Chicago Cheat Sheet: Baird tells brokers to be frank about North Shore asking prices … & more

Also, another rent control referendum on Chicago election ballot this month

Feb.February 15, 2019 04:30 PM

Steve Baird

Be realistic about North Shore asking prices, Baird tells brokers

Baird & Warner CEO Steve Baird is telling his brokers to be frank with clients when setting asking prices on the North Shore, which has seen a soft housing market in recent years. The longtime head of the big Chicago resi brokerage says in a new video that the old days of homes selling double what owners bought them for are over. He said that was particularly the case as the homes get farther north of the city. “There’s been a fundamental repricing in the high-end marketplace,” he said. [Crain’s]

Rent control referendum on more ballots this month

More Chicago residents will get a chance to weigh in on rent control in the Feb. 26 election. Three precincts in the 45th Ward will have the non-binding rent control question on their ballots, as will some precincts in the 1st, 26th and 50th wards. Similar questions on ballots in two elections last year drew overwhelming support for lifting Illinois’ 31-year-old ban on rent control. [Block Club]

Google hiring hundreds to fill its new space

In the wake of its agreement to expand its space in Chicago, Google said it plans to add hundreds of finance jobs here. The company already employs about 1,000 people at its Midwest headquarters in Fulton Market, and in October it said it was leasing another 132,000 square feet in the neighborhood in order to accommodate more workers. [Chicago Tribune]

Jennifer Pritzker selling another North Shore property

Col. Jennifer Pritzker is selling a North Shore mansion after a previous deal for the home fell through. The billionaire cousin of Gov. J.B. Pritzker has a number of real estate holdings in the Chicago area, including five currently on the market on the North Shore. The 10,000-square-foot Winnetka home that she just listed again is asking $3.9 million. Brandy Isaac of Berkshire Hathaway HomeServices KoenigRubloff Realty Group has the listing. [Crain’s]

Related Articles

From left: 403 North Wabash Avenue, 2238 North Magnolia Avenue and 1428 West George Street (Credit: Redfin, Realtor)

Here are the priciest resi sales in Chicago this week

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

Chicago Skyline (Credit: iStock)

Windy City’s real estate blown away by other cities

Onni Group president Rossano de Cotiis and a rendering of 369 West Grand Avenue (Credit: Brininstool+Lynch)

Onni Group lands big loan for 41-story River North tower

Clockwise from left: 123 S. Peoria St., 2643 N. Hermitage Ave. and 3754 N. Janssen Ave.

Here are the priciest resi listings in Chicago from last week

Cook County Assessor Fritz Kaegi and a Winnetka mansion (Credit: Cook County and Redfin)

Chicagoland mansion owners won’t get the tax breaks they were promised

From left: 1109 W. Washington Blvd., 1943 W. Cortland St., 2753 N. Hampden Ct. (Credit: Redfin)

Here are the priciest resi sales in Chicago this week