Articles filed under Commercial Real Estate
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Cook County’s tax delay exposes Illinois’ worsening business environmentNov 22, 2025 1:30 pm - Chicago’s and Cook County’s tax bases are eroding. The cost of the government keeps climbing.The biggest weak point is in the business sector. Commercial property values in the Loop fell by 7.2% during the past year. The taxes their owners will pay dropped by more than $129 million.
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The Biz Week That Was: Obstetric unit vote, New housing developments and a luxury car clubNov 22, 2025 1:20 pm - State board approves closing of Alexian Brothers obstetric unit, with a less than ringing endorsement The Illinois Health Facilities and Services Review Board Tuesda...
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‘Industry has been at this site’: Naperville panel endorses data center plansNov 20, 2025 1:42 pm - After a series of marathon meetings packed with project opponents, Naperville’s plan commission has recommended approval of a controversial proposal to build a data center on the north side of the city.
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Compass and Zillow take private-listing feud to New York courtroomNov 19, 2025 6:20 pm - Two heavyweights in the US residential real estate market, Compass Inc. and Zillow Inc., face off in a New York courtroom this week in a legal battle that could reshape the future of how homes are marketed and sold in the country.
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Schaumburg to host public information meeting Thursday for Meacham Road pedestrian bridgeNov 17, 2025 8:20 pm - Schaumburg officials will host a public information meeting Thursday evening to provide details about a long-planned pedestrian bridge over Meacham Road, connecting the convention center and entertainment district on the east side with the Veridian development on the west.
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Chicago Loop commercial property values drop 7.2% amid vacanciesNov 17, 2025 1:58 pm - Commercial property values in Chicago’s Loop, the city’s central district of skyscrapers, financial firms and offices that drives much of its economy, dropped by about 7.2% last year amid lower sale prices and vacancies, according to a report Monday from the county treasurer.
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Should commercial properties be inspected?Nov 17, 2025 1:22 pm - I've made a purchase offer on a four-unit commercial property. Do investors typically hire home inspectors for this kind of property?
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When will Amazon Fresh store open in Buffalo Grove? Nobody knowsNov 12, 2025 8:10 am - Buffalo Grove officials said it is unclear when the much anticipated Amazon Fresh store at The Clove development will open.
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I-88 or 5th Avenue? Naperville to decide which area will be focus of new studyNov 11, 2025 6:49 pm - Naperville will set aside $150,000 in next year’s budget for initiating one in-depth study focused on a large-scale redevelopment area in the city. But the city council has yet to decide which area to prioritize: the I-88 corridor or the properties around Naperville’s 5th Avenue Metra station.
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Schaumburg holding hearing on new TIF district to support redevelopment near Wintrust FieldNov 06, 2025 7:44 pm - Schaumburg is holding a hearing at 7 p.m. Tuesday about plans to create a Tax Increment Financing District to assist redevelopment of residential properties into industrial land.
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