Author: Susie Farmer

medical real estate hub and spoke model

Medical Real Estate Prioritizes Hub and Spoke Strategy

Over the past three decades, the Chicago suburbs have seen a trend emerging in the medical real estate industry; the push towards a “hub and spoke” model.  In this concept, hospitals are the central hub, and outpatient and surgery centers, as well as preventative care offices, are the spokes to the system

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Good News in CRE: September

•This month the SBA opened the application portal for an increase in the COVID EIDL. Previously capped at $500,000, now businesses can apply for up to $2M in funding. The loans have a 30 year amortization with a 24 month deferment option and can be used to pay, or even prepay, commercial debt.

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Good News in CRE: August

Illinois is now accepting applications for the $250 million Back to Business grant. Businesses that have suffered economic hardship due to COVID-19 can now apply for a grant ranging from $5,000 to $150,000.

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Good News in CRE: May Recap

The former Maywood Park Racetrack has been repurposed as the Chariot Logistics Center with the name paying tribute to the racetrack where races were held until 2015. Approximately 42,000 tons of concrete were reclaimed from the site.

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Using an Attorney to Finalize a Commercial Real Estate Transaction

When contemplating a commercial real estate transaction, it is necessary to establish a relationship with a number of service professionals. These people should be experts in their field and able to help guide the process. In addition to a commercial real estate broker, an attorney is a necessary part of a successful transaction.

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Location, Location, Location

Following shortly after budget and spacial needs (square feet), location is very important to many prospects when looking for a new office, retail site, or industrial building. However, it is not just the physical location of the site that is important, factors like demographics, accessibility, visibility, and proximity to referrals/competitors are very important.

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