South Suburbs Chicago Commercial Real Estate

Real estate title agent to add 200
The parent of United Lender Services, a national real estate title and settlement agent in Findlay, has acquired two large office buildings along the Parkway West, where ULS will relocate and triple its employment to more than 250.

Park Ridge suicide victim identified
The Cook County Medical Examiner’s Office has identified the body of an apparent suicide victim found in Park Ridge as that of a 45-year-old Park Ridge man. The Medical Examiner’s Office said the victim was identified as John Tsichlis. His body was discovered by a man walking his dog Feb. 2 in a wooded area north of Riverside Drive/Algonquin Road and Oakton Street. An autopsy conducted Feb. 4 ...

New VP named at O’Brien Commercial Properties in Marlborough
O’Brien Commercial Properties, Inc., announced that Paul V. Mulroy was recently promoted to vice president.

Rules dispute holding back REITs
THE ESTABLISHMENT of real estate investment trusts (REITs) in the Philippines remains uncertain as the Finance department insists on disputed requirements, but officials are optimistic a compromise will be reached as negotiations continue.

Founders Park is 'hidden jewel' in South Dakota
Founders Park is 'hidden jewel' in South Dakota

REITs to avoid
Investors are racing into REITs that promise higher yields than equity REITs. But be forewarned, the higher yields of these other types of real estate vehicles come with very real risks.

First Drips Of Liquidity Felt In Non-Traded REITs
So-called non-traded REITs (NTRs) represent a rapidly growing income producing niche among “alternative” investments. In its nascent history, the NTR industry has raised some $80 billion, largely from individual investors. This compares with $430 billion for the entire REIT industry, traded and non-traded.

House panel OKs 40% cut in commercial property taxes
An Iowa House committee approved a bill Wednesday night that would slash commercial property taxes by 40 percent over eight years, while providing hundreds of millions of dollars in state money to backfill lost property tax revenues to school districts, cities and counties.

Town of Ulster considers additional office space
TOWN OF ULSTER, N.Y. — The Town Board is reviewing findings that the town needs another 20,000 square feet of municipal office space, but it’s unclear if there is enough area to consolidate offices on the Town Hall property.

West Des Moines' Regency West office park sold
The eight-building Regency West office park in West Des Moines was sold Tuesday to R&R Realty Group for an undisclosed amount.