Articles filed under Real Estate

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  • Movie theaters coming back to Oakbrook Center Jan 21, 2015 7:33 AM
    Nearly a dozen years after Oakbrook Center’s last movie theater closed, first-run films are returning to the Oak Brook mall. Oak Brook trustees have given their blessing for a more than $50 million plan to build a 12-screen luxury movie theater with indoor parking at the mall. The mall’s owners are also planning a new restaurant and casual dining area. “This will be a tremendous investment in the future of Oakbrook Center,” Village President Gopal Lalmalani said.

  • Would-be medical marijuana dispensary eyes Bartlett industrial site Jan 20, 2015 11:25 PM
    What could be a suburban chain of medical marijuana retailers has already starting leasing a storefront in Bartlett, its CEO says. The businessmen behind Suburban Wellness LLC have made a risky bet, locking in the 1,490-square-foot space, before knowing whether they can even open their doors and sell the drug.

  • Woodfield Mall reveals new interior look to take shape in 2015 Jan 21, 2015 5:33 AM
    Woodfield Mall officials Tuesday morning revealed details and renderings of their planned $13.9 million renovation expected to begin almost immediately. Among the major aspects of the “design enhancement” are the removal of brick features that date back to the Schaumburg shopping center's 1971 beginnings.

  • Donations for Good Shepherd renovations reach milestone Jan 19, 2015 7:07 PM
    The four-year, $247 million campus modernization project at Advocate Good Shepherd Hospital in Lake Barrington isn’t yet halfway done, but thanks to Barrington-area donors, fundraising efforts are more than 80 percent complete. Hospital spokeswoman Erin Abbey said more than $20.5 million has been raised toward the completion of the project which will add private patient rooms, better technology and more convenient access to inpatient and outpatient services to the 36-year old hospital.

  • New owners seek legal help over problem home Jan 18, 2015 12:01 AM
    Q. My wife and I purchased our first home about two months ago. Since the day we took possession, we have had nothing but problems. It seems like almost every day brings a new adventure.

  • Wait for a warmer season before sealing driveway Jan 18, 2015 12:01 AM
    Q. My son moved down to Nashville a few weeks ago, and he keeps sending me messages saying how much warmer it is down there, but they received a bit of the arctic blast as well.

  • Companies update a centuries-old idea Jan 18, 2015 12:01 AM
    One of the hottest space dividing concepts is actually older than dirt. Room dividers have been used since the 7th century in ancient China and the Japanese began using lighter, more portable room dividers for tea ceremonies, religious events and outdoor processions around the same time.

  • Rosemont agrees to loan 2 TIF districts money Jan 18, 2015 4:39 PM
    Rosemont is loaning money from its general village fund to a pair of tax increment financing district funds, but plans to pay it back once redevelopment occurs. The village board last week agreed to loan $10 million from the general fund to the fund of TIF 7, established last February in an effort to spur redevelopment northwest of the intersection of Higgins and Mannheim roads.

  • When house shopping, look for steak, not sizzle Jan 17, 2015 12:01 AM
    Q. My husband and I have been together for three years, and are ready to buy our first house. It’ll be a tight squeeze, but we both have good credit and good jobs. Do you have any advice about where to find bargains in houses for sale?

  • The fixed-rate option is different with a HECM reverse mortgages Jan 17, 2015 12:00 AM
    A reader caught me off guard the other day by saying that she had counted 28 articles on adjustable rate mortgages on my website, but all of them pertained to standard mortgages. Not one applied to reverse mortgages, and she wondered whether that was because the issues were exactly the same? I winced at that, because the issues are not the same — not even close.

  • Further rebound anticipated in the 'burbs Jan 19, 2015 12:40 PM
    The phones are ringing off the hook at Century 21 Langos and Christian in Mount Prospect. "We had a great October through December in 2014 and we are expecting 2015 to be even better because the market is strong,” said Roseann Schumacher, broker and owner.

  • Looking at bulbs in a new light Jan 17, 2015 7:01 AM
    I first tested an LED bulb seven years ago. It was not a promising beginning. The color of the light was a silvery metallic. The final kicker was the price — $125. Things have changed a lot since then. As LED manufacturers have increased the efficiency of the bulbs, fewer are required for a given wattage and bulb type, and the prices have fallen precipitously.

  • Arlington Hts. country club selling to national chain Jan 16, 2015 8:46 PM
    After 90 years as a private club, Rolling Green Country Club in Arlington Heights is being sold to ClubCorp, a national country club group that may bring upgraded amenities and much lower prices. “The market has shifted for country clubs,” a spokesman said. “For the kinds of facilities and amenities that customers are looking for today, private clubs struggle to deliver that at a price point that’s affordable.”

  • Deconstructing Christmas made easy through organization Jan 16, 2015 12:01 AM
    My decorations still are up and probably will stay up for a few more days while I catch up on my sleep. But when it’s time to put it all away, I have learned a few tricks I’d like to share.

  • Home inspector goes to small claims court Jan 16, 2015 12:01 AM
    Q. I’ve been a home inspector for about two years, so I’m still learning. Unfortunately, I just learned a very hard lesson after doing a free walk-through inspection as a favor for a real estate agent who was buying a high-rise condo.

  • How opening interior doors can cut heating bills Jan 16, 2015 8:41 AM
    It may seem strange, but leaving the doors to unoccupied rooms open can actually reduce your energy costs.

  • Inverness Hills in neighborhood profile Jan 16, 2015 12:01 AM
    With their home looking out on a natural preserve, Susan and Gregg Kobeski have the best entertainment in their own backyard in Inverness Hills: gorgeous sunsets, deer visiting near their back patio or in their driveway, and picturesque views.

  • Not all buyers benefit from lower FHA interest rates Jan 16, 2015 12:01 AM
    If you saw the White House announcement of lower insurance payments on Federal Housing Administration home mortgages last week, you might have wondered: Does this matter to me as a potential homebuyer or refinancer? Who specifically will benefit from the decrease in fees?

  • Foreclosures fell in 2014 to levels before housing bust Jan 15, 2015 9:42 AM
    A healthier U.S. housing market and economy helped to winnow foreclosures in 2014 to levels not seen since before the housing bust. The decline is the latest evidence of how foreclosures have diminished in recent years from a national crisis to a largely market-specific concern.

  • Zoning change would allow motorcycle dealer in downtown Libertyville Jan 15, 2015 5:01 PM
    Libertyville long has been known for its auto dealers, but now interest has arisen in locating an upscale motorcycle dealership in the heart of downtown. A village panel has recommended a zoning change that would clear the way for it to happen.

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