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Loop North News

@loopnorthnews

Loop North is a news and information website serving the Loop and Near North neighborhoods of downtown Chicago.

 Chicago, IL
loopnorth.com
Joined August 2015
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Mortgage rates hit 7.28%, tightening squeeze on North Side buyers @bairdwarner @DebatMedia @federalreserve @FreddieMac @lawrence_yun @nardotrealtor loopnorth.com/news/squeeze10…
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers

A volatile mix of climbing interest rates and historically lean housing inventory is creating an increasingly steep climb for prospective homeowners across C...

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Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer - loopnorth.com/news/rebrands1…
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer

Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer

The 261-room boutique hotel at 505 North State Street will eventually adopt a Toronto-based luxury brand after changing hands and temporarily operating as Ho...

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Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers @bairdwarner @DebatMedia @federalreserve @realDonaldTrump @FreddieMac - loopnorth.com/news/pinch1001…
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers

Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers

Chicago home shoppers hoping for borrowing relief got a dose of reality this autumn: Sub-6% mortgage rates aren't returning anytime soon, and a standoff betw...

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Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK @ChicagoBears @Chiefs @jazzcomo @kansasspeedway @MoonMarbleCo @pmckuen @SLAPs_BBQ @SplitlogCC - loopnorth.com/news/chiefs100…
Crossing the river: A Chicago fan's game-day guide to the Chiefs' new home in KCK

Crossing the river: A Chicago fan's game-day guide to the Chiefs' new home in KCK

Heading down to Chiefs country to back the Bears? Check your GPS: the Chiefs are crossing the river to Kansas City, Kansas. KCK is often overlooked, but Chic...

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Cook County homeowners bear brunt of $744M tax hike as commercial values lag @AssessorCook @CookCountyTreas - loopnorth.com/news/brunt0929…
Cook County homeowners bear brunt of $744M tax hike as commercial values lag

Cook County homeowners bear brunt of $744M tax hike as commercial values lag

With office towers slumping, residential taxpayers are saddled with 80% of a new $743.8 million levy—a burden worsened by assessor delays, lost exemptions, a...

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Cook County's senior property tax freeze should be automatic--and permanent @AssessorCook @CookCountyTreas @fritz4assessor @GovPritzker - loopnorth.com/news/automatic…

Why Cook County's senior property tax freeze should be automatic—and permanent

For thousands of Chicago seniors living on fixed incomes, qualifying for Cook County's Senior Tax Freeze has become an annual bureaucratic endurance test of ...

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Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn @AssessorCook @brianforchicago @CAAPTS @ChicagosMayor @gilbert36ward @MMREIS @NBOACHICAGO1 - loopnorth.com/news/backfire0…
Mayor's 'PRO' renter ordinance could backfire with higher rents, landlords warn

Mayor's 'PRO' renter ordinance could backfire with higher rents, landlords warn

As City Council prepares for a showdown on rental rules, housing providers warn that City Hall's tenant protections carry a steep price tag: an estimated $10...

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Data center redevelopment at 300 West Adams approved @ChicagosMayor @LamontJRobinson @the48thward - loopnorth.com/news/approved0…
Data center redevelopment at 300 West Adams approved

Data center redevelopment at 300 West Adams approved

A newly approved plan will convert five levels of the 1927 terra cotta building into a data center, advancing just as Mayor Brandon Johnson and City Council ...

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At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap - loopnorth.com/news/bailey092…
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap

At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap

Meeting commuters at the Belmont 'L' station, Republican gubernatorial contender Darren Bailey framed his platform around public transit safety, cost-of-livi...

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Court backs City Hall in Streeterville pot shop ruling - loopnorth.com/news/backs0922…
Court backs City Hall in Streeterville pot shop ruling

Court backs City Hall in Streeterville pot shop ruling

A Cook County judge upheld city approval of a Streeterville cannabis dispensary, rejecting conflict-of-interest claims against a zoning official and declarin...

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GOP gubernatorial nominee Darren Bailey and U.S. House candidate Tommy Hanson took their campaign straight to commuters on a chilly Belmont CTA platform Thursday morning. 📸: Steven Dahlman / Loop North News
Image from Loop North News (@loopnorthnews)
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Will Illinois homeowners finally get relief from soaring insurance costs? @GovPritzker @IL_Insurance @ILSecOfState @TeamAPCIA loopnorth.com/news/relief082…
Will Illinois homeowners finally get relief from soaring insurance costs?

Will Illinois homeowners finally get relief from soaring insurance costs?

Property owners battered by runaway insurance rates now have a state referee empowered to challenge hikes, but whether landmark consumer laws will actually l...

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Chicago landlords ask: Is owning rental property even worth it anymore? @AldReilly @AssessorCook @ChicagosMayor @DebatMedia @gilbert36ward @MMREIS loopnorth.com/news/worth0824…
Chicago landlords ask: Is owning rental property even worth it anymore?

Chicago landlords ask: Is owning rental property even worth it anymore?

Squeezed by double-digit property tax hikes and new City Hall regulations, Chicago landlords are sounding the alarm—with many questioning if owning rental ho...

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Old Town's historic Wacker House defaced by unpermitted work, preservationists say - loopnorth.com/news/wacker081…
Old Town's historic Wacker House defaced by unpermitted work, preservationists say

Old Town's historic Wacker House defaced by unpermitted work, preservationists say

The 150-year-old Wacker House at 1838 North Lincoln Park West, an iconic Swiss chalet Victorian landmark, is undergoing severe alterations that have drawn ou...

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Both accomplices in 2023 River North garage robbery back behind bars - loopnorth.com/news/robbery08…
Both accomplices in 2023 River North garage robbery back behind bars

Both accomplices in 2023 River North garage robbery back behind bars

A 25-year prison sentence for a gunman who fired at a fleeing resident and a swift parole revocation for his co-defendant have brought finality to the prosec...

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North Side real estate: Buyers pay record prices as inventory plummets - @bairdwarner @DebatMedia @FreddieMac @NorthCenterRE loopnorth.com/news/record080…
North Side real estate: Buyers pay record prices as inventory plummets

North Side real estate: Buyers pay record prices as inventory plummets

North Side homebuyers face a brutally competitive market as median prices hit a record $500,000 in Q2 2026. With inventory down nearly 23 percent, frantic bi...

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Real estate investment, cultural events fuel Q2 Loop growth @cta @drsuzet @Huntington_Bank @Metra @SuenosMusicFest - loopnorth.com/news/growth072…
Real estate investment, cultural events fuel Q2 Loop growth

Real estate investment, cultural events fuel Q2 Loop growth

Driven by nearly $700M in real estate investment, steadying office vacancies, and a $395M boost from arts and culture, the Loop's economy gained momentum in ...

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Is gentrification really Chicago's villain? The hidden upside to rising property values - @DebatMedia @HousingStudies @NBOACHICAGO1 loopnorth.com/news/villain07…

Is gentrification really Chicago's villain? The hidden upside to rising property values

While the slow-moving creep of gentrification across Chicago can disrupt apartment renters, it also serves as a vital wealth-building tool for working-class ...

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Bike lane boom or business bust? Critics push back on Chicago's cycling grid @ChicagoDOT @ChicagosMayor @DebatMedia @DivvyBikes @lyft @RahmEmanuel @RaymondALopez - loopnorth.com/news/bust0724.…
Bike lane boom or business bust? Critics push back on Chicago's cycling grid

Bike lane boom or business bust? Critics push back on Chicago's cycling grid

City officials say bike lanes aren't hurting local business, but for shopkeepers losing street parking and drivers negotiating narrowed roads, Chicago's tran...

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Bally's vs. City Council: Did Chicago's casino contract deal the city a bad hand? @ChicagosMayor @DebatMedia @LoriLightfoot loopnorth.com/news/bally0713…

Bally's vs. City Council: Did Chicago's casino contract deal the city a bad hand?

Chicago wanted a lucrative casino monopoly, but it also wanted the quick fix of neighborhood video slots. Now, Bally's is threatening to yank millions in com...

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