Articles filed under Commercial Real Estate

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  • Hanover Park shopping center seeking village approval for new building Sep 30, 2014 4:46 PM
    After struggling to land a tenant for a vacant restaurant in Hanover Park, developers are pinning their hopes on a new plan. New York-based Brixmor wants to tear down the building to make way for a new one in the Westview shopping center. “Having a vacant old building has not been very helpful for development in that area or for the shopping center,” Community Development Director Shubhra Govind said. “We’re happy to see a new building being proposed.”

     
  • Omron expands to new headquarters in Hoffman Estates Sep 29, 2014 5:32 PM
    Creating a more inviting environment for customer visits without sacrificing access to transportation hubs were key reasons Omron Automation and Safety’s recently relocated from two Schaumburg buildings to one larger facility in Hoffman Estates. The new, environmentally-friendly location will serve as the headquarters for both North American and South American operations for the Japan-based corporation, Vice President of Human Resources Cindy Janssen said.

     
  • Mundelein offering Medline $1.8 million to stay in town Sep 26, 2014 5:06 AM
    Medline Industries Inc., is considering whether to relocate its Mundelein headquarters and 1,600 jobs or expand on the 57-acre campus on Route 60. The village has agreed to provide up to $1.8 million in incentives and the company is said to also be discussing its plans with the state. "It would be a disappointment if Medline made any other decision but to stay in Mundelein," said Village Administrator John Lobaito.

     
  • 13-year lawsuit of Sears vs. Barrington Hills, South Barrington settled Sep 26, 2014 11:30 AM
    A lawsuit Sears Holding Corp. filed claiming Barrington Hills and South Barrington cost the company $15 million by interfering with its development plans has been settled with no money changing hands. Sears filed the lawsuit in 2001 to remove land-use restrictions the two villages placed on a portion of its 780-acre business park, located entirely in Hoffman Estates.

     
  • Developer to sell The Arboretum of South Barrington Sep 25, 2014 1:50 PM
    The owners of The Arboretum of South Barrington are in the process of selling the shopping center, according to Michael Jaffe, whose company managed operations there since 2004. Jaffe said the Arboretum has been a very important project to his company, and he hopes his company will be kept on to manage it by its next owner. “This project was not just bricks and mortar stuck in a corner to us; it really has been a labor of love,” Jaffe said.

     
  • Video game-themed restaurant to open at Woodfield in January Sep 26, 2014 9:42 AM
    A video game-themed restaurant and entertainment center is on track to open in January next to the Sears store at Schaumburg’s Woodfield Mall. Level 257 is a prototype concept by Namco Entertainment, Inc., the Wood Dale-based company affiliated with the makers of Pac-Man. “It’s the next level of entertainment,” a Namco executive said.

     
  • Mustangs hope to draw more soccer fans to Sears Centre Sep 22, 2014 9:35 PM
    A national championship and a generally higher profile for the sport of soccer have inspired the Hoffman Estates-based Chicago Mustangs to grow their fan base without leaving town — moving into the relatively mammoth Sears Centre Arena.

     
  • 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.

     
  • 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.

     
  • 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.

     
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