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A rendering of Tribune Tower East, a proposal from developers CIM Group and Golub & Company, released by the City of Chicago.

Aldermen on Tuesday advanced a proposal to build what could become the second-tallest building in Chicago — and the third tallest in the U.S. — on what is now a parking lot next to the Tribune Tower on Michigan Avenue.

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(WTTW News)

Cook County Board President Toni Preckwinkle backed an effort Wednesday to give property owners a bit of financial “breathing room” by waiving late fees on second-half property tax bills due Aug. 3.

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(WTTW News)

Chicago real estate developer Sterling Bay is looking to cash out on the fast-food giant’s headquarters. 

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A photo of 150 N. Riverside Plaza, center. (Steven Vance / Flickr)

The Chicago firms that built a prominent West Loop skyscraper three years ago are shopping for a new investor to recapitalize the property or even buy it.

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The final building Louis Sullivan helped design is now for sale in Lincoln Square. (Steve Silverman / Flickr)

Never mind the square footage, floor plan or estimated property taxes. The primary selling point of this two-story mixed-use building rests almost entirely in its exquisite facade, which bears the unmistakable mark of the man who designed it.

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Chicago’s Fulton Market District in 2015. (Seth Anderson / Flickr)

A fast-growing construction and design firm is buying almost a full city block near the eastern end of the Fulton Market District.

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(Credit: The Obama Foundation)

The proposed 20-acre Obama Presidential Center in Jackson Park is raising new concerns about property values and lower-income residents getting pushed out of the area.

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Astor Street in Chicago’s Gold Coast neighborhood. (leyla.a / Flickr)

Not a single home in the Chicago area sold for $4 million or more in January. It’s another piece of evidence that the top of the residential real estate market has sagged dramatically.

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The CNA Center in 2010. (Antoine Taveneaux / Wikimedia Commons)

One of the standouts on Chicago’s skyline is changing hands.

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Chicago’s popular 606 elevated trail. (WTTW News)

Chicago’s popular 606 trail has led to skyrocketing property values in the surrounding area. Several aldermen now say they want to hit pause on some development because it’s leading to displacement of longtime residents. But the plan has its critics.

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Chicago’s Fulton Market District in 2015. (Seth Anderson / Flickr)

A Texas developer is set to make a bold bet in the Fulton Market District and hoping to help jumpstart Chicago’s life-sciences industry in the process.

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(Stephen M. Scott / Flickr)

A bipartisan task force was established last spring to tackle the issue of the state’s high property taxes. But that task force is now being attacked by Republicans, who say their ideas and contributions have been ignored. Is that the case?

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Jonathon Solomon, left, of the James R. Thompson Center Historical Society introduces his group at the start of their public tour. (Evan Garcia / WTTW News)

The state says the building is too expensive to maintain and repair, but architectural activists are determined to highlight its unique features and its role in the city’s past, present and future.

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(Stephen M. Scott / Flickr)

According to the S&P CoreLogic Case-Shiller index, single-family home values in the region grew by 0.6%, compared with the same period last year.

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(WTTW News)

For the first time in over a decade, Chicago has a stand-alone Department of Housing dedicated to providing affordable options for city residents. How that department plans to increase affordable housing and fight segregation. 

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(Ken Teegardin / Flickr)

Is the mayor’s plan for a real estate transfer tax hike dead on arrival or could a new so-called win-win compromise supported by some Democratic lawmakers create a path forward?

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