Janet Owen and Marion Powers are featured in a story in Crain’s Chicago Business that focuses on sales of high-end homes in the city and the suburbs. The article notes that the city is leading the growth in the luxury sector, as buyers are gravitating toward the downtown area. To read the original article, please click here.
Both Chris Downey and Marion Powers, of our Winnetka office, are quoted in Crain’s ChicagoRealEstateDaily.com! The story highlights the hoops some sellers will go through to make their older properties more attractive, especially as the demand for new construction increases. The article features one Sheridan Road homeowner who intends to tear down his 1920s mansion to entice buyers to invest in his 1.9-acres of prime, lakefront living. Marion is quoted saying, “Old-time mansions often don’t appeal to today’s affluent buyer, because of the high cost of maintenance and updating.” Chris says she’s not convinced seller-sponsored demos are a trend, but has seen a few instances of such, “It’s usually because somebody had a change of heart.” To read the full article, please click here.