Category Archives: Illinois

RentHop study: When it comes to dragging down apartment rents, not all crimes are created equal

by Dan Rafter Plenty of factors cause apartment rents to rise and fall. But how about crime rates? Do high crime rates automatically result in lower apartment rents? Usually, according to a new study from RentHop. But the type of … Continue reading

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Build-to-Suit 2.0: Not your grandfather’s office building (Or timeline)

By Steve Wright, Wright Heerema Architects and Tim Sweeney, Quadrangle Development Company Has your office space begun to feel like an old iPhone—you’d love to upgrade, but the infrastructure just isn’t there?  You’re not alone. Many companies today are finding … Continue reading

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ABODO study: Apartment rents starting to rise again

The average one-bedroom apartment is renting for $1,016 a month this June across the United States, according to a recent report from ABODO. That’s up a bit from the lowest point of the year, an average of $1,003 in March. … Continue reading

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Baby boomers have high expectations for senior housing. Developers aim to deliver

by Sara Freund Amenities that create a more thoughtful community are a trend in nearly every commercial sector—and senior housing is no exception. Matt Booma, executive vice president of CA Senior Living, knows that in this market going beyond the essentials is … Continue reading

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Some bet I-57 is on track to get even more industrial growth

by Sara Freund Developers aren’t worried about industrial slowing down—even with 17.9 million square feet of new construction in the sector—and they expect demand for this property type to continue. But there are some factors that might cause uncertainty. Construction costs are … Continue reading

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To survive as a brick-and-mortar retailer today? Value pricing and experiences are key

by Dan Rafter If a bankruptcy judge agrees, Payless Shoes will close 800 stores across the United States this year. Michael Korrs, a maker of luxury handbags, will close more than 100 stores. Children’s clothing store Gymboree looks poised to … Continue reading

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No boom, but steady activity: Construction market humming along in Chicago area

by Dan Rafter John Reilly, president of Des Plaines-based Peak Construction Corp., sees plenty of positives when it comes to construction activity in the Chicago area. He predicts that even more construction cranes will dot the sky around the city … Continue reading

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