April 2017

Found 4 blog entries for April 2017.

Story by Alby Gallun of Crain's Chicago Business.

Bringing new meaning to the term "long-term hold," a Chicago family has sold a 48-unit apartment building in Lincoln Park a century after building it.

Newcastle, a Chicago-based real estate investment firm, said it paid $18.7 million for the seven-story building at 325 W. Fullerton Parkway. Property records identify the seller as Joseph R. Swanson, whose grandfather, Joseph E. Swanson, developed the apartment building in 1917. You won't find too many properties passed down like a family heirloom through three generations. Many developers these days cash out as quickly as they can, especially in today's hot apartment market.

"But it's not unusual for us to come across properties that are being sold

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Easter and Passover

 are - like many other holidays - associated withe special food. Most holiday foods are seasonal treats and the Easter cake is no exception. When I did a search for Easter cakes, I came up with a large variety of very different recipes, mostly defined by geographical origin. I consider myself a very open minded and forward thinking person, but when it comes to Holiday treats, I stick with tradition. Due to my Swiss heritage, I am partial to that country's version of Easter cake, but that is just because there isn't a better version anywhere else in the world! In Switzerland this cake is as popular as Easter eggs, the only debate is whether it's prepared with rice or semolina. 

When it comes to personal preferences, real

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Photograph by Chris Goodney/Bloomberg

Eleven Madison in New York won the number one spot in the world's 50 best restaurant awards. This is the first time since 2004 that a US restaurant has won the top spot.

As reported by Richard Vines/Bloomberg, the winners were announced in a ceremony at the Royal Exhibition Building in Melbourne. The list is decided by a panel of more than 1,000 chefs, food writers and other experts from 26 geographical regions.

When Copenhagen restaurant Noma first won in 2010, 100,000 people tried to book online the following day. And after El Celler de Can Roca’s 2013 victory, its website received 12 million hits. Three extra employees were hired to turn  down requests for tables, and the waiting list grew to one year,

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According to an article in Crain's Business, a new residential project with about 700 apartments and condo units could be built on a parking lot across from Holy Name Cathedral in Chicago's River North area. 

According to the article, Chicago-based JDL Development confirmed that they are in talks with the Archdiocese of Chicago to acquire the site across the Cathedral. The site is now being used as a parking lot. 

The site is located in one of the most expensive and thought after neighborhoods in River North, just a couple blocks away from Michigan Avenue and surrounded by luxury hotels and condominium buildings. 

We have long wondered when this site would be developed and what type of project would be built. According to the Crain's article, the

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