The Real Deal Chicago

Chicago Cheat Sheet: Ventas chairwoman’s house sells for $2.5M…& more

Also, home used in “The Fugitive” finally sells after 7 years on market and multiple price cuts
By John O’Brien | December 14, 2018 04:30PM

Debra Cafaro and her home (Credit: Forbes)

Ventas exec sells Wilmette home at $1M loss

The chairwoman and CEO of Chicago-based real estate investment trust Ventas sold her Wilmette home for $2.5 million, about $1 million less than what she paid for it more than a decade ago. Debra Cafaro and her husband, attorney Terry Livingston, bought the six-bedroom house on Sheridan Road for $3.6 million in 2006. [Crain’s]

Home used in “The Fugitive” sells after seven years on the market

The five-bedroom Old Town home that was used in the movie version of “The Fugitive” sold for $2.9 million after seven years on the market. The Wisconsin Street house, where the characters played by Harrison Ford and Sela Ward lived in the 1993 movie, was first listed in 2011 for $3.95 million and saw multiple price cuts since. [Chicago Tribune]

Historic Wheaton estate sold; was built for golf pioneer

A historic 121-year-old Wheaton estate built for golf pioneer Charles Blair Macdonald sold Thursday for $1.3 million. The five-bedroom mansion is just west of the Chicago Golf Club, which Macdonald founded in 1892. He named the three-story home Ballyshear after his grandfather’s Ballyshear estate in Scotland. [Chicago Tribune]

Austin leaders prepping five-year plan for neighborhood revitalization

A group of Austin residents and community leaders is set to release a five-year plan that suggests the mostly low-income neighborhood — particularly the area at Central Avenue and Madison Street — could be transformed into spots where cultural centers and small businesses flourish. The plan also calls for improving educational opportunities in the neighborhood, stabilizing the housing market and adding more affordable housing and creating violence prevention programs. [Block Club]

Logan Square, Hermosa leaders propose plan to head off gentrification

Logan Square and Hermosa community leaders have launched a five-year plan designed to head off gentrification in their neighborhoods. One of the plans suggests a community land trust through which groups committed to affordable housing would acquire and fix up properties. [Block Club]

Lendlease, John Buck and Intercontinental launch West Loop apartment building

Executives from Lendlease, the John Buck Company and Intercontinental Real Estate Corporation broke ground this week on the 845 West Madison project, which will feature 586 apartments over 10,000 square feet of retail on property bounded by Madison, Monroe, Peoria and Green streets in the West Loop. The development will include two 17-story towers along with a two-story structure, and is expected to be completed in 2020, officials said.[Block Club]

Oak Brook approves condo project from Jupiter Realty and Franklin Partners

Oak Brook officials have approved plans for The Butler, a 22-story building at 1900 Spring Road that will feature 90 luxury condominiums. Developers Jupiter Realty and Franklin Partners expect to break ground in the summer 2019 for delivery in 2021. [REJournals]