Chicago housing provider dealing with its politics, resisting victim culture, no apologies. Spelling/typos don't matter on social media (opinions r my own)🇬🇷
Chicago, IL 35th Ward.
Joined January 2017
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🚨Another tax appeal incoming..even more commercial tax revenue lost for Chicago..remember this when your rent goes up..or if you own a home and that tax bill rolls in next year.👇
332 S. Michigan Ave. Chicago, Illinois
Appraised at $13.4M ↓76% from more than $56M appraisal in 2016.
A venture of Envoi Partners is set to buy the distressed 14-story office portion of the building to resolve a $29M foreclosure lawsuit.
The pending purchase price and Envoi’s plans for the property are unclear.
348,890 Square Feet Built 1910
-Crain's
#CommercialRealEstate
Legit the dumbest name for a new plaza..folks after months of work and millions spent...we bring you
The Logan Square Megamall Plaza.
What the fu@k...
One of the first impacts higher interest rates will have on housing will be more people renting...compounding the already tight supply problem.
Second downstream effect? Less building, as capital becomes more expensive, less projects pencil out (except for the best neighborhoods).
More people renting and already tight supply? Getting even tighter?
Equals EVEN HIGHER rents.
US housing market likely to stay bleak, Goldman Sachs warns msn.com/en-us/money/economy/…
These are the kinds of things that drive down the valuations of buildings in downtown Chicago.
So when buildings nearby appeal their tax valuations, guess what?
They win. Saving $$$.
Guess where Chicago goes to make that money up..residential tax bills.
So a homes tax bill goes up or subsequently those renting from them see their rents rise.
The point? A healthy vibrant downtown is good for all of Chicago..and people's pocketbook.
Illinois Center at 111 E. Wacker Dr and 233 N. Michigan Ave Chicago is scheduled for a Nov. 12 sheriff’s foreclosure sale.
Appraised at $66.5M - ↓82% from purchase price
Purchased for $376M in 2015
Loan balance of $285.7M
233 N. Michigan Ave 17% leased
111 E. Wacker Dr 52% leased
2.1M Square Feet
-Crain's
#CommercialRealEstate
Agreed
Rent is too high and housing is in a major shortage across Chicago.
City Hall has ignored this for far too long. As Mayor, I’m bringing the cranes back 🏗️ and building more housing.
I’m ALL IN Chicago.
#chicago
The biggest heist of Chicago money is the CTU owned progressive alders & mayor borrow money write themselves fat checks in contracts.
Progressives do this with a smile and feel good attitude...while they literally worsen the issues they run on..such as clean government and more cost effective housing.
Then tell you that everyone else, WHO HAS NOT BEEN IN CHARGE, will ruin the city😵💫😵💫😵💫.
LaSpata in the 1st ward for example talked about corruption, housing and clean government entering politics
Then runs when they vote to raise the city council voting threshold on borrowing to 30 to curb the city's debt crisis.
That veto override failed by ONE vote man..one vote.
Leadership failures man..Progressives are just feel good thieves.
👎👎👎
I love how the mayor's office produces data..as we saw with the Julie Dawkins/activist creating nonsense data to support a mayor position on PRO most recently..a lost trust to be sure.
Honest data from honest sources to produce GOOD policy..not this nonsense! @ChicagosMayor
Wow you have a political activist who does you bidding...you must be kidding right?
Talk about nonsense. Typical though, manufacturing your data/answers!
Good god, these are the the very front groups for the DSA/CTU that got Brandon in office..and that she donates 2....wow 🙄
illinoissunshine.org/search/…
Case study in Chicago politics:
Where can you??👇
1. Downzone and contribute to one of the worst housing shortages in the cities hottest neighborhoods, raising rents on the people he claimed to help.
2. Lay hands on a black alderwoman to stop quorum.
3. Narrowly avoid censure by the city council for that act.
4. Fail as zoning chair and be replaced.
5. Secure a CEO role THEN get a contract into the next administration, so that when your CTU puppet mayor is out you get a nice payout.
Carlos Rosa is the poster child of why politics needs a massive clean up. 👇
Carlos Ramirez-Rosa received a vote of confidence Wednesday from the Chicago Park District Board of Commissioners, which unanimously agreed to extend his contract as the district’s CEO and general superintendent through the end of 2029.
to.wttw.com/4zzmVGE
Chicago Kid retweeted
The dueling rental ordinances won't be called at today's City Council meeting. Neither side filed a Rule 41 motion to call either ordinance for a vote. So that at least saves hour(s) of City Council meeting time today.
Small blessings.
Love the level of public intoxication & sidewalk lounging these (same) bums are here constantly at the corner of Drake & Milwaukee.
In front, of the vandalized mural @ArielParrella.
Maybe @AnthonyJQuezada could..you know..clean that up.
Right down the street from his office. – at Chicago, IL
Brandon Johnson cannot even do financial gimmicks right Chicago👇
Mayor Johnson's Debt Refi Plan busts. news.wttw.com/2026/10/09/joh…
