Articles filed under Commercial Real Estate
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Why the suburbs need to start planning for Chicago’s ‘mansion tax’Feb 18, 2024 5:25 am - In nearby Chicago, city residents face a tax hike on their March 19 primary ballots, but there may even be implications for the suburbs. Chicago Mayor Brandon Johnson and...
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Mundelein mayor touts downtown redevelopment in State of the Village speechFeb 15, 2024 9:54 am - Mundelein Mayor Steve Lentz kicked off his latest State of the Village presentation this week by touting the downtown area’s continued redevelopment. That work includes t...
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Why an exotic car storage facility could be coming to South BarringtonFeb 13, 2024 2:18 pm - Editor’s note: The company behind this proposed facility is not the BeSpoke Motor Union that is planning to construct a luxury car storage business in Gilberts. Ferr...
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Starbucks with drive-through to replace former Escape Lounge in SchaumburgFeb 08, 2024 5:50 pm - Construction will begin in the spring on a 2,000-square-foot Starbucks with a drive-through that will replace the Escape Lounge & Sports Bar at 801 E. Algonquin Road in Schaumburg.
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Old Arlington Heights office building near Bears property demolished for redevelopmentFeb 07, 2024 7:04 pm - An old office building on the outskirts of the Arlington Park property met the same fate as the demolished racetrack buildings, with an eye toward the same property tax savings the Chicago Bears are trying to achieve.
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Redevelopment proposal would bring significant upgrades to prominent corner in downtown Lake ZurichFeb 06, 2024 6:23 pm - Lake Zurich officials unofficially have approved a proposal to buy, redevelop and enhance a prominent downtown corner property. Negotiations are ongoing with Wauconda-bas...
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Illinois Masonry Corp. switching Buffalo Grove locationsFeb 06, 2024 11:21 am - Illinois Masonry Corp. is moving from its current location at 1051 Commerce Court in Buffalo Grove to a 22,000-square-foot building at 1025 Busch Parkway in the same town...
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A time of change: Suburban office market adjusts as tenants downsize and shift to higher-end buildingsFeb 04, 2024 6:00 am - Despite bright spots including the Federal Aviation Administration’s relocation and Culligan’s expansion in Rosemont, the market for suburban office space continued to soften during the last months of 2023, new data shows.
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‘A game changer’: Bell Works Chicagoland in Hoffman Estates ready to add homesJan 28, 2024 7:47 am - While the commercial development of Bell Works Chicagoland in Hoffman Estates is continuing on pace in 2024, the year’s biggest milestone is expected to be the start of c...
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Developer to get $24.5 million from TIF for Elk Grove gateway corner projectJan 26, 2024 6:24 pm - Public funds will help pay a quarter of the costs of a $100 million transformation of the oldest shopping center in Elk Grove Village. Wingspan Development Group, chosen ...