Northwestern, KishHealth System partnering – Chicago Tribune

Northwestern Memorial Healthcare continues their reach west by recently partnering with DeKalb-based KishHealth System.  This deal comes about a year after Northwestern combined with Cadence Health system based out of Winfield, IL.  The move with KishHealth will provide the smaller two hospital system with additional resources to better serve the patient base in DeKalb County and its surrounding areas.

An Excerpt From Our Latest Newsletter

Here is the introduction to our May 2015 newsletter, enjoy!

In our September newsletter last year we discussed the extreme growth Huntley, Illinois is experiencing, "From the years of 2000 to 2008, the town quadrupled its population...and from 2010 to 2012 the population increased an additional 10%.  As the amount of rooftops increase, the need for physicians will follow.

5 Reasons (other than cost) to Shop Your Lease

Recently we did a showing with a well established medical practice in the Fox Valley area.  Currently this practice is located in an on-campus medical facility (a medical office building located on hospital grounds.)  Their initial lease term is coming due, so they are shopping new sites.

Three Reasons Medical Practices Should Start Their Search for Office Space Early

Generally speaking, we at O’Donnell Commercial advise all businesses to start their real estate search as early as possible.  This holds especially true for medical practices.  Following are three reasons we believe it to be essential doctors should search for their new office at least a year in advance:

1. Equipment:  Unlike many other office users, medical practices often times have a large amount of equipment.

The Benefits of an Off-Campus Medical Office Location

Our firm has offered medical commercial real estate services for many years now, representing doctors and medical buildings throughout the western suburbs.  The most recent trend we have seen in this field is the flight from hospital campuses.  In the past it has been popular for a variety of doctor groups to be located on the hospital campus, often times attached to the hospital.

Historic Homes Can Provide Alternative Commercial Real Estate Sites

Many of the suburban towns of Chicago feature quaint downtown, historic districts where century old homes and their unique craftsmanship line cobblestone sidewalks. The attraction to these houses has risen in the commercial market as retailers and office users seek alternative real estate sites.

Out of the Box Real Estate Options

Recently the Daily Herald’s Business Ledger published an pertaining to a hotel in Palatine being transformed into a senior living facility. The plan is to take the current 191 room hotel and renovate it to offer 168 senior resident units. It is this “out of the box” thinking that often transforms into ideal real estate transactions.