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Market Update: Inflation, War, and Rogers Park

 

 

 

I’ve had the privilege of working in the Rogers Park apartment industry for more than 30 years, yet each time I attempt to summarize the market, the analysis seems more complicated than it did before.

 

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Immigration – Then and Now

It’s been a while since I’ve written about immigration. Using RefugeeOne as my lens, I wrote several articles during the Trump years about the previous administration’s hostility to immigrants and refugees, and the consequences for Chicago and Rogers Park.

 

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Dorian Bezanis, RPBG Director

Dorian Bezanis is a lot of things, but if there is one word that just keeps coming back, it’s irrepressible. Anyone who knows him (and that is quite a lot of people) will agree, he is sort of the Energizer Bunny come to life.

 

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As I See It: Tokenization - Radically Transforming Real Estate Investment

 

 

 

 

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Ups and Downs - Winter 2022

 

 

 

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Around Rogers Park - Honorary ‘Goldman Way’ Commemorates RP Community Activists

Carol and Sanford (Sandy) Goldman were fixtures in the Rogers Park community and seemed to have their hands in just about every local charitable group, contributing thousands of hours of volunteer service for numerous Rogers Park organizations over a period of decades. Carol worked for many years for the Rogers Park Community Council, serving as Vice President and then joining the staff as Director where she oversaw the Housing Conservation and Home Repairs Aiding Independent Living (HRAIL) programs.

 

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Around Rogers Park - Heartland Café Apartments Underway

After a long period of inactivity, work is finally underway on the site of the former Heartland Café, 7000 North Glenwood Avenue. RPBG Director Sam Goldman broke ground on his new apartment development this past September, two and a half years after the original café building was demolished in April 2019. As of this writing, the foundation is in place and vertical construction is ready to begin, pending the arrival of warmer weather.

 

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Around Rogers Park - Howard Theater Building Sold

RPBG Directors Jay Johnson and Sal Becovic are on both sides of the sale of the Howard Theater Building that closed in late December 2021. The sale marks the end of an era for Jay, and the continuation of a major push into the Rogers Park apartment market for Sal and the Becovic family.

 

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Rent Relief, Part Three (and Counting)

If you missed the last window of rent relief last summer, or if you applied but did not get assistance, take heart: more is coming. In fact, some of it is already here.

 

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Frank Martinez, founder of the Latino Real Estate Investors Council

Latinos have been a part of Chicago’s ethnic quilt for nearly as long as the city has existed. The first Latinos, mostly of Mexican origin, arrived in the city in the late 1800s. But their numbers remained small well into the 20th Century.

 

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A Good 2021 for the Rogers Park Residential Market

You wouldn’t think a global pandemic, the sudden evaporation of 25 millions jobs, and massive social unrest in the wake of the killing of George Floyd could do anything good for the real estate industry.

 

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