Illinois RealEstateRama

WASHINGTON, DC - March 22, 2012 - (RealEstateRama) -- Legislation authored by U.S. Representative Mike Quigley (IL-05) to cut wasteful federal property spending that costs taxpayers $1.7 billion annually was passed by the House of Representatives. Rep. Quigley was the lead Democratic author of the Excess Federal Building and Property Disposal Act of 2011 (H.R. 665).

SPRINGFIELD, IL - March 21, 2012 - (RealEstateRama) -- Illinois recorded an eighth consecutive month of year-over-year increases in home sales, according to data released today by the Illinois Association of REALTORS®.

SPRINGFIELD - March 19, 2012 - (RealEstateRama) -- The Illinois Department of Veterans’ Affairs (IDVA) today announced $477,752 in grants from Veterans’ Cash scratch-off lottery ticket sales to help 10 non-profits deliver specialized programs and services for Illinois’ veterans.

Woodridge, IL - March 13, 2012 - (RealEstateRama) -- The Boulder Group, a national net lease investment brokerage firm, has been named the exclusive advisor for the sale of a single tenant net leased office building solely occupied by Allstate at 9022 Heritage Parkway in Woodridge, Illinois.

CHICAGO, IL - March 1, 2012 - (RealEstateRama) -- Governor Pat Quinn today announced that the state of Illinois and Chicago have been named among the top 10 locations for new and expanded corporate facilities. Illinois ranked seventh among states, an improvement over last year’s eighth place ranking, and Chicago second in the metropolitan areas category in the annual analysis by Site Selection magazine, one of the nation’s premier corporate real estate and economic development publications

SPRINGFIELD, IL - February 22, 2012 - (RealEstateRama) -- Illinois Home sales in January were the strongest for the month since 2007, according to data released today by the Illinois Association of REALTORS

SPRINGFIELD, IL - February 13, 2012 - (RealEstateRama) -- According to the Illinois Association of REALTORS® fourth quarter 2011 report, Illinois home sales (single family and condominiums) totaled 25,394, up 14.8 percent from 22,114 home sales in the fourth quarter of 2010. The 4Q11 statewide median home sales price was $128,000, down 10.8 percent from $143,500 in 4Q10. The median is a typical market price where half the homes sold for more, half sold for less.

CHICAGO, IL - February 13, 2012 - (RealEstateRama) -- Governor Pat Quinn today announced that Illinois mortgage regulators have joined with their counterparts across the country to accept the terms of a national settlement with five of the nation’s largest banks. Under the settlement, more than $1 billion will go to help struggling Illinois homeowners and those affected by improper foreclosures.

BERWYN, IL - February 8, 2012 - (RealEstateRama) -- Governor Pat Quinn was joined today by Cook County Board President Toni Preckwinkle and six Cook County mayors to announce a new initiative to return vacant, foreclosed properties to productive use. An initiative laid out in the Governor’s State of the State address earlier this week, the Illinois Building Blocks Pilot Program will rehabilitate vacant properties and increase affordable housing in the communities of Berwyn, Chicago Heights, Maywood, Park Forest, Riverdale and South Holland.

CHICAGO, IL - February 2, 2012 - (RealEstateRama) -- As part of his commitment to affordable housing and foreclosure prevention, Governor Pat Quinn today announced the launch of the statewide Illinois Foreclosure Prevention Network (IFPN) in his State of the State address. A multi-agency effort coordinated by the Illinois Housing Development Authority (IHDA), the IFPN connects struggling homeowners with all available assistance, resources and knowledge to help them keep their homes.

SPRINGFIELD, IL - January 23, 2012 - (RealEstateRama) -- A combination of unseasonably mild weather, historically low mortgage rates and attractive market pricing led to a sixth straight month of increases in home sales, according to data released by the Illinois Association of REALTORS® (IAR).

Northbrook, IL - January 23, 2012 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Advance Auto Parts property located at 1535 West Lane Road in Machesney Park, IL for $1,520,000.

ROSEMONT, Ill., Jan. 12, 2012 –Jim Dieter, executive vice president of Cushman & Wakefield, Inc. and head of the firm’s National Industrial brokerage platform, will co-moderate the Chicago Industrial Summit on Thursday, January 19. Produced by multi-media business publisher BISNOW, the event is slated for the Donald E. Stephens Convention Center in Rosemont, Ill.

CHICAGO, IL - January 11, 2012 - (RealEstateRama) -- Illinois Department of Commerce and Economic Opportunity (DCEO) Director Warren Ribley today announced $3,398,444 in capital funding to ten organizations that will train nearly 700 weatherization specialists across the state as part of the second phase of the Urban Weatherization Initiative (UWI). UWI is the nation's first state-funded weatherization program and one of the largest job creation initiatives to date for urban communities in Illinois. Governor Quinn kicked-off the first phase the multi-year green jobs training program last September by announcing the first round of funding for home energy audit training with national certification.

PRINGFIELD, IL - December 30, 2011 - (RealEstateRama) -- A new law set to go into effect on Jan. 1, 2012, will help people who rent apartments, condominiums or houses access information about radon levels in their homes. The Illinois Emergency Management Agency’s (IEMA) radon program is offering guidance to help renters better understand radon hazards and their rights under this new law.