Tag Archives: rents

ICE activity is stressing Chicago’s building managers, who warn rents could rise

ICE activity is stressing Chicago’s building managers, who warn rents could rise

John Warren has been in the real estate business for a decade, and for the first time, U.S. Immigration and Customs Enforcement agents showed up armed at one of his properties last week to conduct a raid. Until recently, it wasn’t normal for Warren to see ICE agents patrolling Chicago area neighborhoods. Warren, operations manager and managing broker of Forte …

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New Real Estate Scam: Lease Fraud Drives up Rents, Worsens Home Search

New Real Estate Scam: Lease Fraud Drives up Rents, Worsens Home Search

Jared Decker was on his way to lunch when he received the phone call that kicked off a monthslong real estate nightmare. It was the fall of 2023, and the caller was an aggrieved local businessman in Tampa, Florida, who had just discovered thousands of dollars missing from his bank account. The property management firm Decker works for, the caller …

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Amid AI boom, San Francisco rents are up. So are evictions. 

Amid AI boom, San Francisco rents are up. So are evictions. 

On Sept. 2, Mayor Daniel Lurie retweeted a news story detailing a “surge” of AI leases in San Francisco. “San Francisco’s office market is bouncing back,” he wrote. “New companies are arriving, and homegrown innovators like OpenAI are expanding.”  “The future,” he continued, “is being built right here in San Francisco. But that future does not look great for tenants. …

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