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Commercial Real Estate

Construction complete on Arlington Heights apartments

By Christopher Placek
Sep 21, 2018 5:00 PM - Construction is complete on a seven-story, 45-unit apartment building in downtown Arlington Heights, officials said this week, despite initial delays.
Mount Prospect closes deal on vacant Busse Triangle sites

By Steve Zalusky
Sep 20, 2018 4:07 PM - The long-deferred redevelopment of the Busse Triangle in downtown Mount Prospect is closer to reality now that the village board has approved the purchase of five parcels in the triangle for about $1.17 million.
Highland Park property sold for $4.1M

Daily Herald Report
Sep 20, 2018 11:44 AM - Marcus & Millichap, a commercial real estate investment services firm, announced the sale of a 3,408-square-foot net-leased property located at 2030 Skokie Valley Road in Highland Park.
Three new restaurants coming to Northwest Highway corridor in Palatine

By Bob Susnjara
Sep 20, 2018 6:18 AM - Palatine is on its way to getting three new Asian restaurants in the Northwest Highway corridor.
Why Naperville is pausing 5th Avenue redevelopment planning process

By Marie Wilson
Sep 19, 2018 7:06 AM - Discussions about redeveloping the 5th Avenue area near the train station north of downtown Naperville are taking a 30-day pause.
Chinese restaurant to replace former Easy Street Pub in Schaumburg

By Eric Peterson
Sep 18, 2018 4:02 PM - The Chinese restaurant Phat Phat is expected to open next spring in the century-old building that previously housed the Easy Street Pub in Schaumburg's historic district near Town Square.
Application Software Technology moving to Lisle office

Daily Herald Report
Sep 18, 2018 2:04 PM - Application Software Technology LLC is leasing 11,000 square feet of the 168,000 square foot, seven-story office property situated along I-88 in Lisle.
Millennials and downsizers find common housing ground in new suburban developments

Sep 18, 2018 7:17 AM - As millennials hit the pivotal age for starting families and reaching their earning potential, many are looking to the suburbs for more space, good public schools and a less hectic pace of life. At the same time, some older buyers are looking for a maintenance-free lifestyle closer to an active suburban downtown.
Bystronic to move HQ from Elgin to Hoffman Estates

By Eric Peterson
Sep 18, 2018 5:30 AM - Hoffman Estates officials Monday gave Elgin-based Bystronic Inc. the green light to move its North American headquarters to an 11-acre site on the north side of the Jane Addams Memorial Tollway, just west of the former AT&T corporate campus.
Thinking outside the big box: Construction trends in vacated retail space

Sep 17, 2018 11:07 AM - One trend we've noted across the country is retail brands revamping their in-store concepts and, at the same time, saving costs by downsizing.

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