Real Estate
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Former Mount Prospect fire and police headquarters now a luxury apartment complexOct 28, 2024 11:01 am - The former site of Mount Prospect’s police and fire headquarters is enjoying new life as a luxury apartment complex.
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Aurora breaks ground on first new downtown development in 20 yearsOct 25, 2024 11:06 am - Situated on the east bank of the Fox River, the $90 million, 343,421-square-foot development will consist of five floors and 258 apartments, a mix of studios, one-, two- and three-bedroom units.
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Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier
Oct 25, 2024 6:44 am - If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession.
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Hey kids, if the house is in a trust, it’s not an estate assetOct 24, 2024 8:56 pm - After the death of their mother, the surviving children disagree on who now owns her house. Some say it goes to all of them, but one thinks the trust gave the house to her alone. The key to the answer is in the county recorder’s office, the deed and trust documents.
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Schaumburg approves plan to replace 3 single-family home lots with 35 townhousesOct 24, 2024 8:42 pm - Schaumburg officials have approved the redevelopment of three existing single-family home lots into 35 townhouses divided among eight buildings.
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Can a board curtail cannabis consumption in a condoOct 24, 2024 8:36 pm - A condo association can limit cannabis consumption to a degree, but it must be spelled out in the bylaws or declarations. The amount of control depends on whether it involves smoking or other types of consumption.
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Wheeling paves way for Gas N Wash to get steep property tax breakOct 24, 2024 12:49 pm - A company set to build a gas station, a convenience store and other businesses on Wheeling’s west side is in line for a steep property tax discount.
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‘Spaceship’-look midcentury Barrington home by noted local architect sells in warp speedOct 24, 2024 11:45 am - A midcentury Barrington home that resembles a retro spaceship on the outside — and is filled with built-in early-’60s furniture on the inside — attracted almost as many bids as browsers and sold in just one day.
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Geneva shopping center sells off four outlotsOct 23, 2024 9:54 am - The Randall Square Shopping Center in Geneva has sold four of its outlots, as its owner concentrates attention on the mall’s main building.
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Competence and ethics in real estate disclosureOct 23, 2024 1:36 am - In home sales, the disclosure of defects is hindered by several factors, including homeowners who don’t know the extent of defects, home inspectors who fail to recognize defects and the ethics of those involved in the sale. A buyer’s best protection is to make sure they hire their own, competent inspector.