Articles filed under Commercial Real Estate
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Other local governments endorse Schaumburg tax incentive to redevelop unincorporated homesOct 13, 2025 4:57 pm - Other affected local governments Monday endorsed Schaumburg’s use of a fourth tax increment financing (TIF) district to fund public improvements associated with a project to redevelop 19 unincorporated homes into a pair of industrial buildings in the village’s southwest corner.
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‘A blank slate:’ Clearing the way for redevelopment at former Spring Hill Mall siteOct 12, 2025 7:11 pm - Piles of rubble are all that remain of the former Spring Hill Mall, which straddles West Dundee and Carpentersville. Demolition work is expected to be complete by the end of the month.
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‘This can rock the whole town’: Algonquin approves downtown entertainment venueOct 12, 2025 10:10 am - A new live entertainment venue is coming to Algonquin’s downtown — a business that neighboring property owners said could transform the area into a “destination place.”
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Randhurst Village up for sale, in deal that could fetch $100 millionOct 10, 2025 5:21 pm - The 94-acre Randhurst Village shopping center in Mount Prospect is up for sale, and could potentially fetch up to $100 million, officials said.
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Andy’s Frozen Custard slated to open in Bloomingdale next yearOct 09, 2025 4:19 pm - An Andy’s Frozen Custard plans to open on Lake Street in Bloomingdale, the village has announced amid peak pumpkin pie concrete season.
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Eyeing redevelopment, Des Plaines agrees to purchase downtown building for $1.1 millionOct 07, 2025 6:35 pm - Des Plaines officials ended an often frustrating fight with the owners of a vacant downtown building Monday by buying the property.
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‘It’s going to dress it up’: Zesty mural proposed for Cinergy Cinemas building in WheelingOct 07, 2025 12:15 pm - Wheeling officials and Cinergy Cinemas are teaming up to add some spice — and more than a little color — to the Wheeling Town Center complex.
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Schaumburg seeking third TIF district to spur redevelopment in town’s southwest cornerOct 03, 2025 4:55 pm - Schaumburg officials are seeking input from leaders of other local government agencies, including school and park districts, on a proposal for a third tax increment financing district to spur industrial redevelopment in the village’s southwest corner.
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Des Plaines set to buy long-closed downtown restaurant building for $1.1 millionOct 03, 2025 4:23 pm - Des Plaines is slated to spend $1.1 million for a long-vacant restaurant building in the downtown area.
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Costco Business Center proposed for Des Plaines office parkOct 01, 2025 4:06 pm - A 137,000-square-foot Costco Business Center and a Costco-branded gas station have been proposed for Des Plaines’ southeast side.