Latest Chicago real estate news - 3/22/10

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Mergers and acquisitions: Pierson on Chicago’s evolving brokerage scene

March 18, 2010

From the sale of Jameson by the CRF Marketing team, to Sudler Sotheby’s purchase of Sussex & Reilly, to the merger of Prudential Preferred Properties and Rubloff, to HomeServices‘ acquisition of Koenig & Strey, it’s safe to say that the Chicago brokerage world looks a lot different than it did at the start of 2008.
Earlier [...]

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Inside Astoria Tower’s private spa

March 17, 2010

The full name of the new high-rise at 8 E 9th St in the South Loop is the Astoria Tower Residences & Spa. We’ve seen shown you a few of those residences, but until recently, we hadn’t taken a look at the spa. During a visit to Astoria Tower earlier this year, I checked out [...]

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The end is nigh for home buyer tax credits

March 17, 2010

Don’t know if you’ve heard about it, but there’s this thing called a “first-time buyer tax credit” going around right now, as well as a “repeat buyer tax credit.” Apparently they’re pretty popular, at least with Realtors and marketing folks.
These will disappear at the end of next month (unless Congress re-ups them once again, that [...]

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How to find a real estate agent

March 17, 2010

How does a new or relocating buyer find a good real estate agent? In a recent sit-down with Joe Zekas, Prudential Rubloff President / Chairman Michael Pierson offered some tips for finding a reliable agent in a new city.

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The funky heart of Rogers Park

March 17, 2010

How does Rogers Park, a neighborhood on the northern edge of Chicago, stay funky? The secret is geography. The area lies beyond the end of Lake Shore Drive; most east-west streets dead-end into beaches, and there’s no quick way to get downtown.
Rogers Park’s relative seclusion has helped it maintain an extraordinary ethnic mix.
Over the last [...]

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John Hall launches sales and construction of the Reserve of St Charles

March 16, 2010

Buyers can bring their own floorplans or choose from 17 different home designs at the new Reserve of St Charles community springing up in the western suburbs.
John Hall Homes recently broke ground on 25 of the Reserve’s anticipated 133 custom single-family residences, with an aim to complete these first homes by the end of [...]

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Ahoy! Auction sales head to the Gold Coast

March 16, 2010

The sun is out, the sky is blue, and the little birds are singing away. A couple of them tell us to expect news of a condo auction at 1400 Lake Shore Drive any day now. From what we hear, about 40 units will hit the block with no reserve.
RDM Development converted the 22-story, 391-unit [...]

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What we know: SoNo

March 16, 2010

Google tells me that a lot of people come to Yo searching for info on SoNo. Smithfield’s 27-story tower, located at 860 W Blackhawk St on the Near North Side, often comes up in conversations about price cuts at new-construction developments, due in part to @properties‘ aggressive promotions over the past year.
For whatever reason, we’ve [...]

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Quote of the day: Elysian’s troublesome top

March 15, 2010

Tribune architecture critic Blair Kamin, on the Elysian:
If all we do is laugh at traditionalism, rather than figuring out how to do it better, then the joke’s on us.
…[The Elysian's] ridiculously overscaled top, which resembles a giant thimble or a Shriner’s hat, is a major blot on the skyline…The enlarged roof is a bizarre, leaden [...]

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565 Quincy’s ‘hood – life in the West Loop

March 15, 2010

Take a virtual tour of the neighborhood around Belgravia Group’s 565 Quincy high-rise at 565 W Quincy St by browsing the 554 images in our West Loop photo set on Flickr.
Belgravia has sold more than 50 lofts and condos at 565 Quincy so far this year. Homes now range from the $150s to $350s, and [...]

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