Articles filed under Real Estate
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When business owners become real estate investorsJul 26, 2025 12:53 pm - A common story in Chicago-area commercial real estate, where a strong network of privately held and family-owned businesses has long been a backbone of the economy, is real estate becomes a natural next move as these business owners exit or evolve.
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Custom homebuilder plans subdivision near Naperville’s Clow Creek GreenwayJul 23, 2025 6:39 pm - A custom homebuilder plans to develop more than a dozen houses just down the road from a pair of Naperville churches.
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Average long-term U.S. mortgage rate rises to 6.75%, second straight uptickJul 23, 2025 3:43 pm - The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.
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Home sales fade in June as national median sales price hits an all-time high of $435,300Jul 23, 2025 3:38 pm - Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels.
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Demolition of massive former Sears HQ in Hoffman Estates reaches completionJul 23, 2025 3:26 pm - Just under a year after it began, structural demolition of the 2.4-million-square-foot Sears headquarters in Hoffman Estates ended Tuesday with the final stairwell of the east parking garage coming down.
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Community association proposes buyer fee changesJul 23, 2025 1:15 pm - A community association wants to change its declaration to establish a buyer/new member fee based on a percentage of the gross selling price, in addition to an existing seller resale fee.
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‘The Khayat touch’: Former Gurnee Holiday Inn being renovated and converted to apartments, boutique roomsJul 23, 2025 9:15 am - Khayat Enterprises, well known in Lake County, is in the midst of its of largest venture yet — the renovation and conversion of the former Holiday Inn in Gurnee to Ten Hotel Convention Center and Residences.
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New Schaumburg Starbucks to open west of Veridian development Thursday morningJul 22, 2025 4:37 pm - A long-anticipated 2,000-square-foot Starbucks with a drive-through and an outdoor patio will open in Schaumburg Thursday at its regular daily starting time of 4:30 a.m.
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Sweet Basil Cafe in Hanover Park abruptly closes, leaving chain’s last location in SkokieJul 21, 2025 4:31 pm - Sweet Basil Cafe opened its seventh Illinois location in Hanover Park 15 months ago, but with its recent abrupt closure only one in Skokie remains.
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Why Wheeling could get a new, multimillion-dollar aquatic centerJul 21, 2025 2:26 pm - Wheeling Park District officials are considering constructing a new, multimillion-dollar aquatic center.