Tag: new legislation

November 5, 2019

Chicago Tribune: Chicago’s condos are turning into rentals. Here’s what’s driving the deconversion trend, and what it means for condo owners.

By Carisa Crawford Chappell, Chicago Tribune Chicago apartment buildings can have many lives. “It used to be you bought an apartment building and converted it into condominiums,” s...

September 25, 2019

Bisnow: Brokers Say Condo Deconversions Will Continue Despite Tightened Rules

The Chicago City Council approved a measure Wednesday that tightens restrictions on the bulk sale of condominium buildings, a move that threatens the ability of investors to transf...

September 23, 2019

RE Journals: Did Chicago just deep-six deconversions?

Chicago’s City Council has passed a resolution to increase the voting threshold on condo deconversions. Now, any building looking to switch from condo to rental will need the assen...