Category Archives: Chicago Lifestyle

Real Estate Player Could Move into the Original Chicago Playboy Mansion

Did you tune in last month to see the pilot episode of the new NBC show the Playboy Club? If you did, you certainly weren’t alone. Millions of people watched the first episode of the hit TV show, and most of them were drawn in by the show’s dreamy sets and the lavish interior of the club.
“However,” according to Forbes.com, “anyone who’s anyone must know the fun definitely did not start or stop at The Playboy Club. In those days, only a few privileged socialites were invited to the real …

East Coast, West Coast, Third Coast: An Interview with Someone Who’s Seen it All

Some Americans settle down easily—They find a city that they love and they stick with it. Others seem to have a bit of wanderlust—They move from place to place often.
Today we interviewed Hanna Perry, a working woman who lived in New York, New York and Portland, Oregon before settling in Chicago last year. We asked Hanna to tell us a bit about how these major metropolises on the coast stacked up to the Windy City.

You grew up in Massachusetts, didn’t you?
Yes, I grew up in western Massachusetts, in the Berkshires. …

Luxury Units Limp Behind Lagging Real Estate Market

According to the Chicago Tribune, new luxury constructions are few and far between these days, but that doesn’t mean that they’re entirely non-existent.
As many Chicagoans already know, construction continues on the much-anticipated Lincoln Park 2520, a luxury high-rise featuring thirty nine residential floors and many more individual units. Construction has also begun on a Ritz-Carlton located along the north side of Michigan Avenue, a new hotel which will include eighty eight long-term residential units.

“The two high-rises share the notable distinction,” the Tribune reports “of being the only sizable Chicago condo buildings that …

Who Will be the next Chicago Housing Authority Chief?

Parkside_of_Old_Town

 
According to The Chicago Tribune, “Mayor Rahm Emanuel is down to two candidates for the top post at the Chicago Housing Authority, a job whose chief concern will be dealing with a stubbornly anemic real estate market that has hampered efforts to create vibrant mixed-income developments where crime-ridden high-rises once stood.”
“Those developments are the linchpin in the CHA’s $1.6 billion Plan for Transformation, launched in 1999 and now expected to be completed by 2015, five years past the original target date.”

Earlier this year, the former Chicago Housing Authority, Chief Lewis …

Stock Market Slump Affects Real Estate Prices

Homes for Sale in Chicago

In spite of a small gain earlier this week, the stock market is still suffering, and many real estate experts are beginning to wonder whether or not this economic downturn will make the real estate market worse. Among them is the real estate reporter A.D Pruitt.
According to Pruitt “Commercial real estate could be losing its appeal as a safe-haven investment given the market turmoil and constrained bank financing.” Pruitt believes that “The stock market performance of real estate investment trusts, while still healthy, is down from a two-year hot streak.”

And …

Don’t Flip Out: House Flipping Trendy in Chicago

With few job prospects available to them, many people have begun to pursue more and more unusual career paths to make ends meet. One Illinois woman has actually taken to “flipping” houses for a living.

Cynthia Block, of Knoxville, Illinois, has created a career for herself buying up old homes, remodeling them, and selling them at a profit.
According to a reporter for the CarmiTimes, “Despite having a master’s degree in business administration from Regis University in Denver, Cynthia Block returned to the area two years ago from Cincinnati and found a …

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