The Chicago suburbs experienced an influx in real estate activity due to the Covid pandemic. While companies transitioned employees to virtual, city dwellers decided it was time for more space and sought homes throughout the greater suburban market.
Our firm continues to see an increase in medical real estate activity, especially as hospital organizations trend toward a hub and spoke model.
Over the past three decades, the Chicago suburbs have seen a trend emerging in the medical real estate industry; the push towards a “hub and spoke” model. In this concept, hospitals are the central hub, and outpatient and surgery centers, as well as preventative care offices, are the spokes to the system
•This month the SBA opened the application portal for an increase in the COVID EIDL. Previously capped at $500,000, now businesses can apply for up to $2M in funding. The loans have a 30 year amortization with a 24 month deferment option and can be used to pay, or even prepay, commercial debt.
Illinois is now accepting applications for the $250 million Back to Business grant. Businesses that have suffered economic hardship due to COVID-19 can now apply for a grant ranging from $5,000 to $150,000.
The former Maywood Park Racetrack has been repurposed as the Chariot Logistics Center with the name paying tribute to the racetrack where races were held until 2015. Approximately 42,000 tons of concrete were reclaimed from the site.
A shuttered golf course next to DuPage Airport is teed up to become a big industrial project after being sold to a developer looking to cash in on surging demand for warehouse space.
O’DONNELL COMMERCIAL REAL ESTATE, INC. AND COLLIERS INTERNATIONAL SELL 85 ACRE PHEASANT RUN GOLF COURSE
Relocation and expansion of business needs to have a careful analysis and consideration. It can be from downtown to the suburbs or from one city to another. The transfer could
O’Donnell Commercial Real Estate, Inc. FOR IMMEDIATE RELEASE Contact: Susie Farmer Phone: 630-444-0444 Email: susie@odcre.com O’DONNELL COMMERCIAL COMPLETES OVER 57,000 SF OF MEDICAL LEASING ACTIVITY SAINT CHARLES, IL (December 2020)
