Category Archives: New Developments

Groupon Co-Founders Slated to Become some of the Wealthiest Men in Chicago

Groupon, the Chicago-based tech company, announced recently that it will present its customers and competitors with an IPO (initial public offering) sometime soon.

Groupon also announced that this IPO will likely be worth about $30 bullion. And, if that estimate is correct—as most financial experts believe it to be—then Groupon’s three co-founders and major shareholders will soon become some of the richest men in Chicago.
The first of these co-founders, Groupon chairman Eric Lefkofsky’s stock would be worth roughly $6.48 billion immediately after the IPO, and he would become the richest man …

by Lindsey Anderson on June 22, 2011

RealShare Chicago – How to Buy and Sell in Chicago

On June 16th, hundreds of real estate investors, innovators and owners will make their way over to RealShare Chicago, an annual event that will be hosted at the Renaissance Chicago Downtown Hotel.
Many industry experts are on the roster of speakers giving presentations and serving on panels at the event, and more are being added all the time.
Speakers this year include Sue Blumberg,  managing director of NorthMarq Capital’s Chicago branch, Anthony Manos, COO of BentleyForbes, and Christopher Connelly, senior managing director of CB Richard Ellis. These experts, and many more, will …

by Lindsey Anderson on June 20, 2011

Wright Campus Luxury Condominiums to be Auctioned on July 31

A developer is looking to sell 22 beautiful luxury condominiums in an auction on July 31st, so as to save the time and expense of putting them all on the market. In auctioning these new units off, the developer will be passing the savings onto the customer.
The auction company Rick Levin & Associates, Inc. will be starting bids at a mere $125,000 for a third of the units, a steal compared to the original $349,000 list price for most of the units. Every unit comes with an indoor heated parking space included …

by Liz SanFilippo on June 17, 2011

Tribune Employees Sue Real Estate Developer

Dozens of former Tribune writers, editors, publishers and executives are suing real estate developer Sam Zell over an agreement that has been dubbed “the deal from hell.”
These newspaper employees accuse the real estate developer and Tribune owner of saddling the newspaper with excessive and unmanageable debts. They also accuse him of using their retirement funds to pay off and appease his wealthy share holders.
According to the plaintiffs, the company’s major share holders benefitted immensely from the $8.2 billion dollar takeover of the Tribune that took place recently. Conversely, many …

by Lindsey Anderson on June 16, 2011

Lincoln Park 2520: The Evolution of Elegance in Chicago

Lincoln Park 2520 may still be under construction on 3.25 acres of land at 2520 N. Lakeview, but it’s already shaping up to be the new standard in luxury living in Chicago. Designed by architect Lucien Lagrange, Lincoln Park 2520 offers amazing amenities inside and out of the 228 units spread across 39 floors. See photos here.
Buyers can choose from 50 different floor plans that range from one bedroom condominiums to four-bedroom units and full-floor penthouses. Due to the building’s angled position, it also offers exquisite views of not only …

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by Liz SanFilippo on June 9, 2011

Streeterville Landmark Slated to Be Destroyed

The clean lines and curvilinear forms of the former Prentice Women’s Hospital, in Streeterville, are under attack.
The building, which most Chicagoans still refer to as the Prentice Women’s hospital, was designed and constructed by the renowned Chicago architect Bertrand Goldberg in 1975. Emblematic of Goldberg’s modernist style, the hospital features the curving lines and soft geometry that so often appears in his work.
Many Chicagoans believe the building to be an iconic part of the Streeterville landscape—and for good reason. The building is visible from Lake Michigan, and it can even …

by Lindsey Anderson on June 8, 2011
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