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January 30, 2024

This Week’s Chicago Deal Sheet

The Lowe Group, a Compass real estate team founded by CEO Jeff Lowe, is expanding into Chicago’s North Shore.

This Week’s Chicago Deal Sheet

Grace Kaage, former Compass managing director for Illinois and Indiana, will spearhead the launch of the Lowe Group North Shore. Kaage previously led a top-producing real estate team before transitioning to support sales leaders responsible for billions in real estate transactions across multiple states, the company said. “This presents a tremendous…

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With Capital And Patience Dwindling, Short Sales Begin To Hit The Office Market

Investors raised billions of dollars last year as they awaited distressed real estate assets to come to market at steep discounts. However, they found few opportunities as office owners largely found ways to hold on to their properties. That’s now starting to change.

With Capital And Patience Dwindling, Short Sales Begin To Hit The Office Market

Office buildings across the country are starting to trade at significant markdowns, in many cases selling for less than the value of their loan. Those types of transactions, executed in concert with the buildings' lenders, are known as short sales. Lenders have lost patience waiting for an office sector recovery that…

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For The First Time In Decades, Property Is Central To The Fate Of A General Election

Property is always a big topic of conversation in the UK: house prices, the shortage of new homes and where rents are heading. But for the first time in a long while, there is a feeling that real estate issues could decide a general election, and politicians are taking notice. 

An election is highly likely in the autumn of 2024 and must be held by 28 January 2025 at the latest, with the lead-up dominating national discourse this year. Bookmakers feel certain the contest will deliver a Labour government, but however it goes, there could be big implications for property and what property can, in turn, do for the country.

“This is the first election for decades when all the main parties are talking so much about housing, about planning, infrastructure spending and the importance of those things for both growth and also social protection,” British Property Federation CEO Melanie Leech said. 

For The First Time In Decades, Property Is Central To The Fate Of A General Election

Leech's remarks came at a roundtable event to launch the BPF’s 2024 election manifesto. The document outlines what the industry would like to see from the next government, be it Labour or Conservative, and how those asks would benefit the country.Also speaking at the event was…

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LVMH Reportedly Is Next Luxury Retailer Who Wants To Buy A Piece Of Fifth Avenue

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The competition among international luxury fashion brands for space on the world's most expensive retail corridor is heating up. LVMH Moët Hennessy Louis Vuitton, the parent company of Louis Vuitton, Christian Dior and jewelry designer Tiffany & Co., is in negotiations to acquire 745 Fifth Ave., a…

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