Yearly Archives: 2010

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

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

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

WASHINGTON, DC - October 5, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to the John & Mary E. Kirby Hospital in Monticello, Illinois. The $31.2 million loan is made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program.

URBANA, IL - October 4, 2010 - (RealEstateRama) -- A federal jury deliberated approximately five and one-half hours before returning guilty verdicts on all nine counts of fraud charged against Decatur real estate broker Terry Hart for his participation in a real estate “flipping” scheme Hart’s sentencing is scheduled on Jan. 20, 2011. Trial began in Urbana federal court on Sept. 21.

CHICAGO, IL - September 29, 2010 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA) today celebrated the grand opening of a new housing development featuring 73 affordable apartments for low-income seniors and a senior center. An estimated 100 jobs were created with the construction of the Casa Maravilla development in Chicago’s Pilsen neighborhood.

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.

CHARLESTON, IL - September 23, 2010 - (RealEstateRama) -- Sixty-eight new affordable apartments for seniors broke ground today in Charleston on behalf of the administration of Governor Pat Quinn, the Illinois Housing Development Authority (IHDA) announced. An estimated 52 construction jobs will be created.

SPRINGFIELD, IL - September 23, 2010 - (RealEstateRama) -- Illinois home sales made gains in August from the previous month as buyer affordability conditions soared; slower activity is anticipated due to seasonal factors and fewer buyers in the immediate pipeline following the tax credit. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in August 2010 totaled 8,390, an increase of 2.6 percent from July’s 8,181 home sales; year-over-year home sales are down 21.9 percent compared to August 2009 sales of 10,740 homes. Year-to-date sales remain positive, up 9.2 percent January through August 2010 with 73,598 sales compared to 67,390 home sales for the same period in 2009.

WASHINGTON, D.C. - September 22, 2010 - (RealEstateRama) -- Assistant Senate Majority Leader Dick Durbin (D-IL) today announced that the Department of Housing and Urban Development (HUD) has awarded two grants totaling $3,800,000 to the Rockford Housing Authority through the American Recovery and Reinvestment Act. The grants will be used to help increase energy efficiency and decrease environmental impact of Rockford’s public housing properties

ELGIN, IL - September 21, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced the state has committed federal Low-Income Housing Tax Credits to finance a planned creative arts community in downtown suburban Elgin. The new Artspace development will provide affordable housing and will support Elgin’s arts community. The project is expected to create approximately 100 construction jobs

JERSEYVILLE, IL - September 13, 2010 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA) today celebrated a groundbreaking ceremony for 32 single-family affordable rental homes which will use solar and wind power to reduce energy bills. The development, known as Lexington Farms Subdivision in Jerseyville, will house qualified working families. An estimated 81 jobs will be created.

CHICAGO, IL - September 10, 2010 - (RealEstateRama) -- Governor Pat Quinn has proclaimed September is Campus Fire Safety Month in Illinois. Since 2000, nationally there have been 71 fatal off-campus fires that have claimed the lives of 102 students, plus many more that were injured, according to the Office of the Illinois State Fire Marshal (OSFM)

Chicago, IL - September 7, 2010 - (RealEstateRama) -- As the recession comes to an end and the real estate market starts to steady, a new survey by Chicago Agent magazine highlights the notion that modern agents are working harder despite a steep income decline

QUINCY - September 6, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced the awarding of contracts for a $2.4 million construction project at the Illinois Veterans’ Home at Quincy, the latest work to begin under the Illinois Jobs Now! capital construction program