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FOR SALE
INDUSTRIAL BUILDING
43,358 SF
7900 Rt. 31, Crystal Lake
Excellent exposure and signage on Route 31! Heavy power manufacturing facility with 5-ton crane, 2,500 SF of additional mezzanine storage (not included in the 43,358 SF). Potential for re-zoning for retail use. Located just North of Super Walmart. Expandable on 3.31 Acres.
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FOR LEASE
COMMERCIAL BUILDING
22,000 SF
1015 N. Randall Rd.,
Elgin
Ideal retail/ recreational or service building. Close to I-90 and Sherman Hospital. Monument signage. Signalized intersection at Home Depot. Heavily traveled Randall Road.
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FOR SALE
INDUSTRIAL BUILDING
42,000 SF
939 S. Rt. 83, Grayslake
42,000 SF one-story steel building consisting of 4,105 sf office with high quality finish; and 37,895 warehouse divided into two sections. 2 additional storage buildings.
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FOR SALE
50-ACRE GOLF COURSE
2120 Crystal Lake Rd.,
Crystal Lake
Great investment opportunity including operating 9-hole golf course, farm house, barn workshop, and newer club house.
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Contact our Brokers for
more information:
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PCR IS ALWAYS LOOKING FOR GREAT AGENTS!
If you're interested in joining our long-established commercial real estate firm and working with other successful agents and an excellent support staff, we'd like to talk to you! We're known for our team spirit and camaraderie among our agents, and we're looking for motivated individuals who will fit into our team. Call Bruce Bossow at 847-854-2300, ext. 12, for a confidential chat.
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From Bruce Bossow's Desk -
"Woulda, Coulda, Shoulda"
|  According to the National Association of Realtors, investors are taking their funds out of stocks, bonds and money markets. They anticipate the reduction in vacancy rates, and supply has resulted in a consensus that real estate will result in higher yields on their investments.
Many traditional banks have returned to commercial real estate lending with attractive rates. SBA government 504 loans are available with as little as 10% down for owner/occupied purchases.
A few years from now, business owners will look back and say, "I SHOULDA bought when prices were only XXX!" Those expanding will say "We COULDA leased or purchased that extra space for only XXX!" "I WOULDA done that, but I needed a good real estate advisor to keep me up on market trends!"
Next time, select one of our knowledgeable agents to quarterback your strategy to maximize your investments - and instead of "woulda, coulda, shoulda," you'll be saying "I DID!"
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1825 Larkin, Elgin
Sold for $865,000
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110 East St.,
Crystal Lake
Sold for $607,500
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THE RETURN OF COMMERCIAL REAL ESTATE AS A VALUED ASSET
National Association of Realtors, Commercial Connections, Q2 2013
What a difference a few years -- and a steadily improving U.S. economy -- have made for investors seeking capital to fund the purchase of commercial real estate. the industry experts consulted said billions of dollars are available from life insurance companies, private equity funds, REITs, pension funds, and other traditional sources to fund the purchase of properties in primary and secondary markets across all asset types. Commercial banks are relaxing underwriting criteria, leading to more capital for investments.
One source summed it up this way: "Investors are being motivated by the hunt for high yields, so currently the market is awash with capital. Real estate has gone from being a very much out of favor asset, to a very much in favor asset."
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SHOPPING CENTER SHIFT: RETAIL OWNERS RETHINK TENANTING STRATEGIES
CCIM Institute, May-June 2013
For neighborhood and community shopping center owners, it's a time for reflection. Though they haven't experienced the numerous headline-grabbing store closures plaguing big-box and mall owners, they are facing many changes in consumer behavior - and too few changes in fundamentals.
The vacancy rate for neighborhood and community shopping centers fell by a mere 30 basis points year over year to 10.7% at the end of 2012, according to Reis. Asking rents increased only 0.5% during the same period, from $18.98 per square foot to $19.08 psf.
"Vacancy will need to compress in a much more significant fashion before rent growth breaks out of its rut," says Ryan Severino, a senior economist at Reis.
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CHINESE INVESTORS PURSUE U.S. PROPERTY DEALS
Julie Creswell, New York Times, June 25, 2013
First, it was the Japanese. Moneymen from Tokyo blew into the United States to buy famous pieces of the American landscape, from Rockefeller Center in New York to the Pebble Beach Golf Links in California.
Now, about a quarter-century later, another set of deep- pocketed foreign buyers is pushing ever deeper into United States real estate: the Chinese.
Undaunted by Japan's real estate misadventures in the 1980s - some Japanese investors wildly overpaid for United States property, and Japan eventually suffered one of the biggest property market collapses in history - Chinese investors are fanning out in the United States.
Continue reading
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