www.dailyherald.comSeptember 22, 2024Katlyn Smith Holladay Properties has built hundreds of upscale apartments in downtown Downers Grove, Lombard and Westmont. The developer’s new apartment building, within walking distance of the Glen Ellyn Metra train station, has a long list of amenities, starting with a hotel-style lobby with a fireplace. Adjacent to the lobby is a bicycle […]
By Dennis RodkinCrain’s Chicago BusinessAugust 27, 2024 Credit: VHT StudiosThis house on Park Avenue in Wilmette sold recently for $834,000. Housing affordability has been shrinking this summer, as prices rise faster than inflation. Welcome to Crain’s monthly look at the latest data on the Chicago-area housing market. From a three-day run of top-priced sales to […]
Dennis RodkinCrain’s Chicago BusinessMay 6, 2024 Credit: Little Realty This rendering shows the four-bedroom Sutcliffe model at M/I Homes’ Hawthorn Woods Country Club development. At least two sold during the first quarter, at $822,000 and $890,000. The number of new subdivisions under construction in the Chicago area is the lowest it’s been at any point […]
Dennis RodkinCrain’s Chicago BusinessJuly 31, 2023 Credit: Re/Max ImpactThis house on Prospect Drive in Beechen & Dill’s Copper Ridge development in Lemont is for sale at just under $790,000. Chicago-area builders sold more new homes this spring than they have since 2008, thanks in large part to the paucity of existing homes for sale, according […]
Dennis RodkinCrain’s Chicago BusinessFebruary 22, 2023 When he announced his retirement from the pulpit of his 10,000-seat church on 114th Street in January, the Rev. James Meeks told the congregation how he plans to spend his retirement years: building homes in the neighborhood. A few weeks later, as Meeks stood on the corner of 118th […]
Dennis RodkinCrain’s Chicago BusinessJanuary 30, 2023 This house in Ivanhoe, a DR Horton development in Manhattan, Illinois, sold for $434,990 in November. Sales of new homes in the Chicago area dropped to their lowest total in 12 years in the fourth quarter of 2022, according to a new report. Builders sold 677 homes in the […]
Most of the local industry got caught flat-footed in 2020, with little product in the pipeline because sales had been dismal for a decade. Dennis RodkinCrain’s Chicago BusinessOctober 19, 2022 A couple of years ago, a national homebuilder exited the long-sluggish Chicago market, selling its 232 suburban lots to another firm and telling Crain’s it […]
Buyers are paying more per square foot than ever. Dennis RodkinCrain’s Chicago BusinessJuly 28, 2022 Buyers paid a little over $508,000 for this newly built four-bedroom house on Ivy Lane in the Tall Oaks subdivision in Elgin. The price of new Chicago-area homes reached a record in the second quarter, pushed up by short supply […]
One of the biggest real estate trends—building single-family houses and townhomes for rent—is coming to Oswego, where a Texas developer is getting started on a 178-unit project. Alby GallunCrain’s Chicago BusinessJune 20, 2022 A Texas developer has scored a $66 million construction loan for a rental townhome project in Oswego, a housing type that’s popping […]