Tag: Housing Bulletin

You might expect the guy who built and sold one of the more expensive “green” houses in Chicago to be a lifelong environmentalist whose crusade is finally paying off. But no: Paul Ahlrich initially jumped onto the green housing bandwagon for the potential payoff. “I did these [houses] to learn how to build green so I could keep making money in a bad market,” Ahlrich says of the houses at 2652, 2656, and 2658 West Walton Street; the westernmost house (2658) sold on July 27th for $923,000...

Six years ago, when Golub & Co., the Chicago-based real-estate development company, announced plans to build a high-rise rental-apartment building at 345 East Ohio Street, it seemed like a distinctly contrarian choice. At the time, virtually everyone with a piece of land downtown was building condo towers.

Look at how things have changed: Completed a year ago and dubbed the Streeter, the 481-unit building, now almost fully rented out, was sold last week to the State Teachers Retirement System of Ohio, reportedly for about $210 million...