April 20, 2024
Property

More bad news on property taxes, and it isn’t the last — Mark Glennon

Illinois’ 2023 effective property tax rate – taxes paid as a share of median home value – is 1.88%, highest in the nation and up from 1.78% the prior year. Vertigo3d/Getty Images Mark Glennon Syndicated If only somebody had good news about property taxes, which have long been a hot button issue in Illinois. But

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Loans

Trump’s $50 Million Mystery Debt Looks Like ‘Tax Evasion’

Always read the footnotes. That’s where former federal judge Barbara Jones, the court-appointed special monitor in Donald Trump’s New York business fraud case, just planted a financial bombshell that legal experts say suggests Trump lied knowingly and repeatedly on his federal financial disclosures about a major loan that never existed—and may have evaded taxes on

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Funds

John Mulaney Helps Letters To Santa Raise Funds For Families In Need

during the Letters to Santa benefit gala. Tuesday, December 5, 2023 at Willis Tower in Chicago, Illinois Photo courtesy of Convene by Hope Taylor Over the course of the last 28 years, the Letters to Santa event has raised nearly $4 million for families in need. As founder of Poverty Alleviation Charities, producer/director Heather Whinna

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Finance

Freddie Mac Provides $47M Loan To Finance $76M Sale of Chicago’s 3Eleven – Commercial Observer

Vista Property Group secured $47.75 million in acquisition financing to close on a $76 million sale with The John Buck Company to purchase 3Eleven, a 245-unit, high-rise multifamily complex in the River North neighborhood of downtown Chicago.  Freddie Mac Multifamily, a subsidiary of the Federal Home Loan Mortgage Corporation, provided financing on the acquisition. JLL

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