Transwestern Development wants to buy Medinah subdivision's homes
A developer wants to buy the homes and demolish them for an industrial park, the Daily Herald reports.
Stay updated with breaking news from Transwestern Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A developer wants to buy the homes and demolish them for an industrial park, the Daily Herald reports.
An industrial developer bought Christine Bending's house, razed the neighborhood and put a warehouse in its place. Bending had just settled into her new home in a quiet corner of Medinah when the same developer offered to buy her out again, this time for $1 million. She isn't budging. She's one of the Medinah residents mounting a fight against the proposal to purchase nearly 150 homes to make way for new industrial buildings in a sizzling O'Hare market.
Positive property fundamentals at mixed-use developments are attracting investors of all types
Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired a brand new property in downtown West Palm Beach that will be transformed into an upscale, hotel residence catering to the city's rapidly growing corporate and leisure travel community.
The cost of building materials spike by 40 percent last year, according to Prologis. That might remain a pattern for a while