Good News in CRE: August

August Edition: Who is ready for some good news?

• Illinois is now accepting applications for the $250 million Back to Business grant. Businesses that have suffered economic hardship due to COVID-19 can now apply for a grant ranging from $5,000 to $150,000. The application process and more information can be found here.

• While our firm focuses strictly on commercial real estate, we found this Crain’s article outlining the uptick in Chicago condo sales activity very positive. According to Crain’s, “In the first seven months of 2021, 654 condos and townhouses sold in the Loop…that’s an increase of 51% over the number of attached homes-condos and townhouses-sold in the same period in 2019.” The Near North, West, and South sides to the Loop also saw an increase in activity over the same time period.