Addison
REAL ESTATE
Mortgage payments have grown the most in this U.S. city over the past 2 years—it's not New York or San Francisco
With steep mortgage rates and rising home prices, the cost of financing a home has grown 22% in the last two years, although it varies widely between markets, according to online realtor Redfin. Since May 2022, homeownership costs have grown twice as fast as incomes, putting the dream of owning...
Residential development Porter opens in Oak Park
Porter, a new residential development at 1105 Pleasant St. in Oak Park, will have its grand opening and ribbon-cutting ceremony from 5 p.m. to 8 p.m. June 6. The complex is a seven-story tower with 158 apartments, including studio, one-, two- and three-bedroom units and maisonette homes. So far, about...
Chicago plans to spend millions in subsidies to renew downtown
CHICAGO (NewsNation) — In major cities across America, real estate worth billions of dollars is sitting empty. Skyscrapers and new developments have struggled to lease space and pay higher interest rates. Vacancy rates on the rise. In Chicago, the birthplace of the skyscraper, the total downtown office vacancy rate...
Craig Hogan and Rudy Zavala make the move to E&V Chicago
Teammates Craig Hogan and Rudy Zavala are transitioning to Engel & Völkers (E&V) Chicago, where they will serve as luxury real estate advisors. Previously, Hogan and Zavala were brokers with the GC Luxury Group at Coldwell Banker Realty, focusing on neighborhoods throughout the city’s North Side and the Loop areas.
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