Articles About Development

Author:
Matt Ward
Posted:
01.07.2010

Two New Studies: Commercial Real Estate Recovery Seen in 2011

Commercial real estate will begin its long-awaited recovery in late 2011 or 2012, according to the fourth-quarter Korpacz Real Estate Investor Survey, which questioned more than 100 real estate investors, including REITs, pension funds, private equity firms and insurance and mortgage companies.  Confirmation is provided by a PricewaterhouseCoopers survey, which notes that Washington policymakers are […]

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Author:
Chris Manheim
Posted:
01.04.2010

CB Richard Ellis’s Incentives Rankings Are Realistic

I was recently asked to comment on CB Richard Ellis’ recent “EIG State Incentives Ranking Report”  as an Certified Economic Developer who has been practicing in Illinois for nearly 30 years. Click on the link and take a look at the map and state rankings list that’s generated.  Illinois, Indiana and Iowa are marked “competitive.” […]

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Author:
Ron Clarkson
Posted:
12.22.2009

Chicago Spire Still May Soar

The Chicago Spire may restart construction, thanks to a group of union pension funds that want to put their members back to work and are in discussions to lend Irish developer Shelbourne Development Group $170 million to complete what would become the nation’s tallest building. The Spire’s construction came to a halt when the global […]

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Author:
Mark McDowell
Posted:
12.21.2009

Obama’s Job Plan Will Be More Successful if Driven by the Private Sector

President Barack Obama is well aware that private sector investment creates the majority of sustainable jobs, even though it goes against human nature to invest during hard economic times.  Federal stimulus money has saved/created between 600,000 and 1,500,000 jobs, according to the Congressional Budget Office – a faction of the 7,500,000 million jobs lost.  Lest […]

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Author:
Kurt Rosene
Posted:
12.15.2009

Arizona Ponders Sale/Leaseback of Some State Buildings to Cover $3.4 Billion Deficit

The cash-strapped State of Arizona may sell the identical House and Senate buildings where legislative business has been conducted for 50 years. A total of 32 properties within the Capitol complex, valued in excess of $1 billion, may be sold and leased for several years prior to assuming ownership again.  Investors would benefit from long-term […]

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Author:
Pat Gallagher
Posted:
12.10.2009

Manufacturing Firing Up the Engines Again

Manufacturers are feeling sunnier, according to a new Price Waterhouse Coopers poll. The poll, which queried senior executives at 60 industrial manufacturers between mid-July and mid-October, found that 48 percent sense optimism about the American market compared with last year an improvement over the second quarter.  In light of this cautious optimism, 23 percent expect […]

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Author:
Mike Ochs
Posted:
12.09.2009

House Sales, Prices on the Upswing

Home prices nationally are on the rise again, according to a new report issued by the Standard &Poor’s/Case-Shiller Home Price Index. The average sale price rose 3.1 percent during the third quarter of 2009, the same percent increase reported during the second quarter.  On the downside, that statistic is still nine percent lower than the […]

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Author:
Matt Ward
Posted:
12.08.2009

Costco Likely Heading to Old Kiddieland Site

Melrose Park’s legendary Kiddieland amusement park may be history, but the site on the northwest corner of North and First Avenues could become home to a long-rumored Costco store. Washington-based Costco’s Chief Operating Officer and Senior Executive Vice President, Dick DiCerchio, has confirmed rumors about the prime site’s potential use.  According to DiCerchio, “The plans […]

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Author:
Tom Silva
Posted:
12.07.2009

World to Restructure $26 Billion Worth of Real Estate-Related Debt

Dubai World has entered into discussions with its banks to restructure its $26 billion worth of debt, including $3.5 billion owed by its property unit, Nakheel.  Dubai World is Dubai’s flag bearer in global investments.  As a holding company it operates a highly diversified spectrum of industrial segments and plays a major role in the […]

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Author:
Matt Ward
Posted:
12.03.2009

Chicago’s Trump Tower “Grows”, Now Is the World’s Sixth Tallest Building

Chicago’s high-profile skyscraper, the 92-story Trump International Tower & Hotel,  is now the world’s sixth tallest building – a step up from its previous status as the seventh.  The reason?  The Chicago-based Council on Tall Buildings and Urban Habitat, the group that sets height standards  for buildings, changed its measurement criteria. The discarded standard required […]

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