Football Focus 2014

Articles filed under Residential Real Estate

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  • Neighborhood profile features Lexington Hills Oct 10, 2014 12:01 AM
    The Summit model impresses visitors at Lexington Hills, a new community of 46 luxury townhouses that resides in a natural, country-like setting in Palatine. The development by Lexington Homes offers three floor plans with three bedrooms, 2½ baths, basement and two-car garage.

     
  • 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.

     
  • Buyers today want a home that matches their lifestyle Oct 6, 2014 10:54 AM
    When purchasing a new home, people today have diverse ideas of where and how they want to live, and it may not be the home and neighborhood of their grandparents. For example, a buyer’s top priority may be finding a low-maintenance townhouse or condominium in a downtown setting, or an active-adult community for seniors.

     
  • Changing a tween’s bedroom is likely to be a balancing act Oct 6, 2014 10:51 AM
    Decorating a baby’s room is all about what mom and dad want. But decorating a bedroom for a “tween-age” child is more complicated.

     
  • An electric fireplace may be a cheaper, greener alternative Oct 6, 2014 10:53 AM
    When a typical homeowner pictures a fireplace, they will usually imagine a wood-burning or natural gas-burning fireplace. However, there is a third option: an electronic fireplace.

     
  • Parents feeding U.S. housing recovery with aid to buyers Sep 28, 2014 6:14 AM
    he Bank of Mom and Dad is playing a growing role as lender of last resort for a housing recovery struggling to provide more traction for the U.S. economy. Last year, 27 percent of those purchasing a home for the first time received a cash gift from relatives or friends to come up with a down payment,

     
  • ComEd smart meters coming to Schaumburg Sep 28, 2014 4:31 PM
    The village of Schaumburg is informing residents that ComEd representatives are scheduled to begin installing smart meters in the Schaumburg area in November as part of a $2.6 billion infrastructure investment to modernize its grid. A smart meter is a digital electric meter that uses two-way radio communications to collect usage information and securely transmits it to ComEd through a wireless connection.

     
  • Black lights can enhance Halloween decor Sep 27, 2014 6:00 AM
    Creating a spooky atmosphere when decorating for Halloween is the ultimate goal. People will go to great lengths to establish film-worthy special effects and ghoulish details. Using black lights when decorating can cast an ominous glow and establish the desired atmosphere.

     
  • Libertyville design firm featured on HGTV.com Sep 26, 2014 12:01 AM
    Award-winning design professional Joan Suzio, owner of the Decorating Den Interiors franchise of Libertyville, has two room makeovers featured on HGTV.com’s Designer Showcase.

     
  • Kitchens are the heart of the home Sep 26, 2014 12:01 AM
    Several years ago when the walls came down, the open floor plan took off and home designs continue to cater to our more relaxed, busy lifestyles. Combining the kitchen and adjacent living areas into a large open gathering space fosters togetherness.

     
  • Historic Schweikher House tours on Oct. 11 Sep 26, 2014 5:56 PM
    The Schweikher House Preservation Trust invites the public to tour the 1938 Paul Schweikher home and studio, a Modernist home listed on the National Register of Historic Places and one of the top 150 architectural sites in Illinois. Forty-minute guided tours of the house, studio and grounds will be offered on Saturday, Oct. 11.

     
  • Cary affordable housing project moves ahead despite opposition Sep 25, 2014 9:12 PM
    An $18 million affordable housing project in Cary is moving forward after the village board approved Pedcor Investments’ planned 60-unit apartment complex targeted for a 4.5-acre lot at the northeast corner of First and Pearl streets. But opposition remains strong. “This places a high-level burden on the taxpayers of Cary, and enough is enough,” an opponent said.

     
  • Elgin council favors 45 apartments for Tower Building Sep 25, 2014 5:42 AM
    The city of Elgin is planning to contribute $4.7 million to the redevelopment of the iconic downtown Elgin Tower Building into 45 market-rate apartments. The city council's committee of the whole agreed to the development agreement. “I'm really excited to see us redeveloping this property,” Councilwoman Tish Powell said.

     
  • Tycoon’s $85M Beverly Hills home targets ultra-rich Sep 22, 2014 8:18 AM
    The eight-bedroom, 15-bath Beverly Hills, California, mansion has $5,600 toilets, a wall of caramel onyx and an 18-seat screening room with doors clad in Italian lizard skin. Asking price: $85 million. Rapper Jay Z has taken two tours of the hillside aerie with views that sweep from downtown Los Angeles to the Pacific Ocean. The estate was developed by Bruce Makowsky, who made his fortune selling handbags through department stores and the QVC television channel.

     
  • A seven-step program for furniture rehab Sep 20, 2014 12:01 AM
    Choosing furniture to refurbish, or “upcycle,” as it’s known in the DIY world, is an imprecise science. Typically, Kelly Millspaugh Thompson knows right away whether an item is right for her, and she has enough experience to see potential in the most intimidating pieces.

     
  • Listing of the week Sep 19, 2014 12:01 AM
    Old-fashioned character abounds in this lovely “Old Town Carpentersville” Cape Cod-style home, built in 1913. Just over a century ago, its builder had his pick of locations in that fledgling town, so you can be sure this is a prime lot.

     
  • Large, luxury custom homes remain as popular as ever Sep 19, 2014 12:01 AM
    While most people living in the Chicago area don’t own a mansion worth millions of dollars, there’s no reason homebuyers can’t have a smaller slice of the pie. Those who can afford large luxury homes have always been attracted to them. And, if history offers an indication of the future, beautiful homes in ideal locations will always draw homebuyers, builders say.

     
  • Household wealth increases in U.S. Sep 18, 2014 1:59 PM
    Household wealth in the U.S. climbed in the second quarter, reflecting stock-market gains that are mostly benefiting upper-income Americans. Net worth for households and non-profit groups increased by $1.39 trillion from April through June, or 1.7 percent from the previous three months, to $81.5 trillion, the Federal Reserve’s financial accounts report showed today in Washington. The Standard & Poor’s 500 Index’s longest streak of quarterly gains since 1998 combined with home-price appreciation helped to bolster Americans’ finances last quarter. A strengthening job market also is giving households the means to sustain their purchases, which make up about 70 percent of the economy. “Things are getting better for households,” said Paul Edelstein, director of U.S. financial economics at IHS Global Insight in Lexington, Massachusetts. “Consumers are getting a little more optimistic, a little more willing to take on debt.” The value of financial assets owned by American households, including stocks and pension-fund holdings, increased by $1.27 trillion in the second quarter, today’s Fed report showed. The S&P 500 index completed a sixth quarterly gain in the April through June period, climbing 4.7 percent. The gauge has advanced further since then. Household real-estate assets climbed by $202 billion, according to today’s flow of funds data. Owners’ equity as a share of total household real-estate holdings increased to 53.6 percent last quarter from 53.2 percent in the previous three months. A cooling housing market may limit the gains in household wealth. The S&P/Case-Shiller index of property values rose 8.1 percent in the year ended in June, the smallest 12-month increase since January 2013, an Aug. 26 report from the group showed. A strengthening labor market will help provide an offset. Unemployment in August fell to 6.1 percent, matching the lowest level since September 2008. Monthly payrolls have grown an average 215,000 so far this year, up from 197,000 for the same period in 2013. Gains in household wealth are giving Americans more confidence to borrow, today’s flow of funds report showed. Household debt increased at a 3.6 percent annualized rate from April through June. Consumer credit, including auto and student loans, climbed at an 8.1 percent pace, while mortgage borrowing increased at a 0.4 percent rate. Some of the wealth is going toward vehicle purchases. Sales of cars and light trucks rose to a 17.5 million annualized rate in August, the highest since January 2006, from a 16.4 million pace a month earlier, according to data from Ward’s Automotive Group. Today’s report also showed that total non-financial debt advanced at a 3.8 percent annualized pace last quarter, with a 6.3 percent gain in business borrowing. State and local government debt increased at a 1.2 percent pace and obligations of federal agencies climbed 2.5 percent. Household net worth also is getting help from the Federal Reserve’s accommodative stance. Policy makers, who finished a two-day meeting yesterday, maintained a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed, saying the economy is expanding at a moderate pace and inflation is below its goal.

     
  • Emmanuel House helps refugees find a true home in Aurora Sep 16, 2014 3:58 PM
    Imaad Hasan was grateful he and his family were safe in Aurora, far from the turmoil of war in Iraq. But he yearned for the stability of owning a house. "Emmanuel House gave me the dream," he said, in the house he purchased in 2010 through the program. Emmanuel House organizers say homeownership is one of the ways to break the cycle of working-class poverty, and helps people accumulate the money and financial education to do so.

     
  • 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.”

     
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