Yearly Archives: 2013

WASHINGTON, D.C. - October 3, 2013 - (RealEstateRama) -- REALTOR® Mike Drews of Aurora has been installed as the 2014 Treasurer of the Illinois Association of REALTORS®. He is a Broker-Associate with Charles B. Doss & Co. in Oswego.

Northbrook, IL - October 1, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a single tenant Bank of America located at 2163 North Clybourn Avenue in the Lincoln Park neighborhood of Chicago, Illinois for $6,940,000.

WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- Today, Congresswoman Cheri Bustos (IL-17), a member of the House Transportation and Infrastructure Committee, released the following statement applauding BNSF’s recent decision to invest $145 million in improving and expanding Illinois rail capacity. This investment includes extending three departure tracks at the Galesburg Yard to a length of 10,000 feet each and construction of new siding 7,600 feet long between Barstow and Hillsdale

WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- Members of the media are invited to attend the IAR Fall Conference & Expo to meet with Illinois real estate professionals and REALTOR® association leaders and gain perspective on the market and industry trends. Media may attend any session. Find a complete schedule and additional information at www.illinoisrealtor.org/fallconference.

Chicago, IL - September 25, 2013 - (RealEstateRama) -- A team of local government and nonprofit leaders recently capped off a 100-day collaborative effort to end chronic homelessness in Chicago, resulting in over 400 individuals and families moving from the streets and into housing. Another 120 veterans, most of them chronically homeless, were issued rental assistance through the Jesse Brown VA Medical Center and Chicago Housing Authority federal grant partnership called VASH (Veteran’s Affairs Supportive Housing).

WASHINGTON, D.C. - September 25, 2013 - (RealEstateRama) -- Today, Congresswoman Cheri Bustos (D-IL-17), Senator Dick Durbin (D-IL), Senator Mark Kirk (R-IL) and Congressman Rodney Davis (RIL-13) announced that a key provision of their bipartisan and bicameral legislation to help speed up repairs and upgrades to the aging locks and dams on the Mississippi and Illinois Rivers overwhelmingly passed the House Committee on Transportation and Infrastructure with bipartisan support. The provision was included in the Water Resources Reform & Development Act (WRRDA), which will now go to the House floor for a vote by the full chamber

STERLING - September 23, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced more than $5 million in investments to 13 communities across Illinois for green infrastructure improvement projects. Illinois Green Infrastructure Grants (IGIG) are designed to support projects that reduce the amount of pollution running into Illinois waterways from stormwater sources and reduce the risk of localized flooding. This announcement is part of Governor Quinn’s agenda to protect our natural resources and ensure a clean and healthy environment for future generations, while creating construction jobs

SPRINGFIELD, IL - September 19, 2013 - (RealEstateRama) -- Illinois home sales increased 17.3 percent over previous-year levels in August and median prices increased 13.6 percent, according to the Illinois Association of REALTORS®, closing out the summer selling season on a strong note.

Northbrook, IL - September 18, 2013 - (RealEstateRama) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Kroger property located at 2701 Columbus Street in Ottawa, Illinois for $2,712,000

Reston, Virginia, - September 13, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. announced that the United States District Court for the Central District of Illinois this week accepted the report and recommendation of Magistrate Judge David G. Bernthal and dismissed a lawsuit filed by Macon County, Illinois and Mary Eaton, Macon County Recorder of Deeds, on behalf of Macon County and other similarly situated counties in the state of Illinois, ruling in favor of MERSCORP Holdings, Inc., Mortgage Electronic Registration Systems, Inc. (MERS) and numerous other defendants.

WASHINGTON - September 4, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced the allocation of nearly $29 million to the City of Chicago, Cook County, DuPage County, and the State of Illinois to help these communities recover from devastating spring storms, strong winds and flooding. These grants are provided through HUD’s Community Development Block Grant (CDBG) Program to support long-term disaster recovery efforts in areas with the greatest extent of ‘unmet need.’

CHICAGO - August 29, 2013 - (RealEstateRama) -- The Illinois Housing Development Authority (IHDA), the state’s housing finance agency, today announced Standard & Poor’s Ratings Services has upgraded its credit rating. S&P cited IHDA’s financial strength and strong management practices in raising the credit rating to AA- from A+.

CHICAGO - August 22, 2013 - (RealEstateRama) -- Governor Pat Quinn today signed a new law protecting Illinois renters in foreclosed multifamily properties. The new law requires those acquiring foreclosed residential property to honor existing leases or give tenants adequate time to make a safe move. This legislation is part of Governor Quinn’s commitment to protecting Illinois families and helping them fight foreclosure

SPRINGFIELD, IL - August 21, 2013 - (RealEstateRama) -- Illinois home sales surged 28.5 percent over previous-year levels in July and median prices increased 14.2 percent, according to the Illinois Association of REALTORS®, providing evidence of a strong summer housing market.

WASHINGTON, D.C. - July 31, 2013 - (RealEstateRama) -- U.S. Senator Mark Kirk (R-Ill.) today applauded the Senate Banking, Housing and Urban Affairs Committee’s approval of Federal Housing Administration (FHA) solvency legislation that includes his amendment to protect seniors who take out reverse mortgage loans. The amendment, which Senator Kirk offered with Senators Bob Corker (R-Tenn.), Pat Toomey (R-Pa.) and David Vitter (R-La.), strengthens the FHA Solvency Act, a bill that reforms the FHA to put the agency on more stable financial ground.