FOR SALE or LEASE
INDUSTRIAL BUILDING
176 W. Terra Cotta, Crystal Lake
50,000-80,000 SF available in freestanding building on 6.21 acres. 18-24' ceilings, heavy power, upgraded in 2009. $3,200,000 (sale) or $4 psf net (lease).
Click here for more info
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FOR SALE or LEASE
12,000 SF OFFICE BUILDING
2030 W. Seminary
Woodstock
Walking distance to McHenry Courthouse! 6,000 SF first floor, 6,000 SF lower level. High quality build out, monument signage. Sale: $995,000. Lease: $8 PSF NNN.
Email Heather Schweitzer
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FOR LEASE
RETAIL SPACE
661 S. Eastwood Woodstock
1,750 SF inline space in Center- ville Plaza. Former cell phone store. Nice space. Monument signage. Only $12 psf net.
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FOR LEASE
OFFICE CONDOS
380 Terra Cotta Rd. Units D, F, J
Crystal Lake
2 1,160 SF and 1 2,300 SF single-story office condos with quality buildout. $15.50 psf gross.
Email Tina Kropke
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FOR LEASE
OFFICE SUITES
500 Coventry Lane
Crystal Lake
Three office suites - 1,416 SF, 3,260 SF and 5,465 SF just off Rt. 14! Two months' free rent. $10 psf NNN.
Email Bruce Bossow
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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
|  More than just a real estate office, our real job is to find solutions, fix problems, and make your more profitable. I hope you find something in this newsletter that will help you do just that. I encourage you to contact any of our brokers if you have any questions about real estate or the market!
"Our Experience Makes the Difference" |
SOLD
2173 Galilee, Zion
12,500 SF Industrial Building
Sold for $325,000 by
Joe Heffernan
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SOLD
108 S. Lakewood,
Lake in the Hills
12,000 SF Church
Sold for $725,000 by
Joe Billitteri
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SOLD
17628 E. Prairie, Union
6 Unit Apartment
Sold for $220,000 by
Joe Billitteri
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SOLD
120 Gast Rd., Hampshire
9.34 acres
Sold for $875,000 by
Bruce Kaplan
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CHOOSING THE BEST LOCATION FOR YOUR BUSINESS
Bruce Kaplan, Premier Commercial Realty
We spend a good deal of time helping clients find the best location for their business. Depending upon the type of business, location can make or break the long term success of the enterprise. Retail and service businesses are probably more location dependent than other business categories. In this article I intend to focus on key factors that should be considered in selecting an ideal location in the event that you are in the market to do so.
Retail businesses can be divided into two categories: 1) impulse and 2) destination. Impulse businesses are the most location driven of the two. Demographics and traffic counts are the major drivers of preferred retail locations.
Demographic studies are available through your commercial broker that can identify the makeup of the population base within given distances from any location. How many people, their ages, their household and median income and much more detail are essential data for certain businesses. Traffic counts are the second critical factor for many retail and service businesses. How many vehicles per day drive by the location is a question certain retailers must know. Usually the more vehicles, the better because there are paying customers in those vehicles. Visibility is a factor for most impulse retailers. Can you be seen from the street easily? Prominent signage plays a part and local sign ordinances dictate what signage you can expect. Accessibility is another factor often cited as critical. If you are visible but the customers can't figure out how to get to your store, you can be doomed. Being near a known landmark or other prominent business is often helpful.
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COMMERCIAL BANK LENDING DRIVEN BY C&I GROWTH
Wells Fargo Securities LLC Economics Group
Despite a rough first quarter for GDP growth, lending at commercial banks is beginning to point to a pickup in economic growth. Total loan growth grew 5.0 percent year over year in June, approaching post-recession highs of 5.4 percent, which occurred in May 2012. Commercial and industrial (C&I) lending at commercial banks was up 10.4 percent in June as businesses still feel relatively positive on the U.S. economy despite the rough start to 2014 (top chart). Also driving growth in overall loans and leases in bank credit are commercial real estate loans. After reaching its trough in November 2010, commercial real estate lending has been on a steep upward trend and is up 7.1 percent year over year in June. This comes as residential real estate lending has hardly been able to return to growth following the Great Recession amid much tighter lending standards. While lending standards remain tight, they are beginning to gradually loosen making credit available to a slowly growing number of borrowers. However, the housing market has experienced a rough 2014 thus far, as shown by recent housing starts and building permits data, so residential real estate lending likely still faces challenges ahead with an environment of still rising prices and volatile sales and starts activity.
Continue reading
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Reis Reports via Randolph Taylor
Office Cap Rate Trends
During the first quarter, the mean office cap rate decreased by roughly 40 basis points to 6.8%. This is the lowest mean cap rate for the office sector since before the recession. Though it has been an inconsistent ride, the mean office cap rate has now fallen by approximately 150 basis points since it hit a post- recession high of 8.3% during the first quarter of 2010. Of course, transaction activity remains concentrated in a few primary gateway markets, focusing on A-quality assets.
Over the next five years we expect that office cap rates will continue to trend downward. As the economic recovery gets deeper and broader, interest in the office market should be come far more pervasive than it is today.
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INDUSTRIAL VACANCY FALLS TO LOWEST LEVEL SINCE 2006
Ryan Ori, Chicago Real Estate Daily
The local industrial real estate market has completed its comeback from the crash.
The vacancy rate for Chicago-area industrial space fell to 8.4 percent in the second quarter, down from 8.5 percent in the first quarter and 9 percent a year earlier, according to Seattle-based Colliers International.
The vacancy rate hasn't been that low since third-quarter 2006, before the recession.
Vacancies are dropping amid growing demand for space among smaller and mid-sized businesses. The second quarter included 26 leases of 50,000 to 100,000 square feet, following 19 such deals in the first quarter.
"The bread-and-butter middle-market companies that drive Chicago are active, whereas back in 2008, '09 and '10 they were doing anything they could to not spend any more money," said Fred Regnery, a Rosemont-based principal at Colliers. "Now they're feeling confident enough that they're making long-term real estate decisions."
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