Archive for January 2011

West Loop Development: New Home For Mentally Ill?

West Loop development RD659 has 19 remaining units and Mesirow Financial has a plan that have caused some eyebrow raises…. The internet is abuzz after Crain’s Real Estate Daily reported that Mesirow is in works to sell the remaining units to Thresholds, a non-profit that supports the mentally ill.  We can expect a circus to... Read more »

One Museum Park: Shipka's Suing Mad

One Museum Park Courtesy HuenElectric You won’t like Ron when he’s angry…. (we’re talking Shipka- not Weasley) One Museum Park East, the blue beauty towering just South of Roosevelt has a secret.  Amidst the collapse  temporary recession of the South Loop market , the developers of this Museum Park project are at odds with current... Read more »

JPMorgan Chase Buying Aqua?

JPMorgan Chase Buying Aqua?
JPMorgan Chase confirmed to Crain’s that it is moving forward with a 182M deal to buy a majority stake in Magellan’s Aqua Tower. This news comes a few months after Behringer Harvard withdrew their 189M offer. Reasons for the big sale moving forward? Though big apartment investors went into hiding during the financial crisis, they... Read more »

Parking Rates Increasing- Again...

Having guests over to your crib sometime soon?  Make sure they bring a few extra bucks… Chicagoans have bragging rights for the most expensive parking rates in the US beating out LA and NYC.  Though meter rates technically went into effect on the first but it may take some time to update all of the... Read more »