Ad Categories: Real Estate

You might expect the guy who built and sold one of the more expensive “green” houses in Chicago to be a lifelong environmentalist whose crusade is finally paying off. But no: Paul Ahlrich initially jumped onto the green housing bandwagon for the potential payoff. “I did these [houses] to learn how to build green so I could keep making money in a bad market,” Ahlrich says of the houses at 2652, 2656, and 2658 West Walton Street; the westernmost house (2658) sold on July 27th for $923,000…

Six years ago, when Golub & Co., the Chicago-based real-estate development company, announced plans to build a high-rise rental-apartment building at 345 East Ohio Street, it seemed like a distinctly contrarian choice. At the time, virtually everyone with a piece of land downtown was building condo towers.

Look at how things have changed: Completed a year ago and dubbed the Streeter, the 481-unit building, now almost fully rented out, was sold last week to the State Teachers Retirement System of Ohio, reportedly for about $210 million…

The growing number of foreclosures has already wiped out several mortgage companies and many families’ financial footholds. Now some observers say it could turn back the clock in some inner-city neighborhoods and moderate-income suburbs that had shown improvement over the past decade. Although foreclosures are occurring at every income level, they tend to be isolated … Read more