Category Archives: Commercial Property

Increase in commercial taxes + Village being hired

Hello, OPRF! Let’s get to today’s headlines. First of all, the weather forecast for the day: Rain in the evening and at night. High: 88 Low: 73. Here are the best stories in Oak Park-River Forest today: 1. Oak Park saw one of the biggest increases in commercial property taxes in Illinois over the past […]

Angry fans think Disney Genie debut is “the best Universal Studios commercial ever”

If you’re a Disney Parks fan, you’ve probably spent the last few days pondering the many changes that are coming soon to Disneyland Resort in Anaheim, California, and Walt Disney World Resort in Orlando, Florida. Many of these changes to the Disney experience are bundled into a new program, the Disney Genie Service. Credit: Screenshot […]

The PIC is on the track to acquire commercial property

The Public Investment Corporation (PIC) – deemed the largest single investor in SA’s commercial real estate sector – continues to make major investments in the sector despite the significant negative impact of the Covid-19 pandemic on the Most segments of the real estate market. In July, it obtained Competition Tribunal approval to acquire the Central […]

Is there a real estate crash coming up? – Daily bulletin

One of the advantages of a five-decade tenure in an industry is hindsight. Yes, it’s always crystal clear! Unfortunately, looking to the future is a bit more murky. Every January we are festooned with economic forecasts from academics. Do you doubt what I’m saying? Just log on for reviews from Chapman, Cal State Fullerton, UCLA, […]

Real Estate & Construction Files – August 2021

Goodwill opens donation center in West Richland Goodwill Industries of the Columbia Inc. has opened a new assisted donation center at 3250 Kennedy Road in West Richland. The center has a covered area for customers as well as a loading dock to facilitate distribution. The building measures 1,200 square feet and includes storage space, a […]

Properties on Armitage Avenue in Lincoln Park for sale

The owner is a California-based Blatteis & Schnur company, which purchased the two buildings for $ 11.68 million in 2006, according to Cook County real estate records. A call to the company’s Chicago office was not returned, and Amy Sands and Clinton Mitchell, the brokers in the deal, did not respond to a request for […]

9th Circ. Ready to Weigh COVID-19 Cover Battles

Law360 (Aug 6, 2021, 6:39 p.m. EDT) – The Ninth Circuit will hear arguments from policyholders and insurers in three lawsuits on Wednesday over whether business interruption coverage extends to pandemic-related losses, in what could be a glimpse of the many pending cases before federal courts of appeal and first instance. The Ninth Circuit is […]

Michael Long: Burlington property revaluation is in shambles

This commentary is from Michael Long, a retired English teacher who has lived in Burlington since 1975. Burlington’s property taxes are an unfair mess. Reassessment aims to change valuations to make them fairer as the market changes and some properties appreciate at a higher rate than others. This should rarely lead to extreme changes, but […]

State College accepts block grant funds for cold purchase of permanent shelter

Out of the Cold: Center County plans to acquire The Meetinghouse on Atherton, 318 S. Atherton St. as a permanent location for its homeless shelter. Photo of Geoff Rushton | The State College borough council unanimously approved on Monday evening the reallocation of some community development block grant funds to help Out of the […]

Westfield Shrinking Mall portfolio shows industry division

Large real estate owners are looking to unload more malls through sales or by allowing lenders to take over, thereby sidelining a recovery in the mall sector as more Americans get vaccinated. Global shopping center operator Unibail-Rodamco-Westfield, for its part, sold three shopping centers in the United States last year. The Paris-based company intends to […]