Monthly Archives: April 2015

U.S. Senator Dick Durbin (D-IL) today urged members of the Senate Committee on Commerce, Science and Transportation to include several Illinois priorities in their Passenger Rail Reauthorization legislation. Durbin also raised several significant concerns regarding related legislation passed by the House of Representatives earlier this year that would have a significant impact on Illinois’ passenger rail system

Today, Congresswoman Cheri Bustos (IL-17), Congresswoman Tammy Duckworth (IL-8) and Congressman Dave Loebsack (IA-2) joined together to introduce the Make It At Home Act, a common sense bill that would help increase workload at our nation’s arsenals, including the Rock Island Arsenal. The bill directs the Department of Defense (DOD) to submit to Congress a report on sole-sourced equipment that is currently purchased from foreign companies that could be manufactured in arsenals or depots in the U.S.

Luxury homes sold at a faster pace during the first quarter of 2015, January through March, than they did a year earlier in the seven-county metropolitan Chicago real estate market. Transaction activity was 16 percent higher for the period, with luxury home sales totaling 378 units. Luxury properties sold during the quarter were also finding buyers more quickly, requiring an average of just 144 days, compared to 158 days during the same period last year, according to the RE/MAX Luxury Report on Metro Chicago Real Estate

U.S. Senator Dick Durbin (D-IL) announced today that the City of Quincy, Illinois has received a $1,100,000 grant through the U.S. Department of Transportation’s (DOT) Federal Aviation Administration for infrastructure improvements and upgrades at Quincy Regional-Baldwin Field Airport. This grant will be used to construct a new taxiway, assisting the airport in meeting new design and safety standards, and improving access to the airfield for employers and economic drivers in the region

Congressman John Shimkus (R, Illinois-15) sent a letter to the Federal Energy Regulatory Commission (FERC) today questioning this month’s Midcontinent Independent System Operator (MISO) planning resource auction that resulted in significantly higher electricity capacity prices for central and southern Illinois. Congressmen Mike Bost (R, Illinois-12) and Rodney Davis (R, Illinois-13) joined Shimkus on the letter

One year after the unveiling of the new International Terminal 5 at Chicago O’Hare International Airport (a $26 million transformation by Westfield that features a reconfigured environment, a more-efficient TSA checkpoint and 24 sophisticated dining and retail destinations), sales are reaching record highs. They are up by roughly 70 percent since redevelopment began in 2011, according to city data. Last year total sales exceeded $43 million, generating approximately $6.5 million in revenue for Chicago, more than double the 2010 revenue. The terminal was built in 1993.

WASHINGTON, D.C. - April 24, 2015 - (RealEstateRama) -- U.S. Representative Bobby L. Rush (D-Ill.) led the Energy & Commerce Subcommittee on Energy...

The Illinois spring housing market got off to a strong start in March with sharp gains in year-over-year home sales and median prices, according to the Illinois Association of REALTORS®.

The Illinois Department of Transportation, in conjunction with the Illinois Capital Development Board, announced today the start of a series of listening sessions over the next month to discuss the state’s infrastructure needs and the steps required to make sure the right investments are being made to keep Illinois competitive in a 21st century global economy. The meetings will be held in multiple communities throughout the state, with a goal of presenting Governor Rauner’s office with a comprehensive package of recommendations for consideration this spring

U.S. Representative Bobby L. Rush (D-Ill.) spoke on the House Floor this afternoon in support of S. 535. The Energy Efficiency Improvement Act of 2015 is a bipartisan energy bill to conserve energy, save Americans money and create jobs. Below is a transcript of Rush’s remarks and a link to the video.

U.S. Sen. Dick Durbin (D-IL) announced today that both the U.S. Department of Housing and Urban Development (HUD) and the Department of Veterans Affairs (VA) have awarded a total of $674,639 in grants and vouchers to communities across Illinois that will be used to expand supportive services and housing for veterans in Illinois.

Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 211,500-square-foot industrial space lease renewal and expansion located at 6750 Daniel Burnham Dr. in Portage, Ind.

U.S. Representatives Randy Hultgren (IL-14) today supported House passage of a bill he cosponsored, H.R. 1105, the Death Tax Repeal Act of 2015, which permanently repeals the estate, or “death,” tax on family-owned farms and businesses.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction single tenant triple net leased Walgreens property located at the southwest corner of 95th Street and Southwest Highway in Oak Lawn, Illinois for $10,700,000.

The U.S. Environmental Protection Agency and the City of Alton will hold a free public seminar, “Balancing Energy Efficiency with Historic Preservation,” from 7 to 9 p.m. on Thursday, April 16, at the Old Bakery Beer Company, 400 Landmarks Blvd., Alton, Illinois