 Clubhouse Facility
Click photo for specs |
 Bank ForeclosuresCrystal Lake & Lake in the Hills - Two 1,250 SF office condos in professional business parks. Nice condition! Reduced way below market price. $109,900 each.
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 S-W-E-E-T Buy!
Lake in the Hills - 1,228 SF freestanding single story office on busy Algonquin Rd. Great signage. Ideal for attorney, accountant etc. $149,900.
Click photo for specs |
 Rare Outside StorageWauconda - 4,550 SF masonry industrial building on 3/4 acre with fenced outside storage. 15' ceilings, 2 DID's. 200 & 400 amp services. $385,000 (sale); $8 psf gross (lease).
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 Transaction of The Month
2525 Route 31
McHenry- Leased a 6,000 SF Staples anchored retail space to be retrofitted into a physical therapy facility. |
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Real Estate Prices - Have They Hit Bottom?
By: Bruce Kaplan
Commercial real estate values have been the victim of a convergence of negative economic forces over the last three years. Unlike the recession of 1979-1981, interest rates are not the culprit. Lost jobs of 7.5 million Americans has taken the demand out of the supply and demand equation while availability of capital, until recently, had all but dried up. Vacancy rates for all commercial property types have soared as a result, causing values and rents to plummet. If you've been paying attention, none of this is news to you.
To watch commodity prices go through the roof while commercial real estate prices are kicked around like a dog (for the record, I don't kick my dog) has been a painful experience. Gold and silver, oil, copper, sugar, wheat, etc are all blowing the doors off of their former price points. This condition is said to be setting up an inflationary period in our near future. That will force real estate prices to resume their normal upward trend. If you can hold onto your commercial real estate long enough, it will provide you with a hedge against inflation. If you don't have any commercial real estate in your portfolio, you will lose out on the benefits.
Click to read article |
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Social Media: Business Value or Wasted Resources?
Author: Howard Berger, Managing Partner, REALCOMM
Social media in the commercial real estate industry continues to be a hotly debated topic. Attitudes and policies among different companies are wide ranging and varied. The brokerage community has also found some traction with broker-to-broker and broker-to-client prospecting. Apart from those specific channels, it appears that the rest of the industry is still struggling to figure out the business value.
Click to read article |
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Industrial demand 'disappointing' in first quarter
By: Eddie Baeb April 18, 2011
(Crain's) - The vacancy rate for warehouse and factory space in the Chicago area held steady in the first quarter while a key demand gauge was negative, a sign that any recovery in the market is likely to be slow and choppy.
The vacancy rate for industrial real estate was 11.6% in the first quarter, matching the year-end level, according to data from Colliers International.
The rate, however, is well below the year-ago period, when it hit 12.3%, highest in more than two decades.
Click to read article
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Will Commercial Real Estate Provide a Good Hedge Against Inflation?
Apr 12, 2011 8:15 AM, By Victor Calanog, NREI Contributing Columnist
It seems to be only a matter of time before higher inflation makes its way into official U.S. figures. Countries like Brazil and China are already struggling with it, and even countries with unused capacity like the United Kingdom have to deal with faster than expected price increases.
Click to read article
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
Here's a little poem that we discovered that someone wrote protesting the amount of taxes we are forced to pay just to live. You have to wonder how we allowed this to happen.
Tax his land,
Tax his bed,
Tax the table,
At which he's fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his work,
Tax his pay,
He works for
peanuts anyway!
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries
Tax his tears.
Continue reading |
Strike a blow for private property rights! You may have heard Bruce won the election for Cary Trustee earlier this month. He was the top vote getter out of 9 candidates. His 3 running mates also won, giving them effective control of the 7 person Board. You may recall the former Village Board opted to change a tax to commercial property owners who wanted to put a "For Sale" or "For Lease" sign in front of their property. Bruce and his running mates will be sworn in on May 3. You can be assured there will be no taxes paid for putting a sign in front of your property!
If you haven't had the chance to check out our new Power Team website, please log onto www.profit-success.net to check it out. We've received quite a few rave reviews so tell us what you think! |
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