Articles filed under Commercial Real Estate
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District 214 rejects developer’s $5.45 million bid for Arlington Heights Road siteNov 20, 2024 6:25 pm - A developer’s $5.45 million bid to buy the former Elk Grove Township Elementary District 59 headquarters on the south side of Arlington Heights — now the property of Northwest Suburban High School District 214 — was narrowly rejected by the latter district’s school board.
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Des Plaines’ purchase of historic bank building could be catalyst for downtown revitalizationNov 20, 2024 12:37 pm - The Des Plaines City Council’s decision to purchase the former Des Plaines State Bank building at 678 Lee St. and an adjacent parking area, for $1.89 million represents a risk.
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Ragu-maker Mizkan relocating North American headquarters from Mount Prospect to SchaumburgNov 19, 2024 1:58 pm - Mizkan America will be moving in 2025 from its current location at 1661 Feehanville Drive, in the Kensington Business Center, to the Woodfield Corporate Center complex, where it will occupy 50,349 square feet. The company will lease two floors atop 200 North Martingale and will operate within space on the ground floor at 150 North Martingale.
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Harley dealership in Rosemont entertainment district to make way for new restaurantNov 18, 2024 7:22 pm - Rosemont will buy a two-story brick building housing a Harley-Davidson dealership in the village entertainment district for $6 million, with plans to open a restaurant in its place by 2026.
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Could a transportation garage be in the future for DuPage County fairgrounds?Nov 16, 2024 1:00 pm - The DuPage County Board is considering putting a transportation complex — including a garage — on the fairgrounds property.
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MT Barrels in Schaumburg closes again after 2018 reprieveNov 12, 2024 2:20 pm - After bouncing back from a total shutdown in September 2018, MT Barrels Sports Bar and Entertainment in Schaumburg recently ended its extended life as a weekends-only venue.
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Rental townhouses proposed as another aspect of Hawthorn 2.0 redevelopmentNov 11, 2024 9:19 pm - A new residential element is being proposed as part of the ongoing transformation of the Hawthorn mall property in Vernon Hills.
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Finding the right partner: Lisle awaits proposal for Family Square Plaza redevelopmentNov 04, 2024 12:34 pm - Another developer is taking a look at the shuttered Family Square Plaza in downtown Lisle, village records show. According to village documents, Green State Credit Union, which owns the property at the southeast corner of Ogden Avenue and Main Street, accepted an offer from a Chicago-based developer on Oct. 8.
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Sears demolition continues even as Hoffman Estates site begins prep for Compass DatacentersNov 03, 2024 6:00 am - Though about a year remains to fully demolish Sears’ former 2.4 million-square-foot headquarters in Hoffman Estates, grading of some areas cleared since summertime has just begun to level the site for construction of five massive data centers — each more than a quarter-million square feet.
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Des Plaines set to buy downtown building for $1.9 millionNov 01, 2024 1:28 pm - Des Plaines is set to purchase a shuttered bank building in the downtown district for potential redevelopment.