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The transactions include an expansion by RTC, Inc. and a new lease with APL Warehouse Logistics Management, Inc. in two of its buildings in Crossroads Business Park in Bolingbrook, and a new lease with Midwest Air Technologies, Inc. in 1341 Enterprise Drive, a 324,115-square-foot speculative warehouse it delivered in May in Romeoville.

Congressman John Shimkus (R, Illinois-15) issued the following statement after the Environmental Protection Agency (EPA) finalized its controversial Waters of the United States (WOTUS) rule

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 7101 South Stony Island Avenue in Chicago, IL for $1,460,000.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 732 West Old Ridge Road in Hobart, Indiana for $6,093,000.

It is an exciting time for the Chicago office of Lee & Associates as we have been able to strengthen our retail bench with the addition of four exceptional retail brokers since the beginning of 2015. These brokers bring a combined 128 years of experience. We are pleased to introduce Mike Woldman, Edward Winslow, CCIM, Joe Grody and Jeffrey Howard.

Peoples Home Equity, a lender with much activity centered in the Midwest was intrigued by a May 11th article by ChicagoBusiness.com titled “How high can downtown apartment rents go?”

The Illinois Department of Veterans’ Affairs announced today that following an extensive selection process, Sherri Whitmer of Princeton, Illinois is now the Veterans Home Administrator for the Illinois Veterans’ Home – LaSalle (IVH-LaSalle)

Luxury homes sold at a faster pace during the first quarter of 2015, January through March, than they did a year earlier in the seven-county metropolitan Chicago real estate market. Transaction activity was 16 percent higher for the period, with luxury home sales totaling 378 units. Luxury properties sold during the quarter were also finding buyers more quickly, requiring an average of just 144 days, compared to 158 days during the same period last year, according to the RE/MAX Luxury Report on Metro Chicago Real Estate

One year after the unveiling of the new International Terminal 5 at Chicago O’Hare International Airport (a $26 million transformation by Westfield that features a reconfigured environment, a more-efficient TSA checkpoint and 24 sophisticated dining and retail destinations), sales are reaching record highs. They are up by roughly 70 percent since redevelopment began in 2011, according to city data. Last year total sales exceeded $43 million, generating approximately $6.5 million in revenue for Chicago, more than double the 2010 revenue. The terminal was built in 1993.

The Illinois spring housing market got off to a strong start in March with sharp gains in year-over-year home sales and median prices, according to the Illinois Association of REALTORS®.

Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 211,500-square-foot industrial space lease renewal and expansion located at 6750 Daniel Burnham Dr. in Portage, Ind.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction single tenant triple net leased Walgreens property located at the southwest corner of 95th Street and Southwest Highway in Oak Lawn, Illinois for $10,700,000.

Attorney General Lisa Madigan today applauded the House Human Services Committee after it passed her proposal to allow nursing home residents and their families to place video or audio monitoring devices in their rooms to help ensure their safety and well-being. House Bill 2462 sponsored by Rep. Greg Harris (D-Chicago) now heads to the full House for consideration

CCIM’s newest 146 designees were honored by the CCIM Institute and their local chapter members during a pinning ceremony and cocktail reception on March 24 during the CCIM Institute Midyear Meetings at the Fairmont Hotel in Chicago. The new CCIMs hail from diverse states and countries and have varying degrees of experience in commercial real estate

Congressman Bill Foster announced that DuPage County will be receiving a $2.7 million Hazard Mitigation Grant from the Department of Homeland Security (DHS) and the Federal Emergency Management Agency (FEMA) to fund the acquisition and demolition of 13 flood prone residential properties.