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Posts tagged "condo"

Can the Homeowner Associations Resurrect Condo Sales?

A funny thing happened during the real estate boom: Condo owners became vital businesspeople and condo boards (pictured) became crucial to their building’s future. Whether they wanted to or not, the individuals behind the Homeowners’/Condo Associations often times determined the fate of their entire building, and, to some degree, the Chicago condo market. One developing... Read more »

New Rules for Converting to Condo

Mayor Richard M. Daley announced new regulations yesterday targeting apartment landlords who convert to condos. Daley will formally introduce the proposal at the City Council meeting on Wednesday, Sept. 8. Under the new plan, developers and building owners will be required to give more notice to renters that their units are going to be converted... Read more »