Articles filed under Commercial Real Estate

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  • Mount Prospect McDonald's moving into old Baker's Square Sep 18, 2014 5:30 AM
    McDonald's will move out of its restaurant on Rand Road in Mount Prospect and into a new location that is so close you could probably stretch a golden arch from one to the other.

  • Rosemont to pay $1 million more for mall garage Sep 18, 2014 2:53 PM
    Rosemont will pay an extra $1 million for the construction of a parking garage attached to the Fashion Outlets of Chicago as a result of soil problems, officials said. “We tried to weasel our way out of it, but we couldn’t,” said Mayor Brad Stephens, who noted that the soil issues were identified at the start of construction.

  • New 236,000-square-foot distribution center being built in Des Plaines Sep 18, 2014 4:37 PM
    Officials broke ground Thursday on a 236,000-square-foot distribution facility on Des Plaines’ south side that could be leased to as many as six tenants, officials said. Elk Grove Village-based Liberty Property Trust is constructing the building on a 16-acre site at 333 Howard Ave.

  • Hoffman Estates tech firm could move to Gurnee Sep 17, 2014 12:04 PM
    Gurnee Mayor Kristina Kovarik is seeking support from other local taxing agencies for a combined $2.3 million package of proposed financial incentives to a Hoffman Estates semiconductor company that supporters say could lead to a version of Silicon Valley in the village. “Similar to Silicon Valley, we think this will become the Diamond Prairie,” Kovarik said.

  • Giordano’s to open by December in Des Plaines’ Metropolitan Square Sep 17, 2014 11:58 AM
    A Giordano’s restaurant is coming to Metropolitan Square in downtown Des Plaines, the franchisee announced Wednesday. The pizzeria will be located in a 1,500-square-foot storefront between existing Potbelly and Panera Bread restaurants near River Road and Pearson Street.

  • Caputo plans upgrades at former Elk Grove Dominick’s Sep 17, 2014 5:08 PM
    Joe Caputo & Sons Fruit Market officials are planning to make some $350,000 in improvements to build out the vacant Dominick’s location in Elk Grove Village. The grocer is targeting Oct. 15 as the opening date of its 72,000-square-foot store at 980 Elk Grove Town Center.

  • Boy Scouts offices moving from Mount Prospect to Arlington Heights Sep 16, 2014 5:30 AM
    The Northwest Suburban Council of the Boy Scouts of America will close its Mount Prospect location and open new offices and a shop in Arlington Heights starting in early November.

  • Tax incentives for new Gurnee business on agenda Sep 16, 2014 1:42 PM
    Nearly all of Gurnee’s taxing agencies are scheduled to meet today regarding possible financial incentives for a proposed research and manufacturing facility. Members of the Gurnee village board, Woodland Elementary District 50, Warren Township High School District 121, the Gurnee Park District and Warren Township government are the agencies on the special meeting agenda.

  • Big subdivision would boost Hawthorn Woods’ Main Street plan Sep 16, 2014 10:35 PM
    Pulte Home Corp. is proposing a 221-home subdivision in Hawthorn Woods. The walkable community would feature four distinct neighborhoods targeted to different generations. The plan also envisions a 7-acre commercial area at Midlothian and Gilmer roads. “This is our new Main Street,” said Pam Newton, Hawthorn Woods’ COO. “We call it Main on Midlothian.”

  • Hoffman Estates officials counting on Sears staying Sep 16, 2014 4:41 PM
    Hoffman Estates government and business leaders said they’re confident about Sears Holdings Corp.’s continued presence in the community, despite news the company needed a $400 million loan from its CEO. “There would be a multiplier effect if we lost Sears,” said Keith Evans, chairman of the Hoffman Estates Chamber of Commerce & Industry. “Would it be a blow to the community? Definitely.”

  • He’s not accusing BG board of secrecy Sep 15, 2014 5:01 AM
    Letter to the editor: Leon Gopon of Buffalo Grove clarifies some remarks he made at the Buffalo grove Village Board meeting on Sept. 8

  • Downtown developer wants to press on in Buffalo Grove Sep 15, 2014 5:15 AM
    The developer proposing to build a new Buffalo Grove downtown is determined to press on, despite an engineering study that found the project would have to be smaller than proposed. Smaller development can be "even better" Chuck Malk vowed this week.

  • Savers thrift stores in Lake Zurich and St. Charles closing Tuesday Sep 15, 2014 4:16 PM
    A pair of suburban Savers thrift stores will close Tuesday. The stores in Lake Zurich and St. Charles are locking their doors. Others in the Northwest suburbs will remain open.

  • Mayor: More development, changes coming to Rosemont Sep 14, 2014 7:35 AM
    Cranes are in the air and shovels are in the ground in Rosemont. The tiny northwest suburb, home to only 4,200 residents, has become a business and entertainment hub. But there’s more new infrastructure to come, as noted last week by Mayor Brad Stephens in his annual state of the village address.

  • Naperville’s Water Street District plans changing again Sep 13, 2014 10:05 AM
    Plans are changing for the Water Street District in downtown Naperville. Updated plans are expected to go before the city’s planning and zoning commission this month as developers again seek approval to build a hotel, shops, restaurants and offices on a 2.4-acre area south of the DuPage River between Main and Webster streets. "We are optimistic that we will be able to break ground before the end of the year," said Deborah Newman, a spokeswoman for Water Street developer Marquette Companies of Naperville.

  • Mt. Prospect won’t hold public hearings over pot dispensaries Sep 12, 2014 8:16 PM
    Mount Prospect will be able to approve medical marijuana dispensaries in town without going to a public hearing first, the village board ruled this week.

  • Buffalo Grove board OKs sales tax split with Rohrman car dealership Sep 9, 2014 2:15 PM
    Buffalo Grove village board members agreed to provide economic incentives to bring a Bob Rohrman car dealership to town, despite the protest of resident Brian Costin that “there should be one set of rules for businesses.” Trustee Jeffrey Berman said, “We are not somehow immune from ... competition between us and our neighboring communities."

  • Buffalo Grove sends developer 'downtown' study he may not like Sep 9, 2014 12:57 PM
    Although a recent study shows a “downtown” could be built on the Buffalo Grove Golf Course, it may not be the one developer Chuck Malk of CRM Properties Group Ltd. had in mind when he proposed it in 2012. Buffalo Grove trustees Monday discussed the $79,000 engineering study that shows it would be feasible to build the “downtown,” then voted, with two exceptions, to forward the study to Malk.

  • Developer dead in mystery crash revamped a New York city Sep 7, 2014 9:29 AM
    A developer presumed dead with his wife in a private plane crash near Jamaica had an “uncanny instinct” for revitalizing properties and an “incalculable” impact on his western New York hometown’s resurgence from crumbling industrial center to trendy destination for young professionals, friends and colleagues said.

  • Medical marijuana: 'Don't ask, don't tell' for state pot growers Sep 7, 2014 7:44 AM
    As Illinois begins its stringent process of licensing medical marijuana growers and sellers on Monday, one aspect of the business will be largely unregulated — where growers will get their seeds and starter plants. “It's kind of a 'don't-ask, don't-tell,'” says Michael Mayes, CEO of Quantum 9 Inc., a cannabis consulting and tech firm in Chicago.

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