Category: News

Suburban Market Vacancy Drops…

I had heard from another Lake County area Broker we were meeting to view a property a comment that “Commercial Real Estate is Exploding” so my clients reaction was the broker was just Puffing, building up the perceived value of his listing, but in reality the market is getting better, its just slower than what …

Continue reading

Proof the Housing Market is Recovering

This article points out even though sales declined, prices have slowly risen, indicating the inventory glut of homes is drying up. Numbers being down could reflect the decrease in investor purchases and now getting back to more normal with home owners buying/selling. Now question is will the banks cooperate…what do you think. Proof…

SBA Lending Good News For Small Businesses

SBA is opening up its programs for more down market, under $400k loans, and waiving fees on some under $150,000. http://www.chicagobusiness.com/article/20141004/ISSUE02/310049984/small-business-administration-expands-pool-of-borrowers#

Rising Rents? Lake Zurich, Lake County areas?

Recent article about projected rent increases due to lack of supply. Some classes such as apartments continue to see increases, yet others, are somewhat flat. Like the weather, real estate is local market driven and around here Lake Zurich, Barrington, where vacancy rates are around 5% for Industrial, we are seeing rent increases per square …

Continue reading

Do you fit this demographic?

The attached article outlines a new development planned for the Northshore area and the demographics fit nearly to a tee what I have been hearing over the past several years. In fact, we are talking to a local municipality about a project while not to this scale, the target market rings very true to what …

Continue reading

Chicago Commercial Real Estate Sales – getting any better?

Commercial Real Estate Sales – getting any better? I am asked this question at least several times a week from businesses, tenants, building owners and just about anyone I run into who is involved with real estate. While the residential markets are popping off the charts with multiple offers in many areas, the CRE side …

Continue reading

Lake Zurich Commercial Lease Rates: Bait & Switch

Lake Zurich Commercial Lease rates $6.95/sf, but the lease says closer to $10; Why? This I hear all the time from those who are new to the process of commercial leasing of space be it office, industrial or investment in the Lake Zurich market or really anywhere in North Chicago Suburbs of Lake and McHenry …

Continue reading

Wow, this guy is really crazy about Selling, Surviving and Thriving!

Wow, I have to admit this is one hyped up, over the top, super successful entrepreneur and if you are anything like me, you will love to hear him rant about getting more business, 10xing your business, and why some people don’t get more business. I was searching You Tube for one of the Commercial …

Continue reading

Comed Pays for your Upgraded Service?

Had a good incident occur over the past several weeks that would like to share. So we have a potential buyer for a commercial building and the buyer needs to have heavy power at the new building. Normally an upgrade like this could run up to $20,000, however, when contacting ComEd they informed us that …

Continue reading

Ok Joe Heffernan Blog is up and running…again

After a few hiccups, it s up and running. Look to write on topics related to the industry of real estate, specifically commercial yet will give my two cents on many topics. Having been selling real estate for 10+ years, have quite a few stories and experiences that are quite interesting and entertaining in some …

Continue reading