Renderings have leaked online for the new project planned by Sterling Bay for the former Harpo Studios complex.
The property, occupying an entire city block in the West Loop, was purchased by the developer last year for $32 million and while they haven't formally announced their plan it looks like an entirely new development will be coming to the hot neighborhood.
Check out more renderings and information at Curbed Chicago here.
A new report from the Pending Home Sales Index shows that the rate of contract signings has hit a nine-year high in April 2015.
The report finds that signings were up 3.4 percent from March and 14 percent from the previous year. It also marks the fourth-straight month of increases.
The Midwest was one of two regions with the largest increase, seeing an uptick of 5 percent.
"Realtors are saying foot traffic remains elevated this spring despite limited - and in some cases severe - inventory shortages in many metro areas," NAR Chief Economist Lawrence Yun told Chicago Agent Magazine.
Read more here.
The National Association of Realtors is out with new data showing that the housing market had a hiccup in April except the area they termed a "beacon of light": the Midwest.
Existing homes sales in the Midwest increased 1.7 percent from March to an annual rate of 1.22 million sales, 13 points higher than April 2014. The median was also up, to $173,000, 11.4 percent higher than the previous year.
Those numbers substantially out-performed the rest of the country, which saw an average decline of 3.3 percent from March.
For more, head over to Chicago Agent Magazine here.
Rents have been on a steady increase since 2008, according to a report out from the U.S. Census Bureau.
The Census Bureau analyzed data from 2006 to 2013 in the country's 11 most populous metro areas: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco and Washington, D.C.
In Chicago, the rental population grew a total of 12 percent over that time period and rents rose together while vacancy declined.
For the whole story, head over to the Chicago Tribune here.