Articles filed under Commercial Real Estate
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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 ...
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Longtime Elk Grove pizzeria wants ‘fair’ deal in buyout talks with villageJan 25, 2024 6:32 pm - The longtime owner of an Elk Grove Village pizzeria was caught off guard when she learned village officials were buying the building where she rents space, with plans to ...
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Lisle restaurant owner looks to revive corner of Ogden, MainJan 19, 2024 5:59 pm - The gateway to downtown Lisle features a boarded-up strip mall on one corner and a semi-vacant building on the other. Rob Salerno, who owns two Lisle restaurants, has pla...
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Buffalo Grove commits $11 million to Rohrman property redevelopmentJan 18, 2024 6:21 am - Buffalo Grove village board members agreed Tuesday to commit $11 million in tax increment financing funding to the redevelopment of the former Rohrman auto dealership pro...
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Inland Real Estate Investment Corp. President/CEO Mitchell Sabshon to retire; Keith Lampi appointed successorJan 17, 2024 9:17 am - Oak Brook-based Inland Real Estate Investment Corporation’s President/CEO Mitchell A. Sabshon is retiring from his posts and as director of Inland Investments effective F...
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Vasco’s Peri Peri restaurant franchise coming to Prospect HeightsJan 16, 2024 7:54 pm - A new location of the expanding Schaumburg-based Vasco’s Peri Peri restaurant is expected to open later this year in a renovated strip mall space on Rand Road in Prospect...
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How data centers became the newest growth industry in the suburbsJan 14, 2024 6:00 am - When the restructured Transformco put its former Sears corporate campus in Hoffman Estates on the market two years ago, much head-scratching and debate followed over how ...
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Radical course: What two villages are doing to transform beleaguered mall propertiesJan 13, 2024 5:24 pm - A year before West Dundee officials bought a shuttered Sears, a developer wanted the building for an indoor paintball park. The developer was close to inking a deal with ...