As we monitor the actions of buyers and sellers in the current commercial marketplace, we can’t help but notice a lack of interest in the OFFICE CONDO property type. This comes at a time when prices for this type of property are at an all time low. Before the crash of 2008, the cost to […]

Investment properties are valuated using several criteria, one of the most important which is capitalization rate (a.k.a. cap rate), which is the ratio of the net operating income a property generates to the purchase price or value of the property. For example, if you pay $2 million for a property that has an annual net operating […]

The day may soon arrive when you’re ready to sell your business. You may even have a price in mind, based on similar businesses that have sold recently in your area. Yet, many business owners, after taking a close examination of their business in its current condition, become disappointed when they find out its true […]

Premier Commercial Realty recently closed on the sale of the 12,500 SF multi tenant industrial building located at 1500 S. Old Rand Road in Wauconda. The purchaser was Windy City Towers, LLC who relocated from their former Wauconda location. They wanted to stay in the area, and will occupy approximately 60% of the space, with […]

Dave Schmidt and Linda Kost, Senior Associate Brokers at Premier Commercial Realty, recently completed the sale of 3 buildings in downtown Marengo. Kost and Schmidt represented the owner and completed the final sale of a three building portfolio. Buyers were represented by Ellen Brunschon of White Lion Real Estate. The properties are located at 116 […]

Kost Completes Leases at Elgin’s Woodbridge Center December 18, 2013 Lake in the Hills —  Linda Kost, Senior Broker Associate at Premier Commercial Realty, completed three new leases on behalf of the Landlord at Elgin Woodbridge Center. The retail center is located at the northeast corner of Randall Road and Bowes Road, in front of […]

We are hearing in the trade publications that demand for industrial space is up in the Chicago area. According to a September 9, 2013 Crain’s article by Ryan Ori, the current vacancy rate for industrial is 9%, a rate we haven’t seen in 5 years. When the demand goes up, the developers kick into gear […]