Monthly Archives: June 2015

//June

Chicago North Shore 2015 Local Festivals and Events

Long Grove Strawberry Festival Vacation is here. And for some it’s the scariest time in the year. Kids are home for eleven weeks. How do we occupy them for 77 days without emptying our bank account in the process! The generous folk of our northern suburbs have come up with a cornucopia of choices. Enjoy!     For Family June 26-28: Northlake Days 5 p.m. to midnight Friday; noon to midnight Saturday; noon to 9 p.m. Sunday. Tel: 708-343-8700. Includes a car show, carnival, bingo, fireworks, a beer garden, food selections, vendor booths and crafts. June 27-28: The Art Center's Festival of Fine Arts Sheridan Road and Park Avenue, Highland Park; 10 a.m. to 5 p.m. Exhibitions by more than 100 juried artists working in ceramics, fiber, glass, jewelry, wood and more. Additional attractions include family activities, art lessons, workshops and live entertainment demos. July 11-12: Buffalo Grove Art Festival Corner [...]

By |2015-06-29T13:59:00-05:00June 29th, 2015|Local Events|Comments Off on Chicago North Shore 2015 Local Festivals and Events

What Janet Yellen and the Federal Reserve Open Market Committee are Thinking…Really.

The Federal Open Market Committee (FMOC) released an interesting chart this past week. The chart sums up what the committee seems to be thinking, at least currently. The chart, now simply known as "The Dot Plot" is all the rage right now. Go ahead and Google "dot plot" and the first search results will lead you to multiple stories about the chart. FMOC Dot Plot The dot plot shows the current thinking of each of the committee members on where they think the target rate should be set and when. All but two of them believe the rates should start rising this year. But the big story is a large group of committee members feel rates should rise very slowly. This seems to have had a calming effect on market levels, at least for now. Fed rate policy tends to have heavy influence over current rates for mortgages [...]

By |2015-06-19T18:12:02-05:00June 19th, 2015|English Articles|Comments Off on What Janet Yellen and the Federal Reserve Open Market Committee are Thinking…Really.

Whole Foods Coming to Vernon Hills…Maybe.

Whole Foods Coming to Vernon Hills! If you’re close to Vernon Hills, you may be in luck. Whole Foods is moving there. And it’s hiring. Not everyone’s happy. Officials for Lake Forest had made plans for the 40-acre site to move there. The city had spent months of negotiations with the megastore and had allocated an 8.5-acre development at Route 60 and Saunders Road for its use. Furthermore, the Whole Foods retreat has caused other developers to pull out too. Whole Foods Coming to Vernon Hills? A miffed Lake Forest Communications Manager Susan Banks proclaimed: “Although the city is disappointed in Whole Foods' decision, the city remains committed to working with the property owner of the Amberley Woods parcel to consider various development opportunities for the site." Lake Forest should considering forgiving Whole Foods, which has been flirting with the Lake Forest location since July 2013 and has [...]

By |2015-06-18T19:31:28-05:00June 18th, 2015|English Articles|Comments Off on Whole Foods Coming to Vernon Hills…Maybe.

North Chicago Suburban Office Vacancy Lowest Since 2007

Northbrook office space is at it's lowest level in almost a decade. Crain’s Chicago Real Estate Daily highlights the lowest slump in suburban office vacancies since 2007. To the delight of landlords, vacancies show a consistent decline with 2014 reporting a 24.4 percent vacancy that spun down to 22.6 percent the quarter after and 21.3 percent during the last period. Highest vacancies have been in Lake County with Cook County (13.9 percent) sinking towards the bottom. The three largest leases occurred in Lake County, topped by Baxter International spinoff that displaced pasta maker Barilla America. Barilla is moving to a 75,620-square-foot building in Northbrook. Office at 1200 Shermer Rd in Northbrook In another large deal, Fortune 500 company CDW leased 209,000 square feet in adjacent buildings in Lincolnshire. The north seems to be loosening its belt, whilst western suburbs continue battling recession-syndrome. Landlords may be at fault there, [...]

By |2015-06-10T19:02:34-05:00June 10th, 2015|English Articles|Comments Off on North Chicago Suburban Office Vacancy Lowest Since 2007