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Chicago Cheat Sheet: Chicago homeowners lag in home equity…& more

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Chicago homeowners lag in home equity

Chicago-area homeowners gained about $8,200 in home equity between the third quarter of 2017 and third quarter of this year, well below the national average. A report from CoreLogic showed an average gain of $12,400 nationwide. [Crain’s]

Site of fire that killed 10 children likely to be torn down

The owner of a Little Village building where a deadly fire earlier this year killed 10 children wants to tear down the building. Merced Gutierrez wants to repair the front building on the property but plans to tear down the rear structure, where the children were sleeping when the fire tore through the building on Aug. 26. The cause of the fire remains undetermined. [Chicago Tribune]

City moving ahead with landmark status for Pilsen

A city panel gave preliminary approval to making a large portion of Pilsen a landmark district. The Commission on Chicago Landmarks could formally implement the measure next year, and it would cover more than 800 buildings in the neighborhood. [Crain’s]

Stonebridge refinances Bronzeville senior apartments

Stonebridge Global Partners secured a $13.9 million refinancing on a Bronzeville senior housing complex. The loan from Freddie Mac will assure the 11-story, 123-unit Willa Rawls Manor complex remains affordable housing. [Connect Media]

Co-working comes to Naperville

The Naperville Chamber of Commerce is turning to co-working to help fill space in its offices at 55 South Main Street, which are not fully occupied. The chamber will offer four cubicles and two private offices to both chamber members and non members, with rents starting at $30 a day for a desk and $85 a day for a private office. Tenants would be able to take advantage of the chamber office’s amenities too. [Daily Herald]

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