About the Company

10:13 p.m., Monday, May 12, 2008

About the Company

Ownership
Business Model
Access
Memberships
Mission
Advisors
Participating Companies
Staff
Awards
Press Coverage
News Releases

Ownership

ChicagoCondosOnline.com is owned and operated by Condominium Enterprises, Inc., an Illinois S corporation founded in July 2002. The company is owned by Ric Cox, an editor turned entrepreneur. The office is located at 505 N. Lake Shore Drive, Suite 5305, Chicago, Illinois, 60611.

Business Model

We are primarily a business-to-business company, selling directly to Multiple Listing Services for their members, and to real-estate brokerages and lending institutions, which buy annual subscriptions for their sales agents or loan originators. Additional revenue comes from fees for advertising, online transactions (sales of declarations, etc.) and licensing of our content to other Web sites, including those of participating brokerages. Our plans include expansion to other types of properties and to other locations.

Access

Access to this site is available to anyone, on a subscription-only basis. Subscriptions are sold primarily Multiple Listing Services and to brokerages and lenders, on a office-wide basis. Buyers may access the site, free, as guests of participating agents or loan originators, or may purchase their own subscriptions.

Memberships

Condominium Enterprises, Inc., is an affiliate member of the Chicago Association of Realtors^®, and a subscriber to the Multiple Listing Service of Northern Illinois.

Mission

“To make the pursuit of the perfect condominium the most pleasurable experience possible, for both Realtor^® and buyer.”

Advisors

Members of the Board of Advisors, all of whom serve without pay, and have no financial stake in the company, are:

Howard Ackerman, senior vice president, Fifth Third Bank Chicago
Bob Darrow, broker associate, @properties
Bud Fogel, MAP Multiple Listing Service
Ilyce Glink, consumer advocate and author
Jim Kinney , president, Rubloff Residential Properties
Bob Levin, president, Wolin-Levin, Inc.
Lou Lutz, president, Legum & Norman Midwest
Debbie Maue , broker associate, Rubloff
Jim Merrion , regional director, RE/MAX Northern Illinois
Tom Murray, former president, The Institute for Entrepreneurship
Jim Stoller, president, The Building Group
Elaine Waxman , former sales director, industry consultant
Scott Woodard, CEO, ShowingTime.com

Participating Multiple Listing Services

MAP Multiple Listing Service, Chicago, 14,000 members

Participating Lenders

Fifth Third Bank Chicago

Participating Brokers

Rubloff Residential

Participating Property-Management Companies

Content is gathered from many sources, most importantly from property-management companies that manage the buildings. The 14 property-management companies that have agreed to provide data are among the largest and most-respected in Chicago. They include: Wolin-Levin, Sudler (under previous management), Kass Management, The Building Group, Draper & Kramer, LaThomus, Community Specialists, Regent Realty, The Habitat Company, Venterra, Baird & Warner, Falzone, American Invsco, First Properties.

Condominium Enterprises Staff

President & CEO: Ric Cox
Vice President of Operations: Jill Landers
      Database Administrator: Jeanette Smith
      Data Entry: Dana Ogilvie
Chief Technical Architect: Chris Keslin
      Web Developer: Matt Cook

Awards

In August 2005, the Chicago City Treasurer's Office awarded ChicagoCondosOnline.com second place in its Business Plan Competition, sponsored by Harris Bank.
In July 2005, the Graduate School of Business at the University of Chicago selected ChicagoCondosOnline.com to receive consultation from a six-member team of MBA students.

Press Coverage

January 11, 2008, "Starting a Business Instead of Retiring"