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Spire Woes Cut Developer Deeply
4 February 2010 – Chicago’s perpetually troubled Spire project has begun to cut deeply into developer Garret Kelleher’s international firms. Ireland-based Clarinabbey Ltd, a subsidiary of Kelleher’s...
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Chicago South Side Home Recognized for Role in Desegregation
11 February 2010 ? Chicago City Council voted yesterday to grant the Lorraine Hansberry House landmark status, a result of the home’s critical role in early desegregation movements. In 1937, the...
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Ups and Downs of Real Estate Commission Cutting
Saving Your Pennies? The struggling real estate market has forced sellers to look for creative solutions to squeeze dollars out of their sale to break even or minimize their loss. More and more...
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Local Investors Eye Blues Brothers Mall Site
18 February 2010 ? In 1979, producers of “The Blues Brothers” brought to life and then destroyed the old Dixie Square Mall in Harvey. The mall had been closed for a short period before the film’s...
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Aqua Named 2009 Skyscraper of the Year
25 February 2010 ? Tuesday was a big day for one of Chicago’s newest skyscrapers, located at 225 N. Columbus in the Lakeview East development. The Aqua, a 82-story residential building was named 2009...
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Loop Commercial Vacancies on the Rise, Rents Falling
4 March 2010 Jones Lang LaSalle, Inc, just published the 2010 Chicago Skyline Review, its graphic report that highlights the downtown rental market. While vacancies in some key buildings are limited,...
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Loop Buildings Changing Hands
12 March 2010 While the market for loop office buildings has been stagnant, the family that makes Jose Cuervo was expected to close yesterday on 303 W. Madison for more than $60. This will be the first...
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Trouble in the Purple Palace
18 March 2010 You either love it or hate it – the iconic purple brick hotel at the corner of Touhy and Lincoln. Previously a Hyatt, the hotel has allegedly been the site of a mob hit, raucous sex...
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Home Valuation – Who, What, and How
Comparing Apples to Apples I recently spoke with a long-time client who is considering refinancing their home to take advantage of today’s low interest rates. The client had called her mortgage banker...
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Negotiating – A Lost Art
At least fake that you like the other side of your negotiation. Today’s chaotic market presents pricing, communication, marketing and mortgage challenges that vary with each transaction, each listing,...
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