Yearly Archives: 2013

WASHINGTON, D.C. - November 25, 2013 - (RealEstateRama) -- Last week, the Office of the Comptroller of Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released final rules governing bank deposit advance loans. These products are similar to payday loans because of their triple-digit interest rates, short terms with balloon payments, and lack of underwriting requirements before approval.

BROOKPORT - November 25, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced the delivery of nearly 300 pallets of donated supplies to help people in Brookport recover from the deadly tornado that damaged or destroyed more than 150 homes. Prior to the Nov. 17 tornadoes, the supplies were originally collected to provide assistance for people who were devastated by Typhoon Haiyan, but the Rizal Center has not yet been able to transport the goods to the Philippines.

SPRINGFIELD, Ill. — The Illinois housing market saw October home sales increase 3.7 percent over previous-year levels and median prices rise 13.8 percent, according to the Illinois Association of REALTORS

CHICAGO - November 18, 2013 - (RealEstateRama) -- Governor Pat Quinn today declared seven counties state disaster areas after severe storms generating tornadoes and high winds ripped across Illinois. Hundreds of homes and businesses have been damaged or destroyed, hundreds of thousands of people are without power, and numerous roads throughout the state have been closed by fallen trees and downed power lines. At least six people are reported dead and dozens more injured

Evanston, IL. - November 8, 2013 - (RealEstateRama) -- HOF Isiah Thomas recently acquired a Class A apartment building in Evanston, IL for investment purposes. The property is located at 525 Kedzie Street. It is a modern designed structure consisting of 20 residential units, 42 parking spaces, and 2 commercial spaces. The property was originally constructed in 2007 as a high-end residential condominium building for sale.

WASHINGTON, D.C. - November 6, 2013 - (RealEstateRama) -- U.S. Rep. Dan Lipinski (IL-3) today formally requested that the U.S. Department of Labor and the Bureau of Alcohol, Tobacco and Firearms begin an investigation into the circumstances surrounding the reported Nov. 4 blast at a Hanson Materials quarry in McCook that damaged nearby properties and alarmed residents throughout the region. In a letter, the congressman asks that both agencies “ascertain whether laws, regulations, and protocols may have been violated” regarding the purchase, storage and use of explosives

WASHINGTON, D.C. - October 25, 2013 - (RealEstateRama) -- As the state’s most senior member on the House Transportation & Infrastructure Committee, U.S. Rep. Dan Lipinski (IL-3) has helped to pass the bipartisan Water Resources Reform and Development Act (WRRDA). The Act will create jobs by rebuilding our water transportation system and includes many benefits to the region, such as allowing the City of Chicago to proceed with redeveloping a key section of Lake Michigan lakefront. Rep. Lipinski also cosponsored an amendment to the bill to help prevent the spread of Asian carp to the Great Lakes

WASHINGTON, D.C. - October 25, 2013 - (RealEstateRama) -- Today, Congresswoman Tammy Duckworth (IL-08) announced that the U.S. Department of Housing and Urban Development (HUD) has awarded a $278,375 Community Development Block Grant to Des Plaines, Illinois. The grant helps further develop urban communities by creating better living environments and increasing economic opportunities for low- and moderate- income persons.

CHICAGO - October 21, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced the state’s Preservation Now program will finance the preservation of approximately 600 affordable rental units for seniors and people with disabilities in Chicago and Peoria. The project is expected to create more than 500 jobs and is part of the Governor’s agenda to ensure quality affordable housing for working families, seniors and people with disabilities across Illinois

SPRINGFIELD, Ill. - (RealEstateRama) -- Momentum in the housing market continued into September with Illinois home sales increasing 19.8 percent over previous-year levels and median prices rising 12.9 percent, according to the Illinois Association of REALTORS

SPRINGFIELD, Ill. - October 16, 2013 - (RealEstateRama) -- Al Suguitan, CAE, ePRO, GRI, RCE, president and chief operating officer of the Greater Gateway Association of REALTORS®, was named a recipient of the Illinois Association of REALTORS® 2013 Distinguished Service Award. The award honors individuals who have provided outstanding contributions and service to the Illinois Association of REALTORS® (IAR) and their local communities. Suguitan received the award Oct. 1 at the IAR Business Meetings in St. Charles, Ill.

ELGIN - October 15, 2013 - (RealEstateRama) -- Governor Pat Quinn joined FER-PAL Construction officials today to open the water main rehabilitation company’s new U.S. headquarters in Elgin, creating 50 new jobs. Governor Quinn’s personal involvement helped convince the firm to choose Illinois. This announcement is part of Governor Quinn’s agenda to drive Illinois’ economy forward and protect the environment by modernizing water infrastructure

CHICAGO - October 14, 2013 - (RealEstateRama) -- Governor Pat Quinn today joined students, parents and community leaders to highlight an upcoming school improvement project made possible through the Illinois Green Infrastructure Grant (IGIG) program. Ravenswood Elementary School was among 13 applicants that received funding from the Illinois Environmental Protection Agency to support projects that reduce the amount of pollution running into Illinois waterways from stormwater sources and reduce the risk of local flooding. The announcement is part of Governor Quinn’s agenda to protect our natural resources and ensure a clean and healthy environment for future generations.

Chicago - October 10, 2013 - (RealEstateRama) -- On Saturday, October 12, 100 associates from home furnishings retailer Crate and Barrel will join with Rebuilding Together, a Safe and Healthy Housing organization that believes Community Starts at Home, to revitalize Maria Shelter and Vincennes Senior Center

CHICAGO - October 7, 2013 - (RealEstateRama) -- Governor Pat Quinn today was joined by thousands of water professionals from around the world to officially open the 86th annual Water Environment Federation Technical Exhibition and Conference (WEFTEC®) at McCormick Place in Chicago. Governor Quinn is committed to protecting the environment by modernizing Illinois’ water infrastructure and in recognition of the conference, he proclaimed October as “Water’s Worth It” Month in Illinois.