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Articles filed under Commercial Real Estate

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  • Corrigan Moving debuts warehouse, office in Hanover Park Nov 5, 2014 6:42 PM
    A Michigan-based moving company has opened a new warehouse and office space in Hanover Park. Corrigan Moving Systems will host tours of the new facility, 4800 Gary Ave., on Nov. 12.

  • Harry's gets new owners, will reopen with new name, menu Nov 4, 2014 7:34 PM
    The popular downtown Arlington Heights restaurant Harry's will soon be under new ownership, a change which is likely to bring a short closure, a new name and an updated menu for the historic spot at 1 N. Vail Ave.

  • Des Plaines aldermen agree to dissolve failed Five Corners TIF Nov 4, 2014 4:00 PM
    Nearly eight years to the day Des Plaines aldermen approved a controversial tax incremental financing district, the current city council has decided to dissolve the district due to a lack of redevelopment. “Why have the properties in the TIF if nothing in the close, foreseeable future is going to happen?” said George Sakas, community and economic development director.

  • Food packager could bring hundreds of jobs to Bartlett Nov 4, 2014 5:12 PM
    Creative Werks, a food packaging company for Nestlé, Hershey and other candy giants, is signing a $32 million lease to move into a Bartlett industrial park, village officials have announced. The company nearly passed on expanding to the Bartlett site in favor of properties in Aurora and northwest Indiana.

  • Buffalo Grove downtown plan gets jeers and an OK Nov 4, 2014 1:07 PM
    Armed with easels and architectural drawings and accompanied by his development team, Chuck Malk of the CRM Properties Group returned to the Buffalo Grove village board to unveil his new concept for a downtown Buffalo Grove. The board ultimately voted to send the proposal to the planning and zoning commission for review, but residents gave it an earful first.

  • Giesche Shoes shutters Glen Ellyn, Geneva stores Nov 3, 2014 5:44 PM
    Glen Ellyn residents said goodbye to yet another downtown shopping landmark after Giesche Shoes closed its doors for the last time. The family-run business, which also closed its store late last month at 21 N. 4th St. in Geneva, had been part of Glen Ellyn since 1949, owner Brian Giesche said.

  • Buffalo Grove downtown plan: Retail, residential and more Nov 3, 2014 5:30 AM
    A new concept for a downtown Buffalo Grove on the village campus — from the developer behind the initial controversial plan — will be presented to the village board tonight. The board is expected to hear a petition from CRM Properties Group asking for a preliminary review of a multiuse development at the Buffalo Grove Golf Course and municipal campus.

  • New tenants filling two St. Charles’ storefronts Nov 4, 2014 2:39 PM
    Dave Heun says West Main Street in St. Charles will soon welcome two new tenants.

  • Joe Caputo & Sons to open Elk Grove Village store by January Oct 31, 2014 5:17 PM
    While one grocer is moving out, another is coming to Elk Grove Village in the coming months.

  • Developers interested in Sakura restaurant site in Mt. Prospect Oct 31, 2014 2:07 PM
    Mount Prospect Community Development Director William Cooney offered some tantalizing glimpses into development prospects for the next year at this week's board meeting. He said that there is considerable interest in such sites as the old Sakura restaurant property, destroyed in a fire. “I have a few individuals that are very interested in pursuing that,” Cooney said.

  • No Indian mound means apartments can be built in Schaumburg Oct 30, 2014 11:36 AM
    Vacant land along Algonquin Road in Schaumburg — suspected three years ago of being the site of an American Indian mound — might soon become a rare, post-recession residential development containing 192 apartment units.

  • Lake Barrington planners recommend gas station Oct 31, 2014 12:22 AM
    Lake Barrington’s plan commission recommended a controversial Speedway gas station proposal before a large crowd of residents who opposed the plan Thursday evening at village hall. The proposal is to build a 20-pump gas station that would have a 4,608-square-foot convenience store and an automatic car wash and would operate 24 hours a day, seven days a week, at the intersection of Northwest Highway and Kelsey Road.

  • Two new Hoffman restaurants in line for tax breaks Oct 29, 2014 5:30 AM
    Hoffman Estates officials are recommending that new Moretti’s and Whiskey River restaurants at the southeast corner of Higgins and Barrington roads be eligible for up to $550,000 in property tax reimbursements from the tax increment finance district in which they’re locating. Neither restaurant has a scheduled opening date.

  • Townhouse proposal could displace downtown Des Plaines church Oct 28, 2014 4:14 PM
    A developer is proposing to build 61 townhouses on the site of a shuttered banquet hall and restaurant in downtown Des Plaines, but members of an existing storefront church are upset they might be displaced as a result. “We feel part of this community and want to stay part of the city of Des Plaines,” said Vern Wons, a member of the Good News Christian Center.

  • 11 towers, 'whole community' envisioned near Rivers Casino Oct 29, 2014 10:36 AM
    An “eco-campus” of office buildings, residential towers, hotels and retail stores is being proposed on the site of an existing office complex across the Tri-State Tollway from Rivers Casino in Des Plaines. Robert Kozonis, owner of O'Hare Lakes, is asking for zoning changes that could one day allow as many as four 10-story office towers, five 11-story residential towers around Lake Peterson, two 9-story hotel towers and four levels of retail below the hotels -- a "whole community."

  • Hoffman Estates extends Sears Centre management contracts Oct 28, 2014 8:56 AM
    Pleased with how Philadelphia-based Global Spectrum has turned around the fortunes of the village-owned Sears Centre Arena since 2010, Hoffman Estates trustees Monday recommended a five-year extension to the company’s management agreement.

  • Route 53 extension: Hopes and concerns of those along the corridor Oct 27, 2014 10:29 AM
    The prospect of a Route 53 extension has been part of life in central Lake County for five decades. A new version of the project is on the table, but is it a transportation and economic benefit the region can’t afford to pass by or an expensive dream that will never be built? Those who live and work along the corridor want to know what happens next.

  • A last chance to end 50-year Rt. 53 extension struggle Oct 27, 2014 9:36 AM
    After 50 years of debate over the future of a Route 53 north extension into Lake County, a make-or-break decision is in the works with a new proposal that hinges on balancing interests involving environmental protection, improved transportation and economic development. “This is our last best chance. We've gotten further with this project than any of the other efforts,” said Lake County Board Chairman Aaron Lawlor.

  • Business will offer freelancer, small-business workspace in Geneva Oct 25, 2014 7:40 PM
    If you've been to Geneva lately, you might have noticed some outdoor work taking place at the former U.S. Bank building on North Third Street, near Hamilton. After the first of the year, work will be getting done inside after office space developer Mara Hauser opens 25N Coworking, providing a “collaborative and productive” workspace for freelancers and small businesses.

  • Mt. Prospect to give Kensington Center a spruce Oct 24, 2014 4:25 PM
    Mount Prospect is stepping up efforts to pump new life into the Kensington Business Center. The village wants to make the center more attractive to businesses and turn it into more of an economic engine, so this week the village board hired an engineer to do design and construction work on the jogging path and on making lighting improvements.

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