Articles filed under Commercial Real Estate
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Why the biggest changes to the suburban office market since the pandemic may arrive this yearFeb 01, 2025 1:51 pm - Suburban office vacancies hit all-time high in 2024. But some properties are thriving — here's their secret sauce.
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Evolving plan for prime downtown Libertyville property includes 91-unit apartment buildingJan 29, 2025 7:49 pm - A recommendation regarding plans for a proposed 91-unit apartment building near Libertyville's downtown Metra station has been delayed to allow developers time to address parking and other issues.
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The Clove sees its first residents; developer buys outlotsJan 27, 2025 5:25 pm - The Clove in Buffalo Grove is seeing its first tenants move. In addition, the developer, Kensington Development Partners, has bought the outlots formerly occupied by Burger King and Boston Market.
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The Biz Week That Was: Offices to apartments, major mall changes, and restaurant week are among the highlightsJan 26, 2025 5:53 am - Panel recommends Schaumburg’s first residential conversion of office space near Woodfield Schaumburg’s first formal proposal for the residential conversion of an off...
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St. Charles’ eastern gateway to get major boost with Fox Haven SquareJan 24, 2025 4:00 am - St. Charles has hit a potential home run with new development plans for the city’s east side. Officials say the new retail and restaurants planned for Fox Haven Square could transform the area near the former Charlestowne Mall.
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Panel recommends Schaumburg’s first residential conversion of office space near WoodfieldJan 23, 2025 6:06 pm - Schaumburg’s first formal proposal for the residential conversion of an office building got an 8-0 recommendation from the zoning board for a largely vacant five-story structure south of Woodfield Mall.
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Des Plaines to buy — and raze — two buildings on Lee StreetJan 22, 2025 6:35 pm - Des Plaines is spending $420,000 for two vacant buildings on Lee Street, with an eye toward tearing them down for redevelopment.
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Elk Grove Village acquiring Staples, former Aldi property for potential skating rinkJan 21, 2025 6:47 pm - Elk Grove Village is purchasing property with a still-operating Staples and vacant former Aldi for $4.5 million with hopes of turning it into a skating rink, pending buy-in from the neighboring Home Depot.
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New hangars proposed to replace Prospect Heights hotel at Chicago Executive AirportJan 21, 2025 1:28 pm - Plans are underway to demolish the shuttered Ramada Plaza by Wyndham Chicago North Shore hotel in Prospect Heights and incorporate its site into a network of eight hangars at Chicago Executive Airport proposed to be operated by the New York-based firm Sky Harbour.
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Batavia still assessing options for historic Tin Shop buildingJan 18, 2025 10:57 am - Batavia city officials this week could decide the fate of a 135-year-old building in the city’s downtown.