and work has begun on the conversion of the former River East Art Center building at 445 E Illinois into 285 loft apartments. Preliminary signage has been posted on the site. A website is expected to go live in about a week, and pre-leasing activity ...

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Posted by Joe Zekas on August 20, 2014
ChicagoDowntown / Loop

Assembling the South Loop’s newest condos

1345 S Wabash

The site of 1345 Wabash, the first new condo development built in the South Loop in years, is currently a busy staging area for skilled trades shaping and assembling a bewildering variety of forms and materials. The end result of all the activity will be a sleek building that makes ...

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Posted by sponsored post on August 20, 2014

Has condo pricing gone off the rails again?

Shoemaker Lofts

Lately I’ve been seeing nearly identical new condominiums – in some cases from the same developer – selling for similar prices in locations that I consider to differ widely in value. It’s possible, of course, that I’m misjudging the appeal and underlying value of the locations I’m comparing. I don’t ...

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Posted by Joe Zekas on August 20, 2014
News & trendsArchitecture & design

Apply for the 21st Annual Chicago Neighborhood Development Awards

Harvest Commons

Applications are now open for the 21st Annual Chicago Neighborhood Development Awards (CNDA). The CNDAs recognize innovation and best practices in neighborhood development. Established in 1995, the awards “recognize and honor the outstanding achievements in neighborhood real estate development and community building, as well as the essential role that both ...

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Posted by Joe Zekas on August 20, 2014
ChicagoDowntown / Loop

An updated look at nine new Near North Side apartment projects

805 LaSalle

Yesterday we stopped by nine of the new apartment projects that are in various stages of completion on Chicago’s Near North Side. The nine projects include a total of nearly 2,000 apartments. Three additional Near North Side projects, with a total of 1,140 units, are on the Plan Commission agenda ...

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Posted by Joe Zekas on August 19, 2014
ChicagoDowntown / Loop

A corner two-bedroom with a great balcony at Astoria Tower

Astoria Tower

The two-bedroom, two-bath apartments with downtown views at Astoria Tower in the South Loop have been one of the popular building’s most sought-after floor plans. One of them is currently available for September 29 occupancy, renting for $2,645 a month. The apartment has a split-bedroom layout that’s ideal for roommates ...

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Posted by sponsored post on August 19, 2014

Don’t play rookie roulette with a random rental service

Lakeview

Chicago’s rental services are high-turnover operations. New agents are suckered in by promises of high pay, a fun working environment and a clear career path. Almost all of them quickly learn that the business offers little compensation, is no fun and is a dead-end career that very few persevere in. ...

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Posted by Joe Zekas on August 19, 2014
ChicagoDowntown / Loop

View the Gold Coast’s best pool party

1120 North LaSalle

Planned Property sponsors a series of resident appreciation events throughout the year at 1120 North LaSalle, but the most-anticipated is the annual pool party. We think it’s the Gold Coast’s best pool party and hope you agree after watching the video. Studio, one- and two-bedroom apartments are available at 1120 ...

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Posted by sponsored post on August 19, 2014

YoChicago’s taking a day off

Paul McCartney

YoChicago won’t be posting about Chicago real estate today, but will resume tomorrow. I returned to Chicago late Sunday after a five-day break in California, visiting my daughter Valerie. We had tickets for Paul McCartney’s concert at Candlestick Park – the last event at “The Stick” before it’s demolished. As ...

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Posted by Joe Zekas on August 18, 2014
DealsChicagoDowntown / Loop

Hit the lakefront trail from a Streeter Place studio

Streeter Place

Residents at the high-service, full-amenity Streeter Place apartment tower have quick access to Chicago’s glorious lakefront and the 18-mile lakefront trail. The trail is a magnet for walkers, bikers, joggers and rollerbladers. It affords great views of the skyline and access to beaches, playgrounds, soccer and baseball fields, volleyball nets, ...

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Posted by sponsored post on August 15, 2014
ChicagoDowntown / Loop

There’s a food mall outside Astoria Tower’s apartments

South Loop Club

If you rent at Astoria Tower and commute to the Loop via the CTA Red Line stop at Harrison, or attend Roosevelt University’s nearby vertical campus, you’ll pass a food mall along your 5-minute walk home. Heading south along the east side of State Street the first venue you encounter ...

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Posted by sponsored post on August 15, 2014
ChicagoDowntown / Loop

It’s pool party season at Gold Coast apartments

1111 Dearborn

Planned Property sponsors resident appreciation events for the residents of its Gold Coast, Lincoln Park and Lakeview East apartments throughout the year. Some of the most popular and well-attended events are the high-rise pool parties at 1120 North LaSalle, 1133 North Dearborn and 1111 North Dearborn. Last Saturday residents at ...

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Posted by sponsored post on August 15, 2014

Lexington Oaks in Palatine has first-floor master suites

Lexington Oaks

Lexington Oaks is a boutique development of fifteen new townhomes in three 5-unit buildings. There are two 3-bedroom, 2 ½ bath home styles to choose from, one of which features a master suite on the first floor and two bedrooms and a loft on the second. The other townhome plan ...

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Posted by sponsored post on August 15, 2014
ChicagoSouth Side

New homes in Bridgeport just steps from Donovan Park

Lexington Square kitchen

Lexington Square‘s third phase is launching 20 new rowhomes and the second phase of Lexington Place has begun the sale 19 new single-family homes. The Lexington Square rowhomes feature 3 or 4 bedrooms, 2 ½ or 3 ½ baths, high ceilings, hardwood floors in living areas, kitchens with ample cabinet ...

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Posted by sponsored post on August 14, 2014
DealsChicagoNorth Side

Going for the groceries at Lakeview’s new Halsted Flats

Whole Foods on Halsted

Residents in some parts of Lakeview have an inconvenient slog or a traffic-clogged drive to the nearest grocery store. Residents at Halsted Flats, the new luxury apartment tower at 3740 N Halsted, have a variety of options conveniently close by. Whole Foods is a short block south of the building ...

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Posted by sponsored post on August 14, 2014
ChicagoDowntown / Loop

Parks and more at new South Loop condos

Coliseum Park

Grant Park, Chicago’s 319-acre “front yard,” is a few short blocks from 1345 Wabash, the new condos under construction in the South Loop. The sloping lawn at the new skate park under construction at Grant Park will serve up dramatic views of the wall of buildings fronting the north and ...

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Posted by sponsored post on August 14, 2014