During his two terms, Mayor Rahm Emanuel has led Chicago during strong real estate growth following the recession. 

"Alan Lev, president and CEO of Belgravia Group, said Emanuel's decision not to run again adds uncertainty for developers, who now have to wonder what policies a successor will bring."

"As a business person, you like predictability. After eight years (with Emanuel) you come to know what to expect."

To read more, click here.