Navigating the Chicago Real Estate Market

We're pleased to report that our 4th Navigating the Chicago Real Estate Market seminar was a success with all three expert panels sharing a common message. The message is that we as developers, builders, attorneys, consultants, investors, etc. need to help educate our municipalities and provide well documented explanations of what they need from the municipality in order to get developments moving forward again. The fact that banks and land owners are giving potential buyers a very short due diligence window needs to be explained to the municipalities, so they understand that "demands" aren't being made to them, but rather, there are stricter constraints being placed on potential buyers today. In addition, cost structures have changed for everyone, including the end-user, and we all need to be more flexible. The more all sides can work together to share some benefits of a proposed project, the more likely the municipality will be willing to change their current processes to assist the buyers.

If you missed the event, we have placed the presentation slides here on our blog, under the Navigating the Chicago Real Estate section on the left tool bar.

Thanks to all the panelists, moderators and attendees. It was a half day of exceptional insight, real market examples and great conversation. Happy Holidays and we'll see you in the spring at the next real estate seminar.