Articles filed under Real Estate
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New law requires HOAs to adopt, follow collection policyJul 22, 2026 5:49 pm - Illinois Senate Bill 3527 requires condo and community associations to adopt written collection policies before pursuing legal action. It is expected to go into effect Jan. 1, 2027.
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Former Motorola building saved from demolition proposed for residential use in SchaumburgJul 22, 2026 3:56 pm - The residential conversion of the last Motorola office building left in Schaumburg’s 225-acre Veridian development will be just the start of about $1 billion worth of further work on the former corporate campus suggested to village trustees Tuesday.
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Palatine multifamily buildings sell for $5.85 millionJul 22, 2026 1:19 pm - A five-building, 30-unit multifamily complex in Palatine was sold for $5.85 million, the firm that brokered the deal announced Wednesday.
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South Elgin trustees make it clear they don’t support data center planJul 22, 2026 11:12 am - South Elgin village leaders have no problem if a developer wants to submit plans to annex land for data center at Kenyon Road and Route 25 but board members made it clear Monday night that it’s a project that’s unlikely to win trustee approval.
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The U.S. homeownership rate may not be as high as you thinkJul 22, 2026 10:49 am - Americans often think of homeownership as both a goal and a norm — after all, the U.S. homeownership rate is 65%, and as high as 75% in some states. But one Federal Reserve economist says that we’ve been measuring homeownership the wrong way and that U.S. adults are about as likely to rent or live in someone else’s home as they are to own their own.
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Prospect Heights zoning board to review proposed new hangars at Chicago Executive AirportJul 21, 2026 5:15 pm - New York-based Sky Harbour’s proposal for seven new hangars at Chicago Executive Airport will go before Prospect Heights’ planning and zoning board of appeals at 7 p.m. Wednesday for review and recommendation.
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Vote on $11M contract to renovate old bank building in downtown Des Plaines delayedJul 21, 2026 2:45 pm - A Chicago construction company is in line for an $11 million contract to renovate a historic bank building in downtown Des Plaines.
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Renovation of South Grove building in downtown Elgin ahead of scheduleJul 21, 2026 2:39 pm - The developer renovating a dilapidated downtown Elgin building at 61-65 S. Grove Ave. says the project is ahead of schedule and should be done by next summer.
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Bartlett to host open house Wednesday on proposed Lake Street gateway developmentJul 20, 2026 10:06 am - Bartlett officials are inviting residents to an open house on current plans to create a 63-acre commercial and residential development at the village’s northeastern gateway on Lake Street from 7 to 9 p.m. Wednesday, July 22, at village hall, 228 S. Main St.
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At NFL Draft-style lottery, potential homebuyers get chance at ‘Elk Grove dream’Jul 18, 2026 6:14 pm - Elk Grove Village officials and a developer held an unprecedented “NFL Draft-style” lottery Saturday where 10 local families got first dibs to purchase new single-family homes priced below market rates.