Articles filed under Real Estate
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Affordable housing in St. Charles? Apartment developer cites ‘revenue gap’ if units set asideMar 26, 2026 12:10 pm - A 29-acre site in St. Charles – one of the last remaining open properties in town for residential development – is becoming a flashpoint for housing affordability in the city.
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How new Fannie Mae mortgage lending guidelines may affect condo boards, ownersMar 25, 2026 1:17 pm - On March 18, 2026, Fannie Mae changed their mortgage lending guidelines concerning reserve funding levels for condominium associations. These revisions will significantly impact condominium boards’ decision-making and directly affect an association’s FNMA eligibility for home mortgage lenders.
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McHenry shopping center with Aldi, Kohl’s sells for $13.7MMar 25, 2026 9:45 am - The McHenry Town Center strip mall recently sold for $13.74 million, according to a news release from the real estate brokerage that made the deal.
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New developer seeks to adopt previously approved plan for 69 townhouses in Prospect HeightsMar 23, 2026 5:22 pm - A developer is asking the Prospect Heights city council for permission to take over a controversial proposal to build 69 townhouses that was previously approved, but never built.
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‘Zombie’ second mortgages spur new battles in state capitolsMar 21, 2026 1:24 pm - A Bloomberg News investigation last year found that more than 600,000 second mortgages taken out before the 2008 financial crisis — and then largely forgotten amid a wave of loan modifications during the recovery — remain outstanding across the country. Debt collectors buy these mortgages for pennies on the dollar and then demand homeowners pay bills that often include years of back interest.
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Naperville leaders signal support for Pulte Homes development instead of data center planMar 19, 2026 3:12 pm - Naperville City Council members and some neighbors are largely receptive to the prospect of new homes on a vacant property at the north end of town, a far cry from the controversy over a data center plan for the same site.
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Federal disaster loans now available to homeowners and businesses affected by August 2025 stormsMar 19, 2026 3:09 pm - Residents and business owners in Cook, DuPage, Kane, Lake, McHenry and Will counties whose properties sustained damage during last August’s severe weather can now apply for U.S. Small Business Administration disaster loans.
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Can absent board member assign proxy to another?Mar 18, 2026 4:43 pm - I am on the board of my condominium association, and I cannot attend all the board meetings in person because I travel for work. Can I give my “proxy” to another board member to vote on my behalf during the board meetings?
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8 new stores, entertainment venues coming to Woodfield MallMar 18, 2026 10:53 am - Lindt Swiss Master Chocolatiers has led a wave of eight new stores and entertainment venues coming to Woodfield Mall in Schaumburg this spring.
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Crunch Fitness coming this fall to Fox River Commons in NapervilleMar 17, 2026 1:38 pm - Crunch Fitness franchise owner JEM Wellness Brands will open its first suburban location in the Fox River Commons in Naperville this fall.