City has big Plans to Straighten out North Lake Shore Drive By Jim Vail Last month Chicago Alderman Brian Hopkins – whose 2nd Ward runs along parts of LSD – met with delegates of the Lakeshore Improvement Committee for a detailed discussion and progress update on the Lakeshore Improvement Plan. […]
Chicago
Home buyers are looking for home offices to serve more than just a space to do work in.
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.
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
Luxury is back – and in a big way. Sales of homes priced at $1 million or more in the Chicago area jumped 33 percent in 2013 from the year before, according to a recent Chicago Magazine article. The increase was spurred along by the improving housing market and economy, […]
A Chicago ordinance takes effect Tuesday that will offer additional protections, including funds to offset tenants’ relocation costs, in rental buildings in the city.
With the economy in recovery, many of the storefronts that went vacant are slowly being filled with new tenants, new businesses and helping spur growth. The average vacancy rate at U.S. retail property in the second quarter fell to its lowest level in more than three years to 10.5%, down […]
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 […]
The Census Bureau reported this week that housing starts, which measures new home construction, rose nearly 28% between February 2012 and February 2013. Many national builders have also reported been reported increases in buyer demand. Lennar for example, has reported more than a 33% increase in sales of homes. Even […]
While housing seems to continue to show signs life, it will be an ongoing fight. The month’s supply of inventory for Chicago single family and attached condos and townhomes are both below four months (rate at which the current inventory will take to sell, based on current sales rate) indicating […]
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 […]
Sept 2012 Newsletter
As the summer comes upon as, one of the busiest rental seasons is expected. With the expected high demand of rentals, developers are rushing to meet the demand. Occupancies in Class A apartment buildings in the Chicago downtown area are hovering around 95% (Appraisal Research Counselors), and developers are more […]
Something for your Friday! Artist Chris Pritchard highlights the beauty of Chicago in these beautiful time-lapse HD videos. Set to an amazing score, the city comes to life:
For the past few years, I have been explaining deconstruction to clients, and lately it seems to be growing in interest and curiosity. Deconstruction is the process of salvaging materials from a home. Both raw and finished materials could be salvaged and reused in a new home, or even donated […]
Fannie Mae and Freddie Mac sued the city of Chicago on Monday over an ordinance that makes mortgage creditors liable for the upkeep of vacant properties. Lenders are liable for fines up to $1,000 if they do not maintain the property, or provide basic care / upkeep. Currently, the city […]
The robo-signing scandal that rocked the real estate industry at the end of 2010 was one more black mark on the U.S. housing market. But in retrospect, it may wind up being the best thing that happened to home sellers this year. That’s because the resulting foreclosure moratorium kept hundreds […]
Dreaded property tax bills are expected to hit Cook County mailboxes the first week of October, and homeowners might find them a bit plumper than last year despite the continued housing market malaise. Figures released Thursday by County Clerk David Orr showed that Chicago residential, commercial and industrial property owners […]
Many lending institutions are facing a large inventory of foreclosed properties. Many of them have sat vacant after foreclosure for lengthy periods of time and have fallen into disrepair, vandalism and theft or even fraud in some cases. There have been many ideas presented, but the growing inventory, limited resources […]
It could be coincidence; it could be the sum of several factors. Maybe it is just my imagination… I was at the office tracking weekly market trends and activity on listings. It started with Memorial Day, and considering the gloomy news, warm weather it’d be hard not to find people […]
Just listed in Back of the Yards (New City): Newly constructed single family home enclosed with wrought iron fence on oversized corner lot. Two story brick home with full finished basement. Published on http://RealtyEvolved.net
Updated Chicago real estate statistics for May 2011.
Air sealing is a new program and People’s Gas wants to test it out through a small pilot program. The timeline is fast approaching so take action soon if interested. From CNT, a division of Center for Neighborhood Technology. CNT Energy is partnering with the Chicagoland Natural Gas Savings Program […]
I am happy to introduce LaManda Joy, author of the edible gardening blog TheYarden.com and founder of The Peterson Garden Project (which by the way we are raffling off two open bar tickets to their next event) which is a revival Victory Garden in Chicago’s 40th ward. She wants everyone […]
It was recently reported that the U.S. Environmental Protection Agency has demanded that the Chicago River be cleaned up enough for recreational activities such as swimming, canoeing. The Cal-Sag and Little Calumet River is also included as part of cleanup efforts as reported by the Chicago Tribune. The IL EPA […]
SWING INTO SPRING 2011!!! A fundraiser is being held for the Peterson Garden Project with a portion of the sales from the architectural & artifact sales going to the garden. Subscribers to my blog will have a chance to win a pair of open bar tickets to the event on May 26th.
With homeowners staying longer in their home, and expected buyers planning for longevity, many are coming back to basics – location. Among them, accessibility to transportation, neighborhood walkability and area schools are among the most important. For families, schools are extremely vital factor as they can influence choice of residence/neighborhood […]
There has been a lot of uncertainty in the marketplace lately. In the news there are reports of recovering taking longer, recovery happening now and even announcements that home sales are up. So what are we to expect, or believe when it comes to the future of the housing market? […]
Taking Inventory: Supply Picture Slowly Improving One closely watched gauge of the local real estate market is Months Supply of Inventory (MSI). MSI forecasts how long it would take to sell off the remaining supply of active listings given the current pace of sales. As a general rule of thumb, […]
(Crain’s) — Four development teams have made the first cut in the competition to redevelop the Children’s Memorial Hospital property in Lincoln Park, a parcel coveted by developers for its location and size. Nine groups submitted proposals for the six-acre site in December, but Children’s Memorial released a short-list Friday […]
The weekly statistics for distressed and traditional real estate sales have been updated for last week. An index of local home prices fell in December for the fifth straight month, hitting its lowest point since the summer of 2001. The growing concern is over the “shadow inventory” or foreclosures/soon-to-be-foreclosures that […]
Monthly statistics through February have been posted! Supply seems to be lessening for residential. Lots of activity for commercial and industrial properties as contracts written and sales are up. Activity in vacant lots is heating up earlier as well than last year. View the residential real estate market dynamics analysis […]
WSJ just published an article stating that the housing crash may have been more severe than what initial estimate show. The National Association of Realtors as well as CoreLogic (real-estate analytics firm) both have varying results from 2010. There are several reasons for the discrepancies. The 2010 Census didn’t include […]
Landlords, and investment owners should be aware of the changes in the landlord and tenant laws which may affect their rental properties. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
The third worst snowstorm in Chicago’s history has reinforced the importance of heating / heat-loss, building envelope and preventative measures.
It’s been an exciting past few months here. A lot of the planned changes are now in development or being tested which I am looking forward to in the coming weeks. One of the major changes will be a revision of the entire site. We’ve been working on several concepts […]