The demand for distribution centers and warehouses in Chicago continues to skyrocket. Builders are working around the clock to try and keep pace with the booming demand. According to CommercialEdge, sales reached $1.52 billion within just the first half of 2021. That figure is likely to surpass the $2.13 billion in sales recorded the previous year. Industrial Real Estate Demand in Chicago A Colliers International report shows that as of November 2021, an estimated 19.5 million square feet … [Read more...]
Power of Attorney Agreements: Ensuring the Right People Make Important Decisions
Posted on November 10, 2021 //
Power of Attorney (POA) agreements are important legal documents that allow people to choose the right persons to make important decisions on their behalf. If someone becomes incapacitated, a POA can give someone else power over financial and medical decisions. A POA goes beyond finances and health care — it’s also critical for legal and personal matters. Types of POA Agreements Medical Power of Attorney or Durable Power of Attorney for Health Care A Medical POA also known as a … [Read more...]
Preparing to Buy Your First Home? Here’s What You Should Know
Posted on October 20, 2021 //
Buying a home for the first time requires diligence and careful preparation. Making oneself attractive to lenders and working with a lawyer from the start can make the home buying and ownership process less hectic. Choosing the right home and planning a smooth transition from renting is also a crucial part of the first steps towards a home purchase. Practical Tips for Buying the First Home Making Oneself More Attractive to Lenders Lenders generally want people who have good credit and … [Read more...]
Unmarried Couples: Here’s Why You Need an Estate Plan
Posted on October 11, 2021 //
Failing to plan an estate proactively can be disastrous for unmarried couples. Without an estate plan that specifies who gets what in the event of death or incapacity, the decedent’s wishes are likely to be ignored. The partner could receive nothing—or everything. With a properly organized estate plan, an unmarried partner can leave his or her estate to the surviving partner in the event of death. The unmarried partner can also give the other partner the authority to make health care, … [Read more...]
Arlington Heights Property Owners: Are the Bears Moving to Your Back Yard?
Posted on September 20, 2021 //
On September 29, 2021, the Chicago Bears announced the signing of the Purchase and Sale Contract for the 326-acre Arlington International Racecourse property in Arlington Heights. The team will part with $197.2 million for this property. The most likely plan is for the Bears to relocate from Soldier Field and settle in Arlington Heights. The spacious racecourse will enable the team to construct a modern football mega stadium and a magnificent entertainment district. Impacts of the Chicago … [Read more...]
