The median price of homes sold in Chicago fell 4.4 percent year-over-year in May to $335,000, the outlet reported, citing data from Illinois Realtors. That drop-off is greater than the nationwide figure of 3.1 percent, according to the National Association of Realtors. Population losses, perceptions of crime levels and the remote work movement pulling demand away from the city are among reasons for the drops.

Amy Masters, the director of government and external affairs for the Building Owners and Managers Association of Chicago, said, “During the pandemic, we couldn’t imagine sharing elevators or attending in-person meetings without masks. But the current reality now sees us comfortably boarding trains, joining others in elevators, and participating in regular work meetings and social outings…Offices foster collaboration, innovation, and a sense of community. Office buildings will continue to evolve their offerings and create value for tenants.”

Ald. Desmon Yancy is supporting an ordinance that includes more than $64 million in investments for housing and development in South Shore where prices are going up as the Obama Center is built. “That’s a story that happens all across the country, but we’re feeling it here in South Shore where a great new development comes, but the people who are living in this neighborhood suffer disinvestment for a long time.”

“It’s a two day commercial for Chicago to show the best that we have to offer on a global stage,” said Chicagoland Chamber of Commerce CEO Jack Lavin.

The Board of Education voted to revoke Urban Prep’s charter after it found only one-third of teachers are certified; a failure to provide special education services for disabled students; financial turmoil and mismanagement. Urban Prep is challenging the revocation of its charter by CPS, saying a state moratorium prevents the school district from closing schools until 2025.

<img decoding="async" class="article-image article-image-ux-impr aligncenter" tabindex="0" title="Carlos Ramirez and his wife Betzabeth Bracho make their bed before sleeping in the lobby of the District 5 police station on June 21, 2023 in Chicago. The two traveled from Venezuela seeking asylum and have been staying at the police station since arriving in Chicago in May." src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1d0mwi.img?w=768&h=512&m=6&x=691&y=185&s=38&d=38" alt="Carlos Ramirez and his wife Betzabeth Bracho make their bed before sleeping in the lobby of the District 5 police station on June 21, 2023 in Chicago. The two traveled from Venezuela seeking asylum and have been staying at the police station since arriving in

“As the Justice Department official who was responsible for implementing the 1994 federal crime law, I had a ringside view of changes in U. S. policing in the 1990s. I came to one clear conclusion: The single-most important factor in determining whether cities made real progress in reducing violent crime was the quality of police leadership…For more than a decade, except for less than six months of interim leadership by Charlie Beck, Chicago has not had police superintendent of that quality. Chicago’s crime levels show the consequences.”

New stadiums for the Buffalo Bills and Tennessee Titans set records for public subsidies for NFL teams — but key differences between those projects and the Chicago Bears’ proposed new stadium could determine what taxpayers here may pay.

Billionaire Chicago real estate investor James Crown promises to reduce the murder rate in Chicago and make it “the safest city in America” by creating jobs in poor neighborhoods, funding violence intervention programs and strengthening law enforcement agencies.