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@properties To Open Glenview Office

@properties To Open Glenview Office | Chicago Housing Market News Reports | Scoop.it
Chicago real estate firm @properties continues its North Shore expansion with new Glenview location; will also serve the surrounding towns of Northbrook, Golf, Morton Grove and Niles.

Via Russ Bergeron
Jim Gramata's insight:

Growing growing growing....

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Chicago Housing Market News Reports
Chicago real estate news. posts, trends and data from The Gramata Realty Group - Chicago with @properties
Curated by Jim Gramata
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CMK pays $33 million for riverside land in South Loop

CMK pays $33 million for riverside land in South Loop | Chicago Housing Market News Reports | Scoop.it
The developer's not talking about its plans, but two sites could accommodate thousands of residential units, transforming an area only now beginning to take shape as a neighborhood.
Jim Gramata's insight:
I called this the $40 million dog park because that's what the current owners used it for since they bought it 4-5 years ago. Glad to see CMK is moving it forward. It seems prime.
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With $1 Billion Invested And $100 Entry Points, Real Estate Crowdfunding Grows Up

With $1 Billion Invested And $100 Entry Points, Real Estate Crowdfunding Grows Up | Chicago Housing Market News Reports | Scoop.it
Real estate crowdfunding is proving to be much more than a fad.
Jim Gramata's insight:
This new investment platform has huge potential now that SEC has opened the door
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Green Building Efficiency and Design Approval | Sustainable Cities Collective

Green Building Efficiency and Design Approval | Sustainable Cities Collective | Chicago Housing Market News Reports | Scoop.it
A world leader in sustainable innovation, Phipps Conservatory and Botanical Gardens has achieved the Living Building Challenge for its Center for Sustainable Landscapes, a facility that houses groundbreaking sustainability research and science...
Jim Gramata's insight:

The Living Building Challenge is one of the most rigorous standards today. This is an amazing accomplishment for Phipps Conservatory.

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Cushman & Wakefield Going Up for Sale

Cushman & Wakefield Going Up for Sale | Chicago Housing Market News Reports | Scoop.it
The Italian family that controls Cushman & Wakefield, one of the world’s largest real-estate services firms, is putting the company up for sale as rising property prices push up the value of rivals.
Jim Gramata's insight:

This could have a big impact on the commercial real estate industry. 

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5 economists forecast the 2015 housing market

Five prominent economists forecast what 2015 will bring for the U.S. housing market after a 2014 that was a bit of a reality check in the housing recovery ...
Jim Gramata's insight:
Another forecast in the US Real Estate housing market
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10 Reasons 2015 Will Rock for Real Estate

10 Reasons 2015 Will Rock for Real Estate | Chicago Housing Market News Reports | Scoop.it
After a slowdown in the market this year, housing analysts and economists have high hopes for 2015. Here are 10 housing indicators to watch in the new year.
Jim Gramata's insight:

With the EOY 2014 slowdown I believe most of the points in this post are valid except I don't believe the rates will rise over 5% unless the overseas global markets improve which I don't anticipate. This paired with the sluggish local recovery numbers makes 2015 a positive gain year but "rocks' is a term I would not have used. Granted NAR is trying to get buyers into the pool and in many cases I do believe the time it right to get in to investing in real estate, but cautiously. 

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Buy With No Credit No Money Nothing Down Creative Real Estate Investing

Buy With No Credit No Money Nothing Down Creative Real Estate Investing | Chicago Housing Market News Reports | Scoop.it
http://t.co/PFknNpMPGf #1293 Real Estate With No Credit Checks! http://t.co/CfUqF2SUtO
Jim Gramata's insight:

When will they learn?  Slow and steady or deals like this? Use your investment head and be smart out there

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Record-Level Real Estate Investment Contributes to Economic Growth

Record-Level Real Estate Investment Contributes to Economic Growth | Chicago Housing Market News Reports | Scoop.it
An analysis of the top cities for real estate investment continues to demonstrate the contribution of real estate to the success of established and emerging cities across the globe.

Via Realty Biz News
Jim Gramata's insight:

Great overview of global real estate investments over the past three years with Chicago one of the top 10 cities for global investors. 

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iHire LLC's curator insight, January 29, 10:22 AM

According to research from JLL, total direct real estate investment has returned to pre-recession levels ($700 billion). Further good news: direct real estate investment is projected to grow an additional 5%-10% in 2015, and it's expected to continue increasing to $1 trillion by 2020.

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5 year snapshot: 2 bed 2 bath Lakeview Condos Median Sales Price Trending

5 year snapshot: 2 bed 2 bath Lakeview Condos Median Sales Price Trending | Chicago Housing Market News Reports | Scoop.it
Jim Gramata's insight:

2 bed 2 bath Lake View condo snapshot over the past 5 years. 

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Will China Repeat Japan's 1980s Foreign Real Estate Bust?

Will China Repeat Japan's 1980s Foreign Real Estate Bust? | Chicago Housing Market News Reports | Scoop.it
-Analysis-
BEIJING — Those who study the overseas investments of Chinese enterprises are starting to get jitters. Japanese companies went on a foreign real estate buying spree in the

Via HOTEL REAL ESTATE NEWS
Jim Gramata's insight:
Global effects local. Keep an eye on China and Europe for an answer to growth in global economy.
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Tony Sacco's curator insight, November 10, 2014 5:18 PM

Is China Following Japan's past mistakes in Real Estate?

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River City II? Condo developer to buy site south of housing complex

River City II? Condo developer to buy site south of housing complex | Chicago Housing Market News Reports | Scoop.it
Chicago-based CMK has agreed to pay $4.9 million in a bankruptcy auction for a 1.8-acre riverside parcel next to the Bertrand Goldberg-designed River City building, above, in the South Loop.
Jim Gramata's insight:

CMK is back at it. Look for their no frills concrete tower to match their other developments in 2016 is my guess.

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A Comparison of Real Estate Investment in London, SF & NYC and Tokyo

A Comparison of Real Estate Investment in London, SF & NYC and Tokyo | Chicago Housing Market News Reports | Scoop.it
-----(Comparion of  London, New York, San Francisco) with Tokyo Real Estate Prices in Tokyo are by no means high At one stage, Tokyo real estate was the most expensive in the world. Today, however, that title is held by London.
Jim Gramata's insight:

Interesting comparison however it does not take into account the economic forecast for Tokyo is not bullish. The IMF cut its global outlook highlighting "slowing growth worldwide, with the U.S. as the sole exception. "The economic difficulties facing the eurozone and Japan are particularly notable," "

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Chicago's a like, not a love, for real estate investors

Chicago's a like, not a love, for real estate investors | Chicago Housing Market News Reports | Scoop.it
Real estate executives see investment opportunities next year in Chicago, but the market still lags coastal and Texan heavyweights when it comes to deals in 2015, according to a survey.
Jim Gramata's insight:

This clearly includes commercial and residential investments although really? Manhattan ranks 15? Not sure about this report. 

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Michigan Avenue building sells for big gain

Michigan Avenue building sells for big gain | Chicago Housing Market News Reports | Scoop.it
The resurgence of the stretch south of the Chicago River benefited a Northbrook landlord, with a four-story property fetching 72 percent more than its 2007 price.
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Useful Investment Guide » Simple Tips And Tricks To Help You In The Real Estate Market

Useful Investment Guide » Simple Tips And Tricks To Help You In The Real Estate Market | Chicago Housing Market News Reports | Scoop.it
Simple Tips And Tricks To Help You In The Real Estate Market - http://t.co/7NrdPoxTkR
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Billionaire Says Real Estate is Best Investment Possible

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated: "I still think, from an individual perspective, the best deal investment you...
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Apple in big solar power deal, market cap closes over $700 billion

Apple in big solar power deal, market cap closes over $700 billion | Chicago Housing Market News Reports | Scoop.it

(Reuters) - Apple Inc (AAPL.O) will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time.

The First Solar Inc (FSLR.O) plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple's new campus in Silicon Valley, and its other offices and 52 stores in the state, Chief Executive Tim Cook said at a Goldman Sachs technology conference in San Francisco.


Via Pol Bacquet
Jim Gramata's insight:

Corporate leaders like Apple are critical in establishing progress in global energy sustainability. Profit with purpose. It can be done small and large scale. 

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Pol Bacquet's curator insight, February 11, 3:05 PM

Construction of the 2,900-acre California Flats Solar Project is expected to start in mid-2015 and finish by the end of next year

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South Loop riverfront poised for major development

South Loop riverfront poised for major development | Chicago Housing Market News Reports | Scoop.it
Crain’s Chicago Business is reporting that CMK Companies is acquiring a vacant 6.5-acre parcel south of Harrison St and north of River City along the river.
Jim Gramata's insight:

How many times has this parcel exchanged hands? The last buyer it was rumored was a Russian billionaire who overpaid and could not get city approval on this lot. Hopefully CMK can move it forward. Good luck. 

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Housing in Uneven Recovery as Home Sales Decrease: Economy - Bloomberg

Housing in Uneven Recovery as Home Sales Decrease: Economy - Bloomberg | Chicago Housing Market News Reports | Scoop.it
Sales of previously owned U.S. homes slumped in November from a one-year high, underscoring the uneven nature of the current recovery in residential real estate that’s been one of its defining characteristics.
Jim Gramata's insight:

This December post is a little more realistic in terms of housing recovery. Slow and steady as my previous posts have highlighted.

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Chicago's affordable-housing law is unchanged—for now

Chicago's affordable-housing law is unchanged—for now | Chicago Housing Market News Reports | Scoop.it
Aldermen decided not to vote on changes to the city's Affordable Requirements Ordinance at a City Council meeting today.
Jim Gramata's insight:

I am looking for leadership in Chicago. Where are the leaders? If you're not familiar with the affordable housing law in Chicago...in a nutshell new development builders have a choice, set aside a certain percentage of their units as 'affordable' (10% I think) or pay money to the City. To date there has been only one developer to my knowledge who has proposed the 10% set aside instead of paying their way out of this good intention city law and that is McCafferey Interests at the Chicago Children's Hospital site in Lincoln Park.. I am PRO development but also PRO social responsibility. Let's get city council on board and push this through so our city can lead including establishing a continuous pool of affordable housing in Chicago. Let's stop the payment option too! Well...another day on that idea.

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WEALTH BUILDING TIP #41: Defining Financial Wealth - tip on WikiRealty

WEALTH BUILDING TIP #41: Defining Financial Wealth - tip on WikiRealty | Chicago Housing Market News Reports | Scoop.it
Knowledge for everyone. By everyone.
Jim Gramata's insight:

How do you define financial wealth? There is really no one definition. Can it be measured in dollars? Or in end goals? 

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Top developer says New York real estate market is a ‘bubble’

Top developer says New York real estate market is a ‘bubble’ | Chicago Housing Market News Reports | Scoop.it
A prominent real estate bigwig caused a stir Thursday by admitting that the New York City residential property market is a big bubble waiting to pop.

Via HOTEL REAL ESTATE NEWS
Jim Gramata's insight:
More skeptical news about the NYC real estate market as the word 'bubble' makes a reappearance.
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It's official: The Chicago Spire is dead

It's official: The Chicago Spire is dead | Chicago Housing Market News Reports | Scoop.it
The transfer occurred after developer Garrett Kelleher failed to make a required payment to Related Midwest, which bought the debt on the property.
Jim Gramata's insight:

Spire is out. So now we know it will be a Related Development. That is really too bad. I thought the project would put Chicago architecture back on the global development map. . 

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Spire developer poised to lose site as today's deadline looms

Spire developer poised to lose site as today's deadline looms | Chicago Housing Market News Reports | Scoop.it
Irish developer Garrett Kelleher is likely to fail today in his effort to relaunch the Spire residential tower, giving another developer the inside track to take control of the site.
Jim Gramata's insight:

Something will be built. The question is who will build on this site. I am hopeful it will be The Spire

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Foreclosures and Short Sales at Lowest Levels in 4 Years

Foreclosures and Short Sales at Lowest Levels in 4 Years | Chicago Housing Market News Reports | Scoop.it
U.S. residential properties, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September 2014.
Jim Gramata's insight:

We are seeing this in Chicago as well and it is one reason we are beginning to see an uptick in home values. Removing the REO and distressed properties from the market will have this kind of positive impact on home values. 

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