Articles filed under Commercial Real Estate

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  • Buffalo Grove working on business development plan Mar 5, 2015 12:40 PM
    Buffalo Grove’s new community development director is trying to breathe new life into the village’s economic development policy now that a developer’s massive proposal to build a downtown is dead. Christopher Stilling offered his itinerary for the village’s new economic development plan before village board members at this week’s committee of the whole meeting.

  • Good Shepherd's $247 million modernization remains on target Mar 4, 2015 2:07 PM
    Work continues in full swing on the $247 million campus modernization project at Advocate Good Shepherd Hospital in Lake Barrington. The four-year project includes construction of a four-story addition to provide space for the hospital's switch to private rooms for all patients, a new main entrance and more convenient access to inpatient and outpatient services.

  • St. Charles OKs new buildings, parking garage for First Street Mar 3, 2015 7:14 AM
    St. Charles city council signed off on a final agreement to restart most important piece of First Street development. The new buildings and parking garage are set for an ambitious two-year completion. “We've come a long way, baby,” St. Charles Mayor Ray Rogina said. “We're not done yet. But I just want to say that I'm happy that we passed this."

  • Apartments for disabled proposed in Des Plaines Mar 3, 2015 5:30 AM
    A 5-story independent living apartment building for people with physical disabilities has been proposed near downtown Des Plaines. The city council voted 5-2 Monday to approve a zoning change, from commercial to residential, that could pave the way for the 40-unit apartment building at 751 Graceland Ave.

  • Chicago’s iconic Willis Tower up for sale Mar 4, 2015 9:08 AM
    Chicago’s Willis Tower, once the world’s tallest building and one of the city’s top tourist attractions, is up for sale. The 110-story skyscraper may fetch around $1.5 billion, which would set a record for an office building in the third-biggest U.S. city.

  • Wauconda District 118 sues Lakemoor over new tax designation Feb 28, 2015 7:42 AM
    One day after the Lakemoor village board unanimously approved measures that officially designate two areas near and around the busy Route 120/12 intersection as a special taxing district to spur development, Wauconda Unit District 118 went to court to have one of them dissolved. “We do not believe the south area meets the criteria for chronic flooding,” Superintendent Dan Coles said.

  • Wauconda village board candidates not sold on incentives for businesses Feb 27, 2015 5:14 PM
    The candidates running for seats on Wauconda’s village board want to bring more businesses to town, but not all are enthusiastic about offering financial incentives to lure them.

  • CDW, Medline planning offices in Lincolnshire Feb 26, 2015 12:08 PM
    Two prominent Lake County companies - computer retail giant CDW and Medline Industries - are planning to move some of their sizeable staffs to Lincolnshire this year, village officials have confirmed.

  • Mt. Prospect might swap who owes transfer tax from buyer to seller Feb 26, 2015 5:59 PM
    Mount Prospect officials are discussing changes to how the village imposes its real estates transfer tax, but some fear the proposal might create double taxation for some residents.

  • Positives and negatives in outlook for Hoffman Estates, mayor says Feb 26, 2015 12:17 PM
    The good news of economic growth and fresh successes at the Sears Centre Arena was counterbalanced by bad news of proposed cuts in state funding threatening police and fire staffing during Hoffman Estates Mayor Bill McLeod's annual state of the village address Wednesday. “It's been a very good year,” McLeod said.

  • Prospect Heights mayor joins opposition to longer runway Feb 25, 2015 8:50 AM
    The leaders of Wheeling and Prospect Heights have announced their opposition to runway extension at Chicago Executive Airport, but Charlie Priester, hired to oversee a blueprint for the facility’s future, wants to keep studying expansion. "I can’t see any purpose to disenfranchising people with their homes and their business to extend the runway,” Helmer said Tuesday, a day after Agiris expressed his objections.

  • Trustees green-light Schaumburg’s 30th hotel Feb 25, 2015 5:30 AM
    Schaumburg trustees approved a 105-room extended-stay hotel on the former site of Bally Total Fitness Tuesday, bringing the village’s total number of hotels to 30. The four-story, 61,797-square-foot Home 2 Suites Hotel at 1300 E. American Lane represents a new brand for Hilton Worldwide, with only about 55 existing sites in the continental United States.

  • Argiris, Helmer talk business in Wheeling, Prospect Heights Feb 25, 2015 10:58 PM
    The mayors of Prospect Heights and Wheeling are number guys. Looking back on 2014, the two packed their respective state of the city and village addresses Wednesday with loads of figures — most in dollars and cents. “I base our success on numbers,” Wheeling Village President Nick Argiris told about 150 people at a lunch hosted by the Wheeling/Prospect Heights Chamber of Commerce.

  • Des Plaines residents speak out about O'Hare Lake plans Feb 25, 2015 5:40 AM
    Des Plaines residents who live next to the O'Hare Lake office complex are opposing development plans that could include buildings as tall as 165 feet just over their backyard fences. An ambitious development proposal from O'Hare Lakes owner Robert Kozonis calls for as many as four 10-story office towers, five 11-story residential towers around Lake Peterson, two 9-story hotel towers facing Devon Avenue, and four levels of retail below the hotels.

  • Local police say they're being vigilant on mall security Feb 24, 2015 5:43 AM
    Schaumburg police are not adding patrols or other extra security measures at Woodfield Mall in light of a terrorist group's calls for attacks on shopping centers around the world, but both police and a mall trade group say they will remain vigilant. On Saturday, a video attributed to Somali-based Islamist militant group al Shabaab appeared to call for attacks on Western shopping centers, including the Mall of America in Minnesota. Woodfield was not specifically named.

  • Pac-Man-themed restaurant opens at Woodfield Feb 24, 2015 10:02 PM
    On the verge of his 35th birthday, Pac-Man has a new home at Woodfield Mall in Schaumburg. Level 257, Wood Dale-based Namco Entertainment Inc.'s prototype restaurant and entertainment center themed after the iconic video game, has finally opened after months of anticipation.

  • Lake Barrington hopefuls debate gas station’s approval Feb 21, 2015 7:35 AM
    Though all six candidates for Lake Barrington village trustee agree the Speedway gas station at Route 14 and Kesley Road is a done deal, the biggest debate in this year’s election campaign is over how public input on that issue was heard and considered.

  • Burst pipe caused early end of Arlington Heights’ Harry’s Feb 20, 2015 3:26 PM
    A burst frozen pipe at Harry’s in downtown Arlington Heights last month flooded the beloved establishment and prevented an opportunity for a proper sendoff - before its rebirth as a suburban location of Chicago-based Cortland’s Garage Tavern & Grill this spring.

  • Historic downtown Bartlett building could get new life after sale Feb 20, 2015 12:51 PM
    The buyer of a long vacant restaurant in downtown Bartlett wants to open another eatery there. “We're hoping that it can be renovated and fixed up not only for its historic importance, but it's also kind of a key location in the downtown,” Community Development Director Jim Plonczynski said of the old Lucky Jacks on Railroad Avenue.

  • Medical organization opens new Rosemont headquarters Saturday Feb 19, 2015 7:01 PM
    A former golf driving range in Rosemont is now home to the national headquarters of the American Academy of Orthopaedic Surgeons, where officials this weekend will be cutting the ribbon on their new building. Construction of the 5-story, 180,000-square foot office building on the northwest corner of Higgins and River roads started in July 2013 and wrapped up late last year.

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