Berkshire Hathaway HomeServices Chicago Announces the Addition of Berkshire Hathaway HomeServices Biros Real Estate

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CHICAGO, Feb. 2, 2021 /PRNewswire via COMTEX/ —
CHICAGO, Feb. 2, 2021 /PRNewswire-PRWeb/ — Diane Glass, CEO of Chicago real estate brokerage Berkshire Hathaway HomeServices Chicago, is pleased to announce that Berkshire Hathaway HomeServices Biros Real Estate has joined the firm. Berkshire Hathaway HomeServices Biros Real Estate is the market leader in the Beverly, Morgan Park and Mt. Greenwood neighborhoods of Chicago, Illinois as well as the village of Evergreen Park, Illinois, where their office is located at 3580 W. 95th Street. In 2020, their closed sales volume exceeded $104 million. Founder Bill Biros joined Glass in making the announcement.

Glass said, “It’s really an honor to welcome Bill and his wonderful agents to our company. It’s always a joy to recognize excellence in real estate and the reputation that the Biros name carries throughout Chicago and the southwest suburbs is truly impressive and a great fit for us as we expand our services into important new communities.”

“It’s been a pleasure to get to know Bill and find that we are kindred spirits in how we value agents, their clients and our local communities,”

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Inside Summer Thornton Design’s Chicago Renovation

Given carte blanche by a trusting client, designer Summer Thornton transforms a dreary Gold Coast co-op into a modern second home with serious wow factor.

Summer Thornton Drake Tower Living Room
An eye-catching bamboo silk lapis rug from The Rug Company adds stylish pop to the living room.

THE CLIENT

Aiming to create a chic pied-à-terre downtown to enjoy with their two young sons, a successful pair of entrepreneurs in their mid-30s turned to star designer Summer Thornton to create a modern take on a classic co-op.

Summer Thornton Drake Tower Boys RoomThe sons’ bedroom is a vision of verdant green thanks to upholstery and Raphaël wallpaper by Scalamandré and carpeting by Stark.

THE PRIORITY

“They wanted something urban, chic and more colorful than what they live with in their primary residence—a design fantasy,” notes Thornton. “They allowed us to take that and translate what that meant.”

Summer Thornton Drake Tower Kitchen“I’m obsessed with the kitchen,” raves interior designer Summer Thornton, noting its incredible spaciousness and daring lacquered red inset cabinets and crimson range.

THE CHALLENGE

The kitchen’s original location—smack in the middle of the apartment—meant a lost opportunity to capture the space’s stunning lake view. Thornton’s solution? Moving the kitchen to the front of the apartment, more than tripling its size and opening

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Chicago hotel owners are holding out for a post-COVID comeback

“At the start of the pandemic there was just a lot more uncertainty than we have now. We’re at the point now where we can see the light at the end of the tunnel,” he says. “I think there’s a general perception that banks just punt on this stuff. And they don’t.”

Even if weary lenders eventually enact a financial reckoning on bad loans, discounts may not be as drastic because of the deep pool of buyers. Private real estate funds targeting opportunistic and distressed assets were sitting on nearly $125 billion ready to be deployed at the end of December, 50 percent more than the dry powder available at the end of 2010 coming out of the financial crisis, according to financial data tracker Preqin.

Those buyers and potential sellers agree travel will come back with a vengeance, but they’re not on the same page as to when or how bad their losses would be in the interim. That’s leaving a sizable gap between what either thinks hotels are worth today, says Jim Costello, senior vice president at RCA.

“If I’m an owner knowing that six months from now we may be back to normal . . . unless

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