Thursday, March 23, 2017

Chicago’s Real Estate Market


With a bachelor’s in exercise science from North Central College and a master's from Northwestern University where he was a strength and conditioning coach, Derek Sulo stays connected to sports through exercise training and coaching football. In addition, Derek Sulo is a principal with Sulo Development, a real estate company focused on premier developments in Chicago. 

Recently, housing prices and property taxes have gone up in the Chicago area, with median sales prices for homes in the city at around $227,000 for 2016, representing a one percent rise over 2015. Rent, on the other hand, was at a median price of $1,550, representing a three percent bump.

In this climate, relatively few millennials are able to afford to own a home. It's increasingly common for people of this generation to leave Illinois, a state with some of the highest property taxes in the country, in the hope of being able to purchase a home. Those that can afford to purchase a home tend to be professionals often looking at high-end condos in choice areas. In Chicago the neighborhoods of River North, South Loop, and West Town are currently some of the most expensive in the city for housing.

Tuesday, March 14, 2017

What Makes Whiskey a Bourbon?


Before becoming the principal at Peerless Real Estate Investments in Chicago, Derek Sulo graduated from North Central College in Naperville, Illinois, with a bachelor’s in exercise science. In his spare time, Derek Sulo enjoys tasting new bourbons.

Declared by the United States Congress in 1964 to be “America’s Native Spirit,” bourbon has a long and rich tradition in the nation’s history. For a whiskey to be called bourbon, it must meet a number of specifications laid out in the Federal Standards of Identity:

- The mash (mixture of grains) to be distilled must be at least 51 percent corn (the remainder usually consists of malted barley and wheat or rye)

- The mash shall be distilled at no higher than 160 proof.

- The distilled mash shall be less than 125 proof when put into the barrel for aging.

- The distilled mash shall contain no additives.

- The distillate shall be aged in new charred oak barrels (any oak will do, but most barrels are made of white oak).

For a bourbon to earn the title of straight bourbon, it must age for at least two years. Furthermore, if the bourbon is less than four years old, the label must state its age.

Thursday, February 23, 2017

Hot Chicago Neighborhoods


A graduate of Northwestern University, Derek Sulo leads as principal of Peerless Real Estate Investments in Chicago. In his free time, Derek Sulo enjoys trying new restaurants and exploring the city of Chicago.

Although Chicago is often recognized for its famous Lincoln Park and Wicker Park neighborhoods, it has much more to offer. Below are a few of Chicago’s hottest neighborhoods:

-Ukrainian Village. Rated number one on Redfin’s The Hottest Neighborhoods of 2016 list, Ukrainian Village features a blend of traditional storefronts and hip, new restaurants, including the Italian eatery A Tavola.

-Pilsen. Located on Chicago’s South Side, Pilsen features numerous taquerias and vendors of Mexican street food. The neighborhood is also an art haven featuring a host of studios along 18th Street and South Halsted Street.

-Hyde Park. A cultural hub in Chicago, Hyde Park is home to the University of Chicago and the Museum of Science and Industry and boasts numerous small coffee shops and bookstores.

Tuesday, January 24, 2017

Three of Chicago’s Most Buzzworthy New Restaurants


Derek Sulo serves as principal at Peerless Real Estate Investments in Chicago. Outside of work, Derek Sulo enjoys exploring new restaurants throughout the city. Chicago boasts one of the best restaurant scenes in the nation, with new and exciting eateries opening frequently. 

In the last year, among the restaurants generating the most buzz was Cruz Blanca in West Loop. This Oaxaca-inspired spot serves house-brewed beer paired with delicious tacos. Diners will also find great Mexican street foods, from beef tasajo to Tlayudas.

Kimski, located in Bridgeport, also received a lot of attention. This Polish-Korean fusion place may sound like a bad idea at first, but one bite of a Polish sausage with soju mustard and kimchi-infused slaw will change any diner’s mind. The other must-try dish at Kimski is the Kopo Wangs.

Stephanie Izard, winner of Top Chef, made waves with her new Chinese restaurant, Duck Duck Goat. The eatery consists of five rooms, each of which follows a different Chinese motif. First-timers have to try the soup dumplings. Some other stars of the menu include Dan Dan noodles and fried rice with duck.

Wednesday, January 11, 2017

Lincoln Park - An Attractive, Historic Chicago Neighborhood


As head of Peerless Real Estate Investments in Chicago, Derek Sulo manages daily operations of a well-established developer of urban luxury projects. Derek Sulo has successfully guided a variety of condominium projects, including a five-unit building that offers boutique residential living in Lincoln Park. The North Halsted street property features elevator access and spacious outdoor environs.

The Lincoln Park neighborhood, one of Chicago’s most famous, offers residents sought-after qualities such as abundant trees, historic homes, and a location near a lakefront park that includes a world-class zoo. The park’s rich history includes it being the site of the first Ferris wheel, which debuted in 1893 at the Chicago World’s Fair and was permanently placed in the park thereafter. 

Lincoln Park also serves as a center for the rich Chicago rock and blues tradition, with noteworthy live venues such as Lincoln Hall. Another popular destination is the Chicago History Museum, which features exhibits that showcase the city’s diverse roots and includes a permanent display of a section of Fort Dearborn, the original military installation that predated the city’s founding.