Articles About Real Estate

A sign of Chicago’s River North neighborhood’s inherent commercial strength is the recent $165 million sale of the 424-room Westin River North Hotel at 320 North Dearborn Street.  The purchase price was approximately $389,000 per room, an excellent price considering that the hotel market nationally has struggled.  The price was 37 percent higher than Tishman […]

New accounting standards calling for property to be marked to market,  and changes in lease accounting rules will strongly impact balance sheets, income statements and the general financial outlook of American companies. Unfortunately, many corporations are not ready to deal with the changes, according to a new report from CB Richard Ellis.  The mark-to-market requirement […]

The Alter NOW blog is pleased to announce that we are among the select few to be included in the real estate section on Alltop, an internationally renowned website that collects the “headlines of the latest stories from the best sites and blogs that cover a topic. Alltop, which envisions itself as the magazine rack […]

Bank of America has pulled the plug on Chicago’s high-profile Waterview Tower with its filing of a foreclosure lawsuit against the 90-story condominium and hotel tower overlooking the Chicago River.  The bank has sued to collect $20 million from the developer, an affiliate of Chicago-based Teng & Associates, which stopped construction last year. The building’s […]

Cornerstone’s launch fulfills William A. Alter’s 30-year vision that began when the legendary real estate titan acquired the first of what now comprises 650 acres in central Lake County. As a mixed-use development pioneer, Bill Alter understood that differing residential products could- and would — flourish, complete with nearby stores.  Cornerstone is taking Bill’s vision […]