Effectively using letters of intent in real estate negotiations
Before agreeing to a real estate sales contract or lease, the parties may prepare a letter of intent, term sheet or other form of preliminary…
real estate
Multicultural retirement community, Verandah, to open in suburban Chicago
Aman Living, a Frankfort, Illinois-based developer will host a grand opening of its newest Chicago-area development, Verandah Retirement Community on October 28. Located at 900…
J.C. Anderson builds out office warehouse/space for Glass Solutions Inc.
J.C. Anderson has completed a 108,000-square-foot office/warehouse build-out for Glass Solutions, Inc. at 960 Maplewood Drive in Itasca, Illinois. The project consisted of a 23,000-square-foot…
Von Maur department store plans to open seventh location in Illinois
Von Maur Department Store announced plans to open a 130,000-square-foot store at Orland Square in Orland Park, Illinois. Scheduled to open fall 2019, the store…
TCS Education System relocates to Loop high-rise
Cushman & Wakefield was engaged by TCS Education System for a long-term lease signing and build-out at 203 N. LaSalle Street to advance the nonprofit's…
Principle Construction completes tenant build-out in Bridgeview
James Brucato and Mark Augustyn, principals of Principle Construction Corp., announced that the firm has completed a 162,014-square-foot tenant improvement project for Rex Carton at…
Entre Commercial completes sale of McHenry office building
Entre Commercial Realty LLC has successfully brokered the sale of a 65,000-square-foot office/flex building located at 1391 Corporate Drive in McHenry, Illinois to Papazyan Capital…
MBRE Healthcare acquires 93,000 SF of medical space in Chicago
MBRE Healthcare has teamed with Arbor Lodging Partners and Metro Park Inc. in the acquisition of 93,000 square feet of medical office space, a 352-room,…
NAI Hiffman secures seven lease transactions at Oak Brook Regency Towers
NAI Hiffman has represented American Realty Advisors in seven lease transactions totaling more than 70,000 square feet at Oak Brook Regency Towers.
Red Roof expands The Red Collection with Springfield hotel
State House Inn, the second property and first franchised property in The Red Collection, Red Roof's first soft-brand, has opened in Illinois' capital city, Springfield.…