March 2010

	03/31/10 Renting Downtown: A 21-Year Evolution The new 50-story apartment building opening tomorrow at 215 West Washington Street is only the second rental residential high-rise built in the Loop. The first, 200 North Dearborn, was completed in 1989 and later... Posted at 09:38 AM in Housing Bulletin | Permalink | Comments (0)
	03/29/10 Former Merc CEO Pays Top Price at the Elysian List Price: N/A Sale Price: $6,884,500 The Property: James J. McNulty, the former CEO of the Chicago Mercantile Exchange, has bought the entire 37th floor of the Elysian, the new 60-story hotel-and-condos tower, designed by Lucien Lagrange, at 11 East Walton Street. This is the highest... Posted at 09:29 AM in Sale of the Week | Permalink | Comments (2)
	03/25/10 Lake Forest's Norman Conquest List Price: $7.95 million The Property: When I first visited this Lake Forest house (in 2002, when it was only a year old), I could hardly take my eyes off the living room ceiling, a soaring masterpiece of beams, arches, and planking, all crafted from trees from the same Wisconsin grove. Recently I made a... Posted at 09:12 AM in On the Market | Permalink | Comments (2)
03/24/10 The Moral Dilemma of "Strategic Defaults" Last Wednesday on WGN Radio, John Williams and I were talking about “strategic defaults.” That’s the current term for the situation where people walk away from their mortgaged home, figuring that its value has dropped so far that they will never make anything on it. Williams and I both opposed the practice. Here is how some other people feel. Posted at 07:59 AM in Housing Bulletin | Permalink | Comments (1)
	03/22/10 Builder Gets a Do-Over on Foreclosed Winnetka Mansion List Price: $1.98 million Sale Price: $2 million The Property: A Winnetka mansion that went into foreclosure when its owner, a developer of Chicago condos, reportedly left the country as his business went belly up, is back in the hands of its original builders, who are sprucing it up before putting it... Posted at 08:37 AM in Sale of the Week | Permalink | Comments (4)
	03/18/10 Crisply Contemporary in Ukrainian Village The tightly organized geometry of the façade of this house in Ukrainian Village tells everything you might want to know about the interior. With an exterior like that, the inside is going to have to be light, crisp, and artfully laid out. And it is... Posted at 02:00 PM in On the Market | Permalink | Comments (0)
	03/17/10 Condos Get a New Lease on Life The beneficiaries of the condo bust now include apartment-hunters in West Rogers Park. Apartments in a classic Chicago building—a massive edifice of salmon-colored brick and limestone on the corner of Morse and Oakley avenues—that was being converted to condos in the waning days... Posted at 07:19 AM in Housing Bulletin | Permalink | Comments (0)
	03/15/10 Nobelist’s Prairie Home in Hyde Park List Price: $1,050,000 Sale Price: $975,000 The Property: One of five Prairie-style townhouses on a corner in Hyde Park, this home originally belonged to Robert A. Millikan, a University of Chicago physicist who won the Nobel Prize for his work on electrons and on the photoelectric effect. Posted at 08:00 AM in Sale of the Week | Permalink | Comments (0)
	03/11/10 An Architect’s “Shagadelic” Barrington Home List Price: $1.6 million The Property: Don Erickson, an apprentice of Frank Lloyd Wright’s, designed this 14-room house in Barrington for himself and his family in 1969. “The house was his laboratory,” says his widow, Pat. “He was always doing something new to it.” Posted at 12:23 PM in On the Market | Permalink | Comments (5)
	03/10/10 The Takeover Artists By sifting through builders’ projects that went bust in the Chicago suburbs, Ohio-based M/I Homes is hoping to make its name here as a company that successfully picked up where others left off—and handed off the savings to homebuyers. Posted at 06:50 AM in Housing Bulletin | Permalink | Comments (0)
	03/08/10 Condo Swapping at 900 North Michigan List Price: $5.075 million Sale Price: $4.75 million The Property: In early 2008, a suburban couple paid $4.417 million for a nine-room condominium in a new block of residences at 900 North Michigan (aka the Bloomingdale’s building) that was created on... Posted at 06:53 AM in Sale of the Week | Permalink | Comments (0)
	03/04/10 Former Republic Windows CEO Sells His Condo; Rezko House Sale Richard Gillman, the former CEO of Republic Windows and Doors, has sold his multimillion-dollar condo at 30 West Oak Street. Gillman’s abrupt closing of Republic’s Goose Island factory in December 2008 led to a workers’ protest that drew national attention. Last September the state’s attorney charged Gillman and... Posted at 11:26 AM in Housing Bulletin | Permalink | Comments (0)
	03/04/10 Grace and Space in Lake View List Price: $3.449 million The Property: This four-year-old brick and limestone house in the prized Blaine School district in Lake View takes maximum advantage of its extrawide lot. With a width of 37.5 feet (instead of the standard 25), the lot was able to accommodate an interior floor plan that pushes the stairs off to one side, resulting not only in a four-level box staircase, but also... Posted at 10:02 AM in On the Market | Permalink | Comments (0)
	03/03/10 Cubs’ Marlon Byrd Rents in Lake View—and Spring Has Sprung On Monday, March 1st, the new Chicago Cubs center fielder Marlon Byrd was break dancing at spring training in Mesa, Arizona. Maybe the former Texas Ranger was celebrating the first day of his lease on a 15-room house in... Posted at 07:13 AM in Housing Bulletin | Permalink | Comments (3)
	03/01/10 Old Town Gem Sells at Foreclosure List Price: $1,024,650 Sale Price: $1,195,000 The Property: This 19th-century row house, one block from Lincoln Park, was the subject of a potential seizure order by the U.S. Department of Justice in May 2009, according to documents from the Cook County Recorder of Deeds. Mihai Chezan, the developer who had... Posted at 08:00 AM in Sale of the Week | Permalink | Comments (1)

About This Blog

Categories

• DEQs: Q&A with Dennis Rodkin
• Housing Bulletin
• On the Market
• Sale of the Week

Recent Posts

• Two Competing Views of Belmont Harbor | Comments (0)
• The Mack Daddy of Foreclosure Flippers | Comments (0)
• Rodkin on Building a New Home vs. Buying an Old One | Comments (0)
• A Second Chance for an Uptown Home | Comments (0)
• A Pre-Fire Farmhouse in Lincoln Park | Comments (1)
• Condo Swaps in Itasca | Comments (0)
• Rodkin on Why Sellers Ignore Offers | Comments (0)
• On the Waterfront, Four Big Sales | Comments (0)
• The Queen of Terra Cotta Row | Comments (1)

Archives

• February 2012
• January 2012
• December 2011
• November 2011
• October 2011
• September 2011
• August 2011
• July 2011
• June 2011
• May 2011
• April 2011
• March 2011
• February 2011
• January 2011
• December 2010
• November 2010
• October 2010
• September 2010
• August 2010
• July 2010
• June 2010
• May 2010
• April 2010
• March 2010
• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007

Feed

Subscribe to the Deal Estate Feed »