Ponzi scheme fallout: South Side has thousands of distressed apartments

EquityBuild's Shaun and Jerome Cohen and one of the corporation's properties at 7549-7559 South Essex Avenue (Credit: Google Maps)  
EquityBuild's Shaun and Jerome Cohen and one of the corporation's properties at 7549-7559 South Essex Avenue (Credit: Google Maps)  
Ponzi scheme fallout: South Side has thousands of distressed apartments

Keller Williams will cut off agents who leave

Keller Williams CEO Gary Keller
Keller Williams will cut off agents who leave

Tear it down! Couple suing hosts of “Windy City Rehab” want show canceled

2308 W. Giddings Street and “Windy City Rehab” stars Alison Victoria and Donovan Eckhardt
Tear it down! Couple suing hosts of “Windy City Rehab” want show canceled

Let us pay: JDL buying 10-acre dev site from bible college

JDL CEO James Letchinger and Moody Bible Institute (Credit: Wikipedia)
Let us pay: JDL buying 10-acre dev site from bible college

Here are the priciest resi sales in Chicago last week

Clockwise from left: 54 E. Elm Street, 1919 N. Leavitt Street, 451 E. Grand Avenue #4401, 1928 W. Wolfram Street and 55 E. Erie Street
Here are the priciest resi sales in Chicago last week

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Clockwise from top left: 6449 N. Washtenaw Avenue, 6330 N. Oakley Avenue, 4640 S. Keating Avenue, 3983 S. Lake Park and Owner of Coleman Development Corp., Lester Coleman (Credit: Apartments and Coleman Development)

Coleman construction charged with misrepresenting status as minority-owned business

Coleman Development Corporation calls itself a “small minority-owned construction company,” but federal authorities say that did not extend to...

Coleman construction charged with misrepresenting status as minority-owned business
Clockwise from the top left: Bellagio Las Vegas, Blackstone's Jon Gray, Embassy Office Parks in Bangalore, Blackstone's Ken Caplan, Stuyvesant Town, and  Blackstone's Kathleen McCarthy (Credit: Blackstone, Embassy Office Parks, Wikipedia)

How Blackstone became the world’s biggest landlord

Until about a decade ago, Blackstone Group derived most of its profits from traditional private equity. But following a...

How Blackstone became the world’s biggest landlord
Johnson Research Group president Ann Moroney and a rendering of Lincoln Yards

TIF consultant who created “city’s report” on Lincoln Yards was actually hired by Sterling Bay

Local developer Sterling Bay hired the author of a report declaring its $6 billion Lincoln Yards megadevelopment met the requirements for $1.3 billion in...

TIF consultant who created “city’s report” on Lincoln Yards was actually hired by Sterling Bay
EquityBuild's Shaun and Jerome Cohen and one of the corporation's properties at 7549-7559 South Essex Avenue (Credit: Google Maps)  

Ponzi scheme fallout: South Side has thousands of distressed apartments

Thousands of apartments are flooding the market in the South Side after the collapse of two landlords, one following...

Ponzi scheme fallout: South Side has thousands of distressed apartments
Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Keller Williams is cutting off associates who dump the franchise brokerage. Effective April 1, the company’s lifelong profit sharing...

Keller Williams will cut off agents who leave
(Illustration by Daniel Castro Maia)

How much bigger can Brookfield get?

You don’t become the city’s biggest commercial landlord without taking some big risks. Buying malls when everyone says brick-and-mortar retail is dying. Building a megaproject in the South Bronx where other developers still fear...

How much bigger can Brookfield get?
Time Out Market at 916 West Fulton Market and Revival Food Hall at 125 S. Clark Street 

Does Chicago still have an appetite for food halls?

Remember the cupcake craze? Or when doughnuts had their major moment in Chicago? Shops popped up all around the...

Does Chicago still have an appetite for food halls?
Condo comeback? JK Equities’ Jerry Karlik predicts rebound in condo market

Condo comeback? JK Equities’ Jerry Karlik predicts rebound in condo market

Some four years after it was first proposed, the high-profile 1000M condo tower in the South Loop has yet...

Condo comeback? JK Equities’ Jerry Karlik predicts rebound in condo market
Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

Two of Chicago’s leading developers and contractors teamed up in late April to break ground on one of the...

The construction giants catching a Windy City windfall


Pier 1 store (Credit: Google Maps)

Pier 1 files for bankruptcy, seeks sale

Pier 1 Imports is officially bankrupt, more than a month after the retailer began closing hundreds of stores. The Texas-based home goods chain, which filed for Chapter 11 bankruptcy Monday in the Eastern District...

Pier 1 files for bankruptcy, seeks sale
The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?

Former President Barack Obama and First Lady Michelle Obama recently closed on an $11.75 million, 6,900-square-foot estate in Martha’s...

Post-presidential pads: After the White House, what comes next?
Presidential elections affect the residential sales market significantly (Credit: Getty Images, The White House)

This is how presidential elections really affect home sales

Who will be president come January? It’s the biggest question of the year — and a thorn in the...

This is how presidential elections really affect home sales
Minneapolis tops the list of best places to recover from divorce (Credit: iStock)

The best (and worst) cities for divorcees

Just got out of a divorce? Here are the best and worst cities to get back on your feet. Right off the bat, cross off New York City. A LendingTree study on post-divorce economics...

The best (and worst) cities for divorcees
Sidewalk Labs CEO Dan Doctoroff and a rendering of the tower (Credit: Sidewalk Labs/Michael Green Architecture and Gensler)

Alphabet’s wooden skyscraper in Toronto could be tallest in the world

Alphabet’s architecture and design arm has unveiled a proof of concept for what could be the world’s tallest mass-timber...

Alphabet’s wooden skyscraper in Toronto could be tallest in the world
Real estate in states where cannabis use is legal is in high demand compared to states where use is illegal. (Credit: Pixabay)

Cannabis legalization drives demand for warehousing and retail: study

Green makes green, apparently. Investors can’t get enough warehouse, retail, and land in states that have legalized recreational cannabis...

Cannabis legalization drives demand for warehousing and retail: study
Adam Neumann and some of the properties, Museum Place and 225 West Julian in San Jose 

Adam Neumann no longer has a vision for San Jose

Adam Neumann’s New Year’s resolution might have been to clean out his real estate portfolio. He’s now sold off...

Adam Neumann no longer has a vision for San Jose
Greystar CEO Bob Faith and the Parkside Place Apartments in Cary, North Carolina (Credit: Greystar and Apartments)

What Greystar’s belief in multifamily says about the health of the economy

Greystar CEO Bob Faith says he’s “very bullish” on the multifamily sector and so are investors, whether or not...

What Greystar’s belief in multifamily says about the health of the economy
A rendering of the new REI headquarters in Seattle (Credit: NBBJ)

Corporate camping: Check out REI’s crazy Washington headquarters

Consumer outdoor equipment retailer Recreational Equipment Inc., or REI, is building a headquarters outside Seattle befitting its outdoorsy business....

Corporate camping: Check out REI’s crazy Washington headquarters
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