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Articles filed under Real Estate

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  • Fahey Medical Center in Des Plaines closes due to foreclosure Aug 8, 2014 4:22 PM
    A longtime medical clinic in Des Plaines has closed its doors due to foreclosure. An eviction notice from the Cook County Sheriff is posted on the doors of the Fahey Medical Center, which has been at 581 E. Golf Road since 1957.

     
  • Six things to consider before renovating a basement Aug 8, 2014 11:27 AM
    A basement renovation can increase a home’s value anywhere from 15 to 20 percent, depending on the renovations and the market, said John Gutman, vice president of sales and acquisitions at Mack Estates.

     
  • How Ye Old Town Inn owner fought suburb, won millions Aug 7, 2014 6:37 AM
    You can't fight City Hall, the adage goes, but Tod Curtis fought Village Hall, and his side came away with $6.5 million. The 75-year-old owner of Ye Olde Town Inn in downtown Mount Prospect claimed in a 2008 lawsuit that village officials and a local development company conspired to seize his land and redevelop the area without him. “Nothing's changed me,” he said. “I'm still making great pizzas.”

     
  • Hanover Park ‘getting close’ to deal with Hanover Square buyer Aug 5, 2014 6:53 PM
    Hanover Park Mayor Rodney Craig said the village is "getting closer" to selling Hanover Square, an aging strip mall on Barrington Road, to a developer who plans to revitalize it. "(I)'m optimistic that we'll reach some sort of understanding and sale," Craig said.

     
  • Wheeling OKs Town Center deal; Argiris wants plans Aug 5, 2014 5:06 AM
    It should have been a joyful occasion. After years of uncertainty and delays, the Wheeling village board Monday approved a contract with Urban R2 for a $100 million redevelopment called Town Center. Yet Mayor Dean Argiris was impatient for some of the groundbreaking. “I don't want to wait two years; I don't want to wait one year,” Argiris said.

     
  • Year-over-year U.S. home prices show a slowing gain Aug 5, 2014 8:57 AM
    U.S. home prices rose in June by the smallest year-over-year amount in 20 months, slowed by modest sales and more properties coming on the market. Data provider CoreLogic said Tuesday that prices rose 7.5 percent in June compared with 12 months earlier. That’s a solid gain but less than the 8.3 percent year-over-year increase in May and a recent year-to-year peak of 11.9 percent in February. On a month-to-month basis, June prices rose just 1 percent, down from 1.4 percent in May. But CoreLogic’s monthly figures aren’t adjusted for seasonal patterns, such as warmer spring weather. The slowing price gains should make buying a house more affordable. Prices had risen sharply last year, along with mortgage rates. At the same time, Americans’ paychecks haven’t risen nearly as fast, having increased roughly 2 percent a year since the recession ended — about the same pace as inflation. Many would-be buyers, particularly younger ones, were priced out of the market as a result. Sales of existing homes fell in the second half of last year and have only modestly recovered since then. They rose to a seasonally adjusted annual rate of 5.04 million in June, the third straight increase. But that was still 2.3 percent fewer than the pace a year earlier. And a measure of signed contracts slipped 1.1 percent in June, suggesting that sales might cool in coming months. It typically takes one to two months for a signed contract to become a completed sale. More homes have been put up for sale, though the supply remains generally tight. There were 2.3 million homes for sale at the end of June, 6.5 percent higher than a year ago. Home prices in Arkansas fell 0.4 percent in June compared with a year earlier, CoreLogic’s report said. It was the only state to post a decline. The states with the biggest increases were Michigan, where prices jumped 11.5 percent; California, 11.3 percent; Nevada, 11.1 percent; Hawaii, 10.8 percent; and Oregon, 9.5 percent. Overall, prices rose in 98 of the 100 largest cities tracked by CoreLogic from a year earlier. They fell in Worcester, Massachusetts and in Little Rock, Arkansas. Most economists forecast that sales will barely rise this year from 2013’s pace of 5.1 million. Sluggish sales, in turn, will slow annual price gains this year to roughly 5 percent or 6 percent, economists predict.

     
  • Seal off entry points to cut off insect invasion Aug 11, 2014 4:00 PM
    Q. Bees and wasps are making our home theirs. How do we deter them from doing this? We’ve had D-Bug and Terminix come to no avail.

     
  • Buffalo Grove could get Lake County’s first marijuana dispensary Aug 5, 2014 12:35 PM
    Buffalo Grove could become the first community in Lake County to host a medical marijuana dispensary, if the state grants a license to Midwest Releaf, based in Gurnee, which wants to open the dispensary in an industrial area of Buffalo Grove near Milwaukee and Aptakisic.

     
  • Downtown Elgin business leaves, another moves in Aug 5, 2014 5:05 PM
    Spacetaste Gallery has left downtown Elgin and will be replaced by Mr. Cheaps Mattress, which is moving into the Chicago Street space in two weeks. HYPERLINK "www.spacetastegallery.com"Spacetaste Gallery, which mostly sold artists’ works on consignment, moved out of 215 E. Chicago St. in downtown Elgin to focus on online sales, as well as promotions and productions, its owner Tim Solarz said.

     
  • Lake Barrington sets hearing on gas station Aug 4, 2014 10:01 PM
    A public hearing regarding a proposed Speedway gas station at Northwesy Highway and Kelsey Road will be held at 7 p.m. Aug. 14 at the Lake Barrington village hall, 23860 N. Old Barrington Road.

     
  • Sun shining through your window can cook rice Aug 3, 2014 12:01 AM
    Q. I like to do things the natural way when cooking. Since my kitchen gets really hot when I cook, I would like to try a solar oven. Is it really possible to cook with solar and how can I make an oven?

     
  • Additional insulation may not be worth it in some cases Aug 3, 2014 12:01 AM
    Q. My house is a 50-year-old, two-story colonial. The attic already has blown-in insulation up to the top of the joists with an attic blanket over that. I have no trouble with ice dams, etc., on my roof. Should I blow foam into the walls?

     
  • Zillow topping Realogy shows Web surge in housing Aug 3, 2014 7:22 AM
    Zillow’s purchase of Trulia makes the online company such a force in U.S. real estate that its market value now surpasses that of Realogy, owner of renowned brokerage brands from Coldwell Banker to Century 21.

     
  • Approvals for mortgage relief take too long, watchdog says Aug 3, 2014 7:22 AM
    Troubled homeowners are facing unacceptable delays when they turn to the Obama administration’s flagship foreclosure prevention program for help, the watchdog agency that oversees the initiative reported. The analysis found that the number of borrowers awaiting approval for the Home Affordable Modification Program nearly doubled.

     
  • Many families are housing multiple generations Aug 3, 2014 12:01 AM
    Many baby boomers find themselves sandwiched between aging parents and boomerang kids who come home to live again. A larger percentage of college-educated progeny have returned home.

     
  • Wine storage, clever cabinetry top 2014 kitchen trends Aug 3, 2014 6:00 AM
    Bold cabinet choices and textures, chic lighting and wine refrigerators are among the top trends for kitchens in 2014.

     
  • No bones about it — skulls are making their way Aug 3, 2014 6:00 AM
    It seems the latest trend in interior design is the skull as a motif and decorating theme. Interior design has always been influenced by fashion and art, and the skull emblem is the perfect example.

     
  • In San Francisco real estate, $1M won’t buy much Aug 3, 2014 7:47 AM
    San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: Think again. It will barely cover the cost of an 800-square foot starter home that needs work.

     
  • Baby boomers becoming long-distance caregivers Aug 2, 2014 12:01 AM
    Living far away from an aging or ailing parent is a burden that only those who have experienced it can understand. Your first instinct is to hop in a car (or onto a plane) to rush to their side when they become ill.

     
  • Selling a home furnished is risky proposition Aug 2, 2014 12:01 AM
    Q. I am 70 years old and am getting ready to sell my house up north. I already own a condo unit in Florida. Can we sell it "as is," furnished, so this is not much of a hassle?

     
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