April 05, 2013 No question – 2012 was the year of healthcare. In one of the most significant rulings in recent memory (perhaps since the awarding of the presidency to George W. Bush in 2000), the Supreme Court upheld President Obama's health care law in a nuanced interpretation of federal versus states’ rights. Read more...
March 22, 2013 Downtown is back as the first spec building since 1998 gets under way. McDermott, Will & Emery leased 225,000 square feet at the 41-story 444 W. Lake, which got the green light to start construction. It is a sign of how much the market has improved that the building failed to get underwritten with 640,000 square feet of leases as recently as 2009. Clearly investors have faith in the strength of Chicago as a major business and cultural capital. Read more...
January 25, 2013 The Small Business Administration recently finished its fiscal year, and it was a record year on most all accounts. During fiscal year 2012, more than $1 billion in SBA loans were approved for small businesses in the State of Illinois alone. This represents a substantial increase over 2011. Read more...
July 20, 2012 While the reimbursement-dependent portions of the seniors housing market remain at a crossroads, other sectors are benefitting from the improving economy and housing market. Read more...
June 22, 2012 As the economy continues to stabilize, many retailers are letting out a sigh of relief. However, despite the improvements in consumer confidence and the business environment, few traditional retailers are actually expanding in the current marketplace. Read more...
March 27, 2012 Read more...
September 26, 2011 By most measures, the national commercial real estate market is well into its recovery phase. And Chicago, the nation’s third largest metropolitan market, is following this trend. It may not be recovering as quickly as coastal markets such as New York, Los Angeles, San Francisco and Washington, D.C., but all of its vital signs are pointing up Read more...
September 26, 2011 Brian W. Kling, senior vice president; and Thomas M. Condon, senior vice president, both with the Industrial Advisory Group of Colliers International | Chicago, represented CenterPoint Properties in a 100,377-square-foot new long-term lease to Lenze at 125 Wall Street Trail in Carol Stream, Ill. Read more...
August 02, 2011 Throughout the past decade the United States has focused on reducing our reliance on the manufacturing industry while looking to boost the service industry to create more jobs – particularly in the financial sector. However, as was made clear by the devastating turn of events in the past few years, our economy cannot rest solely on the strength (or lack thereof) of our financial industry. Read more...
July 20, 2011 Foreclosure auctions involving lenders are a typical option investors use to acquire distressed properties. However, many investors are acquiring properties by opting to purchase a foreclosing lender’s note and mortgage at a discount. This article examines common pitfalls relating to collecting rents when an investor purchases a note and mortgage on distressed commercial properties. Read more...
