Real Estate News So why is Chicago a very desirable place to live or to invest in? Well, besides being known as the ‘Windy City’ and our beautiful skyline, Chicago is conveniently located in a centralized location that is accessible to anything you can think of. Here you will find out about our lifestyle, economy, workforce/education data, and the real estate world of Chicago. Why Chicago? So why invest in Chicago? Learn out more what Chicago has to offer and why it’s a desirable place to live and invest in. Home to an unrivaled economy, workforce, and quality of life, Chicago is a thriving metropolis, yet a tight-knit community for business and residents. The city’s dynamic character can be attributed to its people, its location and infrastructure, and its collaborative business and government community. Why Chicago Is A New Hot Spot For Entrepreneurss Entrepreneurial hubs are popping up all over the country — from Seattle to Boston to Las Vegas. This week, I attended Techstars Chicago Demo Day, and the city’s incredible ecosystem for entrepreneurs proved that it should set the standard for any town wanting to create an entrepreneurial draw. Commercial Real Estate Show Podcasts Nationally syndicated radio show on the Wall Street Business Network is broadcast in ten major U.S radio markets. Join host Michael Bull for an enlightening weekly look at U.S. business and commercial real estate related issues, market updates, forecasts, inside information & best practices. Apartment Market Heats Up A dearth of commercial construction in Chicago has been the norm for the past several years, but as the multifamily market stands to post strong gains for the foreseeable future, big name developers are once again lining up to alter the city’s skyline. While the housing market may still be searching for its nadir, the apartment market is demonstrating strong fundamentals as rents are rising and demand is increasing. It has been enough to spark the interest of developers looking to strike while the iron is hot. Of course, as more than half a dozen developers look to finance big projects, the question remains how much money is available and just how many new units the market can support before it becomes over saturated. For those looking for capital, it recently became even tighter as Magellan Development obtained the financing to construct its eighth building on the sprawling Lakeshore East planned multifamily community. Multi-Family Still Rules Multifamily and industrial top Real Estate Research Corp.’s outlook for the major property types for the rest of 2011. The apartment market will continue to present low risk compared to the other property types, given its strong fundamentals and the nation’s demographic needs. However, some properties are considered overpriced. In addition, continued high unemployment levels and increases in rental rates, coupled with low home prices and interest rates, will keep renter demand in check. Six Ways to Reduce Your Property Tax With or without the Tea Party, people have disliked and continue to dislike paying real estate taxes on their homes. The good news is that you can always try to get your property taxes reduced. There’s just one major problem you’ll have in fighting to have your property taxes lowered. Municipalities use a convoluted method to determine home values, and they often require that you take part in a cumbersome process to contest the value given to homes.