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March 22, 2012 / mpauli

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October 31, 2011 / mpauli

Movie Site – Field Of Dreams – is purchased by local Chicago Couple

Chicago Baseball couple buys Field of Dreams

"Field of Dreams"

 

I loved the Movie “Field of Dreams” and have read the “Catcher in the Rye” as well so I’ve been a baseball fan for a long time. I am happy to see this old 190+ acre farm in Dyersville, IA has been purchased and the “Field of Dreams” ballpark and movie set will be saved. The Des Moines Register just ran a story about a Chicago couple that has purchased this old baseball diamond, and the 190 acre farm along with the old movie set. 

As a fan of baseball, this movie, the voice of Darth Vader and CNN (can you find the common link?) I am happy to see this field and tourist site will be saved. However I just can’t imagine that the buyer’s dream of turning this farm into a 12 – stadium baseball / sports complex will be possible. Dyersville, IA is about 45 miles due west of Galena, IL on US-30. A bustling town of 4,216. I sure hope I am wrong. After all it was the advise of the “voice” that Ray Kinsella (Kevin Coster) followed in the movie the proved to be true then; “If you build it, they will come.”

 

 

October 20, 2011 / mpauli

States with the highest (and lowest) homeownership

Interesting article from 247wallst.com. As the title implies, this article discusses the highest and lowest homeownership rates in the USA. Only one of their findings surprised me, and that was the State with the 3rd highest percent of home Ownership: Michigan.

I would have suspected with the decline in the auto industry, increase in unemployment and REO / foreclosures that this percentage would have decreased. Maybe it has, as this article does not give a starting point, or a reference as to “where were they.” It would have been nice to see a graph / chart with the top 5 states with the largest swing in Homeownership %.

The states with the lowest homeownership make complete sense to me: NY, CA, HI, NV, and RI. I was a bit surprised not to see Illinois in this group to be honest. However I cannot argue with these 5 – though Rhode Island does seem to be a bit of an outlier on this list.

It would be interesting to see this stats in metro areas as well. I would suspect there you would see an inverse relationship to the size of the city (NYC, LA, Chicago) to the percent of homeownership. Land is too expensive and these cities are transient. A good indicator of this I spoke about yesterday – apartment buildings are on a huge upswing for investors at this time.

If you are interested in the full article – here it is: States with the highest (and lowest) homeownership.

Please do not hesitate to reach out if you have any questions about Chicago’s real estate market. I can be reached at mattpauli@atproperties.com or my website at MattPauli.com.

Cheers,

Matt

October 19, 2011 / mpauli

River North apartment high-rise sells for over $90 million

Another high-rise apartment building is selling in Chicago. This time, River North’s 25 story 77 W Huron Street property. Selling at over $90 million or about $296,000 per unit this is not the most expensive building to sell in Chicago recently, but does continue the hot trend in apartments.

The Chicago real estate market is seeing a slow (as most of the US) in housing sales, however unlike most of the country, there is still a need for housing in the 3rd largest city in the United States. Apartments throughout Chicago (from the South Loop, River North, Streeterville, Gold Coast, Old Town, Lincoln Park, Lakeview and Wrigleyville) are climbing in rents and are often seeing “bidding wars” for tenants as they fill very quickly once on the market.

I recently had a client looking for an investment property, one that would out gain the stock market and crush their savings account. We found a gem in Chicago’s Lakeview neighborhood. This three-flat property will give my client upwards of an 8% cash on cash return!

There are plenty more out there for you as well. I can help find you a great investment property in Chicago. View properties from my website (http://MattPauli.com) or email at mattpauli@atproperties.com.

Here is Crain’s article on the most recent apartment building sale: River North apartment high-rise sells for over $90 million | News | Crain’s Chicago Business.

October 18, 2011 / mpauli

Ernst & Young to add 500 Chicago jobs

Great to see companies adding to the workforce here in Chicago. Will E&Y be hiring unemployed or stealing from other consulting agencies? Does it matter for the workforce? What’s your opinion about this? Accenture also recently announced they would fill 500 jobs in Chicago as well. These must be good signs!?!

For the full article – click here –> Ernst & Young to add 500 Chicago jobs | Greg Hinz | Blogs | Crain’s Chicago Business.