Condo/hotels: More shortsightedness from the real estate industry?
Three writers at the Wall Street Journal recently wrote an interesting story on those condo/hotels that were built, reporting that many of the buyers who’ve purchased individual condominium units aren’t happy with their investment. They’ve made far less money off rentals than they expected, and their units aren’t appreciating as quickly as they had hoped.
Trump’s Chicago tower reaches milestone
Trump International Hotel & Tower, Trump’s Chicago hotel/condominium project, closed its 125th hotel/condominium unit late last month. That pace is surely slower than what Trump Tower’s sales would have been in a stronger residential market. But it’s not bad: Trump Tower sales agents sold the 125 hotel/condominium units in six weeks.





