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The Business Resource for Suburban Chicago
Monday, March 02, 2015 9:08 PM
  • Rising tide for industrial real estate market not lifting all boats

    Most enterprise leaders welcome economic recovery because it is good for business, but in some segments of the industrial real estate marketplace, the “rising tide” is covering up some boats and certainly not lifting them.

     
  • BARRINGTON — Coldwell Banker Residential Brokerage in Chicagoland said it has acquired the assets of Countrywood Realty, Inc., which formerly operated as ERA Countrywood Realty in South Barrington. 
  • LINCOLNSHIRE -- Two prominent Lake County companies plan to move some of their sizable staffs to Lincolnshire this year, village officials have confirmed. 
  • Strategies changing with the times
    Across the area’s vast and expansive industrial marketplace the landscape has changed considerably over the last 18 to 36 months, or longer.
    Since the first quarter of 2011, more than 50 million square feet of space has been absorbed. In turn this has created a drop in the overall vacancy to 7.73 percent—the lowest vacancy in nearly a decade. 
  • Baby Boomers look for options in senior living
    Today’s senior living communities are a far cry from our grandparents’ retirement centers. The profile of the residents of senior living communities — enter the baby boomers — have changed dramatically. With that change comes a greater motivation to cater to the needs and lifestyles of today’s seniors. 
  • Mature O’Hare industrial market poised for change
    The Chicago area is the nation’s second-largest warehouse and distribution market. Millions of square feet of new product is being delivered on what is an ever-increasing boundary line of his market moving west, southwest and north. 
  • Why commercial development is booming in the ’burbs
    The suburbs have long appealed to homebuyers looking for better schools, a better quality of life and space to call their own. In turn, businesses understand that setting up shop in the suburbs gives them access to a committed, skilled workforce interested in jobs that provide stability. 
  • Q&A with Rick Scardino, retail director at Lee & Associated LLC
    Rick Scardino brings 26 years of experience in commercial real estate to Lee & Associates LLC in Rosemont where he spearheads the retail division as director. Throughout his career, he has focused on all forms of retail brokerage including tenant representation, product/landlord representation, land, and investment sales in metropolitan Chicago. 
  • Suburban multifamily apartments in strong demand
    For more than 22 years, Prime Property Investors has been developing and managing apartment communities, but never before have we seen such a heated interest in Chicago’s suburban rental market as right now. 
  • Crowdfunding in commercial real estate was the topic of discussion at a recent luncheon program for the Association of Industrial Real Estate Brokers. 
  • ELGIN -- The owners of the Professional Building in downtown Elgin have finally installed smoke detectors in all units to complete a life safety plan more than three weeks after a deadline imposed by the city. 
  • SCHAUMBURG - Entre Commercial Realty LLC announced a 4.7-acre land assemblage and sale at 156 West Dundee Road in Wheeling to The LaSalle Group for approximately $2.3 million. 
     
  • WESTCHESTER – NAI Hiffman recently represented medical software technology company Brainlab in the long-term renewal of its US headquarters at Westbrook Corporate Center in Westchester. 
  • LAKE ZURICH - Lake Zurich officials have granted a nearly three-month exclusive window for a well-known home developer to create a proposal for village-owned downtown waterfront property.

     
 
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