Local and national Headlines on the Real Estate Market in Chicago and related topics.
For a more in depth review of current news headlines, see the following sources:
Manufacturing corporations' seasonally adjusted after-tax profits averaged 4.3 cents per dollar of sales for the second quarter of 2009, up 1.6 (+/- 0.1) cents from the after-tax profits average of 2.8 cents for the first quarter of 2009.
2nd Qtr 2009: +1.6 cents
1st Qtr 2009: +8.0 cents
Overnight - Mostly clear. Lows in the upper 40s. South winds 10 to 20 mph. Gusts up to 30 mph.
... Kozonis' request for their support saying they had already agreed to back the casino proposal of Chicago real estate billionaire Neil Bluhm. The Illinois Gaming Board in late December picked Bluhm's proposal to locate his casino on River Road north ...
CHICAGO (AP) - For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners to their jobs each day. Sniffles or not.
President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

FOX LAKE, IL-The elderly-housing development will include 100 units at the corner of Big Hollow Road and West Nippersink Road.
Ann Sperling
Jones Lang taps Trammel Crow vet to be for exec post
Ann Sperling, 54, has joined Jones Lang LaSalle Inc. as chief operating officer for the Americas region. Ms. Sperling replaces Bill Thummel, who has been in the position since 2005 and was named to a new post of chief operating ...
(Crain’s) — News that 13 leases were announced at Block 37 was the most-viewed story in the past week at ChicagoRealEstateDaily.com. The top five in the past week as of Friday morning:
13 leases announced at Block 37
Nick's Fishmarket closes in Loop
B of A slams Block 37 developer ...
(Crain’s) — Experian PLC continues to look for a taker for a 107,000-square-foot office building in Schaumburg, several months after unloading a larger building next door in a nearly $26-million sale/leaseback deal.
Earlier this year, the credit reporting agency hired Jones Lang LaSalle Inc. ...
While momentum is building on Capitol Hill to extend the $8,000 first-time homebuyer credit, President Obama's housing secretary said Tuesday the administration has not decided whether to support its expansion.

EveryBlock Chicago. EveryBlock is a new way to track news in your Chicago neighborhood ... interested parties can bid on the house in the old fashioned way – through a real estate ...
Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... - Atlanta-Sandy Springs-Marietta - Detroit-Warren-Livonia - Chicago-Naperville-Joliet ...
Q In about one year, my wife and I are going to move to Arizona. We have decided to rent out the next property we buy, whether it be a house or condo. We have already inquired about a real estate agent and we intend to meet with him on our next trip to Phoenix.



New rules offer protection from surprise charges
Remember the bad old days of 11th-hour mortgage settlement cost shocks and mystery junk-fee charges? Remember when the "good-faith estimates" your lender gave you upfront said closing costs would be about $2,000, but somehow they ballooned to $3,500 on the final settlement sheet?



So, you've set up an organized office space. Here's how to keep it that way: Get a handle on mail. Pull out the junk mail and put it in the recycling bin. Take bills out of their mailing envelopes, put them together with their return envelopes, and then place them on a spot on a desk just for bills. Keep up with filing. Shred new credit card offers and anything with personal information on it. -- The Washington Post



We're taking questions today that continue the topic "Getting your house ready for winter."



Developer cuts prices on 20 units in South Loop
A diverse mix of timber-beam loft condominiums is being offered at deeply discounted prices in the final closeout sale at the 116-unit Prairie District Lofts, 1727 S. Indiana in the South Loop.



Family-run custom builder fills lots in western suburbs
In 1975, Tom Jurjovec earned a college degree, took a job in banking, then left it a year later to build houses. In 2004, his sons, Tom and Dan, left careers in accounting and insurance to do the same.



Katie Hosso of LaGrange Park, student



Chuck Enk has a knack for spotting newcomers on his friendly tree-lined block because they're usually the ones not chatting with passersby. In typical Midlothianite fashion, he soon fixes that.



Developers build tight and ventilate right for a healthy new home
The terms "indoor air quality" and "energy-efficiency" are common in today's builder-buyer conversation, but they are relatively new concerns. Comb the fine print of a 1960s advertisement for a development of "luxurious" new houses in Naperville, for example, and the closest you come is "fully insulated." And, that was an amenity worth bragging about then.



Illinois, Chicago work their magic to lure more first-time buyers
With first-time buyers fueling the housing market, the state of Illinois and Chicago aren't willing to let go of that potential homeowner, regardless of what happens with the first-time buyer's tax credit.



Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... Chicago native Gary Sherman, who’s directed such films as “Vice Squad” and ...
House Minority Leader John Boehner today came out swinging against the Obama White House, saying it was guilty of "Chicago style politics ... candidates, former state party chairman Sue Lowden and real estate developer Danny Tarkanian.
CHICAGO - It seems like just a short time ago that Nick Ferro and Joseph DiPiazza were growing up in the Chicagoland area, being raised into families devoted to the real estate business in Chicago.
Read full story for latest details.

CHICAGO - It seems like just a short time ago that Nick Ferro and Joseph DiPiazza were growing up in the Chicagoland area, being raised into families devoted to the real estate business in Chicago.
Many Americans love living in university towns, especially ones with big-time college football teams. One of the surprising attractions of these places is that they can be very affordable.

(AP) — Five Chicago-area Waldenbooks, Borders Outlet and Borders Express stores are among about 200 that parent company Borders Group Inc. plans to close in January as it focuses on its more profitable superstores.
The local stores on the company’s list of anticipated closings are the ...
Giving troubled borrowers yet another way to avoid foreclosure, Fannie Mae said on Thursday it would allow eligible homeowners to rent their own homes.

Unemployed Americans are set to get up to 20 additional weeks of jobless benefits, while new homebuyers are poised to see the $8,000 tax credit extended into mid-next year.

Court gives Escada more time to renegotiate Mag Mile lease
Escada USA Inc., which last month filed a motion in Bankruptcy Court to reject its lease at 840 N. Michigan Ave., was given more time to strike a deal to keep the store open. A court hearing planned for Thursday on the matter was postponed ...
(Crain’s) — Strategic Hotels & Resorts Inc. absorbed more losses in the third quarter as the recession depressed occupancies and room rates at its hotels.
The Chicago-based company, whose local properties include the Fairmont Chicago and the InterContinental Chicago, reported a loss of $5.2 ...
(Crain’s) — After chipping away at a mountain of maturing debt, Inland Western Retail Real Estate Trust Inc. has knocked off a big chunk of it, easing a cash crunch that looked life-threatening earlier this year.
Inland Western says it has landed a $140-million loan from an unidentified ...
(Crain’s) — A former McKinsey & Co. partner who worked with food industry clients hopes to land a $3-million city subsidy for his plan to provide better restaurants and produce in the Bronzeville neighborhood.
Bernard Loyd Bernard Loyd — whose five MIT degrees include a doctorate ...
CHICAGO- Three of the loans are part of the Freddie Mac CME program while the fourth loan is part of the Freddie Mac Capped ARM program.
Nov. 5, 2009. CMK Companies’ 1720 South Michigan high-rise in Chicago’s South Loop is just four sales away from a sellout, according to Managing Broker Scott Hoskins.
Sale...

(Reuters) — Shares of Hyatt Hotels Corp. rose almost 8 percent in their debut on the New York Stock Exchange on Thursday, alongside an upswing in the broader market.
In early trading, Hyatt shares were up 7.9 percent to $26.97.
The initial public offering of Chicago-based Hyatt priced at $...
... the Lisle Hilton, the Chicago Tribune reports. So auctioneer Michael Berland pulled it. Now the home is going back on the market so that said interested parties can bid on the house in the old fashioned way – through a real estate agent.
CHICAGO-The local firm has pulled two 25-year veterans from Jameson Realty as well as a broker from Sheldon Good & Co.
Yet another high-profile Chicago property auction hasn't gone exactly as it was planned or promoted



(Reuters) — Hyatt Hotels priced its initial public offering of 38 million shares at $25 per share on Wednesday, within its expected range.
Hyatt shares will start trading Thursday under the ticker "H" on the New York Stock Exchange.
Chicago-based Hyatt had said it would sell its shares for ...
Liberty International has made strides over the past year shoring up its balance sheet, managing occupancy and maintaining cash flow. But the U.K.'s largest retail landlord's problems are far from over.
The World Bank and IMF are raising concerns that efforts by governments and central banks to stoke a recovery will create asset bubbles in real estate, stock and currency markets.
RISMEDIA, November 5, 2009—@properties, one of Chicago’s leading real estate brokerage companies launched a new company website (www.atproperties.com). According to the company, the site gives consumers all of the Chicago-area real estate listings from the MLS, neighborhood information and hyper-local market data; while also providing the company and its agents ...
Wells Fargo & Co.'s strategy for modifying troubled Pick-A-Pay mortgages looks like a game of kick-the-can-down-the-road.
A closely watched deal that may help uncork the commercial-property debt market is picking up steam after being threatened by the Fed.
CHICAGO, IL--(Marketwire - November 4, 2009) - It seems like just a short time ago that Nick Ferro and Joseph DiPiazza were growing up in the Chicagoland area, being raised into families devoted to the real estate business in Chicago. Now, with a combined 60 years in Chicago real estate , the two are partners in one of the most innovative real estate development businesses in Chicago. Growing up ...
It seems like just a short time ago that Nick Ferro and Joseph DiPiazza were growing up in the Chicagoland area, being raised into families devoted to the real estate business in ...
(Reuters) — Shares of Hyatt Hotels Corp will price on Wednesday and are set to start trading on Nov. 5, a day earlier than previously planned, according to some of the company's underwriters.
The company had earlier intended for the pricing of shares for its initial public offering to take place ...
A foray into hotels by Sam Nazarian, who operates some of L.A.'s hottest nightspots, has turned into a costly slog amid the worst hotel market in decades.
(Crain’s) — The nation’s largest beer distributor, Reyes Holdings LLC, plans to expand its offices by at least one third, to more than 69,000 square feet, as part of a one-mile move from one Rosemont office building to another.
Reyes Holdings, the Chicago area’s second-largest privately ...
NEW ORLEANS-The Long Term Disaster Recovery Working Group held the first of five planned stakeholder forums today in New Orleans. The Working Group, co-chaired by Department of Homeland Security (DHS) Secretary Janet Napolitano and Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and comprised of the Secretaries and Administrators of approximately 20 departments and agencies, will provide President Obama with recommendations on how to improve long-term disaster recovery with a particular focus on catastrophic disasters.
CHICAGO-Another 18,050 square feet has been filled in the 280,000-square-foot development. The first round of stores will open this month.
... be announced Nov. 3. Chicago, IL, November 04, 2009 --( PR.com )-- Dream Town Realty, a leader in online Chicago real estate, is in the running for "Favorite City Brokerage Web Site" for Chicago Agent magazine's Agents' Choice Awards. Dream Town is ...
Home sales activity in the metropolitan Chicago real estate market has improved steadily over the course of 2009 based on data available for sales through the first nine months of the year. Overall, sales activity during the third quarter of 2009 was 3.5 percent higher than during the same period of 2008, according to an analysis by the RE/MAX northern Illinois real estate network. (PRWeb Nov 4 ...
Brand new home search technology is available on Dream Town's latest version of its leading Chicago real estate website. The newly redeveloped 4th generation site launched today with all new features for Chicago home buyers and sellers. (PRWeb Nov 4, 2009) Read the full story at http://www.prweb.com/releases/Chicago/RealEstate/prweb3157944.htm
Home sales activity in the metropolitan Chicago real estate market has improved steadily over the course of 2009 based on data available for sales through the first nine months of the year. Overall, sales activity during the third quarter of 2009 was 3.5 percent higher than during the same period of 2008, according to an analysis by the RE/MAX northern Illinois real estate network.
Brand new home search technology is available on Dream Town's latest version of its leading Chicago real estate website. The newly redeveloped 4th generation site launched today with all new features for Chicago home buyers and sellers.
What's Taking So Long?New York Gov. David Paterson is upping the ante for bidders vying to turn a dilapidated horse-racing track into New York City's first casino-type destination.
CHICAGO-The 56,000-square-foot medical office building will soon be joined by a 600,000-square-foot hospital on the property.
2009 Sportsfest
Join hundreds of gymnasts, tumblers and cheerleaders at Chicago's 2009 Sportsfest.
CHICAGO - Tribune Co., owner of The Chicago Tribune, the Los Angeles Times and several other news outlets, will not use ... Much of that debt was amassed when real estate mogul Sam Zell took the company private in 2007. Tribune properties across the ...
CHICAGO -- For millions of Americans, the rule is simple: If you don't come to work, you don't get paid.
Swine flu without sick leave? Tricky calculation for millions trying to stay well or risk rent
... addition, the new @properties site delivers users approximately 15,000 more listings than most other Chicago real estate websites by offering a "Virtual Office" feed directly from Midwest Regional Data, Chicagoland's MLS. All @properties ...
Website takes a consumer-centric approach to Chicago real estate with enhanced search functionality, Chicago neighborhood guides and content from all over the Web
Website takes a consumer-centric approach to Chicago real estate with enhanced search functionality, Chicago neighborhood guides and content from all over the Web
All post double-digit increases despite efforts to help homeowners
The morass of mortgage foreclosures continues to climb its way up the Chicago area's socioeconomic ladder.



CHICAGO — For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners to their jobs each day. Sniffles or not.
CHICAGO-Three company officials are selling a portion of their common stock, 38 million shares, with the hopes of acquiring $988 million.
Total construction activity for September 2009 ($940.3 billion) was 0.8 percent above the revised August 2009 ($933.0 billion). Please see our web site for further details: http://www.census.gov/constructionspending
September 2009: 0.8 % change
August 2009: -0.1 % change
As the swine flu spreads across the nation, a large segment of the American work force will face a tough choice about whether to call in sick or simply muddle through. Read more at www.WISHTV.com
The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.

CHICAGO (AP) — For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners to their jobs each day. Sniffles or not.
CHICAGO-Just shy of half the respondents said they plan to utilize auctions for property and note sales in 2010.
As the swine flu spreads across the nation — and public health officials plead with the ill to, please, stay home in bed for several days until the fever goes away — a large segment of the American work force will face a tough choice about whether to call in sick or simply muddle through.
CHICAGO -- For millions of Americans the rule is simple: If you don't come to work, you don't get paid.That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and sma...
CHICAGO For millions of Americans the rule is simple: If you dont come to work, you dont get paid.
Free parking for one year! A free flat-screen plasma TV! Your choice of a free car or furnished condo!
CHICAGO — For millions of Americans, the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day-care workers, servers, shopkeepers and small-business owners to their jobs each day. Sniffles or not.
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... of Federal Reserve policymakers for hints as to whether the Fed will tighten credit following Friday's positive Chicago PMI ...
... years of your life playing football. How do you think that's differentiated you from other metro Chicago real estate executives? A As captain of New Trier's and Stanford's football teams, I had a chance to lead and compete in many pressure ...
Charles Young's interest in properties began as a child; success in NFL gave him opportunity to start investing When 10-year-old Charles Young moved to Glencoe from Chicago's South Side, "seeing the homes on Sheridan Road versus the two-bedroom home I'd been raised in made a big impression on me," he said. "That's when I started paying attention to real estate."
CHICAGO (AP) — For millions of Americans the rule is simple: If you don’t come to work, you don’t get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopk...
As the swine flu spreads across the nation — and public health officials plead with the ill to, please, stay home in bed for several days until the fever goes away — a large segment of the America...
As the swine flu spreads across the nation -- and public health officials plead with the ill to stay home for several days until the fever goes away -- a large segment of the work force will face a tough choice about whether to call in sick or simply muddle through.
Last year, Chicago real estate agent Jen Sanders was felled for five days by the seasonal flu after forgoing a flu shot for the first time in a decade. Stuck at home, she had to call other real estate agents to attend everything from home inspections ...
Last year, Chicago real estate agent Jen Sanders was felled for five days by the seasonal flu after forgoing a flu shot for the first time in a decade. Stuck at home, she had to call other real estate agents to attend everything from home inspections ...
Swine flu without sick leave? Tricky calculation for millions trying to stay well or risk rent
CHICAGO — For millions of Americans the rule is simple: If you don't come to work, you don't g...
As the swine flu spreads across the nation -- and public health officials plead with the ill to stay home for several days until the fever goes away -- a large segment of the work force will face a tough choice about whether to call in sick or simply muddle through.
(11-01) 11:08 PST Chicago (AP) -- For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners... Sponsored Topics: Small business - Swine influenza - Business - Sick leave - Associated Press
CHICAGO - For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners to their jobs each day. Sniffles or not.
For millions of Americans the rule is simple: If you don't come to work, you don't get paid.
For millions of Americans the rule is simple: If you don't come to work, you don't get paid. That idea drives an untold numbers of carpenters, day care workers, servers, shopkeepers and small-business owners to their jobs each day.
For millions of Americans the rule is simple.
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... one job offer within 3 months of graduation. That's five percentage points lower than the top-ranked University of Chicago ...
... of GENO PETRO, top producing Web 2.0 Realtor, Blogger, and downtown Chicago Buyers Agent. Organic Chicago Real Estate content, Short Sale advocacy, Chicago MLS Search Engine, plus an eclectic sidebar of Real Estate-centric links to explore.(Roll ...
Christmas presents for my kids -- maybe an Xbox (video-game system) or a four-wheeler.



Q My sisters and I recently inherited our mother's house. The sister who is executor of the will also wants to buy the house.



Pets running loose, strong odors, dirty dishes or hovering sellers all sure ways to scare off buyers
Some houses are heart-stopping perfect. But John Boyd's ticker skipped a few beats for another reason altogether when he was previewing a house on behalf of a client a few years ago.



Mike Flannery says his kids have moved out and he doesn't need that much space anymore
WBBM-Ch. 2 political editor Mike Flannery has listed his longtime 17-room mansion in Beverly for $1.25 million.



Q My landlord has demanded that I reimburse him for the cost of repairing damage that was caused by a fire in my apartment.



Do your homework before making an offer
Q What are some tips on negotiation?



Peter Zalewski is a vulture.



Twitter, Facebook, LinkedIn among social networks agents, builders use to connect with clients
Human communication vehicles have evolved from smoke signals to the town crier to the Internet. So it's no wonder homebuyers and sellers are using social networking sites to connect.



Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... adjectives used to describe working at marketing and advertising firm Euro RSCG Chicago.
WASHINGTON - The U.S. Department of Housing and Urban Development today announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender based in Honolulu, Hawaii. HUD's MRB alleges the Company failed to implement an FHA-required quality control plan; separate its lending operations from those of its affiliated insurance company; conform to prudent lending practices; and properly provide borrowers with housing counseling services.
CHICAGO-The locally-based company plans to focus on industrial properties through acquisition, development or operation.
NAPERVILLE, IL-Major store closures are not planned for 2010, the first year since 2006, though 25 doors will be shut in 2009.
Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac last May –– and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers –– be on its way out?



Winthrop Properties has opened three decorated models at Winthrop Club, a 15-story condominium building in downtown Evanston that is poised to earn gold LEED certification.



For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a "short sale."



Q I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. I don't understand why they wouldn't want to keep a good customer. Any insight?



Decorators say that if you're looking for drama, texture, warmth and personality, wallpaper is the way to go. Even the design-challenged can be a little bit adventurous with minimal risk. Start by putting wallpaper in smaller spaces like a hallway or foyer. Wallpaper is a natural for a bathroom, where a dramatic pattern above the tile can deflect attention from less than perfect plumbing. Or go for the natural look of grasscloth. -- Associated Press



Kathy Babcock of Oak Forest, garden store manager



Developer favors architecture of his native China
Hong Kong has Ka Shing Li. Chicago has See Wong. Both men combined hard work and determination to propel themselves from humble beginnings to developer/builders with enviable success.



From rustic to contemporary, fireplaces add a cozy touch to new homes
The residential fireplace is a vestige, no longer needed to heat the home or house a kettle of soup. Why, then, do new-home buyers continue to pay extra for it and real estate agents tout it as a hot amenity?



If you want a dinner of rice and beans, and a glance inside the cupboard reveals only rice, you may have to ask a neighbor to supply the meal's other key ingredient.



In 2005, the city of Lockport issued 406 building permits. Through Aug. 13 of this year, it issued 15.



ROSEMONT, IL-The company occupies 201,090 square feet just a block away from its new facility.
Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... but added that the investigation is continuing under the supervision of the Chicago FBI ...
Homeownership Rate (HR)
The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).
Rental Vacancy Rate (RVR)
The rental vacancy rate in third quarter 2009 (11.1 percent) was higher than the third quarter 2008 rate (9.9 percent).
Homeowner Vacancy Rate (HVR)
The homeowner vacancy rate in third quarter 2009 (2.6 percent) was lower
than the third quarter 2008 rate (2.8 percent).
3rd Qtr 2009
(HR): 67.6 percent
3rd Qtr 2008
(HR): 67.9 percent
WASHINGTON, DC - Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.
CHICAGO-The $85 million is divided between two transactions and covers eight apartment complexes throughout Chicago.
Jameson Real Estate is proud to announce the launch of its new blog, Spotlight On Chicago Real Estate. This new feature of the website allows agents to share their wisdom and knowledge of the Chicago real estate market with the online community.
Blackstone has begun talks with lenders to cut $5 billion from the $20 billion debt load carried by Hilton, as the private-equity firm seeks to protect its single biggest investment from default.
The suburbs will also feel the sting with some Chicago area towns expecting median ... in Springfield, who in 2004 imposed caps on runaway tax assessments during the real estate ...
JazzCity Concert 11/6
JazzCity: Jazz/Tap - Orbert Davis Quartet & Tre Dumas at South Shore Cultural Center
CHICAGO-The company plans to address the $1.3 trillion of commercial real estate loans that will mature during the next four years.
While foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.

Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000. This is 3.6% below the revised August 2009 estimate of 417,000.
September 2009: -3.6 % change
August 2009: +1.0 % change
A grand Lake Minnetonka estate that once belonged to the Pillsbury family will now be offered for sale in an auction.
Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... that because those cuts were made, and because of new deals with the unions, the Chicago ...
WASHINGTON - Housing and Urban Development (HUD) Secretary Shaun Donovan and Homeland Security (DHS) Secretary Janet Napolitano today announced the launch of DisasterRecoveryWorkingGroup.gov-a new interagency website that will allow federal disaster recovery officials to solicit public comments from state, local and tribal partners and the public.
EveryBlock Chicago. EveryBlock is a new way to track news in your Chicago neighborhood ... that don't need work can sell for up to $2.4 million, said Matt Garrison, the real estate ...
EveryBlock Chicago. EveryBlock is a new way to track news in your Chicago neighborhood ... that don't need work can sell for up to $2.4 million, said Matt Garrison, the real estate ...
Jameson Real Estate Agent Carlotta Olson was honored by being made a part of a prestigious network of realtors that focuses specifically on the international market. The Certified International Property Specialist Network is an exclusive group of 1,600 real estate professionals that are able to meet the specific challenges that international real estate presents.
Southways, the 13-acre former Pillsbury estate located on Lake Minnetonka's Smiths Bay that stalled while listed on the market at more than $50 million, is now being offered for sale in an auction. T...
CHICAGO - Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a ... The Standard & Poor's/Case-Shiller home price index, which studies real estate transactions in 20 major cities, showed home ...
CHICAGO - Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a ... The Standard & Poor's/Case-Shiller home price index, which studies real estate transactions in 20 major cities, showed home ...
CHICAGO-The Central Will County submarket is still fairing the worst, with Q3 vacancy remaining at 25.1% from the previous quarter.
Real Estate/Rentals; Shopping; Sports; Tech & Gadgets; TV; Weather; White Pages; Wonderwall ... The media group also reported Monday that the Chicago Sun-Times' weekday average ...
CHICAGO-The Phoenix-based company, which manages more than $6 billion assets across the country, will now have two professionals working out of Chicago.
... on him to disclose more details about his dealings with Chicago real estate developer Tony Rezko, who is on trial for corruption. In an interview published Friday in the Chicago ...
... have a special place in my heart for Pittsburgh, and so if it can't be the [Chicago ... on ha, ha, ha. Cantor’s top donors are Finance, Insurance. Law and Real Estate. Get this, the top donor (sectors) lobbyist are…Finance, Insurance and Real Estate.
CHICAGO - Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent U.S. real estate market. Capmark has been hurt ...
CHICAGO - Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty ...
In its nearly three years in existence, Lexington Homes LLC hasn't turned a profit, but the Chicago homebuilder can lay claim to something many of its peers cannot.
At a time when well-known local builders such as Kimball Hill Inc., Kirk Inc. and Neumann Homes Inc. have gone belly up, Lexington's ...
A majority of the units at their Lincoln Park condominium project were unsold when Beth and Forest Bahruth moved in more than 30 months ago.
The couple said it felt strange to be among the only residents at the yet-to-be completed five-story building at Fullerton, Ashland and Clybourn avenues. ...
Crain's Monday publishes its annual list of the largest contractors in Chicago.
Walsh Group Ltd. topped the list for the second straight year with $1.36 billion in local revenue in 2008. Bovis Lend Lease Inc., James McHugh Construction Co., Turner Construction Co. and Pepper Construction Group ...
SPOTLIGHT: JAMES KINNEY
Job: Vice-president of luxury home sales, Baird & Warner Inc., a Chicago-based residential brokerage with more than 20 offices in the city and suburbs.
Vitals: 59 years old; bachelor's degree in English, Northwestern University, 1972; various positions including assistant ...
With the local housing market finally showing signs of improvement, the question is what, if anything, developers and real estate agents can do to win back the trust of the newly sober public.
It was typical of many developers during the tail end of the housing boom to offer an iPod, flat-screen TV or an even bigger goodie to lure buyers into new townhouses or condominiums.
Today, those types of incentives are largely a thing of the past much like the boom itself. But even in a ...
CHICAGO - Results from a new economic survey may ease concerns about rising unemployment and its effect on consumer ... ConsumerMan: Dealing with death in the digital age Volkswagen tries to pass Toyota as world leader Video: Real estate mess ...
CHICAGO - Results from a new economic survey may ease concerns about rising unemployment and its effect on consumer ... ConsumerMan: Dealing with death in the digital age Volkswagen tries to pass Toyota as world leader Video: Real estate mess ...
CHICAGO - Results from a new economic survey may ease concerns about rising unemployment and its effect on consumer ... ConsumerMan: Dealing with death in the digital age Volkswagen tries to pass Toyota as world leader Video: Real estate mess ...
CHICAGO - Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.
CHICAGO - Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt. Capmark has been hurt by rising losses on mortgage loans. In its Chapter 11 filing Sunday in ...
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... An early success of the new strategy was a deal announced this month to sell assets from Corus Bank of Chicago to a group ...
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... An early success of the new strategy was a deal announced this month to sell assets from Corus Bank of Chicago to a group ...
... for example, regulators seized Corus Bancshares Inc., a major Chicago-based lender that made construction loans nationwide, specializing in condominium, office and hotel projects. The bank has staggered for weeks under the weight of bad real estate ...
... for example, regulators seized Corus Bancshares Inc., a major Chicago-based lender that made construction loans nationwide, specializing in condominium, office and hotel projects. The bank has staggered for weeks under the weight of bad real estate ...
... for example, regulators seized Corus Bancshares Inc., a major Chicago-based lender that made construction loans nationwide, specializing in condominium, office and hotel projects. The bank has staggered for weeks under the weight of bad real estate ...
CHICAGO-The company plans to also open an employee training facility and seven processing centers throughout the US.
Joined by Senator Charles Schumer, Secretary Shaun Donovan completed a two-city tour through Upstate New York today.
... rock that surpasses other types of sandstone with its durability and fine grain. In the world of Chicago real estate, Bluestone Development is a developer/builder that strives to produce single-family and multifamily homes that are a cut above. ...
OAK BROOK, IL-Despite positive results the company is moderating its expansion plans in several markets until fundamentals improve.
When the FDIC closed Chicago's Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults.

If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortgage during the housing boom, you've probably spent the past couple of years waiting for your day of reckoning to come.

The non-profit development arm of Park National Bank hopes to build as many as 3,000 new single-family homes, townhouses and low-rises on 138 acres in Pullman , according to Crain's Chicago Real Estate Daily .
If you're a beef-eating, beer-guzzling, pick-up driving resident of heartland America, there's a good chance you escaped the housing bust. But pesto-chomping, chardonnay-sipping, hybrid-driving city-slickers were probably out of luck.

CHICAGO-BofA has requested that a receiver be appointed to manage the property and ensure the project reaches completion.
Real Estate/Rentals; Shopping; Sports; Tech & Gadgets ... "I feel real blessed right now," Bailey said as he left Cook County Jail Monday, according to the Chicago Sun-Times.
(Reuters) — Building products maker USG Corp. reported a larger quarterly loss on Wednesday and said the near-term outlook remains weak, sending its shares down more than 8 percent.
The result is another sign the housing construction industry has yet to fully right itself after collapsing ...
CHICAGO-The company will be occupying part of the 461,939-square-foot distribution facility in the Green Oaks Business Center.
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced a series of proposals to ensure that HUD's core housing programs are open to all, regardless of sexual orientation or gender identity.
LIBERTYVILLE, IL-A number of companies have already expressed interest in the 30 acres and have begun drawing up preliminary plans.
If you thought home prices were bottoming out, you may be wrong. They're expected to get a lot more affordable.

Privately-owned housing starts in September 2009 were at a seasonally adjusted annual rate of 590,000. This is 0.5 percent above the revised August 2009 estimate of 587,000.
September2009: +0.5 % change
August 2009: -1.0 % change
WASHINGTON - The U.S. Department of Housing and Urban Development's Mortgagee Review Board today notified Ideal Mortgage Bankers, doing business as Lend America and Lending Key ("Ideal"), that it has uncovered numerous violations of the Federal Housing Administration's (FHA) origination and underwriting requirements, including submitting false certifications and failing to document the borrower's income and creditworthiness.
CHICAGO-Building owner, Capital Properties Services LLC has hired Allison Bykowski as general manager.
Trails of Terror 2009
Nearly one-half mile of spine-tingling terror at Peterson Park. Oct. 23-25 & October 29-31
WASHINGTON - As part of its comprehensive plan to stabilize the U.S. housing market, the Obama Administration today announced a new initiative for state and local housing finance agencies (HFAs) that will help support low mortgage rates and expand resources for low and middle income borrowers to purchase or rent homes that are affordable over the long term. Following up on the intent to support HFAs first outlined in February under the Homeowner Affordability and Stability Plan, the Administration's initiative has two parts: a new bond purchase program to support new lending by HFAs and a temporary credit and liquidity program to improve the access of HFAs to liquidity for outstanding HFA bonds.
WASHINGTON, D.C. - Vice President Biden today unveiled Recovery Through Retrofit, a report that builds on the foundation laid in the Recovery Act to expand green job opportunities and boost energy savings by making homes more energy efficient. Joining the Vice President today were Nancy Sutley, Chair of the White House Council on Environmental Quality; Steven Chu, Secretary of Energy; Hilda Solis, Secretary of Labor; Shaun Donovan, Secretary of Housing and Urban Development; and Karen Mills, Administrator of the Small Business Administration.
At least the death toll in the Afghan War is not as high as the homicide rate in the City of Chicago. Those Dems are really ... missiles, Gitmo still open, HCR still a fiasco, Fannie and Freddie may need another bailout, GE Capital Commercial Real Estate ...
WASHINGTON - The U.S. Department of Housing and Urban Development today announced a commitment to insure a mortgage loan to Baraga County Memorial Hospital in L'Anse, Michigan. The $28,310,000 loan is made possible through the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program.
No one from the company or the Chicago real estate community was willing to comment on the potential sale. But the company’s lawyer recently formed a group called 303 Madison ...
No one from the company or the Chicago real estate community was willing to comment on the potential sale. But the company’s lawyer recently formed a group called 303 Madison ...
No one from the company or the Chicago real estate community was willing to comment on the potential sale. But the company’s lawyer recently formed a group called 303 Madison ...
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... depriving them of the type of competitive pricing only possible on an exchange like the New York Stock Exchange or Chicago ...
... investor has made a large real estate purchase in the Chicago area. No one from the company or the Chicago real estate community was willing to comment on the potential sale. But the companya TMs lawyer recently formed a group called 303 Madison ...
NEW ORLEANS - U. S. Housing and Urban Development Secretary Shaun Donovan grabbed a ceremonial shovel today for the second time in two months - celebrating another groundbreaking and redevelopment of a Housing Authority of New Orleans (HANO) public housing site.
... investor has made a large real estate purchase in the Chicago area. No one from the company or the Chicago real estate community was willing to comment on the potential sale. But the company's lawyer recently formed a group called 303 Madison ...
U.S. retail and food service sales for September reached $344.7 billion, a decrease of 1.5 percent (±0.5%) from the previous month.
September 2009: -1.5 % change
August 2009: +2.2 % change
WASHINGTON - The U.S. Department of Housing and Urban Development today launched a new campaign to increase hiring of low-income individuals and public housing residents by state and local governments that receive HUD funds. HUD is contacting more than 3,000 state and local agencies, including public housing authorities, to document their efforts to hire low-income individuals and to contract with companies who hire them. Agencies that fail to comply may be debarred, suspended, or denied participation in HUD programs.
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... Chief Executive George Irwin said the company also has installed walls in New York City, Los Angeles, Chicago and Seattle. ...
Money Movies Music News Real Estate/Rentals Shopping Sports Tech & Gadgets TV Weather White Pages Wonderwall Yellow Pages MSN Directory ... Chief Executive George Irwin said the company also has installed walls in New York City, Los Angeles, Chicago and Seattle. ...
Oct. 13, 2009. On November 15, 2009, loft lovers will have a chance to bid a piece of Chicago history when Sheldon Good and Company auctions 20 of the remaining homes at the M...

(Crain’s) — The veteran ShoreBank executive in charge of the lender’s signature loans to apartment rehabbers — the portfolio whose success largely created the community bank’s national reputation for profiting while lending in low-income neighborhoods — has left the bank.
James ...
CHICAGO - For all the doom and gloom about the housing market, it still generally pays ... MORE FROM REAL ESTATE
CHICAGO - For all the doom and gloom about the housing market, it still generally pays to own a home. That might be a tough ... MORE FROM REAL ESTATE
Public Notice
A Chicago Park District Board Meeting will be held on Wednesday, October 14, 2009
WASHINGTON - As U.S. Housing and Urban Development Secretary Shaun Donovan accelerates the recovery of the New Orleans Housing Authority (HANO), he announced today a new leadership team that will take charge of HUD's efforts to repair the city's housing agency, troubled for more than a decade. HUD also announced today the creation of an advisory panel that will provide counsel to the receivership team.
... stepping outside on the balcony for a look at the views. Francesca is the newest participant in our Chicago Real Estate Experts program , designed to introduce consumers to agents who have genuine expertise in a neighborhood and meet a series of ...
(AP) — The former northern Wisconsin hideout of Chicago mobster Al Capone has sold for $2.6 million to the bank that foreclosed on the property.
Margie Schull of the Sawyer County Sheriff's Department says Chippewa Valley Bank was the only bidder during a five-minute sheriff's sale on the ...
(AP) — The former northern Wisconsin hideout of Chicago mobster Al Capone goes on the auction block Thursday.
A bank foreclosed on the 407-acre wooded site and a sheriff's sale takes place on the steps of the Sawyer County Courthouse in Hayward.
Chippewa Valley Bank says the starting bid ...
WASHINGTON - Today, almost one month ahead of a November 1 benchmark set earlier this year, the U.S. Department of the Treasury and U.S. Department of Housing and Urban Development (HUD) announced a new milestone of more than 500,000 trial loan modifications in progress under the Making Home Affordable program.
... this lease, particularly in light of the formidable economic challenges confronting the national and Chicago real estate markets,' Kent Peters, EVP of Asset Management, says. 'In the midst of a difficult leasing atmosphere, we have been able to ...
... of six real estate agents to join Dream Town Realty in September. The brokerage, a leader in online Chicago real estate, welcomes the new addition to its team of over 120 expert real estate consultants. CHICAGO, IL, October 07, 2009 ...
Fall Nature Events
Bring the family out to a Campfire Storytelling event or Fall Family Nights in the parks.
It's a lot tougher to get a mortgage for a new condo purchase these days, but at some projects, it seems like 2005 all over again.
MB Financial Inc. is offering enticing loan deals at several local condominium developments, including ultra-low interest rates and 5% down payments for buyers who ...
... Hancock's hospitality rooms and check out the northern view. Francesca is the newest participant in our Chicago Real Estate Experts program , designed to introduce consumers to agents who have genuine expertise in a neighborhood and meet a series of ...
Dream Town Realty's luxury home listing at 1852 N. Sedgwick was recently featured on NBC's LX.TV program "OpenHouse." The episode originally aired on local NBC Channel 5 Chicago and is now available to watch on Dream Town's Chicago real estate website.
... 831-4993 or e-mail ephraim@comcast.net. The Real Estate Investment Association will hold its annual "Chicago Real Estate Legends" cocktail/hors d'oeuvres party Oct. 15 at Maggiano's Little Italy, 111 West Grand Ave., Chicago. Join REIA for an ...
Pay and Display
Learn about the new Multi-Space Parking Meters being installed over the next 8 months
Joe's tour of Streeterville with Francesca Rose , a Prudential Rubloff agent and newest participant in our Chicago Real Estate Experts program , brought the duo to 600 North Fairbanks , a high-rise that architect Helmut Jahn 's designed to be entirely residential.
(AP) — If Illinois had parents, they wouldn't be too happy with the state's economic grade card.
An advocacy group, the Corporation for Enterprise Development, gave the state an overall 'C' grade in its annual assessment of financial stability in all 50 U.S. states.
Illinois fared better ...
Sept. 21, 2009. Donven Homes has been honored with four Gold Key Awards for their Woodglen community in Lemont. The Home Builder's Association of Greater Chicago (HBAGC) Key Aw...

Sabrena Parnell bought a spacious four-bedroom home eight years ago on the city's Southwest Side thinking it was perfect for her and her boyfriend. Set on a quiet cul-de-sac with a big yard, back deck and a 2½-car garage, it felt as if they were living in the suburbs.
"One person doesn't need ...
Chris Eigel, 64, CEO and co-owner of Chicago's Prudential Rubloff Properties, avoids reading unknown bloggers: "The vetting process of the traditional media is important" in news reporting. For reliable input:
Tolerates the Chicago Tribune. "It's a habit," but dislikes the new layout and ...
Rob and Katie Shepherd's real estate agent didn't quite believe the well-to-do couple really wanted a humble home, so he tempted them recently with a sprawling 4,500-square-foot house on the river in Naperville.
No sale.
"Our favorite homes have been our smallest, where we use all the space," ...
After decades of watching the size of new homes expand, people are thinking smaller these days.
They have no intention of buying or selling right now, but some Chicago homeowners are consulting with their real estate agents anyway just in case.
These counseling sessions are time-consuming for agents, with no evident payoff, but they say it's all part of building relationships with ...
An environmentalist and financial conservative, Mayur Patel believes that small and green is the new cool in housing. It's like buying a Prius instead of a Hummer.
"Space doesn't necessarily enhance your life," he says. "Isn't it a good idea to leave our planet in better condition for the next ...
Sept. 18, 2009. With another fun filled summer at the outdoor pool complete, residents anticipate fall and winter activities at the Ryland Homes' community of Talamore. One of ...

Sept. 18, 2009. Now's the time to make a move to Patriot Place in Bolingbrook where Ryland Homes is offering maintenance-free ranch and two-story homes, many with golf course v...

Sept. 18, 2009. Active adults are enjoying a carefree resort-class lifestyle with a wide array of amenities including a 7,700 square foot clubhouse at Regency at The Woods of S...

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects credit card interest rates.
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects auto loan rates.
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects home equity loans and lines of credit.
Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects mortgage shoppers and ARM holders.
Sept. 17, 2009. Cost-conscious buyers that want new single-family homes with room to grow into will want to consider crossing the border to Kilbourn Woods in Kenosha, Wisconsin...

Nature Oasis
Experience and enjoy the wonder of nature right here in locations across the city
Sept. 16, 2009. Christopher Sricharmorn, a first-time home buyer who chose The Townes at Remington Pointe in Volo, has been watching the real estate scene since he graduated fr...

Sept. 16, 2009. Most empty-nesters downsize, look for a ranch home and prefer an age-restricted environment. Not Ken and Clarice Golinski. After 35 years in Arlington Heights ...

Sept. 16, 2009. Dream of living on the water? Then Newport Cove on the Chain O' Lakes may be the place for you. There you will find not only a beautiful home, but also a vacati...

A Schaumburg call center that once housed a subprime mortgage lender is now a MASH unit for the foreclosure crisis.
A low murmur of voices floats over rows of cubicles where about 200 workers field 7,000 calls a day from delinquent borrowers trying to save their homes. Business is booming for ...
Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit.

(Crain’s) — The Civic Federation has come out with a report that generally supports Mayor Richard M. Daley’s bid for the 2016 Olympics — with the exception of the development of the Olympic Village.
In a long-awaited report issued Wednesday, the tax policy group notes that the Olympic ...
The condo-hotel, once among the hottest investment ideas in town, has nearly fizzled out.
At one point during the real estate boom, more than a dozen downtown hotels were angling to sell their rooms as condominiums. Now it's down to three, with two of them Donald Trump's 92-story riverside ...
Home equity products can be used to fund a car purchase. But there are risks for the homeowner.
Researchers say debt forgiveness is the only way to fix the housing crisis. But will it?
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
(AP) — Signaling a housing recovery is under way in much of the country, sales of previously occupied homes rose for the third month in a row in June.
The National Assn. of Realtors said Thursday that home sales rose 3.6 percent to a seasonally adjusted annual rate of 4.89 million last month, ...
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
(Crain’s) — First-time homebuyers scrambling for a down payment can now get a financial boost from the state.
The Illinois Housing Development Authority program rolled out its Illinois Home Start Loan Program Wednesday. It provides qualifying homebuyers with a 30-year fixed-rate FHA loan ...
With interest rates likely to rise, locking into a fixed-rate loan may make sense right now.
(Crain’s) — The Chicago Community Trust announced it surpassed a $1-million target to provide funds for shelters and pantries that have been overwhelmed by soaring demand.
In an initiative launched late last year, the community foundation raised $1.3 million for its Unity Challenge ...
Mortgage rates have held fairly steady since the middle of last week.
A note, sent yesterday, from a reader named Matthew.
I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing.
Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.
A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?"
In response to my blog post from last week, "Theodicy and mortgages," Michael Hilmen writes about artificially high home prices.
30 Year:
null%,
15 Year:
null%,
5 Year:
null%,
1 Year:
null%
(AP) — E*Trade Financial Corp. said Wednesday it plans to raise $400 million in common stock, with Citadel Investment Group purchasing up to $100 million of the offer.
(Crain’s) — Illinois Attorney General Lisa Madigan has sued a Chicago-based independent escrow company that went out of business in March without paying taxes on behalf of homeowner clients around the country.
Ms. Madigan, working with the Illinois Department of Financial and Professional ...
(Crain's) — Chicago-area home sales fell more than 22% in April compared with last year but increased over the previous month for the third straight time, according to the Illinois Assn. of Realtors.
Mortgage rates at record lows and incentives such as the federal homebuyer tax credit aided ...
(Crain’s) — Residents in some suburban Cook County townships will see a reduction in the assessed value of their homes as the tax system catches up with the real estate downturn.
But because tax bills are paid in arrears, it won’t be known if homeowners will see any benefit until next ...
(Crain’s) — Heritage Community Bank in south suburban Glenwood is now the second Chicago-area bank failure of 2009.
The Federal Deposit Insurance Corp. announced late Friday that the bank, which has $232.9 million in total assets and $218.6 million in total deposits, was closed by the ...