December 2013 Archives

Commercial real estate deal in Chicago closes for $425M

The skyline of downtown Chicago is one of the most recognizable in the country. Therefore, when one of the buildings that makes up that skyline came up for sale, it was bound to attract attention. Citigroup Center located at 500 West Madison in downtown's West Loop possesses superb views, easy access to public transportation and other amenities that made it appealing to the commercial real estate market.

Small business owners get financial help in Illinois region

During the recession, many Illinois small businesses struggled to keep their doors open and their employees paid. Resources for small business owners are always available, but during the recession, those services took on a new importance. In order for communities to survive and recover from an economic downturn, jobs must be available. Employment options can help people remain in their community to pay their bills and spend their earnings. Without this symbiosis, communities cannot thrive.

Employment contracts approved by Illinois county's workers

County workers throughout Illinois may have heard that the Will County employees were on strike. Recently, the employees' unions ended the 16-day strike when employment contracts received members' approval. Five different contracts were voted on -- one for each of the bargaining units involved in the negotiations.

A look back at 2013 for commercial real estate lenders

The holiday party season in Illinois and around the country has arrived, and that means many people are attending parties and looking back at 2013. Commercial real estate lenders are no exception, and as it turns out, there is a lot to celebrate. Preliminary numbers for the third quarter of this year show a substantial increase in lending when compared to the third quarter of 2012.

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