Found 13 blog entries tagged as Chicago Real Estate News.

Although Bulls’ superstars Derrick Rose and Joakim Noah are already on their way to New York, they’re apparently not the only local athletes on the move. According to reports, Chicago Blackhawks’ right winger Patrick Kane has just put his lavish two-bedroom condo at Trump Tower Chicago on the market, which was purchased for $2.06 million back in 2008.

Situated up on the 33rd floor, Kane’s Trump Tower unit boasts 2,000 square feet of living space and of course features huge wall-to-wall widows that allow for spectacular city, lake, and river views. Other finishes include Snaidero cabinetry, top-of-the-line kitchen appliances, high ceilings, and of course access to all of Trump Tower’s five-star hotel services.

With Kane just signing a mega contact two…

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While the much-talked-about 1K Fulton development over in the rapidly developing Fulton Market neighborhood was only recently finished, the developer of the building, Chicago-based Sterling Bay, is already close to selling the mammoth project that’s helping re-define this particular part of the city.

According to reports, California-based American Realty Advisors is poised to purchase 1K Fulton for a jaw-dropping $305 million, which should give Sterling Bay a sizable profit given the original Fulton Cold Storage building was purchased for a mere $12 million back in 2012.

At 531,000 square feet, the deal would mean American Realty Advisors would pay $574 per foot for the fabulous new office building, which of course is now the home of the Chicago-based…

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Back in 2011, Chicago Billionaire Sam Zell purchased 11 E. Walton, what was then known as the Elysian, for $95 million—a record setting per-room price at the time of $505k. Now fast forward roughly 5 years and Zell is looking to sell the 188 room hotel, now known as Waldorf-Astoria Chicago, and is expected to see a very strong return.

In New York, Hilton Holdings is in the midst of selling the Waldorf-Astoria at 301 Park Ave. to Chinese insurance conglomerate Anbang for a reported $1.95 billion, or about $1.4 million per room, and although Chicago real estate prices are nowhere near New York City’s, it’s a clear sign of just how much hotel values have risen in major markets like Manhattan and downtown Chicago.

Because the sale of Chicago’s Waldorf…

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