 SHOWROOM/WAREHOUSE
Johnsburg - 9,000 SF pre-engineered steel building with 3,600 SF air conditioned showroom and 5,400 SF clear span warehouse. Up to 20' ceilings. Price slashed to $399,000 ($44.33 psf!). Click photo for specs
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 BANQUET HALL/RESTAURANT
Richmond - 17,680 SF closed facility on Rt. 12 screaming for someone with energy and creativity to take full advantage of the nicely remodeled interior space. Owner will finance. Reduced to $1,100,000. Click photo for specs
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 SPECTACULAR HORSE FARM
Elgin - 25.9 acres with modern 2,900 SF 4 bedroom ranch with indoor arena, fenced paddocks and more. Reduced to $950,000.
Click photo for specs
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 CRYING FOR A BUYER
Woodstock - 9,000 SF free-standing office building with 34 car paved lot. Great condition. Owners have decimated the price to get out quickly. $499,000! ($55.07 psf).
Click photo for specs
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 TRANSACTION OF THE MONTH
INDUSTRIAL SPACE
Lake in the Hills- 9,660 SF masonry industrial space with 2 docks and drive in door, fully air conditioned with clear span 13' ceilings. Leased for undisclosed price to Crystal Lake Cardinals Baseball Association NFP. |
ONLINE AUCTIONS TAKE FRONT AND CENTER
By Bruce Kaplan
In a previous issue we talked about the advent of online real estate auctions. A number of companies have ventured into this arena and a couple have emerged as industry leaders. Traditional auction companies that conduct what are called "public outcry" auctions are still around but they appear to be taking second fiddle to the online counterparts. We occasionally see "sealed bid" auctions but they don't fit the business model where co-operating brokers can easily get a piece of the action. Auction.com and Auctionpoint.com are the two major players in the on-line auction business that are re-writing the script on how auctions are being conducted. These firms are bringing billions (with a "B") worth of real estate to the market monthly. In the case of auction.com, they allow a broker with a listed property to insert that property into the auction format. The seller can put a reserve price on the property so that if the highest bid doesn't meet that reserve, the owner does not have to sell. The buyer pays a "buyers premium" of 5% of the purchase price. The broker gets the contracted listing commission. The seller gets rid of that albatross around his neck. Auctionpoint.com does charge a fee to the seller upfront and expects the broker to do the bulk of the marketing. Auction.com funds its massive marketing budget by collecting the 5% buyer's premium and a $5,000 sellers fee which can be waived under certain circumstances.
Premier tried Auctionpoint.com on a couple of our listed properties and did not have success. No serious bidders equated to no success and we have a hard time endorsing their firm. We are trying Auction.com on several listed properties for a December auction. We will tell you how it pans out in our December issue. We are trying to be proactive and we hope we can get some of our clients out of some nasty situations. Call us if you would like more information.
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SUBURBAN OFFICE VACANCIES CREEP UP IN THIRD QUARTER 
By: Ryan Ori October 10, 2011
(Crain's) - The suburban office market took a step backward in the third quarter, ending a yearlong streak of declining vacancies.
Overall vacancy in the Chicago suburbs bumped up to 24.7% in the third quarter, from 24.5% after the second, according to Chicago-based Jones Lang LaSalle Inc. Direct vacancy, which does not include vacant space that is available for sublease, rose to 21.5% from 21.1%.
"I think it will be a couple of years before we start seeing any large upticks (in occupancy)," says Eric Kunkel, a tenant representative for Chicago-based Jones Lang LaSalle. "I've been in real estate for 30 years, and this is about as bad a period as I've seen. We've got a long road to get down to a more normal vacancy rate."
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INDUSTRIAL VACANCY LOWEST SINCE 2009 
By: Ryan Ori October 17, 2011
(Crain's) - The slowing economy isn't slowing down the local market for industrial real estate.
The vacancy rate for Chicago-area industrial property fell to 11.3% in the third quarter, down from 11.8% in the second quarter and 12% a year earlier, according to Colliers International. It was the lowest local vacancy rate since first-quarter 2009.
Net absorption, a key demand gauge representing the change in the amount of lease and occupied space compared with the previous three-month period, was nearly 5 million square feet. That increase, the largest jump in one period since the final quarter of 2007, followed two quarters of negative absorption.
"The pent-up demand from the last several years finally came to fruition as companies felt comfortable taking on expansion projects," says David Bercu, a principal in Colliers' Rosemont office. "They were embraced by landlords who had space sitting empty and were aggressive in their lease and sale proposals. The pent-up demand had to be satisfied at some point."
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REAL ESTATE DONATION OVERVIEW
Article Provided by Restoration America
Real Estate Donations (REDS) is a nation-wide, 501(c)3 charity organization with the unsurpassed ability to liquidate real estate and other properties for charities.
Most charities are incapable or unwilling to accept non-cash donations due to the difficulty of disposing and converting them to cash. Concerns can include the initial dollar outlay to acquire the property, salability, environmental issues, etc. Real Estate Donations is the facilitating charity with the resources to effectively evaluate, correct, market, close, and disperse the funds. Whether homes, vacant land, commercial buildings, industrial property, or even cars, boats, and planes, Real Estate Donations has the expertise to handle any type of donation. Our fee is never paid until the property is liquidated and funds are dispersed. Historically we have been able to return 70-90% of a gift's value to the intended charity!
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INDUSTRIAL MARKET OVERVIEW
by George A. Cutro, Colliers International Chicago
User Demand Escalates
Demand for industrial space rose significantly in the Metropolitan Chicago Area during the third quarter. Leasing activity was up more than 27 percent from the previous quarter, while sale volume improved 1.0 million square feet. This contributed to positive net absorption, erasing two consecutive quarters of negative results.
VACANCY AND SUPPLY
The Metropolitan Chicago Area vacancy rate fell 48 basis points from the previous quarter mark of 11.76 percent to 11.28 percent. The improvement was more pronounced when compared to one year ago when the vacancy rate measured 11.98 percent - a 70-point decline. A surge in user demand was the impetus to the vastly improved results.
With below-average space returning to the market in the third quarter, available industrial supply totaled only 147.4 million square feet. This marks the first time supply fell below 150.0 million square feet since the first quarter of 2009 when 145.1 million square feet were available.
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STOP THE WALGREENS FLU SHOT HARRASSMENT!!!
By Mike Adams, the Health Ranger, NaturalNews Editor October 13, 2011
(NaturalNews) Accounts are pouring in to NaturalNews that Walgreens customers feel they are being verbally harassed by Walgreens employees at the checkout counter over flu shots. Multiple accounts from NaturalNews readers describe aggressive verbal harassment by Walgreens employees who appear to be "over the top" in pushing flu shots, even onto pregnant women!"I get my scripts filled at Walgreens so they know me real well at the one I go to," one reader told NaturalNews. "When I was pregnant they kept trying to push one on me and I kept refusing them." Several readers who say they are Walgreens employees have also reported to NaturalNews -- and requested anonymity out of fear of losing their jobs -- that they were being rewarded with incentives or threatened with reprimands if they met a certain "goal" of pushing a certain number of customers into getting flu shots. "I have been told that I have to push the flu shot on my customers, arrange flu shot clinics at off-site locations and draw up flu shots to give to the customers," one person who claimed to be a Walgreens employee told NaturalNews. They added, "Please don't blame the employees who are asking about the flu shot, they are having their jobs threatened," indicating the existence of a feeling of intimidation by their employer.
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
THIRTEEN THINGS YOUR BURGLAR WON'T TELL YOU :
1. Of course I look familiar. I was here just last week cleaning your carpets, painting your shutters, or delivering your new refrigerator.
2. Hey, thanks for letting me use the bathroom when I was working in your yard last week. While I was in there, I unlatched the back window to make my return a little easier.
3. Love those flowers. That tells me you have taste... and taste means there are nice things inside. Those yard toys your kids leave out always make me wonder what type of gaming system they have.
4. Yes, I really do look for newspapers piled up on the driveway. And I might leave a pizza flyer in your front door to see how long it takes you to remove it..
5. If it snows while you're out of town, get a neighbor to create car and foot tracks into the house. Virgin drifts in the driveway are a dead giveaway.
6. If decorative glass is part of your front entrance, don't let your alarm company install the control pad where I can see if it's set. That makes it too easy.
7. A good security company alarms the window over the sink. And the windows on the second floor, which often access the master bedroom - and your jewelry. It's not a bad idea to put motion detectors up there too.
8. It's raining, you're fumbling with your umbrella, and you forget to lock your door - understandable. But understand this: I don't take a day off because of bad weather.
9. I always knock first. If you answer, I'll ask for directions somewhere or offer to clean your gutters. (Don't take me up on it.)
10. Do you really think I won't look in your sock drawer? I always check dresser drawers, the bedside table, and the medicine cabinet.
11. Here's a helpful hint: I almost never go into kids' rooms.
12. You're right: I won't have enough time to break into that safe where you keep your valuables. But if it's not bolted down, I'll take it with me.
13. A loud TV or radio can be a better deterrent than the best alarm system. If you're reluctant to leave your TV on while you're out of town, you can buy a $35 device that works on a timer and simulates the flickering glow of a real television. (Find it at http://www.faketv/ ...com/)
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News of the new 4-way interchange in Huntley has the industry buzzing as this will give McHenry County its only access to I-90. Bryn Kass of Huntley expects the bid letting to occur in January of 2012. This will be a huge boon to all sorts of economic development. Of course the good news comes with a cost. IDOT announced a 35 cent toll increase to fund the 15-year capital project plan that includes this new interchange. We have some properties listed in Huntley that bear a closer look with this great news.
We welcome a new vendor to our Select Vendors list; Corporate Valuation Advisors who can help you with real estate tax protests. This Firm has donated $200 to the Food Pantry program. We encourage you to patronize all our Select Vendors throughout the year. Joe Billitteri and Linda Kost attended the ICSC deal making session in Chicago on October 5. Lots of good contacts were made and the networking was excellent.
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