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$35 Million Listing Breaks Illinois Record

$35 Million Listing Breaks Illinois Record

by Phil Hall | Aug 12, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 20,000-square-foot limestone mansion on Lake Michigan has broken the record for the most expensive home listing in Illinois. The Wall Street Journal reported the seven-bedroom residence in the Chicago suburb of Winnetka is on the market for $35 million. The 2.3-acre...
FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

by Phil Hall | Jul 16, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced it will allocate $50 million in interest rate subsidies to expand affordable housing, economic development, and community partnerships in Illinois and Wisconsin through its new Community Impact Advance...
Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

by Phil Hall | Jun 21, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The former president of an Illinois bank has acknowledged his involvement in a scheme to falsify bank records to enable real estate loans. Steven Cook pleaded guilty in U.S. District Court in Benton to three felony counts of aiding and abetting the making of a false...
Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
The Most At-Risk Housing Markets Are…

The Most At-Risk Housing Markets Are…

by Phil Hall | Jun 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, Illinois and New Jersey continued to have the highest concentrations of at-risk housing markets during the first quarter, according to a data report from ATTOM. The newly published Special Housing Risk Report analyzed first quarter statistics related to...
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