The City of Chicago is towing many people’s cars wrongly and charging them thousands in fines and fees.
News & Information
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New tax forms you should know before filing Planning on filing early? Stay on top of your taxes and become familiar with new forms and possible changes you may need when filing your taxes this year. Discuss changes with your accountant or tax preparer to avoid costly mistakes.
The State of Illinois has recently stopped distributing the mold disclosure form. The mold disclosure which was recently available for years through Illinois REALTORS® stopped providing these forms, after a legal review.
Chicago aldermen are proposing new rules in an effort to curb gentrification and maintain affordable housing in the area for residents nearby the 606 trail.
Double Door has been evicted from its longtime location in Wicker Park after an extended legal battle. Double Door failed to make payments on any of their owed appeal bonds, according to a lawyer who represents the club’s landlord.
Under the recent changes to the amendment that has gone into effect as of January 1, 2017, a Chicago residential landlord receiving a mitigation notice is required to make specific disclosure requirements before renewing or signing a new lease.
Four vehicle emissions testing facilities, including the last two in the city of Chicago, are being shut down by the Illinois Environmental Protection Agency on Nov. 1 to reduce costs and streamline operations.
(AP) — Wells Fargo’s embattled CEO John Stumpf is stepping down as the nation’s second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Wednesday that Stumpf is retiring effective immediately and also relinquishing his title as chairman. He won’t be receiving severance pay […]
Lollapalooza begins Thursday, July 28 and continues through Sunday, July 31, but preparation for the event will result in road closures leading up to the four day festival. Lollapalooza brings large crowds daily to Grant Park in Chicago. Festival hours are from 11:00 a.m. to 10:00 p.m. each day. Grant Park […]
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There is still ongoing confusion as to how Chicagoans recycle, and what items can or can’t be thrown into the blue bins.
A proposed ordinance filed this week by Aldermen Joe Moore, 49th, and Ameya Pawar, 47th, and backed by Mayor Rahm Emanuel, for anyone who rents their living space for up to 90 days a year would have to register with the city. Described as “a free and simple online process” […]
[Crain’s] Decks atop garages were once essentially a given in every single-family home from Old Town to Lakeview on the market for upward of $1 million. Most buyers expect the decks, which help increase the living space on tight city lots, says Dennis Dooley, vice president and managing broker at […]
Chicago Mayor Rahm Emanuel’s $7.8 billion fiscal 2016 budget and a historic property tax increase to pay for public safety worker pensions easily cleared the city council on Wednesday. However, the plan for the fiscal year that begins on Jan. 1 still faces uncertainties in the Illinois Legislature and supreme […]
The Home Builders Association of Greater Chicago (HBAGC) presented “Navigating the New ARO” on May 28th to a packed room at the Dream20 Showroom in the Merchandise Mart. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage […]
2015 Housing Outlook: It’s Your Call The predictions game is a tough racket. From the infamous “Dewey Defeats Truman” edition of the Chicago Daily Tribune to the prognosticators who picked the 2014 Bears to win the NFC North, foretelling the future has proven to be a profitable enterprise for very, […]
[Sun-Times] Mayor Rahm Emanuel’s complex solution to Chicago’s affordable housing crisis was advanced by a City Council committee Wednesday, amid concern that the costly mandates could stifle residential development. Chicago’s existing “affordable requirements ordinance” offers a choice to developers of projects with 10 or more new or rehabilitated units that […]
The statistics have been updated for the month of August 2014. Sales of businesses with real estate and commercial properties have slowed, along with attached housing as we go into the fall market. Single family properties as well as multi-units are still in demand and prices are surging significantly for […]
Market gaining momentum after weather, low inventory slowed spring sales. Despite a slow start, 2014 is proving to be an eventful year for housing. Here at @properties, we’ve been keeping a close watch on local market conditions, and all signs point to a very busy second half of the year. Let’s take a closer look at some first half highlights and what to expect this summer and fal
@properties brokers will eventually will have access to PointDrive, a sales-oriented application that allows users to share presentations without email attachments
Developer Garrett Kelleher has reached an agreement with his largest creditor, Related Cos., over a financing plan that would allow him to keep control of the Chicago Spire site and potentially search for construction financing
2013 was an exciting year for housing as record low interest rates, tight inventory and rising home prices helped bolster the market’s recovery. So what can prospective home buyers and sellers expect this year? Here are three trends to watch:
After a roller coaster of a year, I have been getting a lot of requests and questions about what to expect for this upcoming year. Is housing still worth it? The rules are continually changing, as we have all seen in the past few years. What was once a buyer’s […]
The Consumer Financial Protection Bureau’s recent report on mortgage servicing found problems at banks and nonbanks alike. Specifically, its investigation, conducted from November to June, found significant issues that could cause homeowners to miss payments, threaten their credit histories and plunge them into foreclosure.
The victims of convicted kidnapper Ariel Castro celebrated Wednesday as his Cleveland home was reduced to rubble. The home — known as the “house of horrors” — is where Castro held three women captive for 11 years. He was convicted Aug. 1 on charges of kidnapping, raping and assaulting the […]
There are changes coming to the parking meters in Chicago. Mayor Emanuel announced several modifications which include free parking on Sundays. For having free parking on Sundays, neighborhoods outside the downtown area which have meters that currently expire at 9 pm will now be extended an hour until 10 pm. […]
Take a peek at the current newsletter & video! Some of the sights and sounds in Chicago neighborhoods today — jackhammers, saws and cranes swinging overhead — may strike a familiar chord to those who witnessed the real estate boom a decade ago. Now, they’re abuzz again, and builder confidence […]
Thoughts and prayers to those in Boston…. For those who won’t be coming home. Those hurt from the horrific incident. For an entire city. Be strong Boston. The events are still unfolding, but for some, resolution will not come for some time. With a city in mourning, questions unanswered all […]
An independent audit last month revealed that the Federal Housing Administration had a $16.3 billion deficit ($30.3 billion in cash reserves as of Sept. 30 to cover $46.6 billion in projected losses), most of which, accounted for loans backed between 2007-2009. Agency officials however have stressed that it has no […]
Mayor Rahm Emanuel’s plan to position Chicago for the digital age has received a warm reception from telecom providers, with several companies and industry leaders providing a RFI (Request for Information, a preliminary pitch) providing insight on the project. A total of twenty-four companies including Cisco, AT&T, Verizon, Level 3 […]
Wall Street Journal’s Nick Timiraos discussed Federal Housing Authority (FHA) practices that led to its $16 billion shortfall in 2012, what it’s doing about it and the potential of Congress to offer the administration a bailout.
Sept 2012 Newsletter
The development group will be focusing on resuming construction at the 27 story Waterview Tower, which has remained unfinished since work was stopped on the project in 2008. The development group, led by Related Cos., will close on a $115 million dollar construction loan from Bank of American and US […]
So it’s been all over the news that housing recovery is in full force across the country and not just in selective markets. A part of the recovery is due to supply, with inventory lower across all market segments, while real estate sales increasing at the same time from this […]
The official overseeing of the vast pool of mortgages held by Fannie Mae and Freddie Mac has defied the White House and more than 100 members of Congress for the second time by formally rejecting a plan to use bank bailout funds to write down principal balances for underwater homeowners.
With banking institutions unfavorable to homeowners, regulators and policy makers Sandy Weill, the former Citigroup chairman and CEO credited with building the bank into a financial superpower, now says big banks should be split up. Read more at NBC News’ site.
With the housing market still struggling in parts of the country, many policy makers and economists are struggling with ways to help homeowners and the housing market. Sen. Jeff Merkley, suggests that policy makers shouldn’t give up and has offered a new proposal to be released today. He aims to […]
As reported yesterday in Crain’s, the redevelopment for the Rosenwald Courts building, in the Bronzeville neighborhood has been approved, 7-1, and is set to received up to $25 million in tax-increment funding (TIF). The development which will hold 331 units, will have 18 market rate apartments with the remaining homes […]