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Rex Grossman, White House, condo prices in this week's real estate news

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Maureen Wilkey

Writer on real estate from any angle

Here's a round- up of the real estate news from this week:

- Rex Grossman took a $700,000 hit on his Trump Tower condo: The Sun-Times reports the 36th floor, 2-bedroom, 2-bath unit sold for $2 million,  after Rex bought it for $2.68 in 2008.

-The White House has declined in value, according to Zillow: The 55,000 square foot, 132 room house is down from $308 million to $292.5 million- a smaller drop than the last year Bush lived there, when it fel from $331 million.

-Chicago area condo prices are back to 2004 levels: Condo owners are a bit better off than single family homeowners, whose properties are still at 2003 levels, according to the Tribune. Showing once again that homes don't always gain value.

At properites is now the #1 brokerage in Chicago: PR Newswire reports that the 10 year old local firm topped Coldwell Banker in the city with a 28 percent market share.

St. Stephen's apartment complex sold : Rogers Park based developer Barry Chernawsky bought the property for $4.6 million, from a Los Angeles based owner.

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