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February 21, 2023

This Week's Chicago Deal Sheet

Listen To A Roundtable Suburban CRE Discussion At Future Of The Chicago Suburbs On March 21
Structured Development announced Tuesday that it completed construction and opened a model unit at the new all-affordable condo building The Seng in Chicago’s Lincoln Park neighborhood.

This Week's Chicago Deal Sheet

Located at 869 West Blackhawk St., the 34-unit affordable condo building is offering two-, three- and four-bedroom units reserved for people earning up to 120% of the area median income.Buyers need to be preapproved for traditional, Federal Housing Administration or Veterans Affairs loans and be certified through a homeownership program…

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Top Stories on Bisnow.com

Realty Income Forms Real Estate Alliance With Plenty To Develop $1B In Vertical Farms Realty Income Forms Real Estate Alliance With Plenty To Develop $1B In Vertical Farms
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‘Everything Is Frozen’: CMBS Bond Volume Falls By 85% ‘Everything Is Frozen’: CMBS Bond Volume Falls By 85%
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Deeply Affordable Housing Has More Support Than Ever, But One Crucial Piece Is Still Missing

Affordable housing surged to the forefront of social justice campaigns and policy debates nationwide after the pandemic laid out how important housing is to public health. The federal government has spent trillions of dollars since to stabilize vast swaths of the economy and society, including housing. In doing so, it revealed just how effective housing can be as an intervention for several vicious cycles experienced by the most vulnerable members of society. Yet accompanying services that would address even more needs have not enjoyed the same financial embrace or focus — and that could mean nodes of concentrated poverty and its associated problems will remain little diminished.

Deeply Affordable Housing Has More Support Than Ever, But One Crucial Piece Is Still Missing

Organizations fighting poverty, drug addiction, mass incarceration and other problems have rallied around the model of Housing First — the idea that a stable housing situation is the most effective first step in addressing or easing those problems.A growing list of government agencies, from the local level up to the federal, have…

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Meet The 33-Year-Old CRE Exec Who Shocked The Tennis World Last Week With A Major Tournament Upset

Matija Pecotić wasn't expecting to have to ask his bosses at Wexford Real Estate Investors for an additional day off last week. But that's what happens when you're a part-time pro tennis player, full-time director of capital markets after the biggest win of your life. And nothing about Pecotić's life has been expected.

Meet The 33-Year-Old CRE Exec Who Shocked The Tennis World Last Week With A Major Tournament Upset

Born to two doctors in Yugoslavia in 1989, he and his family fled to Malta as civil war befell their country. A self-taught tennis prodigy, he got a scholarship to Princeton and dominated the college ranks, then went pro and started to climb his way toward the world's top tournaments.Then, just…

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PODCAST: Developer Bruce Teitelbaum On Why He Is NYC Development's 'Sacrificial Lamb'

PODCAST: Developer Bruce Teitelbaum On Why He Is NYC Development's 'Sacrificial Lamb'   On this episode of Bisnow Reports, we speak with Bruce Teitelbaum, a developer who is proposing a two-tower mixed-income housing development at 145th Street and Lenox Avenue.His proposals have been staunchly opposed by local City Council Member Kristin Richardson Jordan. Teitelbaum withdrew the zoning application for the project in May and is now operating a truck depot on the site, which has drawn ire from local politicians, as well as the threat of a…

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