FOR SALE
THREE CAR WASHES
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FOR SALE or LEASE
COMMERCIAL/ OFFICE CONDO
9233 S. Rt. 31,
Lake in the Hills
Route 31 exposure comes with this 2,000 SF condo with 2 baths, and a rare truck tock. Price slashed to $129,900 ($64.95 psf) or lease for $9.60 psf gross.
Email Bruce Kaplan
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FOR SALE
FORMER RESTAURANT
w/LIVING QUARTERS
6414 Hilly Way, Cary
Former Chris' Coach House, 5,200 SF, 120 seat restaurant/ bar with outdoor seating and partially equipped kitchen. 3-bedroom apartment. Potential for video gaming. $375,000.
Email Bruce Bossow
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FOR SALE
13.3 ACRES -
PINGREE GROVE
1,200 SF of frontage on Rt. 20 adjacent to retail center and BP gas station. Zoned C-1. City water and sewer nearby. $1,450,000 ($2.50 psf)
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FOR SALE
INDUSTRIAL CONDO
815 Oakwood, Unit F
Lake Zurich
Why pay rent? Own this 3,000 SF masonry industrial condo with 1,000 SF office, 14' clear ceilings, and 12x10' DID. Won't last long. $249,000.
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CONTACT OUR BROKERS FOR MORE INFORMATION!
Bruce Bossow, x 12
847-732-3462
Heather Schweitzer, x 15
815-236-9816
Heide Casciaro, x 26
847-774-5660
Bruce Kaplan, x 20
847-507-1759
Joe Billitteri, x 21
847-833-5004
Joe Heffernan, x 18
847-302-5550
Tina Kropke, x 14
815-970-0546
Mike Williamson, x 25
847-732-0504
Melissa Hubley, x 22
312-320-5987
Steve Ippolito, x 24
708-341-0509
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PCR IS ALWAYS LOOKING FOR GREAT BROKERS!
If you're interested in joining our long-established commercial real estate firm and working with other successful brokers and an excellent support staff, we'd like to talk to you! We're known for our team spirit and camaraderie among our brokers, 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
People are always telling me, "I see your signs everywhere!!" Short of accusing us of sign pollution, I take it as a compliment that our market share has reached some measure of critical mass. When you have 250-300 listings in the inventory, that tends to dwarf what any competitor is doing. With that level of inventory, we sometimes worry that the average observer might think we just "list" property without regard to how many of those listings are successfully leased or sold.
Let's take the last 12 months as an example (October 1, 2014 to October 1, 2015). During that period, we generated 121 new listings. During that same period we closed 113 deals: 83 leases and 30 sales. Now you tell me if all we do is "list" property! We are listing 10 properties per month and selling or leasing an average of 9 per month. Having the market share that we do in all the commercial property types, supported by a customized marketing plan for each property, creates a phenomenal amount of inquiries and overall activity. With seasoned brokers who know how to turn an inquiry into a transaction, we are able to make business happen day after day. So when you say you see our signs everywhere, we want to say, "Thanks for noticing!"
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SOLD
6,965 SF industrial flex building.
Sold for $435,000 by
Heather Schweitzer and Bruce Kaplan
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SOLD 
362 Industrial Dr., Crystal Lake
24,000 SF industrial building.
Sold for $550,000 by Joe Billitteri and Bruce Kaplan
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LEASED
700 Industrial Dr., Units K & L, Cary
7,500 SF industrial building.
Leased by Bruce Kaplan and Mike Williamson
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LEASED
2403 Harnish, Algonquin
3,362 SF office space.
Leased by Heather Schweitzer
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SUBURBAN OFFICE VACANCY FALLS TO
14-YEAR LOW
by Ryan Ori, Chicago Real Estate Daily
Even as some of their most recognizable tenants continue moving workers downtown, suburban office landlords keep filling up their vacant space.
 Overall suburban vacancy fell to 19 percent during the third quarter, the lowest level in 14 years, according to Chicago-based Jones Lang LaSalle. That's a big drop from 20.3 percent vacancy in the second quarter, and 23.4 percent a year earlier.
Vacancy in Chicago's suburbs is in the teens for the first time since 2007. Vacancy peaked at 25.4 percent in 2010 during the early years of a prolonged real estate downturn.
Amid an improving economy, many companies are expanding again or making long-term commitments to office space in the suburbs.
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COMMERCIAL REAL ESTATE OUTLOOK
National Association of Realtors
NAR's latest Commercial Real Estate Outlook offers overall projections forfour major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas were provided by REIS, Inc., a source of commercial real estate performance information.
Highlights - Macroeonomic conditions continued improving at a moderate pace in the second quarter of this year.
- Demand for commercial lease space continued advancing in the second quarter of 2015, rebounding from the soft performance of the wintry first quarter.
- While construction has been ramping up across all property types, the gap between demand and supply continued to add downward pressure on availability.
- The apartment sector was the only exception, as new supply exceeded demand this year, resulting in a slight increase in vacancies.
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SELF-DIRECTED IRA TO INVEST IN REAL ESTATE
by Harsh Arora, Esq., Head of Litigation Division
A self-directed Individual Retirement Account (IRA) is a qualified account that is approved by the Internal Revenue Service to make nontraditional investments, such as those in real estate. The investment is owned by the IRA for the benefit of the account owner, and it has all the tax benefits of a standard IRA.
A taxpayer may choose to roll over a current traditional, Roth and Simple IRA to a self-directed IRA or may use new funds to set up this type of account without taxes or penalties.
If a taxpayer sets up a self-directed IRA as a traditional IRA, the money invested can grow tax deferred until the taxpayer starts withdrawing funds. If a taxpayer sets up the self-directed IRA as a Roth IRA, the taxpayer will pay taxes on the money he or she invests, but the Roth money will be tax free upon withdrawal.
Tips for avoiding fraud:
Taxpayers should be wary of an unsolicited investment offer that promotes the use of a self-directed IRA. It is always prudent to ask if the person offering the investment is licensed and if the investment is registered, and then check out the answers with an unbiased source, such as the Securities and Exchange Commission or the state securities regulator.
For complex investments opportunities, particularly those that involve the opening or creation of a new account outside a traditional financial institution or well-recognized broker, taxpayers should consider getting a second opinion from an attorney.
reprinted with permission
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