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Peering into trends of 2005
Chicago Sun Times, Celeste Busk, 12/31/04
Home prices, hot neighborhoods, interest rates and design trends: These are a few of the bottom lines in the housing market. To get an idea of what's in store for 2005, the Chicago Sun-Times took these issues to a variety of national and local housing and economic experts. Here's a look at housing predictions for the coming year....
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Expectations a bit more realistic; Record run may end, but not gains
Chicago Tribune, Mary Umberger, 12/30/04
Wanted: Buyer for North Side condo, owner anxious. He's so anxious, in fact, that he's knocked $70,000 off the asking price, and if he gets a firm contract before Feb. 4, he'll throw in two tickets to the Super Bowl, which is being played that weekend in Jacksonville, Fla. In the housing frenzy of recent years, it's seldom been necessary to make such significant price cuts, much less to dangle a Super Bowl carrot....
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Developers selling 400 N. LaSalle; Capitalizing on demand for apt. properties
Crain's Chicago Business, Alby Gallun, 12/30/04
Aiming to capitalize on a hot investment market for apartment buildings, the developers of a new 452-unit high-rise at 400 N. LaSalle St. have hired a broker to sell the property. Completed last year, the apartment building is expected to fetch more than $120 million, said Matthew D. Lawton, senior managing director in the Chicago office of Dallas-based brokerage Holliday Fenoglio Fowler L.P.....
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Interest rates may take shine off investments; Vacancies, rents must offset rise
Chicago Tribune, Thomas A. Corfman, 12/21/04
In 2005, it'll be tough to top the Sears Tower. The $840 million sale price of the 110-story skyscraper exceeded the most optimistic predictions for the trophy asset, whose value became uncertain after the Sept. 11, 2001, terrorist attacks. But what made the deal go is high leverage and low interest rates. The buyers, led by New York entrepreneur Joseph Chetrit....
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Illinois: Chicago Condo Sales Soar
Realtor Magazine Online, Jane Adler, 12/17/04
Sales of new condominiums in downtown Chicago soared 45 during the third quarter 2004, compared with the earlier quarter, according to a report by Appraisal Research Counselors.....
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Apartment developers perk up; Building surge for '05-'06; betting on jobs
Crain's Chicago Business, Alby Gallun, 12/6/04
Betting on a recovery, apartment developers are getting busy downtown. Nearly 2,700 apartments will come on the downtown market in 2005 and 2006, the most over a two-year period since the early 1990s, according to Appraisal Research Counselors, a Chicago real estate consultancy....
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Multifamily Sales Show Spread Between North, South
Globe Street, Mark Ruda, 12/2/04
Two recent multifamily rental property sales offer an example of why some investors are looking to head south along the city?s lakefront for investment opportunities. Buildings at 6341 N. Lakewood Ave. in the Edgewater neighborhood and 7237-43 S. Bennett Ave. in South Shore recently sold for $1.12 million and $1.1 million, respectively....
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Multifamily Sales Volume Heads for Record
Globe Street, Mark Ruda, 12/1/04
Sales volume for larger multifamily rental buildings is on pace to set a record this year, according to Appraisal Research Counselors. The appraisal firm reports $379 million in sales through the third quarter, which would be second only to 2000 if no other deals closed....
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McMorgan buys site at 303 W. Madison
Chicago Tribune, Thomas A. Corfman, 11/24/04
A San Francisco investment adviser to union pension funds has a contract to acquire 303 W. Madison St., as investment activity in downtown Chicago maintains its brisk pace. McMorgan & Co., has agreed to pay roughly $63 million, or about $200 a square foot, for the 311,000-square-foot building, sources said. "It's a great little building in a great location in the West Loop, and it caters to smaller floorplate tenants, so we're not competing with the big bombers all around us," said David Howard, director of real estate for McMorgan, a subsidiary of New York Life Insurance Co.....
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Vintage Lincoln Park building converted to condos
Chicago Sun Times, Larry Finley, 11/19/04
A prime Lincoln Park apartment building is being converted to 195 condominiums. The 2000 North Lincoln Park West building is being developed by Nick V. Gouletas, founder of the new NVG Residential. "2000 Lincoln North Park West is a spectacular building filled with the glamor and exquisite architectural detailing of a bygone era, fronting Lincoln Park," Gouletas said. It will be the "first conversion on the park since the conversion of 345 Fullerton in the early 1990s," said Gail Lissner of Appraisal Research Counselors.....
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Tishman Speyer bets on bargain at 125 S Wacker
Chicago Tribune, Thomas A Corfman, 11/17/04
In a bargain bet on the recovery of the downtown office market, Tishman Speyer Properties LP has a contract to acquire 125 S. Wacker Drive, an older, 31-story tower in Chicago's most desirable business strip. The New York developer....
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Hyatt steps asside for new hotel trend
Columbia Chronicle, Sarah M. Hetland, 11/15/04
The recently purchased Hyatt Regency on Printers Row will house the city?s latest trend in real estate as of Jan. 1, 2005: condominium hotels. The historic three-building hotel was bought in July by a Chicago-based hotel developer, The Falor Cos., and will be officially changing its name to The Blake Condominium hotel....
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Developer plans condo hotel on Wacker
Crain's Chicago Business, Alby Gallun, 11/11/04
Another Chicago real estate developer is jumping into the condominium hotel market. Teng & Associates Inc. plans to include a 190-room condo hotel in an 82-story high-rise in the works at 111 W. Wacker Drive, said Gail L. Lissner, senior vice president at Appraisal Research Counselors, a Chicago-based real estate consulting firm that tracks downtown condo sales.....
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Record year for condos? Downtown sales rise 91%....
Crain's Chicago Business, Alby Gallun, 11/8/04
Downtown sales rise 91%, but with thousands of new units on tap, a glut looms. Amid a red-hot condominium market, downtown developers are within striking distance of a record sales year. But a surge in construction could soon create a condo glut. Developers sold 4,961 downtown....
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Developers devour apartment buildings at premium prices
Crain's Chicago Business, Alby Gallun, 11/8/04
Landlords cash in as converters compete with investors ? and win. Facing high vacancies and low rents, Chicago-area apartment building owners have found a savior: the condo converter. Developers who convert apartments into condominiums are outbidding....
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An extreme makeover: Housing demand creates another cycle for recycling building
Chicago Tribune, John Handley, 11/7/04
Eighty people have put down money to live in a cold-storage building. No, this is not a "Survivor" scenario of braving dark, damp, dingy and chilly spaces. When new residents move into the Produce Terminal Cold Storage Co. building at 1550 S. Blue Island Ave., they will be plenty warm. The 11-story concrete hulk, built in 1929 some 3 miles southwest of the Loop....
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Chicago Market - Construction Stays Buoyant
Midwest Construction (McGraw-Hill Companies), Craig Barner, 10/31/04
Chicago-area construction companies occasionally battened down during the early 2000s as the poor economy raised storms for an industry grown accustomed to smooth sailing. The high seas appear to have subsided in 2004, though the industry still has its leaks to fill. Data for the Chicago metropolitan area depict an industry that in general is gliding along.....
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Big names back Trump tower ; Soros, Deutsche Bank said to be in on 90-sty bldg
Chicago Tribune, Thomas A Corfman, 10/28/04
Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city's history, according to real estate sources and public documents.....
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It's alive! Ontario site has high-rise potential
Chicago Sun Times, Sandra Guy, 10/27/04
In the spirit of Halloween, here's word of a deal for a new high-rise just off Michigan Avenue that sources said is alive even though it was thought to be dead a couple years ago. Architect and developer Enrico Plati....
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Closing by Trump expected on tower site
Chicago Tribune, Thomas A Corfman, 10/15/04
Donald Trump is expected to close Friday on the acquisition of the former home of the Chicago Sun-Times while he negotiates financing for his proposed riverfront skyscraper, including a construction loan of more than $600 million, one of the largest in the city's history.....
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City piles up huge trash debt to condos
Crain's Chicago Business, Shruti Daté Singh, 10/4/04
The city is millions of dollars in arrears ? it won't disclose the precise amount ? on property tax rebates owed to condominium owners who arrange for private-sector trash collection. The debt appears to be growing, as rebates....
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?Trumping? the city skyline
Columbia Chronicle, Jeff Danna, 10/4/04
Once complete, Donald Trump?s first Chicago building will be a representation of the recent high-end residential growth of the Loop and its surrounding area. Downtown Chicago has never been the kind of place to live for someone on a budget, but Donald Trump....
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Millennium Park Energizes Chicago's East Loop
National Real Estate Investor, Paula Widholm, 10/1/04
While locals and tourists alike enjoy Millennium Park's numerous amenities, including interactive fountains and elaborate gardens, developers are carving out residences and retail around the destination at the eastern edge of downtown Chicago. Since the July opening of the 24.5-acre, $475 million park....
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Columbia eyes Spertus space for expansion, Area residents praise, criticize....
Columbia Chronicle, Jeff Danna, 9/27/04
South Michigan Avenue's smile is in need of dental work and Howard Sulkin, president of the Spertus Institute for Jewish Studies, intends to fix it. The Spertus Institute, 618 S. Michigan Ave., is nestled just north of Columbia's South Campus Building, 624 S. Michigan Ave., in a line of landmark buildings overlooking Grant Park....
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BOOM with a view - some fear a glut, but downtown sales back on track
Chicago Tribune, John Handley, 9/26/04
"Real estate developers are high-rollers. But they don't need to go to Vegas to gamble. They gamble every day right here in Chicago," said Dan McLean. He should know. The president of MCL Cos. is one of the developers betting that Chicago's downtown condo market is on a roll. Looming is another building boom....
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Civic regeneration brings property boom to Chicago
Irish Times, 9/23/04
Things are big here in Chicago. Big buildings, big lake, big airport. It's also a city of big ideas, stretching back to the days of Daniel Burnham, who devised a plan a century ago to turn the mid-western prairie town into a model of urban design, writes Julie Sell. Although much of Burnham's plan never came to pass, his spirit still permeates America's third-largest city, considered one of the better-organised (and increasingly green) urban centres in the country. Now a sparkling new civic space in Chicago is showing yet again how big ideas can be transforming. Millennium Park....
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Park Millennium Goes on the Market
Globe Street, Mark Ruda, 9/14/04
Englewood, CO-based Archstone-Smith has put the 480-unit Park Millennium multifamily rental building on the market, with its eventual asking priced expected to set a record for the Downtown market. Part of the New East Side neighborhood, brokers expect the building at 222 N. Columbus Dr. to easily crack the $100-million mark. The Chicago office of Holliday Fenoglio Fowler, LP, which won the exclusive listing agreement to market the property overlooking the Lakeshore East.....
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Multifamily Rental Sales Could Set Record
Globe Street, Mark Ruda, 9/7/04
Larger multifamily sales here may shatter a record of $422.5 million set in 2000, according to Appraisal Research Counselors, which has major deals since 1996. With $156.1 million already closed, another $550 million in pending deals could be wrapped up before year-end, according to the appraisal company?s most recent ?Downtown Chicago Residential Benchmark Report....?
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Park stokes condo sales - New Eastside views, locale wow buyers
Crain's Chicago Business, Alby Gallun, 9/6/04
The buzz surrounding Millennium Park's July opening is stoking sales at nearby condo projects, with buyers standing in line for hours to put down deposits, and sales contracts being signed at a faster pace than any other downtown neighborhood. The $475-million park is "going to light up that area," says Jason Vargas....
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Chicago Tribune Inside Commercial Real Estate Column
Chicago Tribune, Thomas A. Corfman, 8/18/04
NEW ENGLAND FIRM TO BUY ROLLING MEADOWS COMPLEX: The suburban real estate investment market continues to click along, as a New England investment firm has agreed to pay nearly $52 million for the Meadows Corporate Center in Rolling Meadows....
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Commission Endorses 385 Loft, Condo Units for West Loop
Appraisal Journal, Mark Ruda, 7/20/04
A six-story warehouse along the Eisenhower Expressway will be converted into the 189-unit Centurion Lofts while a parking lot to the north will become a 198-unit condominium building. That is the $100-million idea, endorsed last week by the plan commission, of a partnership that includes former alderman and current broker Ted Mazola.....
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New developments fit upscale profile ; Lush amenities mean hefty price tags
Chicago Tribune, Annemarie Mannion, 7/14/04
Stunning views of Lake Michigan, fine restaurants within easy walking distance, an indoor swimming pool, a 12,000-bottle wine cellar, a cigar humidor and an 18-seat theater to entertain guests have helped Annette and Roger Gordon adjust to retirement. The tempo of their lives hardly sounds retiring, however. "We really love city life," said Annette Gordon, 52. "We walk everywhere. We like that there's so much energy....
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$1 Million condo club gaining membership
Chicago Tribune, Wayne Faulkner, 6/27/04
It sometimes seems that million-dollar condos are a dime a dozen in downtown Chicago. Are recent announcements of plans for super luxury high-rise buildings evidence of a boundless economy, or that a herd mentality has builders and developers rushing to chase a finite number of very well-heeled buyers? With construction cranes dotting the downtown landscape, we thought we'd check the statistics.....
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Chicago: Market Strong for Small Condos
Realtor Magazine Online, Jane Adler, 6/21/04
The market for new condominium units in Chicago's downtown area has remained active despite a rise in interest rates, according to Appraisal Research Counselors, Chicago. "We see great strength at the entry level of the market," says Gail Lissner....
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Multifamily Asset Prices Continue to Soar
Globe Street, Mark Ruda, 6/11/04
Capitalization rates for multifamily rental asset sales are as low as 5.5%, according to Marcus & Millichap Real Estate Investment Brokerage Co., the latest to weigh in on the robust health of the market. Previously, Appraisal Research Counselors predicted in its first quarter ?Residential Benchmark Report? that sales volume for larger city properties could hit $400 million this year, with deals so far averaging a 6.74% cap rate.
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Second Homes - How do you define `escape'? Maybe it's a downtown condo for a tas
Chicago Tribune, John Handley, 5/16/04
"Step out your door and you're on vacation," says Tony Orsini. The vacation mecca he's talking about isn't Miami or Palm Springs. It's downtown Chicago, where an increasing number of people are buying second homes -- just for the fun of it. Though for at least six months of the year the weather may not be an attraction, Chicago is a magnet for suburbanites and out-oftowners who love what it offers to see and do. In recent years, while Mayor Richard Daley....
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Luxury Condos - skyrocketing prices
NBC5 Chicago, Ellee Pai Hong, 5/14/04
Gail Lissner is interviewed on NBC5.... Money - you'll need a lot of it to enter into today's condo market in Chicago. Buildings catering to the very rich are popping up all over the Gold Coast....
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McLean buys back River East retail space, parking garage
Chicago Tribune, Thomas A. Corfman, 5/12/04
Daniel McLean has bought back the retail space and parking garage in River East Center, the Streeterville mixed-use project that the Chicago developer completed two years ago. Sources said the price was more than $85 million for the 1,150-car garage and 260,000 square feet of retail space, anchored by a 21-screen AMC movie theater....
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Deal near for 222 S. Riverside Plaza
Chicago Tribune, Thomas A. Corfman, 5/5/04
A venture managed by John Buck Co. is close to an agreement to sell a renovated skyscraper along the South Branch of the Chicago River to a Boston investment firm in a nearly $200 million deal, a sign of strong investor demand for well-leased, well located properties. The buyer, Beacon Capital Partners LLC, is acquiring not only 222 S. Riverside Plaza but also an adjacent, 72,000-square-foot health club at 444 W. Jackson Blvd....
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Trump draws high card; with 70% of tower sold, clears key financing hurdle
Crain's Detroit Business, Alby Gallun, 5/4/04
The Donald?s doubters said he couldn?t pull it off, but the flashy developer's planned high-rise along the Chicago River may soon be the place where hype meets reality. Seven months after opening a sales office for his 90-story Trump International Hotel and Tower, Donald Trump has signed up buyers for nearly 70 percent....
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Trump draws high card - With 70% of tower sold, clears key financing hurdle
Crain's Chicago Business, Alby Gallun, 5/3/04
The Donald's doubters said he couldn't pull it off, but the flashy developer's planned high-rise along the Chicago River may soon be the place where hype meets reality. Seven months after opening a sales office for his 90-story Trump International Hotel and Tower, Donald Trump has signed up buyers for nearly 70% of its condominium and hotel units ? more than enough to secure financing, say real estate experts....
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It doesn't take a house to make a home
Chicago Tribune, Janice Rosenberg, 5/2/04
When Cheryl Rogers' son Kyle was born, she pictured herself moving from her high-rise condominium to a house in the suburbs. But as months and then years passed, Rogers came to appreciate the elevator that whisked her and Kyle - with stroller - upstairs from the indoor garage and took pleasure in the proximity to lakefront activities such as bicycling....
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Chicago landlords compete for tenants
Streetwise, Wendell Hutson, 4/28/04
Whem Michael Johnson decided to move from south suburban Dolton back to Chicago, he was looking to buy a condominium or house. But after comparing rents and long-term advantages, he was persuaded to remain a renter....
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Room at the top - Defining characteristics, locales push penthouse growth
Chicago Tribune, Sharon Stangenes, 4/24/04
Penthouse No. 1 at the Residences of RiverBend has 4,057 square feet, a "great room" truly worthy of the term and a stunning view from the 37th floor of the Chicago River dividing into the North and South branches. All for $2.6 million....
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Village Green Closes on 412-Unit City View Plaza
Globe Street, Mark Ruda, 4/16/04
Village Green Cos. has closed on its purchase of the 412-unit City View Plaza on the Near West Side, which had been on the market at $55 million. After paying $38.5 million in 2001 for the pair of 12-story buildings in the 900 block of S. Ashland Avenue, RREEF renovated the common areas, lobby and individual units before hiring the Chicago office of Holliday Fenoglio Fowler to sell the property....
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Condo Hotels Move Beyond Resort Towns
New York Times, Dennis Rodkin, 4/2/04
CONDO hotels -- developments that, as the name suggests, provide condominium ownership in a hotel-like setting -- have for years been popular in vacation spots like Aspen, Miami and some upscale resort towns in Mexico. But recently, developers have begun to spread the concept to other parts of the country: Orlando, Las Vegas, Myrtle Beach, Chicago. Yes, that's right, Chicago, that wind-swept metropolis, hardly the first place that comes to mind when you think of an idyllic weekend retreat....
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2004 Top Contractors, Indiana, Wisconsin Hot; Illinois Steady
Midwest Construction (McGraw-Hill Companies), Craig Barner, 4/1/04
The annual Midwest Construction survey of the top-120 construction managers and general contractors in Illinois, Indiana and Wisconsin found that billings for work in the tri-state region last year were $12.2billion. The top contractors also reported that combined revenues for all work worldwide were $33.6 billion.
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Luxury, prime Lincoln Park site sell highrise
Chicago Sun Times, Larry Finley, 3/14/04
Luxury and elegance of an era gone by are being incorporated into the Lakeview in Lincoln Park, a new 178-unit condominium complex on the park. The super-luxury trio of towers will be built on the 3-acre site of the old Columbus Hospital, on a tree-lined stretch of Lakeview Avenue, between St. James Place and Deming Place....
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Last-chance rental deals
Chicago Sun Times, Larry Finley, 3/11/04
Big bargains are still available in the Chicago apartment market, such as a nice 2-bedroom on East Lake Shore Drive going for $21,000 a month, marked down from $25,000. That is a savings of nearly 23 percent, just about average for hard-to-move units at the tip top of the rent scale....
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Chicago Tribune Inside Commercial Real Estate Column
Chicago Tribune, Thomas A. Corfman, 2/25/04
KIRKLAND & ELLIS EXPLORES POSSIBLE MOVE FROM AON CENTER: Kirkland & Ellis law firm has hired the Chicago office of real estate firm Staubach Co. to study its long-term space needs, including a possible move from Aon Center, where the prominent law firm has been headquartered since 1972....
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Warehouse to Be Converted to 290 Condos
Globe Street, Mark Ruda, 2/25/04
While a 386-unit proposal for a site nearby remains on hold, another development team has gotten a green light to redevelop a former warehouse into 290 units. Following a trend in the West Loop condominium market, most of the units will be one-bedrooms, according to MCZ/Centrum Adams LLC, ranging in price from $199,000 to $350,000....
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The Regatta Launched in Lakeshore East
Globe Street, Mark Ruda, 2/19/04
At $210,000 for studios, the 320-unit the Regatta at Wacker and Harbor drives will offer some of the lowest-priced condominiums in the burgeoning Lakeshore East neighborhood. However, the price point soars into seven figures for the latest multifamily project by the partnership of Magellan Development Group, Ltd. and Near North Properties LLC....
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Daley approves $8 million grant plan to help keep USG
Chicago Tribune, Thomas A. Corfman, 2/18/04
Ready to keep a longtime Chicago company headquartered in the city, Mayor Richard M. Daley has given approval to a tax increment financing grant of about $8 million to USG Corp. A mayoral spokesman confirmed that the city has tentatively agreed to assist the building materials anufacturer, though details must still be ironed out. A USG spokesman declined to comment....
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Chicago Tribune Inside Commercial Real Estate Column
Knight Ridder/Tribune Business News, Thomas A. Corfman, 2/18/04
18--Ready to keep a longtime Chicago company headquartered in the city, Mayor Richard M. Daley has given approval to a tax increment financing grant of about $8 million to USG Corp. A mayoral spokesman confirmed that the city has tentatively agreed to assist the building materials anufacturer, though details must still be ironed out. A USG spokesman declined to comment....
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For Some, Condo Conversion Can't Happen Soon Enough
Globe Street, Mark Ruda, 2/17/04
Some members of the Evanston plan commission wondered if a proposed multifamily rental building at 413-21 W. Howard St. was too high, and whether the architecture made a bold statement for the North Shore suburb?s southern entrance....
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$50M Multifamily Plan Endorsed
Globe Street, Mark Ruda, 2/12/04
EVANSTON-Redevelopment of Howard Street, the dividing line between this North Shore suburb and Chicago, has to start somewhere, plan commission members decided with an 8-2 vote Wednesday. The start is likely to be a 221-unit, $50-million multifamily rental building at 413-21 W. Howard St....
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Condo Developers Facing Struggles in 2004
Globe Street, Mark Ruda, 2/11/04
Large-scale condominium developments continue to rise in and around the Loop, but the pace is not likely to rival last year?s record deliveries or refill the construction pipeline, according to Appraisal Research Counselors. However, 2004 promises....
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Downtown Multifamily Market Shows Resiliency
Globe Street, Mark Ruda, 2/10/04
Considering the job losses that have rocked the market as well as an inventory of corporate units, the Downtown multifamily rental market?s recent performance has been ?amazing,? according to Appraisal Research Counselors VP John Jaeger....
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Downtown condo glut down, but more
Chicago Sun Times, David Roeder, 2/6/04
Chicago's downtown condominium market has cut into its backlog of unsold units, a report has concluded, and that was presented as positive news for developers and real-estate lenders who assembled to hear the findings Thursday....
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Condos not congested
Chicago Red Streak, David Roeder, 2/6/04
Chicago's downtown condominium market has cut into its backlog of unsold units, a market report has concluded, and that was presented as positive news for developers and real estate lenders who assembled to hear the findings Thursday....
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Two condo projects planned for Northwest Side
Chicago Sun Times, David Roeder and Fran Spielman, 1/26/04
In a show of confidence in the condominium market for Chicago's outlying neighborhoods, developers have proposed two sites for large- scale new construction on the Northwest Side. A plan by Dubin Residential calls for up to 175 condos plus 30 town houses at 3927-63 W. Belmont, which straddles the Hermosa and Avondale areas....
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Terrapin Plans 147 Condos at 901 W. Madison
Globe Street, Mark Ruda, 1/26/04
With expert observers such as Appraisal Research Counselors noting Downtown condominium construction slowed down last year to allow the market to absorb unsold units, at least one developer is revving up. Terrapin Properties plans to build a $78-million project at 901 W. Madison St., adding 147 one- and two-bedroom units....
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Historic intersection now a tale of two markets; New era under way at Halsted
Chicago Tribune, Nathan Bierma, 1/21/04
Two eras in the history of Halsted Street are separated by a half- century and the width of the road. To the east of the intersection of Halsted and Maxwell Streets, facades from the time of the Maxwell Street Market stand amid construction debris, waiting for a garage to emerge behind them.....
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Starts, sales to hum, hover near highs
Chicago Tribune, Mary Umberger, 1/3/04
Chris Huecksteadt readily admits his forecasts ere wrong regarding the Chicago housing market--wrong a couple of years in a row, in fact. The consultant said home-building activity here would soften in 2002. Ditto for 2003. In each case, ousing just rocketed along, surprising....
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High Drama over Chicago High-Rise
National Real Estate Investor, Deborah Smith, 1/1/04
The planned Trump International Hotel and Tower along the Chicago River faces a complicated set of issues to be sure: a lack of project financing, a weak office market and an ever-widening scandal surrounding the Trump Organization's joint venture partner....
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Local 2004 Outlook - Midwest has mixed bag
Midwest Construction (McGraw-Hill Companies), Craig Barner, 1/1/04
After several years of slowing down, the Midwest construction market appears to be on a steady gait and poised to attain a brisk pace. Most 2004 forecasts suggest either a stable market or a small decline in the value of new construction. Despite these middling prognostications....
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