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Real Estate

CHICAGO, April 23, 2008 -- Despite a nationwide slump, Chicago real estate values are faring quite well. An evaluation of the city’s housing market for the past two years has revealed home prices in nearly 70% of Chicago’s neighborhoods showed an increase. Additionally, 46% of the suburbs experienced an incline in home sales prices from the first quarter ’06 to the same period of ’08. The Chicago communities with the most appreciation for attached properties (condos, lofts, and townhomes) were Douglas, the Loop, Edgewater and Lincoln Park. Detached single-family home prices went up the most in West Rogers Park, Bridgeport, Logan Square, Lincoln Square and Lincoln Park.

BEIJING, April 23, 2008 -- Chicago’s latest and greatest architectural masterpiece is taking the local real estate market international. When it is finished, the Chicago Spire will be the tallest residential structure in the world and developers have already set off across the globe to find buyers for this record-setting piece of property. Even though it is not slated for completion until 2011, the Spire’s team of promoters has done well securing interest overseas. They say they have made sales daily and are drumming up a lot of serious investors. A tour of Asia, with stops in China, Singapore, Malaysia, Japan, South Korea and India, will be followed by visits to Africa, Europe and South America.

CHICAGO, March 25, 2008 -- The first of the Baby Boomers are approaching retirement and some Chicago real estate developers are already starting to build specialty residences to accommodate the growing number of aging homeowners. These properties are designed with the future in mind – which means they offer residents all the comforts of a traditional home, but can be easily altered to maintain accessibility and mobility throughout the occupant’s life. Wider doorways allow for easy wheelchair and walker movement, reinforced walls can support handrails, first-floor bathrooms and bedrooms eliminate stair-climbing, mid-wall light switches and outlets reduce the need to bend down or reach up, lever-handle hardware as opposed to knobs are easier to turn on and off, and entries without steps all make for more convenient everyday living as inhabitants get older.

Other News

CHICAGO, April 23, 2008 -- In order to save money, the Chicago Tribune newspaper is cutting its distribution area and pulling out of major printing sites located outside the city. As a result, some communities in southern Illinois and nearby states will no longer receive the publication. The Midwest edition will be replaced with an extended city edition and an electronic version will also be available for subscribers who are now outside the market.

CHICAGO, March 29, 2008 -- Chicago will join cities around the world today for Earth Hour, a commitment to shut off the lights for 60 minutes in order to cut energy consumption and reduce the carbon footprint on our planet. From 8 p.m. to 9 p.m. central time tonight, Chicago residents, companies and organizations will resort to candle light as they cut the electricity and make a stand against excessive use of the earth’s resources. Even the Sears Tower, the John Hancock Center and Navy Pier will go dark for the event. Show your green side by switching off the lights this evening for an hour.