When a Word is a Misnomer – “Auction” of Condos in Chicago’s South Loop Tower
Words have meaning. But what about when the word doesn’t gain traction? Like when an auction results merely in sales at market price. I don’t think that’s what folks had in mind last week in Chicago. But most weren’t deterred in signing inviolable contracts.
Thinking of Chicago’s Roger Ebert and His Half Movie Star Reviews
Chicago movie reviewer Roger Ebert was especially worth reading when he panned a movie. Thoughts of Ebert filled my head when I read a NYT review this morning of “The Blind Side.” One line in particular struck me, talking about “seeking maximum uplift” while “shedding nuance and complication.”
Hung Out to Dry – Clotheslines, Laundry and the Chicago Real Estate Market
Blame? An article in today’s New York Times credited laundry on a clothes line with her inability to sell a home. That’s a new one. But rather than air my “dirty laundry,” I am heartened by legislative support for folks who want to go green and air-dry their damp clothes. One quick caveat – homes tend to not sell due to two reasons – price and consumer confidence. Fortunately data for the past two-plus months has shown an uptick.
Splurge to Merge or Purge – Chicago Real Estate Brokerage Buying Spree
The Chicago real estate market is abuzz with activity as brokerage a buys brokerage b. Last week came word that long time independent firm Rubloff had been acquired by Prudential Preferred. Amid the din one thing remains consistent, the top placement in the Chicago market of my brokerage, @properties.
Eight Fewer Floors at 2520 Lakeview in Chicago’s Lincoln Park
My clients joke about “a little off the top” as a price lower than what they wanted. The luxury project at 2520 Lakeview in Lincoln Park has gone a step further with “a little of the top” being the removal of eight floors from the design. It adds up to one-third fewer units and a higher percentage of units now under contract.
