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Commercial Real Estate

While Arlington 425 tries to obtain financing, trustees grant temporary project delay

By Christopher Placek
Jun 2, 2020 5:30 AM - Amid financial concerns, the developer of the massive Arlington 425 development on Monday received a 90-day extension on the Arlington Heights village board's approval a year ago that was due to expire in days.
Wheeling approves restaurant/retail development near Westin hotel

By Bob Susnjara
Jun 1, 2020 4:55 PM - A restaurant and retail complex proposal for the perimeter of the Westin Chicago North Shore in Wheeling has gained village board approval.
Schaumburg greenlights talks with potential entertainment district developer

By Eric Peterson
May 29, 2020 2:53 PM - Schaumburg trustees have given the go-ahead for the village's planned development of an entertainment district at the northeast corner of Meacham Road and the I-90 tollway to take further steps in the weeks ahead.
Amazon finds Schaumburg grocery market favorable, but unlikely to dominate it

By Eric Peterson
May 28, 2020 5:02 PM - Schaumburg officials say there's plenty of room in the local marketplace for a new Amazon grocery store and they don't believe its upcoming opening will significantly hurt the competition.
Lee & Associates brokers $1.8M land sale

May 28, 2020 12:55 PM - Lee & Associates has closed a $1.8 million sale of a 4.68 acre land site at the southwest corner of Tek Drive and Route 31 in Crystal Lake.
Amazon behind 'mystery' grocery store coming to Schaumburg

By Eric Peterson
May 27, 2020 4:12 PM - Amazon representatives confirmed Tuesday that the retail giant will be the operator of the nearly 43,000-square-foot grocery store opening in the former Babies R Us space in Schaumburg.
Request for second pot shop near Woodfield withdrawn

By Eric Peterson
May 26, 2020 9:23 PM - A request to locate a second recreational pot shop near Woodfield Mall -- in the Bar Louie building at Golf and Meacham roads -- was withdrawn Tuesday, ending its race with a competitor to prohibit the other under state law due to their proximity.
Despite economic slowdown, developer of Hoffman Estates 'metroburb' remains upbeat

By Eric Peterson
May 25, 2020 2:33 PM - The COVID-19 pandemic has had an undeniable impact on the market for office space, but it's one that could equally benefit the forthcoming Bell Works Chicagoland in Hoffman Estates once tenants begin signing leases, its developer said.
Pheasant Run entrance canopy collapses in storms

By Lauren Rohr
May 19, 2020 2:51 PM - A round of storms and heavy rain that rolled through the suburbs last weekend caused the collapse of the porte-cochere at the entrance of the shuttered Pheasant Run.
New grocery concept, Costco to enliven East Ogden in Naperville

By Marie Wilson
May 19, 2020 2:53 PM - A new grocery concept and the city's second Costco warehouse are set to bring new life to the East Ogden Avenue corridor in Naperville.

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