Even Obama is in trouble with preservation groups. At issue? Parking

Obama’s 450-car parking garage will take up about five acres of Chicago’s historic Jackson Park and, despite local opposition, it’s not moving — at least for now. Part of the Obama Presidential Center, the garage sits atop Midway Plaisance, an area that connects Jackson Park to Washington Park and, designed by Frederick Law Olmsted, it[…]

The year in hurricane damage: Is climate change catching up with South Florida RE?

After a devastating hurricane season that wrought billions of dollars worth of damage, South Florida property markets are beginning to reveal the long-term fall out from the storms. Prospective buyers are increasingly paying for their own independent flood assessments in order to discover how much risk the property faces as sea levels rise and future[…]

HFZ sells 46 units at the Chatsworth

HFZ Capital Group sold off 46 apartments at its Chatsworth co-op conversion on the Upper West Side for $38 million, records filed with the city Friday show. The buyer was an entity linked to the Safras, the billion-dollar Brazilian banking family that is a minority-owner of the GM building. A receptionist at Safra & Co.[…]