Chicago multifamily


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The coronavirus pandemic led to a 35% drop in new residential projects

Residential construction starts have cratered in Chicago

The coronavirus crisis has sent residential construction starts cratering as Chicago developers have held off on breaking ground. From...

Residential construction starts have cratered in Chicago
Gov. J.B. Pritzker (Getty)

These landlords are suing to toss out Pritzker’s eviction ban

A group of landlords is suing to toss out Gov. J.B. Pritzker’s residential eviction ban, arguing that the temporary...

These landlords are suing to toss out Pritzker’s eviction ban
Russell Galbut’s Crescent Heights acquired a development site at 640 West Washington Boulevard (Google Maps)

Crescent Heights still believes in Chicago

Crescent Heights has more big plans for Chicago. The Miami-based residential developer that last year built the 800-unit Nema Chicago skyscraper, just paid $20 million for a West Loop parcel, according to Crain’s. Current...

Crescent Heights still believes in Chicago
7250 S. Shore Drive is among the South Side residential developments in Better Housing Foundation’s portfolio that will be sold in bankruptcy court. (Credit: Google Maps)

Troubled Southside portfolio will sell for pennies on dollar

A 545-unit South Side apartment portfolio owned by a financially embattled housing nonprofit will likely be sold to an...

Troubled Southside portfolio will sell for pennies on dollar
Ald. Carrie Austin, Chester Wilson Jr., 10300-02 S. Corliss Ave. (Credit: Redfin, LinkedIn)

Cook County agency gave alderman’s top aide quite a real estate deal

Alderman Carrie Austin’s office has yet another real estate problem. A few months after the FBI raided the 34th...

Cook County agency gave alderman’s top aide quite a real estate deal
Cook County Assessor Fritz Kaegi and downtown Chicago (Credit: iStock)

Slimming profits for developers could slow Chicago’s roll on new apartment construction

Chicago developers are bearish on new apartment building construction despite the continued high demand from renters. So what gives?...

Slimming profits for developers could slow Chicago’s roll on new apartment construction
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