Real estate news & trends
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200 North Dearborn
It’s been nearly six years since we wrote about a “clearance-style sales event” at 200 North Dearborn in the Loop, and we’ve revisited the project many times in the interim, sometimes in sponsored posts. From an emailed news release received yesterday: “With 83 residences closed in 2012, 200 North Dearborn is Chicago’s hottest selling condominium,” ...
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Posted by Joe Zekas on February 19, 2013
Chicago Magazine’s Dennis Rodkin visited the penthouse at 200 North Dearborn on a much nicer day in the Loop than March 14, when I shot the above photo there. I didn’t write about the penthouse at the time, but Rodkin just did and he’s also posted a gallery of photos at his Deal Estate column ...
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Posted by Joe Zekas on June 1, 2011
The one thing about American Invsco that typically generates unanimity is the company’s talent for throwing a party. If you’re in the market for a downtown condo, you can assess that talent at wine and cheese evenings and Greek cuisine samplings at 200 North Dearborn, which is offering discounted prices. The wine and cheese evenings ...
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Posted by Joe Zekas on May 19, 2011
American Invsco needed to sell 36 units quickly in order to requalify for major financing programs at 200 North Dearborn in the Loop. How to accomplish that in a difficult condo market? A simple strategy: slash prices by 40 to 55%. The results were quick in coming, according to sales manager Jim Feldman, who says ...
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Posted by sponsored post on March 17, 2011
So was your worst offer too bad, or not bad enough? Just a couple months after begging buyers to “give us your worst offer” for a 200 North Dearborn condo, American Invsco has cut prices on dozens of units by 40% to 56%, in order to meet new Fannie Mae pre-sale requirements. Studios once priced ...
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Posted by Joseph Askins on February 14, 2011
“Make me an offer I can’t refuse,” says Nicholas S. Gouletas, the godfather of condominium sales, and the chairman and CEO of American Invsco. – From a new media release regarding 200 North Dearborn‘s year-end condo sale. (Photo by graeme_newcomb used through Creative Commons license.)
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Posted by Joseph Askins on December 7, 2010
The Web site for 200 North Dearborn is encouraging buyers to “give us your worst offer.” American Invsco says it need to close 36 more units to meet a FNMA pre-sale requirement, and is touting “better pricing than foreclosures and short sales.” And who knows foreclosure prices in condo conversions better than American Invsco? Remaining ...
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Posted by Joe Zekas on December 2, 2010
More than 55 percent of downtown Chicago’s new condo and townhome developments reported an increase in the number of units sold from the fourth quarter of 2009 and the first quarter of 2010, according to the latest Downtown Chicago Residential Benchmark Report from Appraisal Research Counselors. Even then, the increases tended to be minimal, except ...
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Posted by Joseph Askins on May 26, 2010
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