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As commercial real estate pressure increased, the area saw a trend of redevelopment. With the completion of Union Station in 1925, Carson Pirie Scott began plans to create office space in place of their warehouse. In January 1926, Carson Piri Scott announced that their wholesale building at Adams and Franklin would be remodeled into a "High ...
Realtor.com reported the sale price per square foot was $903. Nearly 40% of 18- to 24-year-olds surveyed names New York City as the most overpriced housing market in the country.
2025 existing home sale counts year-over-year: 17.3%. 2025 existing home median sale price year-over-year: 7.7%. Editor’s note: Data was sourced from Realtor.com and is accurate as of Dec. 10, 2024.
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Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic. [19] Real estate development can be less cyclical than real estate investing. [20] In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
The commercial real estate sector is already showing signs of distress as a wave of $1 trillion debt is poised to mature this year. Gary Hershorn/Getty Images
Area code 303 is the original area code, while area codes 720 and 983 were added (in 1998 and 2022 respectively) to form an overlay complex for the area, meaning that the same geographic service area is served by all area codes and that ten-digit dialing is required for all calls made within the service area.
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