Tag: Auctions

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How have the Prairie Pointe auction buyers fared?

How have the Prairie Pointe auction buyers fared?

The condo market crash in the latter part of the last decade resulted in units at a number of properties being sold at auction in 2009 and 2010. A [...]
A retrospective on the Motor Row Lofts auction

A retrospective on the Motor Row Lofts auction

The condo market crash that began in the latter part of the last decade resulted in a number of properties going to auction in 2009 and 2010. The [...]
Acreage at Metro Place available for sale

Acreage at Metro Place available for sale

Crain's is reporting that 4.67 acres of vacant land is available at Metro Place, a failed development on the Near West Side. The asking price is $ [...]
West Loop apartments headed for auction

West Loop apartments headed for auction

We last wrote about 1342 W Randolph St back in December of 2008. The building was then in the incomplete state shown in the above photo. Construct [...]
City puts vacant lots up for bid

City puts vacant lots up for bid

The City's Department of Housing and Economic Development announced that it is accepting sealed bids for four parcels of vacant land on the South [...]
Prime South Loop development parcel set for auction

Prime South Loop development parcel set for auction

Sheldon Good & Company has just posted an auction site for a 63,740 square foot South Loop development parcel at 600 S Wells St, the southwest cor [...]
Eastgate Village remnants go to auction

Eastgate Village remnants go to auction

When we last looked in on Eastgate Village, a troubled condo / townhome development that abuts the Stevenson Expressway connector to Lake Shore Dr [...]
Price chop means no profit for Vetro auction buyer

Price chop means no profit for Vetro auction buyer

In early 2009 the auction at Vetro, 611 S Wells St, was much anticipated and then much commented on. The expectation was that it would and did set mar [...]
Looking for an elegant motorcar pavilion?

Looking for an elegant motorcar pavilion?

You're in luck. There's one coming to auction in "fabled Oconomowoc Lake." If you're seeking a six-car garage, you're also in luck – for that's [...]
Bank-owned properties head to a blow-out auction

Bank-owned properties head to a blow-out auction

On September 17 Rick Levin & Associates will be auctioning a variety of (mostly) bank-owned properties subject to minimum bids as low as 5% of a p [...]
Do your homework and avoid real estate auction fever

Do your homework and avoid real estate auction fever

Rick Levin & Associates has an auction of auction of bank-owned residential properties scheduled for Saturday, September 17, at the Hilton Rosemon [...]

More views from the auction world: Chicago has flatlined, but why?

Here are a few more thoughts from one of our contacts in the auction world, regarding the decline of major condo auctions at downtown's newer developm [...]

Where are the auctions?

The news that Silver Tower's bank wants to sell its inventory in bulk reminded me that we haven't seen a major auction of new-construction condos in q [...]
Two South Loop condo sites up for auction

Two South Loop condo sites up for auction

The land bounded by Michigan and Wabash avenues and 13th and 14th streets had a rough go during the downturn. On the Wabash side were the sites of Gla [...]
Michigan Avenue Tower II, nine months after the auction

Michigan Avenue Tower II, nine months after the auction

Last fall, the developers of Michigan Avenue Tower II at 1400 S Michigan Ave put 40 condos up for auction at minimum bid prices of $99,000 to $375,000 [...]
Revisiting Motor Row Lofts, nine months after the auction

Revisiting Motor Row Lofts, nine months after the auction

Three quarters have passed since the developers at two South Loop projects, Motor Row Lofts and Michigan Avenue Tower II, sold more than 60 new condos [...]
Grand Plaza's condo auction: a recap

Grand Plaza's condo auction: a recap

On Thursday the Chartwell Group will auction the last 10 penthouse units at Grand Plaza in River North, at reserve prices of $345,000 to $775,000, or [...]
Grand Plaza's penthouses, ready for auction

Grand Plaza's penthouses, ready for auction

The third and final video from Joe Zekas' recent tour of Grand Plaza with Bud Blinick of the Chartwell Group finds the duo touring several of the to [...]
The impressive amenities at Grand Plaza

The impressive amenities at Grand Plaza

Every resident in the 37-story Residences at Grand Plaza, 545 N Dearborn St, has access to the private resort-style amenities located on the tower's [...]
Preparing buyers for Grand Plaza's auction

Preparing buyers for Grand Plaza's auction

Real estate auctions are fast-moving affairs. When a bidder secures the winning bid he immediately signs a contract. So it's critical that bidders p [...]
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