Yearly Archives: 2011

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.

Northbrook, IL - December 29, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 16675 S Oak Park Avenue in Tinley Park, IL for $3,358,000.

SPRINGFIELD, IL - December 21, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in November 2011 totaled 7,954 homes sold, up 14.2 percent from 6,966 home sales in November 2010. The statewide median price in November was $128,500, down 11.4 percent from $145,000 in November 2010. The median is a typical market price where half the homes sold for more, half sold for less.

CHICAGO, IL - December 20, 2011 - (RealEstateRama) -- Jim Dieter, executive vice president of Cushman & Wakefield, Inc. and head of the firm’s National Industrial brokerage platform, is slated to address Chicago’s 10th Annual Commercial Real Estate Forecast Conference on January 24, 2012. Produced by REJournals.com, the event is scheduled for the Chicago Marriott Downtown.

CHICAGO, IL - December 16, 2011 - (RealEstateRama) -- Governor Pat Quinn today announced the commitment of $15 million in Illinois Jobs Now! capital...

ELGIN, IL - December 15, 2011 - (RealEstateRama) -- What’s ahead for the housing segment of the metropolitan Chicago real estate market in 2012? RE/MAX recently asked a representative sampling of its experienced agents for their assessment of where the market stands today and what the New Year may hold. A sizable majority of those agents expects that the first half of 2012 is likely to see a slow steadying of home prices and a continuation of the recent trend toward increased home sales.

December 15, 2011 - (RealEstateRama) -- A metro-east resident was sentenced yesterday, December 13, 2011, in the United States District Court in East St. Louis, for participating in a conspiracy to defraud the United States and evade the payment of federal income taxes and for making false statements on a mortgage loan application, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. Belinda Cheri McKinney, 43, was sentenced to 37 months’ imprisonment.

CHICAGO, IL - December 15, 2011 - (RealEstateRama) -- December 14, 2011. Governor Pat Quinn today launched the Welcome Home Heroes program to promote homeownership for Illinois Veterans, active military personnel, reservists and Illinois National Guard members. The financing package is available statewide, and provides a forgivable grant up to $10,000 toward the purchase of a new home, as well as an additional mortgage tax credit up to $20,000 over the life of the loan. Welcome Home Heroes will make homeownership even more affordable for thousands of military families and create more than 400 jobs throughout Illinois.

Northbrook, IL - December 8, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Walgreens property located at 5105 N. Harlem Avenue in Chicago, IL for $1,197,183.

Chicago, IL - December 5, 2011 - (RealEstateRama) -- In a recent study of RE/MAX agents in northern Illinois, agents reported that although this remains a great time to buy a home due to ample inventory and mortgage interest rates at a historic low, earning approval for mortgage financing has become a longer and more difficult task.

SPRINGFIELD, IL - December 2, 2011 - (RealEstateRama) -- The holiday decorations are up, furnaces are warming homes and people are spending more time indoors as outdoor temperatures plummet. With those things in mind, the Illinois Emergency Management Agency’s (IEMA) 2011 Preparedness Campaign in December will focus on home safety and steps people can take to ensure their families are safe this winter and throughout the New Year.

Northbrook, IL - November 29, 2011 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Starbucks property located at 4820 N. University Street in Peoria, IL for $1,175,000.

EUGENE, OR - November 24, 2011 - (RealEstateRama) -- IDX, Inc. and Park City, Utah real estate broker Clay Fuhrhop have created a dynamic real estate search page on the Tri County Realty website. Southwestern Illinois Regional MLS (SIRMLS) is now synced to Fuhrhop’s search pages, seamlessly displaying thousands of property listings within his professional website. This incredible technology gives home seekers the ability to experience an unprecedented level of access to the SIRMLS database, in addition to creating a comprehensive real estate resource for property seekers in the Ava area.

SPRINGFIELD, IL - November 21, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in October 2011 totaled 8,536 homes sold, up 15.3 percent from 7,402 home sales in October 2010. The statewide median price in October was $130,000, down 10.3 percent from $145,000 in October 2010. The median is a typical market price where half the homes sold for more, half sold for less.

WASHINGTON, DC - November 18, 2011 - (RealEstateRama) -- Today, legislation authored by U.S. Representatives Mike Quigley (D-IL) and Jason Chaffetz (R-UT) to cut wasteful spending and increase federal property management efficiency was approved by the House Oversight and Government Reform Committee as H.R. 665, The Excess Federal Building and Property Disposal Act of 2011.