2 hotels unveiled as homeless shelters: ‘Something like this has never been done in Baltimore’

Park Square, a 296,000-square-foot office complex in downtown Portland, is headed for a foreclosure auction on October 30th due to its owner, an entity affiliated with PCCP LLC, defaulting on $37.5 million in debt. This is not the first Portland office property to face financial trouble, as Montgomery Park also recently faced foreclosure and is now being marketed for sale.

Homeowners in many south and southwest suburbs will have to pay a lot more in property taxes as the median tax bill jumped a record 19.9% …

Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.