Chicago restaurateur volunteers to fly rescue dogs and cats to their new homes

The Conversation

For a growing number of evangelical Christians, Trump is no longer the lesser of two evils

It has long been taken for granted that the majority of evangelical Christians in the United States will vote for Donald Trump.That may well be the case. But there are recent signs that fewer evangelicals will support Trump this time around than in 2016. In an August 2020 poll for Fox News, Trump registered a 38-point advantage over Joe Biden among among white evangelical voters. That is impressive, but it pales in comparison with his 61-point advantage over Hillary Clinton among evangelicals in the 2016 election. Meanwhile, a Pew survey on Oct. 13 found that white evangelical support for Trump had slipped since August, from 83% to 78%. Moral motivationAmong those who plan to vote to reelect the current president, “a majority are excited to get behind Trump, rather than being primarily

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Full-Floor Condo in 26-Story Chicago Building Set for Auction

A full-floor condominium with 360-degree views of Chicago is set to go to auction with no reserve on Nov. 14, according to Elite Auctions, which is handling the sale.

Located in a 26-story building in the city’s River North neighborhood, the five-bedroom, five-bathroom residence was most recently priced at $2.8 million, according to listing records. It will be sold at an on-site auction, although remote bidding will be accepted.


Lewis Kostiner, who with his wife, Anne Neri Kostiner, are local real estate developers, said they bought the 11th-floor space directly from the developer in 2009. Mr. Kostiner did not remember the exact price but said it was probably under $2 million for the space and the upgrades to the design.

“We wanted to lay out the apartment to suit our needs,” he explained. And “there are virtually no 5,000-square-foot apartments in Chicago.”

The couple created two separate living spaces, with

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The budget breakdown of two ballet dancers earning $178,000 a year who bought a condo in Chicago

This story is part of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money.

How a couple making $178,000 in Chicago spends their money

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Dylan Gutierrez, 30, and Jeraldine Mendoza, 29, are preparing for early retirement. Unlike most millennials, they don’t have decades of career advancement ahead of them — at least not as professional ballet dancers. Most dancers retire by 35 or 40, and with that in mind, the couple is diligently saving a big chunk of their $178,000 combined annual income in anticipation of their next act.

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They’ve spent their whole lives in the ballet world — Gutierrez grew up learning from his mother, a professional ballet dancer and instructor, and Mendoza started taking her first lessons when she was 5 — and they know that the physically

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Lightfoot administration defends proposed Chicago property tax hike plan for 2021

Mayor Lori Lightfoot’s budget team began its City Council defense of her tax-heavy 2021 spending plan on Monday, telling skeptical aldermen a $94 million property tax hike is an appropriate way to help balance the city’s books.



a person wearing a suit and tie: Mayor Lori Lightfoot delivers her budget address Wednesday, Oct. 21, 2020 in Council Chambers at City Hall.


© Brian Cassella / Chicago Tribune/Chicago Tribune/TNS
Mayor Lori Lightfoot delivers her budget address Wednesday, Oct. 21, 2020 in Council Chambers at City Hall.

With lots of Chicagoans out-of-work and struggling during the pandemic, council members kicked off the two weeks of hearings on Lightfoot’s $12.8 billion budget package by wondering why the mayor didn’t propose using more of the city’s reserves or other sources of revenue rather than hitting up homeowners to the tune of $56 in extra property taxes for a house valued at $250,000.

Several council members also pushed back against Lightfoot’s proposal to raise property taxes each year by an amount tied to the consumer price index.

While

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Chicago developer eyes apartments for Fulton Market

That vision for the property at the southwest corner of Fulton Street and Racine Avenue could be a key test for 27th Ward Ald. Walter Burnett’s new policy on residential development in Fulton Market north of Lake Street. Burnett has previously cited the pitfalls of future residents opposing new commercial development as a reason for blocking apartment buildings in that area. But in May he said he would lift his ban to try to stoke new investor interest in the neighborhood amid the COVID-19 crisis.

Given the density of office buildings in the area and companies including Google, McDonald’s and Mondelez International establishing it as a corporate destination, the buyers were willing to pay a big number for the chance to add apartments to the mix.

The sale price is roughly seven times the $2.7 million that the seller, Atlanta-based real estate firm Drapac Capital Partners, paid for the property

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Buyer sues to get out of Vista Tower condo in Chicago

The suit claims that Magellan fraudulently promoted the role of Chinese hotel investor Dalian Wanda Group long after Magellan knew the Chinese firm was looking to sell its stake in the project. This suit follows one filed in September on the same premise by the buyer of a $10 million condo on the 90th floor. 

“After Magellan knew Wanda was backing out, they still used (sales) materials that were all about how wonderful it is to have Wanda on the project,” said Chris Agrella, the Barrington attorney representing both of these buyers. 

Wanda’s presence, Agrella said, was an integral part of Vista’s appeal to his client. He previously told Crain’s that without Wanda’s involvement in the tower, Vista condos are “absolutely” worth less than his clients paid for them. 

Agrella said his client, Dayan, would not comment on the lawsuit. 

News that Dalian Wanda was looking to drop its investments

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Chicago Foreclosure Activity Depressed Despite High Delinquencies

Chicago foreclosure activity remains depressed
due to the pandemic moratorium

Last week ATTOM Data Solutions released their Q3 2020 Foreclosure Market Report in addition to updating their RealtyTrac data. As has been the case for several months now foreclosure activity is pretty much at a standstill as a result of the pandemic induced foreclosure moratorium. This is true both for the city of Chicago and the nation as a whole.

Chicago Foreclosure Activity

Chicago foreclosure activity has declined dramatically since the housing crisis. However, the recent plunge is the result of the moratorium placed on foreclosures in light of the Covid-19 crisis.

The foreclosure market report also provided an update on how fast foreclosures are proceeding. As you can see in the graph below it did tick up a bit in the 3rd quarter and remains at an absurdly high level of 830 days.

Average days to complete a foreclosure

In the absence of natural foreclosure activity the real

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General Iron Chicago move at center of HUD investigation into city’s alleged racist zoning policies

The federal government is investigating a complaint that Chicago zoning policies are racist.

General Iron Chicago move at center of HUD investigation into city’s alleged racist zoning policies

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The complaint focuses on the scrap shredder General Iron. The operation plans to move from largely white Lincoln Park to a Latino-majority neighborhood on the Southeast Side.

General Iron has been cited several times for pollution. Activists say the city violated federal law by allowing the company to move.

The groups who filed the complaint include the Southeast Environmental Task Force, Southeast Side Coalition to Ban Petcoke and People for Community Recovery. Mayor Lori Lightfoot, Alderman Susan Sadlowski-Garza, Alderman Brian Hopkins and the Chicago City Council are named in the complaint.

RELATED: Illinois EPA approves General Iron construction permit for Chicago’s Southeast Side

“Every year that we wait to address environmental racism in Chicago, is another

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Windy City Rehab ‘s Alison Victoria Is Selling Chicago Home for $2.3 Million

Windy City Rehab’s Alison Victoria on Starting Over After a Difficult Year: ‘I’m So Much Stronger’

HGTV’s Alison Victoria opens up about what she calls “the worst year of her life”

Windy City Rehab designer Alison Victoria has been cleared to sell her Chicago home amid an ongoing lawsuit.

The HGTV star has listed her own five-bedroom, four-and-a-half bathroom home for $2.295 million with Ryan Preuett of Jameson Sothebys International Realty.

The single-family property boasts a number of notable amenities, including a two-car garage, a theater room with a wet bar, a private rooftop deck and an outdoor kitchen — which is home to a wood-fired brick pizza oven and a built-in grill.

Meanwhile, the kitchen is filled with custom cabinetry, a waterfall-edge marble island and opens up into an intimate family room, which has its own fireplace.

B.R. Lillie Photography Alison Victoria’s Chicago home

B.R. Lillie Photography Alison Victoria’s

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Chicago Loop office building for sale after being flagged for potential default

A sale at that price would barely cover the $24.4 million loan a Wilton venture took out in 2017 when it refinanced the property, which is just 60 percent leased, according to a Bloomberg report tied to the debt. The loan was packaged with other mortgages and sold off to bondholders.

The property at the time was appraised at $28.8 million, and the Wilton venture renovated the building in 2018 with a series of projects including a new tenant lounge and fitness center and lobby updates, according to CBRE.

The move to sell the 24-story art deco building comes less than two months after the loan was transferred to a special servicer, normally a red flag to investors in the commercial mortgage-backed securities loan that the owner could default. Net cash flow at the building has fallen well short of what the Wilton venture needed to cover its debt service

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