Articles About Development

Author:
Tom Silva
Posted:
04.21.2009

Dr. Geithner’s Harsh Medicine

The Obama administration has proposed the most comprehensive overhaul of the nation’s financial industry since the Great Depression.  The measures, as outlined by Secretary of the Treasury Timothy Geithner, will require regulation of hedge funds for the first time and give government wide-ranging powers to seize and take apart companies that are perceived as threats […]

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Author:
Margaret Blum
Posted:
04.07.2009

Cornerstone Packs a Powerful Economic Punch

Cornerstone’s  impact on Grayslake and Lake County goes far beyond the jobs, residences, shopping and entertainment opportunities it creates.  We specifically designed the project to create positive financial benefits for the schools that will serve the 650-acre mixed-use community. Cornerstone will benefit local school districts’ financial health at a time when the tax revenues that […]

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Author:
Steve Park
Posted:
04.02.2009

Cornerstone Gets the Green Light

Cornerstone’s launch fulfills William A. Alter’s 30-year vision that began when the legendary real estate titan acquired the first of what now comprises 650 acres in central Lake County. As a mixed-use development pioneer, Bill Alter understood that differing residential products could- and would — flourish, complete with nearby stores.  Cornerstone is taking Bill’s vision […]

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Author:
Tom Silva
Posted:
12.11.2008

The Alter Group’s One11 West Illinois Street Receives Praise from the Chicago Tribune’s Blair Kamin

The Alter Group’s One11 West Illinois Street, its 10-story, 227,604 SF Class-A-to-own office building in downtown Chicago’s dynamic River North neighborhood recently received a rave review and from the Chicago Tribune’s Pulitzer Prize-winning architectural critic Blair Kamin. Kamin praised architect Martin F. Wolf, Senior Principal with Solomon Cordwell Buenz & Associates, who “was challenged with a […]

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Author:
Tom Silva
Posted:
10.16.2008

Chicago Spire Construction Delayed

A sign of the times from GlobeSt.Com:  Construction of the high-profile Santiago Calatrava-designed and engineered Chicago Spire condominium tower has been postponed – a victim of the ongoing economic slowdown.  The building is still in its infrastructure-construction phase, with the neighborhood’s utilities undergoing updates to support the structure and its residents.  With work at a […]

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Author:
Tom Silva
Posted:
04.23.2008

Study Break

On NAIOP member Jack Schultz’s list of Top 10 Development Trends for 2008, one really stands out. Following Kalamazoo, MI; Newton, IA; and El Dorado, AZ, have promised to pay for the college education of anyone who completes grade and high schools.  In light of of the economic flux that we are currently in, this seems like a […]

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Author:
Tom Silva
Posted:
04.21.2008

The 7 Habits of Highly Effective CREs

The Spring 2008 issue of Development Magazine quotes Mark Gibson, Leader, Strategy and Operating Real Estate Advisory Services for Ernst & Young, on the seven skills that corporate real estate executives should bring to the table, listing them in order of importance: Project Management Strategic Planning Process Implementation Understand the Business Fortitude Real Estate Real […]

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Author:
Tom Silva
Posted:
04.10.2008

Fine Wine and Cultural Institutions

When you embark upon a construction project today, the process is one of tight controls, vigilant attention to detail, and a careful balance of cost, schedule, safety, and quality.  Industry professionals are highly skilled and often highly specialized.  It takes an integrated team effort including the owner, design professionals, construction professionals, and many other stakeholders […]

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Author:
Tom Silva
Posted:
04.01.2008

Silicon Valley on the Lakes

One of the interesting drivers for new development may be the exchanges for futures and options which are seeing some consolidation.  A recent article in the March issue of Business Week Chicago profiles the acquisition of the Chicago Board of Trade by the Chicago Mercantile Exchange to form CME Group — a blockbuster deal that […]

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Author:
Tom Silva
Posted:
03.21.2008

The Echo Boom Heard Loud and Clear

A recent report by Crain’s Real Estate Report (2/28/08) features a story about Schneider Logistics, an Evanston, IL-based company moving to downtown Chicago for one reason — the need to recruit young college graduates. According to Vice-president and General Manager Charles Craigmile, “it’s much better from a recruiting standpoint. Evanston is beautiful, but it’s tough […]

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