Property, Rentals, Transactions

Property, Rentals, Transactions

Lee & Associates Completes Long-Term Office Lease on Behalf of Douglas Shaw & Associate

Torrance, CA - October 28, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a long-term lease for a 30,646-square-foot office space located at 1717 Park St. in Naperville. The value of the lease is approximately $6.5 million

Metro Chicago Real Estate Sold More Quickly in September Even as Fewer Properties Changed...

Chicago, IL - October 25, 2010 - (RealEstateRama) -- September marked the first month in which the metropolitan Chicago real estate market felt the full impact of the end of the federal income tax credit for homebuyers, which had been in effect in one form or another for nearly two years. The result was a mix of signs, with homes selling more quickly than they did in the same month last year but with fewer homes changing hands

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

Rush Praises Senegal President Abdoulaye Wade for Providing Homes and a Fresh Start in...

CHICAGO, IL - October 21, 2010 - (RealEstateRama) -- U. S. Rep. Bobby L. Rush today expressed his support and admiration for the ongoing humanitarian relief efforts for the survivors of the January 12 earthquake in Haiti. Last week, in a powerful expression of support for those who are still struggling to rebuild their lives, Senegal President Abdoulaye Wade welcomed 163 Haitian students to new homes and a fresh start in life in this west African nation. The Haitian students have remained homeless in the aftermath of the devastating earthquake that struck 10 miles southwest of Haiti's capital, in Port-au-Prince, leaving in its wake 230,000 dead and tens of thousands of families homeless.

State Announces $5.3M in State, Stimulus Funding to Build Affordable Homes in Central Illinois

NORMAL, IL - October 21, 2010 - (RealEstateRama) -- Illinois Housing Development Authority (IHDA) officials today joined Bluestem Housing Partners NFP and local dignitaries to celebrate the groundbreaking of an independent living facility for seniors in Normal. The construction project is estimated to create more than 60 jobs for local residents and will produce 50 affordable rental homes for low-income seniors. The State of Illinois invested $5.3 million to build Cottage Apartments, including $1.5 million in American Recovery and Reinvestment Act (ARRA) funds and $3.8 million in loans and tax credits from other state resources.

Chicago Agent Reveals Which Brokerage Website Rates the Best

Chicago, IL - October 19, 2010 - (RealEstateRama) -- In a recent issue of Chicago Agent magazine, the publication used various tools to rate a number of brokerage websites, touching on an overview of national, local, franchise, and independent offices. The results of the rankings clearly demonstrated that some brokerages might need to up the ante on their websites’ capabilities, and a survey featured in the issue highlights that agents agree.

Chicago home search simplified with the IDX solution employed by top national Realtor Robert...

EUGENE, OR - October 15, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce that Robert Picciariello has become the latest real estate professional to upgrade the search functions and capabilities of his website, with IDX Broker software. As a Chicago, Illinois agent, Picciariello has proven his dedication and devotion to serving his clients and their every real estate need. Now, his IDX solution helps him further accomplish these goals by syncing his search page directly to the Midwest Real Estate Data (MRED) listings database, making thousands of Chicago area properties appear for home seekers to browse through during their online property search. Picciariello has forever changed the way potential buyers find homes online by simply adding the innovative IDX Broker software to his page; his real estate business will never be the same.

Governor Quinn Honors Work of Volunteers With Governor’s Home Town Awards Assistance Center in...

SPRINGFIELD, IL - October 13, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced 26 projects as 2010 Governor’s Home Town Award recipients. The awards recognize the contributions of thousands of Illinois’ volunteers for their hard work and dedication towards improving their communities

Windy City real estate website upgraded with customized IDX solution

EUGENE, OR - October 8, 2010 - (RealEstateRama) -- Chicago, Illinois real estate broker Greg Kohlhagen and IDX, Inc. have teamed up to deliver thousands of Midwest Real Estate Data (MRED) listings to home seekers, on the professional website Kohlhagen hosts. With the addition of his own customizable IDX Broker software, Kohlhagen has revolutionized the way potential buyers scan the MRED listings and begin their property search processes online. Home seekers can now look at every single listing in Chicago without ever leaving the convenience of the real estate website Kohlhagen supports with an IDX solution

NEXCORE GROUP BREAKS GROUND ON MEDICAL SERVICES BUILDING IN CHICAGO SUBURB

NEW LENOX, IL - October 5, 2010 - (RealEstateRama) -- NexCore Group broke ground Thursday on a $52 million, 182,000 square foot integrated Medical Services Building (MSB) on the new Silver Cross Hospital (SCH) campus in New Lenox, about 36 miles southwest of downtown Chicago. It is the first project to be financed in part by the Denver-based healthcare real estate firm’s newly acquired, publicly held capital company. An affiliate of Heitman LLC partnered with NexCore to provide the equity for the MSB project, w

Lee & Associates’ Asset Management Group Awarded Large Receivership Assignment

Melrose Park, IL - September 29, 2010 - (RealEstateRama) -- The Specialty Practice Group, a division of Lee & Associates Asset Management Group (LAM), has been appointed as receiver of a 500,000-square-foot office and industrial complex in Melrose Park, Ill., by the Cook County Court System.

Rep. Foster Holds Realtors Roundtable

Batavia, IL - August 4, 2010 - (RealEstateRama) -- Today, Rep. Bill Foster (IL-14) held a meeting with area Realtors in his Batavia office to discuss their important role in growing our economy and creating jobs.

Illinois Home Sales Up 10 Months in a Row, Chicago Region a Full Year...

SPRINGFIELD, IL - July 23, 2010 - (RealEstateRama) -- Home prices in Illinois are showing signs of stabilizing with continued positive year-over-year median price growth and 10 straight months of mostly double-digit sales increases; the Chicago region marked a year of positive sales activity in June. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in June 2010 were up 18.3 percent, totaling 13,072 homes sold compared to June 2009 sales of 11,048 homes. The median price in June 2010 was $170,000, up 2.5 percent from $165,825 in June 2009. The median is a typical market price where half the homes sold for more, half sold for less.

IDX Broker software utilized on the website of Chicago Realtor Karl Schlehofer brings listings...

EUGENE, OR - July 14, 2010 - (RealEstateRama) -- Midwest Real Estate Data (MRED) listings are now available on the website of Karl Schlehofer, thanks to his partnership with IDX, Inc. and his use of their premier service, IDX Broker software. The benefits of adopting a customized IDX solution include making the buying process simpler and more efficient for brokers, agents buyers and sellers. Never before has it been easier to find a home online than now on his website, thanks to IDX Broker software.

Governor Quinn Signs Legislation to Protect Homeowners

SPRINGFIELD, IL - July 13, 2010 - (RealEstateRama) -- July 12, 2010. Governor Pat Quinn today signed two bills into law that will protect consumers from deceptive home repair and remodeling practices. Senate Bill 3645 and Senate Bill 2540 protect homeowners and individuals who have disabilities from fraudulent home repair projects

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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.