Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]
Two false labels are attached to Chicago Mayor Brandon Johnson’s push to tax high-dollar real estate sales. It’s not a “mansion tax.” It taxes mainly businesses. It won’t help “Bring Chicago Home.” It will fuel businesses moving out. The City Council approval of Mayor Brandon Johnson’s “Bring Home Chicago” plan to put a real estate […]
Without no increase in inventory, prices stayed on the rise in October 2023 as home sales continued to fall according to new data from Illinois REALTORS®. Statewide, home sales dropped 8.5% year over year, to 10,705 homes sold (including both attached and detached). Meanwhile, 21,287 total homes were for sale, a whopping 25.5% decrease from […]
From the outside, it looks like a magical English cottage house tucked away on a quiet neighborhood street. Green and amber-colored leaves softly surround the Tudor windows and walls, and shrubs, hedges and seasonal flowers sprinkled with string lights line the property. Inside, you step into a different world: wellies (available for guests to borrow) […]
From the outside, it looks like a magical English cottage house tucked away on a quiet neighborhood street. Green and amber-colored leaves softly surround the Tudor windows and walls, and shrubs, hedges and seasonal flowers sprinkled with string lights line the property. Inside, you step into a different world: wellies (available for guests to borrow) […]
Described as an “awe-inspiring visual spectacle,” a recently listed Illinois home brings with it something that is “truly out of the ordinary.” Hitting the market at $4.5 million, the “impeccably restored” 1898 Victorian home sits on 55 acres of land in Lexington, Illinois, just outside of Bloomington. “The stately 5 bed/4.5 bath home is made […]
Hitting the market at $4.5 million is an “impeccably restored” 1898 Victorian home sitting on 55 acres of land in Lexington, Illinois, just outside of Bloomington. But there are some unexpected features that make this property even more out-of-the-ordinary. Full listing here. 40 photos 1/40 Joe Cawthon 2/40 Joe Cawthon 3/40 Joe Cawthon 4/40 Joe […]
Good morning, Chicago. Earlier this year, Los Angeles hiked a transfer tax imposed on pricey real estate purchases, a move designed to generate revenue to fund homeless services. Advertisement The measure, which hits both commercial and residential properties, bears a striking resemblance to the “Bring Chicago Home” proposal up for a citywide vote next March, […]
Earlier this year, Los Angeles hiked a transfer tax imposed on pricey real estate purchases, a move designed to generate revenue to fund homeless services. The measure, which hits both commercial and residential properties, bears a striking resemblance to the “Bring Chicago Home” proposal up for a citywide vote next March, and has so far […]
Five years after flagging Naperville for failing to have enough affordable housing, the state has officially recognized the city is chipping away at the problem — or at least it’s trying to. Earlier this year, the city submitted an affordable housing plan to the Illinois Housing Development Authority outlining how the city’s long standing dearth […]
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]
The Building Owners and Managers Association of Chicago (BOMA/Chicago) has selected 190 S. LaSalle as its new headquarters. The relocation was precipitated by the sale of 115 N. LaSalle, BOMA/Chicago’s current home, to the State of Illinois last year. “Our goal was to reaffirm our industry’s commitment to the Central Loop while expanding our capacity […]
Two investors in healthcare properties have paid almost $71 million for a medical center west of Chicago in a deal that demonstrates how single-tenant properties with long-term leases are relatively immune to broader real estate market challenges. Remedy Medical Properties and Kayne Anderson Real Estate this week announced their acquisition of the Rush Oak Brook […]
Chicago voters will be asked in March to approve a binding ballot referendum to significantly increase the real estate transfer tax for property transactions of more than $1 million to fund a dedicated revenue stream for the unhoused. The cause of fighting homelessness is noble. However, the Bring Chicago Home proposal supported by Mayor Brandon […]
Have you noticed more fixer-uppers sporting fresh, bright “Sold” signs in your Chicago neighborhood recently? If so, you’re witnessing first-hand the growing popularity of house flipping in Illinois. Lean more about house renovation businesses here. With housing inventory tight and home prices rising across Chicagoland and beyond. Investors are capitalizing on the demand by buying […]
JVM Realty Corp., a multifamily real estate investment and property management firm, has acquired Ellison Apartments, a newly constructed, 113-unit luxury apartment community in Des Plaines, Illinois. “This property aligns perfectly with our investment approach, emphasizing quality and convenience for our residents and exceptional value for our partners,” said Jay Madary, president and CEO of JVM. Located […]
The editorial praising class-action real estate commission litigation (“Relief from high Realtor commissions would come at just the right time for Chicago,” Nov. 3) displays a stunning lack of awareness for how real estate brokerage actually works. Steeped in cynicism and void of research, the editorial denigrates the work of more than 50,000 Realtors in […]
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman […]