Elgin O’Hare Western Access

The Elgin O'Hare Expressway (Illinois Route 390) will be widened and extended, including new interchanges offering access to I-90 and I-294, eventually extending to O'Hare to ease congestion and accessibility to the western suburbs! The project began in 2015 and will continue through 2025. See important information on changes coming each year by clicking on full article below.

Electric Vehicle Sales on the Rise; Impact on Commercial Real Estate

Back in June of 2012 our firm posted a blog about Electric Vehicle Charging stations (EVCs).  You can refer to that blog here.  In it we argue that landlords and developers should consider installing EVCs to attract tenants.  We mainly discussed the need for these stations in retail developments, however there is a stronger need for EVCs in office and multi-use facilities lately which is outlined in a new article published by the Business Ledger.

Old is “In:” Charm in Historic Properties

For years, cities have preserved historical structures and neighborhoods, honoring the past.  Naperville has an entire "settlement" devoted to decades past.  Downtown Geneva is lined with both vintage commercial and residential buildings that seamlessly intertwine with the cobblestone streets and welcome tourists from afar.

Halloween is “Popping” Up

This morning I stumbled upon this article (http://www.rejournals.com/2014/09/05/its-that-time-of-year-again-halloween-pop-up-stores-are-back/) on REJournals.com.  Oddly enough, over the weekend I noticed that a Halloween "superstore" had "popped" up in my neighborhood shopping center.

The new conglomerate : Dollar Tree and Family Dollar

Earlier this week two of the three largest dollar store chains joined forces.  Dollar Tree acquired Family Dollar for approximately $8.5 billion.  The transaction will take effect early 2015 and will mean the conglomerate will have over 13,000 stores in 48 states.

A Portillo’s Sale?

A few weeks back, Chicago based Portillo’s announced the possibility of a sale. Fans across the four states Portillo’s operates in (not to mention the whole country) were shocked, and saddened of the news. “What would Portillo’s be without Dick Portillo?” fans questioned.

Corrugated Box Sales Up…So What???

Recently we stumbled upon this article on Yahoo! Finance.  http://finance.yahoo.com/news/world-corrugated-boxes-market-195400470.html

The article details the soon-to-be increase in production of corrugated (cardboard) boxes.  As the economy continues to grow and production of goods and foods ramps up again, boxes are needed to ship and store these products.

Multi-Family Continues to Boom

We’ve discussed this before, but it seems as though multi-family properties continue to be on our radar. Recently CoStar.com just drafted a report stating that over the next two years an additional 1.7 million new multi-family renters will hit the market scouting out an apartment.

City Centers Proving Successful Nationwide

This year Money magazine put midwestern Carmel, Indiana on the map. The national publication highlighted the city as the No. 1 best place to live; and Mayor James Brainard believes the town’s recent $800 million redevelopment project has a lot to do with it.