Archive for September 2010

Foreclosure Halt: JPMorgan Chase Puts On the Brakes

JPMorgan Chase is the second big bank (GMAC was the first) to announce a halt in foreclosures.    This is all part of an effort to review documents for errors.  REALTOR Magazine reports:“If more problems surface, they are likely to slow the foreclosure crisis still more, making it drag on for several more years, other analysts... Read more »

The End of The Great Recession: Are We There Yet?

Image Courtesy of Socialist We can all just breath a sigh of relief, the recession is over.  As a matter of fact, it ended back in June of 2009- didn’t you notice? NBER, the National Bureau of Economic Research, has crunched some serious numbers and, based on their findings, have concluded that this baby is... Read more »

Virtual Staging: Is it Fair?

It’s all about the photos… Image Courtesy of ObeoSphere Agents agree that vacant homes are typically more difficult to sell. Instead of hiring pricey home staging companies, more and more agents are turning to virtual staging.    If a photo is virtually staged, some disclosure (usually in the form of a caption) is required.  What you don’t... Read more »

Space Saver: Dining in Tight Quarters

Capria Dining Set There is no such thing as too much space… Unfortunately, we aren’t always lucky enough to have that problem. Small spaces challenge us to be more creative and finding functional furniture is essential. I first spotted this gem in one of the model units at 1 E 8th St.  It is... Read more »

Putting On The Ritz (Carlton)

Crain’s is reporting that the Residences at the Ritz Carlton can add a few more notches to their belt.  In the past three months, Prism development has put another 3 unit under contract.  Admittedly, these are the only 3 new units under contract this year  (Bruce Shultz, Prism Principal) Rendering of the Residences at the... Read more »

Chicago Magazine Ranks The Top 40 Buildings: The Number 1 Overall?

No big surprises here: Rank #1 OverallHancock Building875 N Michigan175 E Delaware750 Total Units, 100 Floors An iconic building to call home (or second home), the Hancock takes top honors in Chicago Magazine’s list of the Top 40 Buildings in Chicago.   Currently Available:Studios range in the low to mid 200s – 4 available1 Bedrooms range... Read more »

Chicago Magazine Ranks The Top 40 Buildings: #3 860-880 Lake Shore

Rank # 3860 and 880 Lake Shore DriveBuilt 1951 880: 159 Units, 26 Floors860: 96 Units, 26 Floors A 2 bedroom living room with a view Courtesy of Chicago Magazine These Mies van der Rohe masterpieces are an architecture buff’s dream.  Built in 1951, some units are original condition and have been either meticulously maintained... Read more »

Chicago Magazine Ranks The Top 40 Buildings: Marina City #14

Marina City Courtesy of TheFirstFew Rank #14Marina City 300 N StateBuilt 1964896 Units – 61 Floors2 Towers Got corncobs?  These two towers make up a very recognizable feature of the Chicago skyline   The pie shaped units have sweeping balconies with some of the best city and river views. Current Availability:There are 29 units (including studio,... Read more »

Chicago Magazine Ranks The Top 40 Buildings: Aqua #22

Aqua Chicago Rank #22Aqua 225 N ColumbusBuilt 20091070 Units* / 81 FloorsAmenities:Indoor lap pool, Outdoor Pool, Media Room, 2 Party Suites, Fitness Center, half basketball court, running track, coffee shop, dry cleaners, and guest suites. Current Availability View from Aqua Balcony Courtesy of Magellan Development Rental Rates Studio $1585-1697 Convert. $1750-1940 1 Bedroom $2158-2592 2... Read more »

Chicago Magazine Ranks The Top 40 Buildings: Lake Point Tower

Rank #26Lake Point Tower 505 Lake Shore DriveBuilt 1968720 Units / 70 Floors Amenities:  This building boasts its own private elevated park, indoor and outdoor pools, a health club, dry cleaner, and more.   Image of Lake Point Tower’s Skyline Park Courtesy of Paul LeRoux and Gary Wilson Current Availability: There are currently 32 units listed... Read more »