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Single Tenant Net Leased PNC Bank Property Sold in the Chicago MSA by The...

Northbrook, IL - May 19, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased PNC Bank property located at 5745 Northwest Highway in Crystal Lake for $2,675,700. The 3,216 square foot building is fully leased on a long term basis to the investment grade rated bank.

State Invests $6.2M in Federal Stimulus Funds to Build Supportive Housing for Young Parents

CHICAGO, IL - April 26, 2011 - (RealEstateRama) -- Forty units of permanent supportive housing for formerly homeless young parents will be built in Chicago as a result of the financial investment of the Illinois Housing Development Authority (IHDA). IHDA Executive Director Mary R. Kenney today joined Mayor Richard M. Daley and other local officials to celebrate the groundbreaking of the Transformation Project apartments at 5353 W. Chicago Ave. in the Austin neighborhood.

Global Direct Real Estate Investment Volumes Constrained by Product Availability in Third Quarter 2010

CHICAGO, LONDON, SINGAPORE - October 21, 2010 - (RealEstateRama) -- New research from Jones Lang LaSalle reveals that preliminary global direct commercial real estate investment volumes totalled US$69 billion in the third quarter of 2010. This level is similar to the second quarter of 2010 and indicates that the recovery in investment activity seen in the previous four quarters has levelled off. Direct commercial real estate investment volumes in the first three quarters of this year have reached US$202 billion compared to the US$139 billion transacted over the same period of 2009. Jones Lang LaSalle expects volumes for the full year to reach US$280 to 290 billion

Governor Quinn Announces State Investment in New Housing for Homeless Veterans

CHICAGO, IL - October 18, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced a $4 million state investment to help build a housing development that will provide quality, affordable apartments and supportive services for 80 Veterans who are homeless. Approximately 75 jobs will be created during the construction of Hope Manor Apartments in Chicago

Businesses Honored for Contributions to Lower-Income Communities

Chicago, IL - August 20, 2008 - (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community...

JACKSON AND DALEY STRESS FORECLOSURE PREVENTION IN CHICAGO

HUD Secretary and Mayor encourage at-risk homeowners to attend city's "Borrower Outreach Day"  CHICAGO - Foreclosure does not have to be inevitable. That was the...

Credit Crunch Shifts Emphasis to Top-Notch Management Skills for Driving Commercial Property Values, Says...

CHICAGO, Feb. 4 /PRNewswire-USNewswire/ -- "As the sub-prime mortgage crisis depresses the commercial credit market, which until recently had fueled soaring real estate investment...

Illinois Median Sale Price Off 1.5 Percent at $195,000 in October Chicago Median Price...

SPRINGFIELD, Ill., Nov. 28 /PRNewswire-USNewswire/ -- The median home sale prices rose or remained even in the majority of Illinois counties in October with...

Majestic Properties Launches A Nationwide Developer Tour Entitled: Global Property Showcase

On November 26, 2007, Global Property Showcase (GPS) will kick off a new exposition dedicated to bridging the gap between worldwide developers and consumers...

The Place/BV Student Housing Fund Announces Recent National Investments Worth Over $80 Million

ATLANTA and CHICAGO, Oct. 23 /PRNewswire/ -- The Place/BV Student Housing Fund, LLC, a real estate investment fund focused on the acquisition and development...

Marquette Bank Invests $4 Million in Its South Side Location

Renovated Main Bank building officially dedicated; Improvements to deliver conveniences and community resources to south side neighborhoods Plans also announced for new housing foundation serving...

Bridge Finance Group Provides $23.4 Million Funding Package to Help Madison-Kipp Corporation Expand Operations

CHICAGO, Oct. 10 /PRNewswire/ -- Bridge Finance Group announced the completion of a $12 million revolver, and an $8.4 million term loan/capital expenditure line...

The Chicago Spire Officially Launched

Global Sales Campaign to Launch in Chicago in January Followed by a 14-City World Tour CHICAGO, Sept. 27 /PRNewswire/ -- The Chicago Spire was officially...

Community Development Financial Institutions Program

The Community Development Financial Institutions (CDFI) Program was established by the Reigle Community Development and Regulatory Improvement Act of 1994 to use federal resources...

Treasury Secretary Paulson & CDFI Fund Director Reed to Announce FY 2007 CDFI Program...

Treasury Secretary Henry M. Paulson, Jr. will travel to Chicago Friday to discuss the importance of trade and investment for U.S. job creation and...

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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’s outstanding work in Section 3 program prompts HUD to waive...

The U.S. Department of Housing and Urban Development (HUD) has waived the final year of a five-year agreement with the Chicago Housing Authority because of the agency’s outstanding performance and commitment to enhancing the Section 3 program that provides job and contracting opportunities to public housing residents.