Articles filed under Commercial Real Estate
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Roof fire at Schaumburg IKEA causes brief evacuation
Nov 24, 2020 5:45 PM - No injuries were reported after fire broke out early Tuesday afternoon on the roof of Schaumburg's IKEA store, leading to a two-hour evacuation of the business. -
Downers Grove approves plan to expand Tivoli Theatre
Nov 24, 2020 5:00 AM - The Tivoli Theatre received permission from Downers Grove to build a 32-seat theater into a vacant storefront to the west of its main entrance at 5201 Highland Ave. Classic Cinemas co-CEO Chris Johnson expects construction to last eight weeks. -
Developer scales back plans for massive downtown Arlington Heights project
Nov 24, 2020 5:15 AM - Developers of the massive proposed Arlington 425 development in downtown Arlington Heights -- which has stalled to this point -- are scaling down their plans to make the project more economically feasible, officials said. -
Naperville panel requests timeline, additional details for CityGate West plans
Nov 19, 2020 5:28 PM - A proposed $200 million art-inspired campus proposed in northwest Naperville has the potential to flourish as a premier mixed-use destination, planning and zoning commissioners said, but a lack of detail in the developer's proposal prompted them to hit the pause button. -
Sears demolition will be first step in $250 million Hawthorn Mall makeover
Nov 19, 2020 9:56 AM - The demolition of the former Sears anchor store at Hawthorn Mall will be the first visible sign of a planned $250 million remake of the Vernon Hills shopping center. -
Schaumburg reduces size requirement, clarifies other rules for gambling cafes
Nov 19, 2020 9:50 AM - Schaumburg officials overturned the village's long-standing ban on video gambling last year, and now are preparing to permit video gambling cafes in 2021. -
Vacant Sears at Fox Valley Mall could become apartment buildings
Nov 19, 2020 6:01 AM - The vacant Sears store at Fox Valley Mall in Aurora may soon be no more, as Aurora officials favor a plan to knock it down and put three apartment buildings there. -
Schaumburg looking at ways to reduce commercial vacancies along Golf Road
Nov 18, 2020 6:58 AM - Though Golf Road remains Schaumburg's primary commercial corridor, a 10-year high in its vacancy rate that was reached last December has inspired village officials to consider different standards to strengthen the economic power of those 3.8 miles. -
Round Lake Beach approves $6.2 million sales tax incentiveNov 17, 2020 8:20 PM - Round Lake Beach approves $6.2 million sales tax sharing agreement to revive a shopping center and land a new grocery store.
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Arlington Heights endorses tax break to fill office spaceNov 17, 2020 5:44 PM - With more of the suburban workforce logging on from home and office spaces growing ever more empty, Arlington Heights officials have endorsed a tax break for a company that plans to move into one of those vacant workspaces.
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