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Monday February 13, 2012

Illinois Real Estate Market News

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02/10/2012 - Illinois gay couples get tax hassle with civil unions
  • Illinois same-sex couples in civil unions are discovering an unpleasant quirk of their new status. The state of Illinois will make them do their federal taxes twice.

  • 02/10/2012 - Two-Day Realtor Listing Agent Boot Camp To Be Held At Corcoran Consulting Training Center Near St. Louis on March 8-9 ...
  • Learn what it takes to develop successful listing agents by Bob Corcoran, one of the real estate industry's leading consultants and coaches.Swansea, Illinois (PRWEB) February 10, 2012 Learn what it takes to develop successful “Listing Agents” for your real estate or brokerage firm from Bob Corcoran, one of the industries’ leading consultants and coaches.Last year, for the fourth year in row ...

  • 02/12/2012 - RE/MAX Retained No. 2 Ranking for Residential Listings Sold in City of Chicago Real Estate Market During 2011
  • RE/MAX Northern Illinois agents sold the second largest number of residential real estate listing units in the City of Chicago during 2011. Due to their efforts, RE/MAX held on to its runner-up position to the market leader, with an 8.3 percent share of listings sold in the Chicago real estate market.Chicago, IL (PRWEB) February 12, 2012 RE/MAX Northern Illinois agents sold the second largest ...

  • 02/07/2012 - Westfield Fox Valley Mall Outparcel Being Auctioned by Hilco Real Estate
  • Hilco Real Estate, LLC, announces the auction of a former World Gym Fitness Center on the ring road of the Westfield Fox Valley Mall in Aurora, Illinois. The property, which lies within the Fox Valley East Planned Region, features a 36,384 square foot building on 3.65 acres.

  • 02/01/2012 - Hefner Eberspacher Tapella LLC
  • Hefner, Eberspacher & Tapella, LLC is located midway between the communities of Mattoon and Charleston, Illinois and serves clients in state and federal courts throughout the Central and Southern Illinois area. Representative clients include Lanman Oil, Curry Construction, Coles-Moultrie Electric Cooperative and Drake Homes. The firm accepts litigation referrals from over fifty referring law ...

  • 01/26/2012 - John Homeier left mark in sports, business
  • John Homeier, a prolific basketball scorer for Feitshans High School who later became a successful businessman and a major booster of University of Illinois athletics, has died at the age of 75.

  • 01/26/2012 - William Charles Construction wins Illinois tollway contract
  • LOVES PARK — William Charles Construction Co. is a partner in two of the Illinois State Toll Highway Authority’s largest deals, the tollway’s board of directors said Thursday.

  • 01/17/2012 - State grant targets foreclosed homes in Elgin
  • GENEVA — With the help of a $1.47 million grant from the Illinois Housing Development Authority, Kane County will be among those searching the real estate listings in Elgin. The Southwest Area neighborhood in Elgin has been identified by the IHDA as having a high number of foreclosures, and has been named a priority area for their grant program. The county will use the grant money to purchase ...

  • 01/17/2012 - Grant targets foreclosed Elgin homes
  • GENEVA — With the help of a $1.47 million grant from the Illinois Housing Development Authority, Kane County will be among those searching the real estate listings in Elgin. The Southwest Area neighborhood in Elgin has been identified by the IHDA as having a high number of foreclosures, and has been named a priority area for their grant program. The county will use the grant money to purchase ...

  • 01/17/2012 - Fired for Skipping Lunch, Woman Wins Benefits
  • Sharon Smiley had worked for 10 years as a receptionist and administrative assistant at a Chicago real estate company until she was fired for skipping lunch one day. After a two-year battle, an appeals court in Illinois has found that denial of her unemployment benefits was "clearly erroneous."

  • 01/17/2012 - Woman Fired for Doing Work at Lunch Wins Unemployment Claim
  • Sharon Smiley had worked for 10 years as a receptionist and administrative assistant at a Chicago real estate company until she was fired for skipping lunch one day. After a two-year battle, an appeals court in Illinois has found that denial of her unemployment benefits was "clearly erroneous."

  • 01/13/2012 - AP-IL--Illinois Corruption-Leases,127
  • SPRINGFIELD, Ill. (AP) -- Illinois officials next month will begin to investigate real estate leases with companies tied to a convicted felon. The Procurement Policy Board has set Feb. 9 as a launching date for a probe into William Cellini's ties to state-rented property.

  • 01/13/2012 - Illinois officials to probe Cellini's alleged leases
  • Illinois officials next month will examine real estate leases with companies tied to a convicted felon. The Procurement Policy Board has set a hearing for Feb. 9 to examine whether William Cellini has a financial interest in state-rented property. Cellini was convicted in November of trying to get a campaign contribution from a Hollywood producer in exchange for state business. His case spun off ...

  • 01/03/2012 - MHS seniors participate in ‘Welcome to the Real World’
  • MATTOON - The Coles County University of Illinois Extension provided "Welcome to the Real World" to Mattoon High School seniors in collaboration with teacher, Vince Walk.

  • 12/29/2011 - Brooks pens story of WF Cardinals
  • It's quite amazing how a single understandable misstep changed southern Illinois native Toby Brooks' life.   He was working as an athletic trainer for the Southern Illinois Miners Frontier League baseball team in its inaugural season in 2007 when he addressed the team at its first-ever practice and incorrectly referred to it as the first professional sports franchise to call the area home.

  • 12/23/2011 - Realtors express optimism for 2012
  • The real estate market in Knox County had a good month in November. With double-digit percentage increases in the average price of home sales and the median price, the president of the West Central Illinois Association of Realtors is predicting “a great year” in 2012. The 19.2 percent increase in the median home price — meaning an equal number of homes sold for more than that price and an equal ...

  • 12/22/2011 - Countrywide Bias Deal Affects 15,000 In Illinois
  • As top Justice Department officials announced a historic, $335 million fair-lending settlement on Wednesday, Illinois Attorney General Lisa Madigan said about 15,000 African-American and Latino borrowers in Illinois who took out real estate loans from troubled mortgage giant Countrywide are entitled to compensation.

  • 12/22/2011 - Illinois: The land of leavin’?
  • If migration trends tracked by the nation’s largest moving company are any indication, Illinois is getting less crowded.United Van Lines has been tracking moving trends since 1977. Its study released on Wednesday looked at all moves that involved either going to or leaving a state or the District of Columbia.Illinois and New Jersey tied for the largest outbound migration, with 60.5 percent of ...

  • 12/16/2011 - IFF and Access Living Launch $19 Million Public-Private Partnership With the State of Illinois and Chase
  • IFF, nonprofit lender and real estate consultant, announced today that it received $4 million from Chase to increase funding for Home First Illinois, a joint effort by IFF and Access Living to develop permanently affordable and accessible housing for persons with disabilities.

  • 12/14/2011 - Caterpillar reaffirms outlook; still critical of Illinois' business climate
  • Illinois legislators approve R&D tax credits sought by Caterpillar Caterpillar Inc. remains highly critical of Illinois' business climate, despite state lawmakers' approval of a series of business tax breaks this week that includes tax credits for research and development investments sought by Caterpillar.

  • 12/15/2011 - Keeping It Real (Estate) As Feds Bust Online Scamster
  • Let me tell you right here, upfront, that things didn’t end well for Keith Gunter, 49, of Illinois.  According to federal prosecutors and Gunter’s plea agreement, between July 2006 and July 2007, Gunter represented himself as a real estate developer and schemed to sell real property over the Internet auction site eBay.

  • 12/13/2011 - Illinois tax breaks could trigger demand for more
  • Under the threat of losing thousands of jobs to other states, Illinois officials are on the verge of approving a tax-relief package meant to keep Sears and the Chicago Mercantile Exchange from leaving. Now they face another question: Who's next?

  • 12/12/2011 - Water: A Precious Commodity
  • While US housing prices remain depressed, we can observe high inflation in one kind of real estate: prime farmland. The Fed, which monitors big farm states such as Illinois and Iowa, reports that farmland prices in its district shot up 17% in the year to the second quarter of 2011. ??The Fed says that Nebraska ...

  • 12/06/2011 - Illinois: State Of Embarrassment
  • Most critics of Obama's desultory performance the past three years trace it to leftist ideology, lack of experience or personality quirks. But it would perhaps be more useful to look at the geography -- of Chicago and the state of Illinois -- that nurtured his career and shaped his approach to politics.

  • 11/27/2011 - Best option for Illini might be head coach at smaller program
  • Illinois fired head football coach Ron Zook on Sunday after the Illini finished the regular season on a six-game losing streak. When choosing a replacement, first-year athletic director Mike Thomas should try to avoid the same unsuccessful methods the school has used in the past.

  • 11/23/2011 - Veterans’ Service Office now open in Charleston
  • SPRINGFIELD (JG-TC) - The Illinois Department of Veterans' Affairs (IDVA) has moved its Mattoon Veterans' Service Office to a new location in Charleston, according to a press release.

  • 11/22/2011 - Ex-Obama Fundraiser Antoin Rezko Sentenced to 10 1/2 Years
  • Antoin “Tony” Rezko, the former campaign fundraiser for President Barack Obama and ex-Illinois Governor Rod Blagojevich, was sentenced to 10 1/2 years in prison for his role in a kickback scheme.

  • 11/22/2011 - Blago adviser gets 10½ years, minus time served
  • TAMMY WEBBER Associated Press CHICAGO A former top fundraiser for ousted Gov. Rod Blagojevich, whose trial exposed Illinois' pay-to-play political culture, was sentenced Tuesday to 10 1/2 years in prison. He will get credit for time he has already served. Antoin "Tony" Rezko, a former Chicago real estate developer and fast-food entrepreneur, has been in custody for 3½ years while awaiting ...

  • 11/22/2011 - Blago adviser Rezko to serve 7 more years
  • A former top fundraiser for ousted Gov. Rod Blagojevich , whose trial exposed a culture of pay-to-play politics in Illinois, was sentenced Tuesday to serve seven more years in prison for corruption. Antoin "Tony" Rezko, a former Chicago real estate developer and fast-food entrepreneur, has been in custody for 3½ years while awaiting sentencing. He was sentenced to a total of 10 1/2 but will get ...

  • 11/22/2011 - Ex-Blagojevich fundraiser Rezko faces sentencing
  • More than three years after businessman Antoin "Tony" Rezko was convicted of corruption in a trial that laid bare Illinois' pay-to-play political culture and presaged notorious cases that ba

  • 11/20/2011 - NO: The city gets nothing out of it -- and it's not eligible
  • The Illinois Tax Increment Allocation Redevelopment Act, originated in 1977, started out innocently enough. The legislative intent was to provide infrastructure to developers that they would normally expect to be provided by the city. This helped small communities develop whose primary source of revenue was property taxes. The incremental increase in property taxes due to the development was ...

  • 11/10/2011 - Illinois' October home foreclosures up 9.7 percent
  • Illinois home foreclosure activity rose 9.7 percent in October compared to the previous month.A report released Thursday by RealtyTrac shows Illinois with 12,522 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

  • 11/09/2011 - Mobile home park sold for $55m
  • A retirement community of high-end manufactured homes in north Middleborough changed hands last week for $55 million, in one of the priciest sales of real estate in this rural town. Hometown America, a privately-held company based in Illinois, bought the 1,000-acre Oak Point complex from Gary Darman and Don Smith, the pair of developers who built and ran Oak Point over the past couple decades ...

  • 11/07/2011 - The Public Face of the Multiple Listing Service
  • LISLE, IL-- - What is it about Midwest Real Estate Data , a real estate data aggregator, distributor, and multiple listing service provider for northeast Illinois, that says "public service" ...

  • 11/04/2011 - Feds ask for 11-plus years in prison for Rezko
  • Federal authorities have given two thumbs down on Tony Rezko's cooperation in their prosecutions of corrupt Illinois officials.

  • 11/03/2011 - Illinois sues landlord who allegedly sought sex from tenant
  • The Illinois attorney general is suing a landlord who allegedly evicted a woman from his Park Forest house after she refused to have sex with him.

  • 10/28/2011 - Member of wealthy family an engineer, manufacturer
  • Robert A. Pritzker stood out in one of Illinois’ wealthiest families for becoming an engineer and manufacturer instead of a lawyer.He contributed so many tens of millions to the Illinois Institute of Technology that he and an equally generous benefactor, Bob Galvin, the former CEO of Motorola, were known around campus as “The Two Bobs.”Mr. Pritzker, 85, whose name hovered for years on Forbes ...

  • 10/26/2011 - Brixmor Appoints Thomas Litzler as Senior Vice President, Central Region
  • NEW YORK, Oct. 26, 2011 /PRNewswire/ -- Brixmor Property Group (the "Company" or "Brixmor") today announced the appointment of Thomas W. Litzler as Senior Vice President, Central Region.  Based in Chicago, Illinois, Mr. Litzler will serve as the asset manager for the region;...

  • 10/25/2011 - The State of Illinois Approves RESPRO(R)'s Upcoming Affiliated Business Regulatory Seminar for 6.0 CLE Credits
  • WASHINGTON, Oct. 25, 2011 /PRNewswire-USNewswire/ -- The State of Illinois has approved the Real Estate Services Providers Council, Inc. (RESPRO(R)) Affiliated Business Regulatory Seminar to be held November 3, 2011 in Chicago, Illinois for 6.0 Continuing Legal Education (CLE) credits.

  • 10/23/2011 - Honig-Bell expands into Wisconsin
  • Coldwell Banker Honig-Bell, already one of Illinois’s largest residential real estate firms, expanded its size and scope into the McHenry County and Southeastern Wisconsin markets by acquiring Coldwell Banker Primus offices in Algonquin, Cary, Crystal Lake, McHenry and Lake Geneva, Wis.Coldwell Banker Honig-Bell now has 36 residential offices, two commercial offices and nearly 1,100 agents.Led ...

  • 10/14/2011 - New Life For Old Plant
  • An Illinois real estate company has purchased the former Cooper Tire and Rubber Company plant in Albany for $8.5 million. Court records say the transaction between Cooper and Hilco Real Estate LLC of North Brook, Illinois, was completed September 29th. read more

  • 10/14/2011 - Old Albany Tire Plant Sold
  • An Illinois real estate company has purchased the former Cooper Tire and Rubber Company plant in Albany for $8.5 million. Court records say the transaction between Cooper and Hilco Real Estate LLC of North Brook, Illinois, was completed September 29th. read more

  • 10/13/2011 - Old Albany, Ga. tire plant sold for $8.5 million
  • An Illinois real estate company has purchased the former Cooper Tire and Rubber Co. plant in Albany for $8.5 million.

  • 10/12/2011 - Cooper Building sold, part to be torn down
  • The closed Cooper Tire Plant in Albany was sold for $8.5 million to an Illinois Real Estate company in a deal that could mean more jobs for the region.

  • 10/12/2011 - New Chicago-Area Foreclosures Fall Substantially In September
  • New foreclosures filed in the Chicago area during September fell 34.8 percent compared with a year ago and dipped 15.1 percent compared with August 2011, according to new figures released by the Illinois Foreclosure Listing Service (ILFLS). But at the same time, the number of foreclosures completed — either through sale at auction or reverting back to lenders after they did not sell (Real Estate ...

  • 10/06/2011 - Prosecutor: Illinois trial about 'abuse of power'
  • A mega-millionaire who for decades stayed in the shadows of Illinois power even as he wielded enormous influence looked on Wednesday at his corruption trial as prosecutors shined a bright light on allegations that he used his political sway to try to shake down a Hollywood executive.

  • 10/04/2011 - Ventas CEO to Participate in DLA Piper Global Real Estate Summit
  • Ventas, Inc. said today that Debra A. Cafaro, its Chairman and Chief Executive Officer, will participate in a panel discussion at the DLA Piper 10th Global Real Estate Summit in Chicago, Illinois on October 4, 2011, at 9:30 a.m.

  • 10/03/2011 - Home sales’ economic impact significant
  • Economists talk about the importance of home sales during an economic recovery. The impact, direct and indirect, of the sale of a single house is significant. The Regional Economics Applications Laboratory at the University of Illinois developed an input-output model to calculate the multiplier effect on the economy. In 2010, expenditures in construction, retail trade, transportation, finance ...

  • 10/02/2011 - Stage is set for Cellini trial
  • William Cellini amassed a fortune by keeping himself close to the state’s political stage while taking care to stand behind the curtain.His influence with Illinois governors began with Richard Ogilvie and stretched to convicted former Gov. Rod Blagojevich . For decades, it paid off handsomely.From landing Illinois’ first casino boat license, to road construction, to a failed hotel venture, to ...

  • 10/02/2011 - Stage set for William Cellini trial
  • William Cellini amassed a fortune by keeping himself close to the state’s political stage while taking care to stand behind the curtain.His influence with Illinois governors began with Richard Ogilvie and stretched to convicted former Gov. Rod Blagojevich . For decades, it paid off handsomely.From landing Illinois’ first casino boat license, to road construction, to a failed hotel venture, to ...