Yearly Archives: 2015

David J. Friedman, President of Conor Commercial Real Estate, a member of The McShane Companies, is pleased to announce the launch of Fountain Square Commerce Center – a new 70-acre, Class A multi-building industrial business park. Located within the premier I-55 corridor at Remington Boulevard and South Schmidt Road in Bolingbrook, Illinois, the well-positioned development offers easy access to the full I-55 interchange at I-55 and Route 53 and is in close proximity to the I-355 interchange. Construction is currently underway with delivery scheduled for Summer 2016.

The lead administrator of a Chicago-area visiting physician practice was sentenced to 87 months in prison for his role in a $4 million health care fraud scheme. Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Zachary T. Fardon of the Northern District of Illinois, Special Agent in Charge Lamont Pugh III of the U.S. Department of Health and Human Services-Office of Inspector General (HHS-OIG) in Chicago and Acting Special Agent in Charge John A. Brown of the FBI’s Chicago Division made the announcement

U.S. Senators Dick Durbin (D-IL) and Mark Kirk (R-IL) announced today that President Obama has issued a U.S. Small Business Administration (SBA) Disaster Declaration for Grundy and Iroquois Counties, which will allow residents and businesses in the region severely impacted by severe storms, flooding, and tornadoes earlier this summer to receive SBA loans.

Hundreds of homes and businesses along the Des Plaines River will be better protected from flooding with the completion of Levee 37 construction, U.S. Senator Dick Durbin (D-IL), U.S. Representative Jan Schakowsky (D-IL-09), the U.S. Army Corps of Engineers, Metropolitan Water Reclamation District of Greater Chicago, Illinois Department of Natural Resources and other local officials announced today at a ribbon cutting ceremony for the project.

The Justice Department announced today that the owners and operators of the Williams Trailer Court mobile home park in Marion, Illinois, had agreed to pay $75,000 to settle allegations that they discriminated against African Americans and families with children, in violation of the federal Fair Housing Act. The settlement was approved today by the U. S. District Court for the Southern District of Illinois.

Since it was constructed in 1973, a 424-unit multifamily property in Chicago’s southwestern corner has been known as Southgate Apartments, but under its new ownership that’s changing. Substantial upgrades and the opening of a new on-site leasing office will launch the property’s new identity as Midpointe Apartments, announced Elie Rieder, founder and CEO of Castle Lanterra Properties. The New York-based CLP acquired the four-story, eight-building property in April 2014.

August 2015—The North Shore and Barrington housing markets remains stable with the number of new listings, closed sales and median sale prices all up compared to July 2014, according to North Shore – Barrington Association of Realtors (NSBAR)

The strong summer housing market continued in July as home sales and median prices posted robust gains while the time it took to sell a home declined, according to the Illinois Association of REALTORS. Statewide home sales (including single-family homes and condominiums) in July 2015 totaled 16,901 homes sold, up 8.0 percent from July 2014 when 15,644 homes sold

Illinois Environmental Protection Agency Director Lisa Bonnett has issued an order to seal the property identified as Advanced Asymmetrics, Inc., located at 109 South Kossuth, in Millstadt, St. Clair County, from public access due to health and safety concerns from chemicals remaining in the abandoned laboratory.

U.S. Representative Mike Quigley (IL-05), a member of the House Sustainable Energy and Environment Coalition, went on a tour through the Pullman and Calumet region to highlight the positive impact environmental restoration can have on community development.

Businesses and state governments would have the certainty they need to plan critical infrastructure projects if the long-term bi-partisan transportation bill passed by the U.S. Senate becomes law, U.S. Senator Dick Durbin (D-IL) said today following a tour of the Midwest Inland Port in Decatur. Since 2009, Congress has passed 34 stop-gap measures to keep the country’s major transportation and infrastructure programs from shutting down, with the most recent vote in late July– the third extension this year alone

U.S. Senator Dick Durbin (D-IL) and Chicago Mayor Rahm Emanuel announced today that the City of Chicago, Illinois has received $10,210,000 in funding through the U.S. Department of Transportation’s (DOT) Federal Aviation Administration for infrastructure improvements and upgrades at Chicago Midway International Airport. Of this funding, $210,000 will be used to purchase additional equipment. In addition, $10 million will be used for noise mitigation efforts near Chicago Midway International Airport.

The Illinois Housing Development Authority (IHDA) today launched its new 1stHomeIllinois loan program to help make homeownership a reality for up to 4,000 first-time homebuyers in 10 Illinois counties hardest hit by the foreclosure crisis. The program provides $7,500 in down payment assistance with an interest rate as low as 4.125 percent for a secure, 30-year fixed rate mortgage.

Congressman Mike Bost (IL-12) issued the following statement after the Obama Administration issued an onerous rule for coal-fired power plants, demanding that generators cut their carbon dioxide output 32 percent

Today, the U.S. Environmental Protection Agency (EPA) announced its final Clean Power Plan rule to reduce emissions from existing power plants. Rep. Jan Schakowsky released the following statement in response