November 1, 2024

Today's Featured News

Hot TOD-y: The Strong Demand For Transit-Oriented And Mixed-Use Multifamily Assets

Yield PRO



Interra Realty sold The Bel, a 39-unit mixed-use building at 937-41 W. Belmont Ave. in Chicago for $12.125 million.


While the laws of supply and demand have led to a stable multifamily market in Chicago in 2024, certain property types are higher on investor wish lists. One such property is The Bel in Chicago’s Lakeview neighborhood, the $12 million sale of which Taylor Johnson helped promote for client Interra Realty. In Yield PRO’s coverage of the deal, Interra’s Joe Smazal was quoted on how mixed-use, transit-oriented buildings like The Bel are in especially high demand amid a slowdown in construction. Bisnow Chicago, Connect CRE Chicago & Midwest and REBusinessOnline also wrote about the transaction.



Read Full Article

 
News
Residential Real Estate

A Gold Coast Mansion Is The New Highest-Priced Home Listing In Chicago

Crain's Chicago Business


28% Of Houses For Sale Are Newly Built, The Lowest Share In 3 Years

Redfin News


The Fall Housing Rally May Have Come And Gone

Real Estate News



*Marble Floors, Gilded Trim And Custom Murals: Hindu Prayer Rooms Get A Makeover

The Wall Street Journal


8 Presidential Homes That Aren’t What You’d Expect (From MCM To Victorian!)

Apartment Therapy

 
Commercial Real Estate

New Google Rendering Gives An Early Glimpse Of Former Thompson Center Atrium's Future

Chicago Sun-Times


'People Aren’t Traveling The Way They Used To': Hotel Industry Seeks New Normal As Leisure Travel Slows

Bisnow


Growth In Office Tenant Costs Moderates

Commercial Property Executive



Multifamily Core And Value-Add Metrics Outperform Expectations

GlobeSt.


Commercial Real Estate Is Flashing Signs That The Worst Of The Distress Is Over, Blackstone President Says

Business Insider

 
Business/Economy

Elgin Community College Building $85M Manufacturing Center To Help Meet Demand For More Skilled Workers

Chicago Sun-Times


US Economy Added Just 12,000 Jobs In October, Impacted By Hurricanes, Boeing Strike

CNBC


Private Equity Giants Commit $50 Billion To AI Infrastructure

Axios

 
In Other News

Sixth Edition Of Chicago Architecture Biennial Is Coming Next September

Chicago Tribune



Par For The Corpse: Why A Chicagoland Funeral Home Offers A Mini-Golf Course In Its Basement

WBEZ Chicago

 

Client News

Interra Realty Brokers $4 Million Sale Of 31-Unit Multifamily Property In Chicago’s Kenwood Neighborhood



NAI Hiffman Leases Speculative Medical Office Suite In Hinsdale, Ill.


Bradford Allen Development Company, Moceri+Roszak Break Ground on 301-Unit Mixed-Use Community In Arlington Heights, Ill.


Coming Soon: M/I Homes Closes Land Acquisition For Leighton Pointe, Its 3rd New Community In Plainfield, Ill., This Year

 
Job Openings

Project Manager

Baker Barrios Architects


Architect

Baker Barrios Architects


Interior Designer

Baker Barrios Architects


To post an open position, please contact Gina Graf at ggraf@taylorjohnson.com.

 
Events
**Taylor Johnson Staff To Attend

Crain's Chicago Business Family Business Lunch

Wednesday, November 6, 2024


CREW Chicago Leadership & Professional Development - Unexpected Connections: The Power Of Diverse Mentorship

Wednesday, November 6, 2024


Women's Council Of Realtors 2024 National Conference

Wednesday, November 6 - Sunday, November 10, 2024


CREW Chicago New Member Appreciation Event

Thursday, November 7, 2024


**CREW Chicago Last Call For Fall

Tuesday, November 12, 2024


REIA Election Recap In RE Breakfast Meeting

Wednesday, November 13, 2024


Bisnow Chicago Northern Suburbs Real Estate

(featuring TJ client Wingspan Development Group)

Thursday, November 14, 2024


**ULI Chicago | Emerging Trends In Real Estate

(featuring TJ client Related Midwest)

Thursday, November 14, 2024


IREM Punch Bowl Social

Thursday, November 14, 2024


AHF Live 2024

Monday, November 18 - Wednesday, November 20, 2024


Bisnow Chicago Industrial Summit

(featuring TJ client HSA Commercial Real Estate)

Tuesday, November 19, 2024


Senior Housing News (RE)BUILD Conference

Wednesday, November 20 - Thursday, November 21, 2024


**Lincoln Park Builders Real Estate Forum

(hosted by TJ client Lincoln Park Builders)

Thursday, November 21, 2024


BOMA Chicago 122nd Annual Membership Meeting

Thursday, November 21, 2024


Chicago Association Of REALTORS® Casino Royale

Thursday, November 21, 2024


Bisnow Chicago Hospitality Summit

(featuring TJ client Glenstar)

Tuesday, December 3, 2024


ULI Annual Lifetime Achievement Award Honoree: Jeanne Gang

Thursday, December 5, 2024


REFF Holiday Party

Thursday, December 5, 2024


CIC 50th Anniversary Gala

Thursday, December 5, 2024


Bisnow Chicago Repositioning And Conversions

Tuesday, December 10, 2024


CAA 2025 New Year Kick Off (NKYO)

Thursday, January 16, 2025


CAA 2025 Business Exchange

Tuesday, February 25, 2025


NAHB International Builders' Show

Tuesday, February 25 - Thursday, February 27, 2025

 
What is TJ TALK?
TJ TALK is a daily digest of the top real estate, marketing and media news and events compiled by the team at Taylor Johnson.

*An asterisk denotes a story that may require a subscription to the online publication to view full-story content.
Subscribe to TJ TALK
 
Taylor Johnson

For more information about our public relations, social media, content development and event planning services, please visit us at taylorjohnson.com or contact Emily Johnson directly at 312-267-4522. And, be sure to check out our Facebook, Twitter, Instagram and LinkedIn pages, as well as our TJ TALK and videos.

VISIT OUR WEBSITE
 
Facebook  Twitter  Youtube  Instagram  Linkedin