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Senate Passes Long-Term Transportation Investment Bill with Kirk Priorities for Illinois

U.S. Senator Mark Kirk (R-Ill.) today helped pass long-term highway and rail bill that invests $6.3 billion in Illinois highways and transit systems over the next three years and includes Kirk-authored legislation to reform and reauthorize the Export-Import Bank and open access to low-interest financing for freight and passenger rail projects.

The Boulder Group Arranges Sale of Net Leased Starbucks Property Located in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 7101 South Stony Island Avenue in Chicago, IL for $1,460,000.

RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Residential Market Moved at...

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

Durbin Announces $1.1 Million Investment In Quincy Airport

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

The Boulder Group Arranges Net Leased Walgreens Transaction for $10.7 Million in the Chicago...

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.

Mayor Emanuel And Sprint Announce More Than 300 Jobs And Major Infrastructure Investment Coming...

Mayor Rahm Emanuel and Sprint (NYSE:S) today announced a series of investments in Chicago that will bring jobs and infrastructure investments to the city over the next two years. This investment plan – known as Sprint® for Chicago – will bring more than 300 new jobs to neighborhoods throughout Chicago by the end of 2015 and includes the installation of hundreds of new cell sites and an expected investment of $45 million in its network infrastructure between now and the end of 2016.

Hultgren Supports Tax Credit for Local Short Line Freight Railroads

U.S. Representative Randy Hultgren (IL-14) has cosponsored the Short Line Railroad Rehabilitation and Investment Act of 2015 (H.R. 721), which extends a tax credit of 50 cents for every dollar spent on track improvements, leveraging private sector investment into Illinois and national infrastructure.

CHA CEO MICHAEL MERCHANT ANNOUNCES NEXT PHASE OF REDEVELOPMENT AT ALTGELD GARDENS

Chicago Housing Authority announced today it is set to begin the next phase of renovations for Altgeld Gardens –Murray Homes Development on the city’s Far South Side. CHA is in the midst of multi-phased rehab of the housing development that will improve housing options for thousands of families. This is part of CHA’s plan to invest $240M in 2015 to build affordable housing units across the City on top of the $135M spent last year to develop affordable housing for low-income families and seniors.

The Boulder Group Arranges Sale of a Net Leased Bank of America Property in...

Northbrook, IL - October 1, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a single tenant Bank of America located at 2163 North Clybourn Avenue in the Lincoln Park neighborhood of Chicago, Illinois for $6,940,000.

Congresswoman Cheri Bustos Applauds Major BNSF Rail Investment In Knox, Rock Island Counties

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- Today, Congresswoman Cheri Bustos (IL-17), a member of the House Transportation and Infrastructure Committee, released the following statement applauding BNSF’s recent decision to invest $145 million in improving and expanding Illinois rail capacity. This investment includes extending three departure tracks at the Galesburg Yard to a length of 10,000 feet each and construction of new siding 7,600 feet long between Barstow and Hillsdale

The Boulder Group Arranges Sale of a Net Leased Kroger Property in Ottawa, Illinois

Northbrook, IL - September 18, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Kroger property located at 2701 Columbus Street in Ottawa, Illinois for $2,712,000

Governor Quinn Announces $5 Million Investment to Help Military Families Afford Homeownership

CHICAGO, IL - May 27, 2013 - (RealEstateRama) -- To honor military families this Memorial Day, Governor Pat Quinn today announced the investment of an additional $5 million in state capital funds to increase affordable homeownership opportunities under the Welcome Home Heroes program. The initiative is part of Governor Quinn’s commitment to help Illinois’ military families transition to civilian life, and to strengthen and stabilize communities by making homeownership more affordable

Stage Equity Partners Acquires 52,000 sf Medical Office Complex in Prime Chicago Suburb

CHICAGO, IL - May 17, 2013 - (RealEstateRama) -- Chicago-based healthcare real estate investment company Stage Equity Partners LLC (“Stage”) announced the recent acquisition of a 52,126 square foot medical office complex in Elk Grove Village, a northwest suburb of Chicago. According to Stage President and Founder Brian Howard, the complex of four single-story interconnected buildings called Woodland Square was acquired in a direct off-market transaction from a local family partnership at approximately $138 per square foot. The complex is located in the heart of the Alexian Brothers Medical Center campus, directly across the street from the 387-bed flagship hospital for the Alexian Brothers Health System (owned by Ascension Health)

Congresswoman Cheri Bustos Introduces Invest In American Jobs Act To Revitalize American Manufacturing Through...

WASHINGTON, D.C. - March 5, 2013 - (RealEstateRama) -- Today, Congresswoman Cheri Bustos (IL-17), along with other members of the U.S. House of Representatives Transportation and Infrastructure Committee, introduced The Invest In American Jobs Act Of 2013. This bill would create American jobs and revitalize American manufacturing by strengthening the Buy America requirements for transportation and infrastructure projects.

ATTORNEY GENERAL MADIGAN COMMITS $70 MILLION TO HELP ILLINOIS HOMEOWNERS, COMMUNITIES HIT BY FORECLOSURE...

Chicago, IL - December 24, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced she has designated up to $70 million of funding from the national foreclosure settlement for housing counseling services and relief efforts for Illinois communities fraught with vacant and abandoned properties that have been hardest hit by foreclosure

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Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

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CHA Board approves loans for co-located housing and Chicago Public Library...

The Chicago Housing Authority Board of Commissioners on Tuesday approved loans for two developments that will expand affordable housing opportunities in North Side communities that include co-located Chicago Public Library (CPL) branches in Irving Park and West Ridge and investment in developments that will expand housing opportunities in neighborhoods across Chicago

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Quigley Fights to Expand Affordable Housing and Protect Vital Infrastructure Investments

Today, U.S. Representative Mike Quigley (IL-05) fought to expand federal housing assistance and protect funding and eligibility for vital infrastructure programs that improve the economy and support local communities, including projects in Chicago and Cook County. His efforts come as the House Appropriations Committee considers the FY15 Transportation, Housing and Urban Development (THUD) Appropriations bill Fisher Investments Jay Carlson