Articles filed under Residential Real Estate
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Suburban real estate executive buys Michael Jordan’s Highland Park mansionDec 29, 2024 2:55 pm - The buyer of Chicago Bulls legend and NBA Hall of Famer Michael Jordan’s mansion in Highland Park has been revealed: a 42-year-old real estate executive from Lincolnshire.
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Referendum seeks to reverse Sugar Grove approval of controversial 761-acre developmentDec 27, 2024 9:42 am - Opponents of the large The Grove development in Sugar Grove continue to fight it, with an advisory referendum asking officials to reverse approval.
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‘Luxury’ rental community with pool, shops, pickleball and dog park proposed in CaryDec 23, 2024 1:24 pm - A conceptual review for a “luxury” mixed-use development has received an enthusiastic green light from the Cary Village Board.
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After some disagreement, Schaumburg trustees approve new regulations for short-term house rentalsDec 20, 2024 12:59 pm - In its last binding action of 2024, and not without some final disagreement, the Schaumburg village board voted 5-1 to approve new regulations on short-term home rentals that will be in full effect no later than Jan. 1.
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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevatedDec 16, 2024 1:56 pm - Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.
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More apartments, stores could be coming to downtown Des PlainesDec 13, 2024 2:21 pm - Months after it first was proposed, a plan for a seven-story apartment building with ground-floor retail spaces in downtown Des Plaines will be reviewed by the city council Monday.
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Schaumburg trustees unanimously approve senior group home over plan commission’s rejectionDec 11, 2024 1:03 pm - Schaumburg trustees have unanimously approved a special-use permit for the operation of a senior group home in an existing ranch house over the plan commission’s recommendation to reject it.
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Batavia residents will see slight increase on their property tax bills next yearDec 10, 2024 10:43 am - Batavia residents will see a smaller tax increase than planned after city council members decided to use additional reserve funds to cover a budget deficit.
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Vacant medical office building in Mount Prospect could turn into apartmentsDec 06, 2024 6:54 am - New life is being given to a vacant 1970s medical office building just west of the Union Pacific tracks on Central Road in Mount Prospect.
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Seller’s market: High interest rates, low inventory continue to complicate suburban housing marketDec 03, 2024 11:46 am - While many economists anticipate dropping interest rates to continue into 2025 and local Realtors are hopeful for a good start to the new year, Kane County real estate professionals don’t believe the Fed’s influence is as strong as other factors and expect current market trends to continue unless new construction picks up drastically.