Economists Suggest CRE Investments During Inflation
Companies and individuals are concerned with how long this inflationary period will last and what can be done to combat a loss in cash flow. Investing in commercial real estte may just be the answer, suggests economists.
Good News in CRE: November
November 8, 2021 marked the end of a 20 month international travel ban. What’s next? Conventions, increased occupancy in downtown hotels, a surge for Chicago restaurants and shops, and more.
3 Reasons to Use a Commercial Real Estate Broker for Lease Renewals
Here are three reasons to hit the pause button and reach out to a commercial real estate broker before renewing your lease.
Suburban Growth in the Covid-Era
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.
Good News in CRE: October
Our firm continues to see an increase in medical real estate activity, especially as hospital organizations trend toward a hub and spoke model.
Medical Real Estate Prioritizes Hub and Spoke Strategy
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
Good News in CRE: September
•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.
Good News in CRE: August
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.
Good News in CRE: May Recap
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.
ODCRE in the News: Investors to turn Pheasant Run into industrial park
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.