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Property News

Location American Property News for 11 November 2015
Private equity CEO: $13.6 million for full floor of Gold Coast condos The founder and CEO of Chicago private-equity firm Valor Equity Partners and his wife paid $5.3 million to buy a third condominium unit in their luxury Gold Coast building where they previously had purchased the other tw...
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Not many states have a law like this.
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Forbes came out with its annual list of most expensive zip codes in the United States.
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Lew and Susan Manilow buy $4 million condo

Chicago Tribune - 11 Nov 2015 19:44
Lew and Susan Manilow buy $4 million condo Attorney, real estate developer and art collector Lew Manilow and his wife, Susan, paid $4 million on Oct. 22 for a three-bedroom, 3,349-square-foot condo on the 12th floor of a Near North Side tower. The unit had been l...
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Kraft Heinz Chief Financial Officer Paulo Basilio has paid $2.8 million in a private transaction to buy a four-story, 5,900-square-foot mansion in Lincoln Park. Basilio took the reins as Kraft Heinz's chief financial off...
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Former Bear Israel Idonije buys home on Near North Side

Chicago Tribune - 11 Nov 2015 17:21
Former Bear Israel Idonije buys home on Near North Side Former Chicago Bears defensive end Israel Idonije paid about $720,000 on Oct. 2 for a three-bedroom, 2,100-square-foot, newly constructed row home on the Near North Side. The sale was above it's $699,900 asking price. Id...
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Rental values in central London’s booming office market grew by 10.3% in the year to October 2015, the first time annual growth has hit double digits since April 2008. The capital saw 1.1% growth in October, as demand ...
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Despite a sharp rise in mortgage interest rates, mortgage application volume was not affected as much as expected.
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The value of UK's private housing stock in August 2015 reached an estimated at £5.1 trillion, a rise of 53% over the last decade, with London doubling since 2005. The increase of £1.8 trillion since 2005 is equivalent ...
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Overall UK property market sees rise in new listings

Property Wire - 11 Nov 2015 08:27
There may be hope the UK’s property supply crisis is starting to ease, as the number of new properties coming onto the market across the UK in October increased for the second consecutive month. September saw new prope...
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Hines's Brazil Business Mired in Probe

Wall Street Journal - 11 Nov 2015 03:10
Global property giant Hines said its head of Brazil operations resigned after the firm began investigating whether improper payments were made to win business with one of Brazil's largest companies.
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McDonald's Won't Spin Off Real Estate Holdings

Wall Street Journal - 11 Nov 2015 01:11
McDonald's announced a dividend increase and other financial measures, while putting to rest speculation that it would spin off its U.S. real-estate holdings, Chief Executive Steve Easterbrook said.
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