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Chicago Mayor Cuts Property Tax Proposal While Telling Critics to ‘Grow Up’

Chicago Mayor Cuts Property Tax Proposal While Telling Critics to ‘Grow Up’

by Phil Hall | Nov 20, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson has cut his $300 million property tax proposal in half while lecturing his City Council detractors to “grow up” in their negotiations on the municipal budget. CBS News reported Johnson’s initial $300 million proposal was rejected by the...
Hits and Misses for the Real Estate Week of Nov. 11-15

Hits and Misses for the Real Estate Week of Nov. 11-15

by Phil Hall | Nov 15, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
Chicago Bears Consider Third Site for New $4.6 Billion Domed Stadium

Chicago Bears Consider Third Site for New $4.6 Billion Domed Stadium

by Phil Hall | Nov 13, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Chicago Bears are still trying to find a location for their proposed domed stadium and are now reportedly taking a second look at a site in Bronzeville, a predominantly Black community in the city. The Chicago Sun-Times cited unnamed sources in reporting the team...
New Effort Seeks to Redirect Chicago Mayor’s $300 Million Property Tax Hike

New Effort Seeks to Redirect Chicago Mayor’s $300 Million Property Tax Hike

by Phil Hall | Nov 12, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson’s proposed $300 million property tax increase to shrink the city’s $1 billion budget deficit is likely to be redirected with new revenues from other taxes and fees. The Chicago Sun-Times reported 22 of the 50-member Chicago City Council...
Hits and Misses for the Real Estate Week of Nov. 4-8

Hits and Misses for the Real Estate Week of Nov. 4-8

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

The aftershocks of the election, a new fight against property taxes and a tribute to an inspirational executive. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 4-8. Hit: The Indestructible Man. It is impossible to...
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