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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 | Industry Updates, News/Current Events, 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, Hits and Misses, News/Current Events, 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...
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

by Phil Hall | Nov 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An effort is underway to force a special meeting of Chicago’s City Council to reject Mayor Brandon Johnson’s proposed $300 million property tax increase to fill the municipal’s budget gap. The Chicago Sun-Times reports 29 alderpersons co-signed a call for a special...
Greenstone Partners Promotes Brewster Hague to Partner

Greenstone Partners Promotes Brewster Hague to Partner

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has promoted Brewster Hague from senior director to partner. Hague joined Greenstone Partners in 2019 as a retail and mixed-use commercial real estate broker in the urban and suburban Chicago...
CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining

CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining

by Phil Hall | Nov 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve charges that Townstone Financial, a nonbank mortgage broker and lender, intentionally discriminated against predominantly Black neighborhoods in Chicago in violation of the Equal...
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