Mayor Brandon Johnson recently announced a new proposal dubbed “Bring Chicago Home,” which would raise about $100 million dollars to fight homelessness by raising taxes on all sales above $1 million, and then an additional hike on sales of more than $1.5 million dollars.
chicago real estate
Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties has died due to complications from a recent illness. He was 81.
The historic LaSalle Street corridor has been an economic engine for the city since the turn of the last century. But in recent years, the once vibrant financial district has suffered as major banks that anchored the area moved elsewhere in the city.
A look at the Chicago residential property market as we head into 2023 after a year of interest rate hikes.
Illinois Attorney General Kwame Raoul is calling for more federal protections for airline travelers, a major snack company is selling its gum business and a phone app company is expanding in Chicago.
One of Chicago’s fastest-growing companies looks to shed half of its headquarter space in the Loop. A glimmer of hope for suburban renters as rent prices rise. And the Wirtz family takes on a project off the ice.
Property owners will receive their tax bills soon — and homeowners might be a bit let down. Zoro, an e-commerce platform for business supplies, is joining the list of companies moving from the suburbs to the city. And McDonald's is rolling out what they say is their largest global campaign to date for the World Cup.
Walgreens backs a deal to purchase a medical center company. The owners of a landmark hotel on Michigan Avenue are hunting for a buyer — again. And a new report finds Chicago’s affordable housing problem isn’t as bad as some other cities.
Chicago biotech company Tempus raises hundreds of millions of dollars in funding from some big-name players. And another apartment building is proposed for what has become Chicago’s hottest neighborhood for multi-family units.
Two Chicago high-rises hit the market, leaving more than 700 downtown apartments up for sale. And a loan tied to a distressed hotel in River North sells at a steep discount.
There’s good news for those apartment hunting in downtown Chicago as record-high prices begin to cool off. And airline passengers will have more power and goodwill under a new federal proposal that would force fees to be disclosed.
The proposal from Glenstar at 8535 W. Higgins Road will build the 41st Ward’s first affordable housing in decades amid a cluster of hotels and office mid-rises along the Kennedy Expressway near O’Hare Airport and steps away from the CTA Blue Line.
The committee vote represents a nearly unprecedented rebuke of the decades-old tradition of giving alderpeople the final say over housing developments in their wards.
Members of the Chicago City Council have until Friday to respond to 10 questions posed by federal officials probing whether aldermanic prerogative has created a hyper-segregated city rife with racism and gentrification.
The Chicago City Council may be forced to confront the role its decades-old tradition of giving aldermen the final say over housing developments in their wards has played in creating a hyper-segregated city rife with racism and gentrification.
Most Chicago homeowners–with the exception of some 18 aldermen–are facing property tax increases and the prospect of more to come. Will the tax hikes dampen home sales?
