Football Focus 2014

Articles filed under Commercial Real Estate

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  • Barrington project gets started with coffee, not cement Oct 15, 2014 5:26 AM
    Village officials and developers intended to have the “first pour” ceremony for The Barrington Village Center, the long-awaited retail project at Hough and Main streets, but the dreary Tuesday morning weather forced organizers to change plans. Instead of the first pour of concrete, village officials and other VIPs poured a few cups of coffee. “We took a bit of poetic license with that,” Village Manager Jeff Lawler said.

  • Gene & Georgetti to replace Rosewood in Rosemont? Oct 14, 2014 5:24 PM
    Rosewood restaurant and banquet hall in Rosemont is planning to close its doors as soon as January and a possible replacement is a Gene & Georgetti restaurant, officials said Tuesday. If a deal goes through, it would be the first time Gene & Georgetti opens a second location in the restaurant’s 74-year history.

  • Elgin Tower Building project pleases surrounding businesses Oct 11, 2014 7:36 AM
    A plan to convert the Elgin Tower Building into apartments is getting the thumbs-up from nearby business owners and property managers. “There is a demand,” said Katie Lange, leasing agent and assistant property manager for nearby Fountain Square on the River. Developer Richard Souyoul of Souyoul Properties in Chicago said he hopes to close on the property “very, very early next year.”

  • Craft brewery proposed in industrial area of Buffalo Grove Oct 11, 2014 8:23 AM
    Buffalo Grove could see a new craft brewer in an industrial area along Busch Parkway. Raj Chauhan said the plan is to offer a tasting room along with retail sales. “We propose to distribute as well as sell on site,” he said.

  • Residents start moving into One Arlington on Arlington Downs site Oct 9, 2014 8:22 AM
    After years of planning and construction, renters have started moving into One Arlington, the luxury apartment tower that was formerly the Sheraton Hotel along Euclid Avenue in Arlington Heights. The tower was granted partial occupancy on Oct. 2.

  • Elk Grove Food 4 Less grocer plans final checkout next month Oct 9, 2014 6:23 PM
    The Food 4 Less grocery store in Elk Grove Village is scheduled to close next month due to declining sales, officials said. Located in the Mallard Crossing Shopping Center at Meacham and Nerge roads, the store “has been underperforming for quite some time,” a spokeswoman said.

  • Dunkin’ Donuts planned for new Mount Prospect shopping center Oct 8, 2014 7:47 PM
    As demolition proceeds on the former Tri-State Electronics building along Northwest Highway in Mount Prospect, a developer is moving ahead with plans to replace it with a new shopping center that will include several tenants, including a Dunkin' Donuts.

  • Dist. 220 to buy 33 acres near Barrington High Oct 8, 2014 9:27 PM
    The Barrington Area Unit School District 220 board entered into a contract this week to acquire more than 33 acres across Hart Road from Barrington High School. District officials say they have no immediate plans for the site, which is costing $2.35 million. “Such (real estate) needs did not appear in the budget approved last month, and that budget was characterized as challenging and tight,” one opponent said.

  • Des Plaines TIF restructured in hopes of spurring redevelopment Oct 8, 2014 12:48 PM
    Des Plaines’ city council has formally approved ordinances restructuring a tax increment financing district, now operating in the red, in hopes of spurring redevelopment.

  • Chicago Mustangs to play at Sears Centre Oct 7, 2014 4:24 PM
    Hoffman Estates trustees Monday approved a one-season contract for the Chicago Mustangs soccer team to play its 10 home games from Nov. 8 through the late winter at the the village-owned Sears Centre Arena. The team previously played its home games at the much smaller Grand Sports facility in Hoffman Estates, where it drew about 1,100 fans per game.

  • Des Plaines tries to increase visibility of Metropolitan Square Oct 7, 2014 1:14 PM
    Can you find Metropolitan Square in Des Plaines? City leaders say not enough people can, and that’s why they’re paying a design firm $33,000 to find ways to spruce up the public space and draw more visitors. “God knows that whole development needs help,” said Alderman Mark Walsten, chairman of the city council’s community development committee.

  • After mulling sale, Silver Stallion restaurant owner to stay put in Des Plaines Oct 6, 2014 8:34 PM
    The Silver Stallion restaurant in Des Plaines is keeping its doors open, even though its owner toyed with the idea of selling to a seafood restaurant. “I got so many calls every day, ‘Why you leaving? Why you sell?’” said owner Gus Kalantzis. “The best place is in Des Plaines. Right now we’re doing nothing. We’re staying here for a while.”

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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