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Illinois Real Estate Industry News

UCPU Hosts Debate on Illinois Rent Control Ban

04/19/2018 The opposition argued that high property taxes throughout parts of Illinois force residents to leave their homes in search of communities with more manageable rates, and that those who suffer from rent control are often not the ones who choose to implement it.

Top 10 Subdivisions in Montgomery, IL - April 2018

04/19/2018 Marquis Pointe is a subdivision of single family homes built by Hartz Homes starting in the late 2010s. Marquis Pointe is located in Montgomery, Illinois north of Montgomery Road and east of Mill St/Broadway Road. Saratoga Springs - 2 homes for sale (Avg ...

Chicago investment advisor gets 12 years in prison for defrauding elderly

04/18/2018 The Orland Park, Illinois-based advisor used some of the ill-gotten cash ... including his own in-laws and two clients who resided in nursing homes, the government alleged. Glick, who owned three accounting and financial services firms, provided forged ...

Does Illinois matter anymore?

04/18/2018 Elites have their weekend retreat homes in Wisconsin, Michigan, sometimes Montana and Wyoming, not Illinois. So, out of sight, out of mind, Illinois. Downstate Illinois, in particular, is becoming a backwater. In very recent years, ADM and CAT moved their ...

Agreement with Illinois’ Largest Utility Could Jump-Start Private Microgrids

04/19/2018 A new agreement with Illinois’ largest utility ... separate and function as an “island” – i.e. it continues to operate and provide power to homes and businesses connected to the microgrid. This ability is often referred to as “islanding ...

Reduced Sales Activity, Rising Home Values Dominated First-Quarter Trends in Metro Chicago Housing Market, RE/MAX Reports

04/18/2018 "The shortage of homes for sale continues to play a dominant role in the market," observed Jeff LaGrange, Vice President, RE/MAX Northern Illinois Region. "The total listing inventory at the end of March was -8.8% below the comparable 2017 level ...

Developers Hoping to Bring Small Smart Homes to Reno

04/15/2018 Kasita says the homes can be put almost anywhere ... Eldorado Resorts, Inc. announced Monday it's buying the Grand Victoria Casino in Elgin, Illinois for $327.5 million in cash. Eldorado Resorts, Inc. announced Monday it's buying the Grand Victoria ...

ProPublica Illinois a Finalist for the Pulitzer Prize for Local Reporting

04/16/2018 He gathered data on single-family homes and apartment buildings to understand how average ... Grotto and his colleagues, which included ProPublica Illinois data reporter Sandhya Kambhampati and Chicago Tribune reporter Ray Long, also documented problems ...

Quincy property taxes lower than most in Illinois

04/12/2018 The Taxpayers Federation of Illinois issued a comparison of cities with populations ... $17,234 that homeowners in Park Forest paid in property taxes on their $250,000 homes. That doesn't make the tax popular, and it probably won't make local taxpayers ...

McCaleb: Illinois' property tax burden needs bipartisan solution

04/12/2018 Illinois' crushing property taxes don't discriminate. They are forcing Democrats, Republicans and people of all political persuasions to make difficult decisions about whether they can afford to stay in their homes. It will take Democrats and Republicans ...

More toll lanes could be coming to Chicago area as highway funds lag

04/16/2018 Illinois Department of Transportation Secretary Randy Blankenhorn ... they just want to know they can safely get from their homes to work and back in the evenings,” Schillerstrom said. “And if we can help to move them along in a quicker, more ...

Real Estate Rumors: Edge, EY, Turnberry

04/13/2018 The deal is for the 325-unit Optima Chicago Center located at 200 E. Illinois St., Crain's said. The seller is a venture of DeBartolo Development and Optima, according to the report. Accounting giant EY has reached a deal to lease two floors of an office ...

Judge says Chicago's lead pipes cause contamination but throws out class-action lawsuit

04/13/2018 Mayor Rahm Emanuel’s administration has fended off a lawsuit demanding the removal of lead pipes connecting homes to the public water system ... grounds” based on other court rulings that limit Illinois residents from seeking damages when government ...

McCaleb: Illinois’ crushing property tax burden needs bipartisan solution

04/13/2018 Illinois’ crushing property taxes don’t discriminate. They are forcing Democrats, Republicans and people of all political persuasions to make difficult decisions about whether they can afford to stay in their homes. It will take Democrats and ...

Real Estate Logic – Disclose the Defects

04/14/2018 In the old days, buyers purchased real estate by signing a purchase agreement that stated the buyer was getting the property in “as is” condition or “Caveat Emtor” which is Latin for “Let the buyer beware.” Since 1994, Illinois has required the ...

Chicago investor putting $10 million into Canonsburg industrial building

04/13/2018 Chicago-based real estate investment investment firm T2 Capital Management ... AXE), a publicly traded electrical distributor based in Illinois. T2 is working with Fukui Architects, Gateway Engineers and P2 Contracting on the redevelopment, which is ...

Gross Point Towers, Skokie, Illinois - April 2018

04/12/2018 Gross Point Towers is located in Skokie, Illinois on Gross Point Road north of Church Street and west of Skokie Blvd. There are currently 3 homes for sale ranging from $199,000 to $270,000. This is managed by Rosen Management. Marco Amidei in an IL ...

Illinois sues retail electric supplier over hard-sell tactics

04/10/2018 The first residential customers in Illinois began buying their power through alternative suppliers in 2008. ComEd and other utilities still deliver the power to customers’ homes. As of May, there were almost 1.9 million residential customers using ...

Peoria receives $100,000 grant to demolish abandoned homes

04/10/2018 PEORIA — City officials received a state grant of more than $100,000 to aid in demolishing abandoned homes in South Peoria. The grant, announced Tuesday, is from the Illinois Housing Development Authority and provides for $106,164.43 for demolishing ...

Hub International Introduces New Umbrella/Excess Risk Purchasing Group Insurance Program For The Commercial Real Estate And Hospitality Industries

04/11/2018 About Hub International Headquartered in Chicago, Illinois, Hub International Limited (HUB ... umbrellaexcess-risk-purchasing-group-insurance-program-for-the-commercial-real-estate-and-hospitality-industries-300627856.html

Veteran Retail Real Estate and M&A Professional Jim Terrell Joins A&G Realty Partners as Senior Managing Director

04/09/2018 Prior to that, he served as Senior Vice President of Real Estate for Ashley Furniture ... Terrell, a Certified Public Accountant and a Licensed Auctioneer in the State of Illinois, is a resident of Harvard, Ill. He graduated from St. Bonaventure ...

DuPage County Named Most Expensive Housing Market in Illinois

04/09/2018 It appears a northern Illinois county is home to the most expensive housing ... County sit at $1,280 with a median household income of $81,521. Roughly 3 percent of homes in the county are valued at over $1 million. But DuPage County doesn’t even come ...

Springfield couple that bought subsided home sues real estate company

04/09/2018 A Springfield couple recently sued local real estate company, The Real Estate Group ... It will often take years for the Illinois Mine Subsidence Insurance Fund, the state's private re-insurer, to declare a subsidence event over. The Hamiltons chose ...

Lake Center Place, Grayslake, Illinois - April 2018

04/10/2018 Lake Center Place is located in Grayslake, Illinois west of Route 83 just off of Center Street on Lake at 10 N. Lake. There are currently 4 homes for sale ranging from $139,000 to $144,900. This is managed by Kalman Management. Marco Amidei in an IL ...

NRA-ILA Joins Lawsuit Against Illinois Community

04/05/2018 The village of Deerfield, Illinois probably figured no one would care about their ... “Every law-abiding villager of Deerfield has the right to protect themselves, their homes, and their loved ones with the firearm that best suits their needs ...

The Most Troubled Nursing Homes in Illinois are Routinely Understaffed

04/05/2018 An analysis of data from Medicare’s Nursing Home Compare website concluded that nurses and support care staff such as nursing assistants and aides are grossly understaffed at some of the most troubled homes in Illinois. This proves something the nursing ...

Newly Approved Plan Puts Illinois On Promising Renewables Path

04/05/2018 On Tuesday, the Illinois Commerce Commission (ICC ... the development of enough solar energy and wind power to provide electricity to more than 825,000 homes,” adds MeLena Hessel, policy advocate at ELPC. “We’re excited because this plan takes ...

An Illinois town just banned assault weapons. The penalty if you keep one? Up to $1,000 a day

04/06/2018 On Thursday morning the Illinois State Rifle Association announced that they ... “Every law-abiding villager of Deerfield has the right to protect themselves, their homes, and their loved ones with the firearm that best suits their needs,” Chris ...

100 homes seized in pot raids in California

04/04/2018 Most of the buyers were in the country legally and came from as far away as Georgia, Illinois, New York ... criminal organization has put a tremendous amount of equity into these homes through these wire transfers coming in from China and elsewhere ...

You know Illinois' property taxes are sky-high. Here's what you might not know.

04/05/2018 Illinois residents pay the second-highest property taxes in the country (New Jersey has the highest), according to Attom Data Solutions, an Irvine, Calif.-based real estate data company. The average annual effective property tax on a single-family house in ...

SVN | Ramshaw Real Estate, Inc. Completes Sale of Multifamily…

03/29/2018 Alex Ruggieri, CRE, CCIM, CIPS, SEC, MBA of SVN | Ramshaw Real Estate, Inc. brokered the transaction. “There is considerable demand for stabilized multi-family assets from the investment community in this area of Illinois. This portfolio, although a bit ...

GI cases reported at Illinois Veterans Home

03/30/2018 The Illinois Department of Public Health reported Friday that ... Health care facilities, including nursing homes and hospitals, are the most commonly reported settings for norovirus cases in the United States. Norovirus also can occur in closed places ...

Storm destroys homes in Galatia

04/03/2018 Multiple trailer homes off Johnston City Road were destroyed ... WSIL - While many southern Illinois families would argue hunting is a tradition, the U.S Fish and Wildlife Service says for decades, there's been a decline in hunters. Today, only 5 percent ...

Severe storm damages homes in Energy, Illinois

04/03/2018 ENERGY, IL – A thunderstorm ripped the roof off a storage building in Energy, Illinois, Tuesday evening. The damages are on Pershing Street and Haleigh Drive. Police closed the roadway in that area temporarily for safety reasons. Through the night ...

6 beautiful glass homes

03/31/2018 $3,400,000. Greg Kilroy, Keller Williams Realty, (480) 235-4312 and Shawna Glazier, Bespoke Real Estate, (480) 221-9932. Northfield, Illinois. This five-bedroom, award-winning smart home was built by architect Thomas Roszak as his private residence.

Federal budget bill could benefit Illinois Veterans Home

03/28/2018 Duckworth, a former director of the Illinois Department of Veterans' Affairs ... and Duckworth made to Rauner to advocate for the Quincy facility and other veterans homes. "Now it is the governor's turn to uphold his promise to the veterans, residents ...

Median-Priced Homes Not Affordable In 68% Of U.S. Markets

03/30/2018 "Home affordability continues to be a symptom relating to a cultural divide of wage earners," said Michael Mahon, president at First Team Real Estate, covering Southern ... including Cook County (Chicago), Illinois; Harris County (Houston), Texas; Maricopa ...

Illinois APME 2017 newspaper winners announced

03/26/2018 Winners have been announced in the Illinois Associated Press Media Editors 2017 newspaper ... "Displaced Grand Victoria Hotel Residents Find New Homes." Investigative Reporting: 1, Christopher Heimerman, DeKalb Daily Chronicle, "Juarez Murder Follow ...

Dear Downstate Illinois: Please soak Chicago

03/28/2018 Here is a puzzle: Why would downstate legislators want to block a referendum for a progressive income tax in Illinois? It would be a boon to a downstate struggling with failing schools, drug addiction and economic despair. It would soak Chicago.

Targeting Medicaid Fraud Could Hit Nursing Homes Hard

03/23/2018 In other words, no one deserving of Medicaid benefits should have to fear that their benefits will be cut because of greed on the part of doctors, pharmacists, nursing homes, and other healthcare providers. Illinois Targets Medicaid Enrollees with Mixed ...