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Commercial Real Estate Secrets | A Guide for Residential Brokers
Welcome to Straight Up Chicago Investor, Commercial Real Estate Secrets, a Guide for Residential Brokers. This episode explores what residential brokers need to realize about commercial real estate and how to avoid common pitfalls that waste time. Our guest, a seasoned real estate broker with decades of experience in Chicagoland and Chicago suburbs, shares invaluable insights and strategies.
Whether you're a realtor transitioning from residential to commercial real estate or a real estate broker looking to expand your knowledge, this guide is packed with essential tips. Learn about the unique challenges and opportunities in commercial real estate, effective marketing strategies, and how to handle zoning and unique use cases.
#commercial real estate secrets#commercial real estate#a guide for residential brokers#guide for residential brokers#real estate#real estate investing#realtor#real estate agent#broker#real estate broker#residential brokers#straight up chicago investor#real estate tips#real estate podcast#chicagoland#real estate chicagoland#chicagoland real estate#real estate chicago#chicago real estate#chicago suburbs#chicago suburbs real estate#real estate investor#investing#Youtube
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Is Chicago, Illinois Cheap or Expensive? Here’s the Answer.
If you’re mulling over a move to this bustling metropolis and scanning the “real estate for sale in Chicago, Illinois”, you’re likely curious: Is Chicago cheap or expensive?
Housing Costs in Chicago
When it comes to the housing market, the prices are as diverse as the city itself. A general consensus shows moderate costs compared to coastal cities.
Chicago’s Real Estate Market
From luxury condos downtown to single-family houses in the suburbs, Chicago has a range of accommodation styles. Naturally, the cost varies depending on the type and location.
Luxury Living in Chicago
If you opt for the high-end spectrum of “new properties for sale in the Chicagoland area and surrounding suburbs,” prices can reach into the millions.
Middle-of-the-pack Living
For more modest budgets, homes outside the hub can be attractively priced, providing excellent value in terms of space and amenities.
Cost of Living Index
Considering other living costs, Chicago’s index stands at 106.9, slightly above the U.S. average of 100. While some areas could be expensive, others are surprisingly affordable.
Food and Leisure Prices
Dining out in Chicago can be both a bargain and a splurge. Street food is wallet-friendly, whereas fine dining experiences can be quite steep.
Transportation Costs in Chicago
Getting around Chicago with public transit systems is reasonable. Meanwhile, parking and gas prices can significantly increase the commuting costs for car owners.
Verdict: Cheap or Expensive?
As seen, it completely depends on your lifestyle and where you choose to live and dine. By researching and budgeting, it’s possible to find cost-effective solutions.
Find Your Preferred Lifestyle
The housing options align with a wide range of budgets, whether you’re browsing budget-friendly homes or looking for extravagant properties for sale in the Chicagoland area and surrounding suburbs.
In Summary
Ultimately, living in Chicago can be cheap, expensive, or somewhere in between, factoring in your individual budget, lifestyle, and specific choices — particularly in housing.
KM Realty Group LLC — your trusted source for all your real estate needs in Chicago, Illinois!
#Illinois”#Housing Costs in Chicago#When it comes to the housing market#the prices are as diverse as the city itself. A general consensus shows moderate costs compared to coastal cities.#Chicago’s Real Estate Market#From luxury condos downtown to single-family houses in the suburbs#Chicago has a range of accommodation styles. Naturally#the cost varies depending on the type and location.#Luxury Living in Chicago#If you opt for the high-end spectrum of “new properties for sale in the Chicagoland area and surrounding suburbs#” prices can reach into the millions.#Middle-of-the-pack Living#For more modest budgets#homes outside the hub can be attractively priced#providing excellent value in terms of space and amenities.#Cost of Living Index#Considering other living costs#Chicago’s index stands at 106.9#slightly above the U.S. average of 100. While some areas could be expensive#others are surprisingly affordable.#Food and Leisure Prices#Dining out in Chicago can be both a bargain and a splurge. Street food is wallet-friendly#whereas fine dining experiences can be quite steep.#Transportation Costs in Chicago#Getting around Chicago with public transit systems is reasonable. Meanwhile#parking and gas prices can significantly increase the commuting costs for car owners.#Verdict: Cheap or Expensive?#As seen#it completely depends on your lifestyle and where you choose to live and dine. By researching and budgeting#it’s possible to find cost-effective solutions.
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stalker
Edward is in Chicago to "inherit" from himself. To pass the time at night, he decides to visit his old house. An excerpt from this 1970 one-shot.
I had hunted for a few days in the northern suburbs of Chicago during the four dark years of my rebellion. By that time, I had already arrived at my plan to feed only on the worst criminals; it seemed only fitting that I should spend a few months protecting the city I had once called home.
But in the end, I couldn't bear to stay or to venture any closer to where I had lived as a human. Regardless of whether the spirits of my human parents had any means of seeing what I was doing, it just felt too wrong to bring that kind of darkness that close to their graves... to the people I had once known and cared about. There was also the very real possibility of cornering a victim and discovering that he was someone I had known. And since Carlisle had practiced medicine in and around Chicago once already this century, we had never lived near this area in the years since.
So this was really my first time back. I strolled aimlessly through the night, trying to match the buildings I passed with the blurry streetscapes from my human memory. I did eventually find an old hotel that seemed to be in the right place, and a couple of small parks.
There was a certain street I wanted, but for the life of me, I couldn't remember where it was. I finally surrendered and ducked into a telephone booth. I flipped through the frayed telephone book in annoyance, looking for a decent street map. I finally found one and ripped it out, memorizing my route as I walked.
Once I got past the audience of cops and prostitutes and adolescent children out too late for their own good, I relaxed and slowed my pace. I still couldn't put my finger on any particular building, but this was starting to feel more and more familiar. After taking one last look at the map, I crumpled it into my pocket and turned down a street where the front yards were bigger. The mental barrage quieted a little, settling into that unique, rhythmic whisper that comes from a neighborhood where nearly everyone is asleep.
I knew this street. The houses nearly all looked wrong, but the roll of the hill felt right. I had ridden my bicycle here, laughing and calling out to... someone. I squinted at the pavement, feeling the tingle of a memory that was trying to wake up. I had fallen here one day. No, that wasn't right... I remembered getting off my bicycle, feeling a heavy weight on my chest... my mother carrying me home, rubbing my back and telling me to breathe more slowly. An asthma attack, presumably.
Happier memories came to me half-formed as I walked on. More bicycle rides... a nameless boy with freckles and black hair. A pair of girls, teasing me from across the street. One house seemed particularly meaningful, despite being the wrong color, though I couldn't figure out why. Perhaps the freckled boy had lived here? There was a brick firehouse that looked about right. And when I finally turned onto my own street, the bright scent of roses washed over me at just the right place.
Home.
I was fortunate that the real estate company had let the trees and brush get overgrown in the backyard. I found a sturdy oak whose branches offered a good view of the house. My eyes traced over the lines of the house first, finding comfort in the angle of the roof and the peaceful shush of the breeze slicing through the screens around the side porch. There was a formica table perched inside and crumbs beneath it, evidence of the family who had rented the house for the past three years.
The interior was dark, but moonlight was more than enough for me. I could see into the parlor where I had spent hundreds of hours practicing the piano. I leaned out from the tree, trying to see whether there was a piano in there, but I didn't have a full view of the room. I should have come earlier, when the family was up and moving around, so I could have gotten a fuller view via their minds.
I briefly considered letting myself in. The windows were all unlocked in welcome, after all; I wouldn't need to break anything. It was my house. But... that was a line I probably shouldn't cross. I crawled up into the higher branches, rewarded by a tight knot in my throat as I looked into my old bedroom for the first time in fifty-two years. Two twin beds filled the space, complete with the lumpy, blanketed forms of two dozing boys. My first guess was twins, but after a few moments I thought the one on the right might be a little older, based on the quality of his dreams. I left them in peace, more interested in the room itself than its occupants.
More memories began to return to me, coming in such quick succession that I dared not breath for fear of interrupting the flow. I remembered a scene in which I was the one lying in the bed, crumpled in blankets. Mother was feeling my forehead, humming a tune that eluded me, but still placed an unexpected warmth deep in my chest. I could hear the clink of a spoon and smell the aroma of... chicken soup, I thought it was.
Then I was seated at a desk just there, over by the farthest wall, tinkering with a model biplane... or was it a model train? I remembered coughing, curling up with a book and wishing I could go play outside. I remembered sitting at the desk, now taller in my chair, writing with careful penmanship in a journal. Next I was playing on the floor, meticulously lining up row upon row of tin soldiers.
I remembered posters on the walls, various incarnations of Uncle Sam or heroic-looking US soldiers telling me to come save the world. That my country needed me. I remembered sitting at my desk with a forgotten pencil lingering over a page of mathematics, gripping the desk's edge with the other hand and refusing to look up as my mother pleaded with me to go to college instead. Then I was a child again, huddled up in a fort made of bedsheets, surrounded by books and toys.
One memory led to another, skipping back and forth through my brief span of human years and filling new, aching holes inside my heart. I kept my eyes locked on the quiet room until I came up empty, and even then I continued to stare, shifting my gaze to look again at the sleeping boys.
Was this what I would have had? What would it have been like to have children of my own? Would I have stayed in this house?
I really had no excuse to stay. There wasn't the faintest hint of vampire scent on the air, apart from my own, and the unlocked windows and cars told me everything I needed to know about the crime rate. I had learned all I was going to learn, if I was going to keep my vow to stay outside. But all I had waiting for me was a depressing hotel room with an even more depressing book. And... there was something keeping me here, something even more intangible than the memories that teased the corners of my mind, flitting away whenever I tried to grasp them.
I didn't think it was nostalgia, not really; for all I knew, half those new memories were invented. And while the sight of my human home did stir something deep within me, that was all it was: just a sight. A picture. There was hardly anything about the structure in front of me that was really familiar... that was really mine anymore.
That was the problem, I supposed. It was the lost potential—this new version of the life I could have lived. More than the house itself, I couldn't take my eyes away from the home I had been so eager to leave behind.
That was excuse enough, I decided—that it might give me some small shred of purpose to stay and guard a family I cared nothing about, in a house that was all but a stranger to me. I imagined the sleeping boys to be my own sons, and the dozing parents across the hall to be myself and the wife I loved more with each passing year. And so I let myself stay, just for tonight, keeping vigil over the life I had lost so very long ago.
#Edward#Tale of Years teasers#House#Chicago#Home#Twilight Saga#Twilight fanfiction#Edward Cullen#Memories
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"In the case of car culture, the problems of sprawl and automobile dependency did not inevitably result from the automobile itself, but from the power interests that redesigned society around it. The problem was created by subsidies to monoculture development, freeways systems imposed by eminent domain, and legal prohibitions — like zoning — against mixed-use development.
Before the rise of car culture and car-centered urban design, the norm was the compact, mixed-use city or town where residences were within foot, bicycle, bus or streetcar distance of the downtown district where people worked or shopped. Increased population was accommodated primarily by modular proliferation — e.g. the railroad suburb — rather than outward sprawl.
Absent the imposition of car culture by the federal and local governments and by the local real estate industry, the automobile would have served a useful niche function in cities laid out in the old fashion. Its primary market would have been people like farmers in the areas outside cities, where population concentrations were insufficient to be served by streetcar or rail lines. For periodic trips into town and back, perhaps in a small truck capable of conveying a load of vegetables to the farmers’ market or bringing home groceries and dry goods, a light internal combustion engine or electric motor would have been sufficient. With no need for rapid acceleration on the freeway, there would be no point for heavy engine blocks with six cylinders, and the overall weight of the vehicle could be reduced accordingly. With flat body panels capable of being produced on a cutting table, there would have been no need for Detroit’s two- or three-story stamping presses. The automobile industry would have been an affair of hundreds of local factories.
Hence it is not true that “[p]ast a certain threshold of energy consumption, the transportation industry dictates the configuration of social space.” Rather, the configuration of social space dictates the forms of transportation adopted, which dictates the level of energy consumption.
Illich’s tendency to see the proliferation of managerial bureaucracies and their unwilling clienteles as an expansionary phenomenon in its own right with no need for a causal explanation, rather than a secondary effect of larger class and power interests, is also illustrated in his treatment of squatters.
Both the non-modernized and the post-modern oppose society’s ban on spatial self-assertion, and will have to reckon with the police intervening against the nuisance they create. They will be branded as intruders, illegal occupants, anarchists and nuisances, depending on the circumstance under which they assert their liberty to dwell: as Indians who break in and settle on fallow land in Lima; as favellados in Rio de Janeiro, who return to squat on the hillside from which they have just been driven — after 40 years’ occupancy — by the police; as students who dare to convert ruins in Berlin’s Kreuzberg into their dwelling; as Puerto Ricans who force their way back into the walled-up and burnt buildings of the South Bronx. They will all be removed, not so much because of the damage they do to the owner of the site, or because they threaten the health or peace of their neighbors, but because of the challenge to the social axiom that defines a citizen as a unit in need of a standard garage. [emphasis added] Both the Indian tribe that moves down from the Andes into the suburbs of Lima and the Chicago neighborhood council that unplugs itself from the city housing authority challenge the now-prevalent model of the citizen as homo castrensis, billeted man.
Illich’s framing of this as some inherent expansionary logic or hegemonic drive inherent in the “managerial-professional classes” themselves, and not the outcome of a much larger, long-term process of land privatization and enclosure driven by capitalist class interests, is a major critical failure."
-Kevin Carson, ”The Thought of Ivan Illich: A Libertarian Analysis“
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on dennis' eighth verse:
most of dennis' upbringing is the same to what we see in canon. after high school he wanted to major in psychology but decided to switch it to business administration. he didn't really feel like he had a choice when it came to his life after college, working with frank was set in stone. dennis ends up graduating from the university of pennsylvania with a major in business administration and a minor in psychology. during his childhood he was often told that he would end up working for his father, frank, after he graduated. his twin sister dee ended up dropping out of college, and moved back in with frank and barbara with dreams of going to california to be an actress. once dennis had graduated he moves back in with frank and barbara. a few months later dee ends up moving out of the house and into her own apartment after reconnecting with charlie and mac. dennis stays distant and keeps his head down and focuses on working with frank. he mainly just works as frank's assistant, shadowing him primarily with his real estate business. he does this for almost a year. while dee, mac, and charlie buy a bar dennis is promoted to COO of wolf cola. with this promotion dennis moves out of his childhood home and gets a nice apartment downtown in philly. he works for wolf cola for a few years but he feels unfulfilled. he's fascinated with technology and computers and urges frank to look into starting up some sort of tech company. frank is hesitant at first and it takes a few months, but dennis convinces him to start up a tech company. they call it reynolds technologies, and they specify in making parts for computers and phones. frank is really into the idea of american made products so dennis hammers that home. shortly after reynolds technologies is founded frank and barbara get divorced and frank signs over a majority of his businesses to dennis. he wants to reunite with his daughter dee, return to living a more carefree life, and focus on charity. dennis finds this laughable but he doesn't complain, it's hard to do so when you get a very large check. dennis works as the ceo for reynolds technologies for a bit and after a few years he moves to being president of the company. he's a bit more hands off, but still works with the company to help with dealings. all of the companies that dennis owns are very successful and he makes a really nice living. he gets his own house in the suburbs of philly, and ends up owning different penthouse apartments in los angeles, new york, and chicago because of how often he travels for business. dennis' personality is similar to what we see in canon in the show, but he's a bit more healed. he had more time away from frank and barbara, and was able to make a successful life for himself. he still lies and schemes but he's more professional about it. he's incredibly charming and is used to getting what he wants. he's not afraid to flash around some money to do so. he rarely talks with frank at this point, or dee. he looks down on them, really, shocked that they decided to give up a life of riches to live in squalor.
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I had a dream that instead of colonizing mars, Elon musk decided he was going to colonize the moon instead because it would be slightly cheaper. He actually succeeded in a way, even making a breathable atmosphere up there, but also made it into a giant American suburb, of which none of the houses were ever bought.
Going there was actually super cheap. Like you could go there on a day trip and it would cost less than $200 for the entire thing. I guess maybe because he wanted people to buy houses there or something, but let’s focus on the dream.
What was considered by many to be the biggest failure in it, however, and the most vivid part of the dream, is that in the whole thing he established only 1 lunar restaurant, which was an unfathomably shitty hot dog restaurant called, like, moon hotdogz or something. I can’t remember exactly how expensive it was other than that google rated it 2/3$. It didn’t even fit in with everything, it looked like one of those restaurants that’s a food truck that never moves and has things built around it, covered in Americana decor, which in real life might even be good. Everything else looked like either a minimalist airport, a green to enter the neighborhood, or the aforementioned suburb. It stylistically Did Not Fit.
The food sucked of course, but the quality was also unhealthy terrible. Like the workers started printing the menus with labels saying which disease you would contract from which menu item you ate, without even saying what was on the hotdog. “The classic dog will give you salmonella. The chicago style dog will give you prions. The Sichuan pepper dog will give you botulism. The Icelandic style will give you salmonella and botulism. The curried style will give you narcolepsy. That’s not even a disease you contract from food, we just know that everyone who’s eaten it suddenly gets chronic narcolepsy and we don’t know why. The bacon style gives you…” This would happen even with, like, the sprite. Only in this restaurant, nowhere on earth. Musk never did anything to remove the narcolepsy or anything because, since there weren’t any laws on the moon, he didn’t have to.
The food was so famously bad, that McDonald’s CEO, who was Ronald McDonald, made a statement about it. Something along the lines of “Our food is shitty. What all that propaganda said about it, with the pink slime and diarrhea is all true. None of you should eat there given the state if the ice cream machines alone. I would never touch the stuff. That it’s all so artificially flavored enough that it’s gaslit all of you into thinking it’s edible is what I consider my greatest accomplishment in life, and my greatest fear. But I feel better, knowing that no matter what I do, it will never be as bad as Moon Hotdogz.”
One of the greatest flaws is that it was super expensive to run. Because all the food supply comes from earth and he refilled it every day for billions of dollars. Just because it cost so little for people to go there, didn’t mean it cost him so little to make it happen, and for whatever reason, Moon Hotdogz cost the most of anything, and I have to reiterate that it was Not An Expensive Restaurant to eat there. But he was so adamant about it staying in business, which it never closed because Musk is so rich. But if you broke down Musk’s stock portfolio, it would be like 15% space ex, 15% tesla, 10% twitter, 5% his lunar real estate company, 15% other things, 40% Moon Hotdogz. It had 12 seats in all.
It did so poorly and he tried so hard to keep it in business that when I went on a day trip there, just to see what the moon was like, the tour guide of the space-port was like, “Mr. Musk isn’t in his office right now. He’s working on something else.” And when I broke away from the group to sit down to eat at Moon Hotdogz because I hadn’t heard about it in this part of the dream yet I looked through the serving window and Musk was sadly working a griddle with like 3 other people in the kitchen. I didn’t order anything. But a group of Musk Fanboys™️ came in and ordered. They sat down and ate, and one of them just keeled over and died in the middle of the meal from the disgusting food snd the other ones just got all excited and hyped up like something great just happened and tried to get his autograph from that, but he just ignored them and kept working the griddle with a sad look in his eye.
This is easily me most vivid dream to date and I have no fucking clue why.
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Old School Ties
Perhaps it’s because schools are so busy during the day and you only get to see them nearly empty when you’re serving after-school detention that the idea of poking around in an empty school brings out the naughty schoolkid in all of us. It’s certainly that way with the two great empty schools in Maryland-the DC-area National Park Seminary and the abandoned St. Mary’s College near Ellicott City in Howard County. True, most people who visit these places actually risk detention in the big house for trespassing, but from a tantalizing and legally safe distance, these are some of Maryland’s greatest treasures.
Refinishing the Finishing School
With the demand for housing around Washington, DC, it’s almost inconceivable that a whole town could largely abandoned for fifty years just inside the Capitol Beltway. And yet that’s exactly what happened to Forest Glen, a Victorian resort town near Silver Spring. But even more bizarre than the fact it exists is the way it looks. The site’s two-dozen buildings include a pagoda, a Greek-style temple, a scaled-down castle, and Mediterranean villas, with statues scattered everywhere. That hardly qualifies as your average DC suburb.
But how did such a strange place come about in the first place? Forest Glen began life as a suburb resort, attracting the new class of permanent government workers created by the 1883 Civil Service Act. The prevailing opinion at the time was that city life was unhealthy and it was imperative to take frequent breaks to country resorts. Silver Spring was far enough out to qualify as the countryside, so a consortium of developers built Ye Forest Inne there, a quarter mile from the Forest Glen station. For about seven years, it eked out a declining business until in 1894 two teachers bought it up and turned it into a girls’ finishing school.
John and Vesta Cassedy renamed the site the National Park Seminary and touted the school’s creek of “soul training.” Their brochure read, “A daughter needs, above all, that the windows of her soul should be thrown wide open to the universe of beauty.” The Cassedys decided to ornament the area’s natural beauty with some man-made attractions. Inspired by the 1893 Chicago Fair, they embarked on a building spree between 1894 and 1916 that added sixteen “international” buildings-everything from a Swiss chalet to a Japanese-style pagoda. These newer buildings were designed as sorority houses. The rolls were filled with the daughters of prominent families-Chrysler, Heinz, Kraft, and Maytag-and the school remained active until 1942, under two changes of ownership. That’s when the army invaded.
Under the War Powers Act, the army was empowered to commandeer buildings it needed, and it decided that the National Park Seminary was exactly what it wanted. The Walter Reed Army Hospital bought this place for $859,000, put in some utilitarian buildings, and left the rest to slowly fall apart. For decades, it was a great place for urban explorers-some of whom hastened the decline of the buildings by vandalism. During this time, locals liked to walk through the place and came to regard it as a public park. By the late 1960s, the buildings were crumbling so much that the arm drew up a demolition plan. By the end of the 1980s, the army wanted to level the place. It was then that Maryland residents began to call for preservation. In due time, the National Register of Historic Places and a preservation society called Save Our Seminary came on board and stopped the army. But the decay continued. They held back the United States Arm until a truce was finally reached in 2005.
The sequel to the Forest Glen story as an abandoned site ends sadly. A group of developers area in the process of turning the ruins into prime residential real estate. The old inn and its grounds will become rental units, condos, and single-family homes. The place will retain its historic integrity (the preservationists will see to that), but it will no longer be the eerie abandoned place so many hundreds of people visited from the 1960s onward.
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Seeing Blue
I grew up in a very different era. Different stores. Different cultural values. Different everything. If I were able to go back to the 1960s, the decade of my youth, I wouldn’t recognize the place, so much has changed since then.
And one of the biggest most popular retail chains back then was Kmart. It was Walmart long before Sam Walton could gather enough momentum to expand out of Arkansas. The chain traced its roots to founder traveling hardware salesman S. S. Kresge, who opened his first store in 1897 with a partner. The shops, which soon spread across the US, were part of what was then known as the “five and dime” category, meaning cheap stuff.
It was in 1962 that his successor opened the first large-scale retail store, a prototype of the big box phenomenon that would come decades later. They were suburban, whereas the original Kresge stores tended to be center city. Kmart quickly became a retail icon.
There was a shiny new Kmart not many miles from where my family lived at the time, which was the south suburbs of Chicago. My Dad the Accountant always loved a bargain, and had no problem going there in search of one. Mom was enticed by short-term promotional offers that helped her replenish household needs, as well as personal products. My brother and I went along for the ride.
It was Kmart’s signature promotional stunt that probably painted a black eye on the company, though. Their Blue Light Special caused customers to get in an uproar, but also became synonymous with inexpensive junk.
Let me paint a word picture for you. At a seemingly random time, a shop employee would start walking the aisles with a special cart that had a revolving blue light mounted atop a pole. This caught shoppers’ attention, because no one knew where he was going. They just knew that a free for all was about to happen. At the ordained time and location, he would stop, and a voice would come over the loudspeaker: “Attention Kmart shoppers…”
And the deal was announced. “Pantyhose in Aisle 8 for 99 cents!” The women would go wild, pawing over nylon stockings as if this were a Black Friday sale on Xboxes. My brother, Dad, and I were left scratching our heads wondering what we were seeing, primal instinct propelling these women to fight as if they would never own another pair.
It scarred me for life. But then again, maybe it helped shape my never ending fascination with consumer behavior. I still don’t understand that scene, though.
Anyway. I have digressed terribly. Let’s skip forward to the 21C, which found a struggling Kmart and Sears merging in 2005. Both chains had seemingly outworn their welcome on the American retail landscape. Eddie Lampert and his hedge fund orchestrated the unlikely marriage, ostensibly so he could invest vast sums of money in both and make them more competitive again.
It quickly became apparent that Lampert was not at all interested in retail, but rather the land beneath it. The two chains had massive amounts of valuable real estate, and he started closing stores so they could be repurposed or demolished for other purposes. By 2019, there was little left, and in a fit of bankruptcy—long after he had extracted the value—he sold it to Transformco in what was probably the dumbest purchase ever. Unless, of course, Transformco thought it could squeeze a few more drops out of the orange.
Today, there are 11 Sears stores left in the continental US, and one in Puerto Rico. And Kmart—God bless them—is about to close its one remaining full-size store next month. All that will be left is a seriously downsized Kmart in Miami, and stores in the US Virgin Islands and Guam (because there’s no competition on those islands).
Fans of old retail are mourning, although we all knew it was just a matter of time. Amarillo lost its Kmarts years ago, as did the outlying towns. I remember the one in Clinton Oklahoma closing not long ago, one of the long-term survivors. You can always tell an old Kmart store, even though the company was always swift to remove all signage and vestiges of branding. About the best you could hope for is what we call a “label scar,” meaning the fuzzy, ghostly imprint of lettering when the rest of the building had faded around it through the years.
I am pretty sure that most of my students have not experienced a Kmart, unless you grew up near one of the rapidly dwindling number of stores during the last 20 years. They were hideous, typically in disrepair, with merchandise scattered haphazardly throughout. It wasn’t just cheap. It reaked of cheap. “Blue Light Special” had come to characterize the whole place, not just a good deal over on Aisle 8.
I could be callous and say good riddance, but I recognize that Kmart served its purpose. In many regards, Dollar General and the other stores of this type are carrying on the tradition, although on a much smaller scale, and without colorful lights. By comparison, Walmart looks like Saks 5th Avenue, and Target is Nordstrom.
And yet I still remember the carnage of women gone wild that one day. Some memories you simply cannot erase.
Dr “But I Wish I Could” Gerlich
Audio Blog
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Moving to Crystal Lake IL? Heres 5 Tips You Must Know! | Tamara & Ozzie
Moving to Crystal Lake, IL? Here’s 5 Tips You Must Know! | Tamara & Ozzie https://www.youtube.com/watch?v=OTpiPwPwfTQ Are you thinking about moving to Crystal Lake, Illinois, in 2024? Before you make the move, there are some essential things you need to know about this charming suburb of Chicago. From understanding the local Homeowners Associations (HOAs) and navigating home prices to learning about property taxes, weather, and transportation, we cover it all in this video. Join us as we explore the ins and outs of Crystal Lake, helping you make a smooth transition to your new home! In this video, we, Tamara and Ozzie from Century 21 New Heritage, share five crucial things you need to know before moving to Crystal Lake. Whether you're looking for information on the local real estate market or want to learn about the community's lifestyle, we've got you covered. Make sure to watch until the end for our top tips and subscribe to our channel for more insights on living in Crystal Lake and other McHenry County communities! #CrystalLakeIL #MovingToCrystalLake #RealEstateTips #IllinoisRealEstate #HomeBuyingTips #CrystalLakeLiving #McHenryCounty #HomeSellingTips #RelocatingToIllinois #TamaraAndOzzie #IllinoisHomes #PropertyTour #RealEstateAdvice #MovingTips2024 #HomebuyersGuide #CrystalLakeCommunity #TopNeighborhoods #HousingMarket2024 #ILRealEstateMarket #SuburbanLiving via Moving to Illinois with Tamara & Ozzie https://www.youtube.com/channel/UCsxJCexscWIJEFcD8myJr4A September 09, 2024 at 01:00PM
#propertytour#homeforsale#luxuryhome#luxuryrealestate#realestate#realestateagent#realestatetips#homeinvestment
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Who Bought the "Home Alone" House in Chicago?
Have you ever wondered about the iconic "Home Alone" house? This charming piece of cinematic history is not only a reminder of Kevin McCallister's hilarious and heartwarming adventures but also a real house located in the serene Chicago suburb of Winnetka, Illinois.
Let's dive into the story of who bought the "Home Alone" house and give it the spotlight it deserves.
The Iconic House
First off, the "Home Alone" house is more than just a set; it's a real house where people can actually live. It's located at 671 Lincoln Ave and was built in the 1920s.
The house itself is a gorgeous Georgian-style building, which became famous worldwide after the release of the "Home Alone" movie in 1990.
Its red brick exterior, classic symmetry, and cozy interior became the backdrop for one of the most beloved family movies of all time.
A New Chapter
So, who owns this piece of cinematic history? The house was bought by a private buyer in 2011. The details about the purchase include that it sold for slightly less than $1.6 million.
Considering the fame and architectural beauty of the house, it was quite the buy!
The new owners, who prefer to keep a low profile, became the custodians of not just a house but a slice of movie history.
While the buyers remain private individuals rather than celebrities or public figures, their purchase of the "Home Alone" house showcases a desire to preserve the film's legacy while making new memories in this historic home.
Living in a Movie Landmark
Owning such a famous house comes with its perks and quirks. For instance, the "Home Alone" house has become a tourist attraction, especially during the holiday season, mirroring the film's Christmas setting.
The new owners have embraced this unique aspect of their home, though they also value their privacy.
Making It a Home
While the "Home Alone" house has retained much of its original charm and exterior design, the owners have renovated to suit their tastes and needs.
The house's interior, famously staged for the movie's chaotic and fun-filled scenes, now reflects the personal style of its current residents. Yet, it still possesses the warm and inviting spirit millions fell in love with on the big screen.
A Symbol of Warmth and Family
The "Home Alone" house, beyond its physical beauty and design, symbolizes warmth, family, and the unforgettable adventures of childhood.
For the new owners, it's not just about owning a piece of movie history; it's about creating a loving and nurturing home for their family.
The house continues to symbolize creativity, resilience, and the importance of family—values that "Home Alone" portrayed so well.
Preserving History
The purchase and ongoing preservation of the "Home Alone" house demonstrate a commitment to maintaining the architectural and cultural heritage of this iconic home.
By keeping the house well-maintained and respecting its historical significance, the owners ensure that this cinematic and architectural history remains alive for future generations to appreciate.
Bottom Line by Chicago Real Estate Brokers
The "Home Alone" house in Chicago is more than just a filming location; it's a home that continues to inspire and captivate imaginations worldwide.
The private individuals who bought the house have undertaken the role of not just homeowners but also guardians of a piece of cinematic treasure.
While the house remains a private residence, its legacy as the setting of Kevin McCallister's unforgettable Christmas adventure lives on.
As the "Home Alone" house stands tall in Winnetka, Illinois, it reminds us of the joy, laughter, and warmth the film has brought into the hearts of millions.
For the new owners, it represents a unique blend of personal sanctuary and public fascination, proving that a house can be a star in its own right.
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Your Guide to Finding the Perfect Apartments for Rent in DeKalb
If you're considering a move to DeKalb, Illinois, you're in for a treat. This charming city, known for its vibrant community and rich history, offers a variety of living options to suit different needs and preferences. Whether you're a student, a professional, or a family, there are numerous apartments for rent in DeKalb that can meet your requirements. In this blog, we will explore the key benefits of living in DeKalb and provide tips on how to find the best apartments for rent in DeKalb.
Why DeKalb is a Great Place to Live
1. A Thriving Educational Hub DeKalb is home to Northern Illinois University (NIU), making it a bustling hub of educational and cultural activities. Living in apartments for rent in DeKalb puts you close to the campus, offering convenience for students and faculty alike. The university also contributes to the city's dynamic atmosphere, with various events, lectures, and sports activities.
2. Affordable Housing Options One of the significant advantages of living in DeKalb is the affordability of housing. Compared to larger cities, the cost of living here is much lower, and you can find a wide range of apartments for rent in DeKalb that fit different budgets. Whether you're looking for a cozy studio or a spacious family apartment, there's something for everyone.
3. A Close-Knit Community DeKalb offers a warm, small-town feel with the benefits of a city. The community is known for its friendliness and welcoming nature. When you rent an apartment in DeKalb, you become part of a community that values connection and participation in local events and activities.
4. Convenient Location DeKalb's strategic location offers easy access to major highways, making it convenient for commuting to nearby cities like Chicago. Additionally, the public transportation system is reliable, providing easy travel within and outside the city.
How to Find the Best Apartments for Rent in DeKalb
1. Set Your Budget The first step in your apartment search is setting a realistic budget. Consider your monthly income and expenses to determine how much you can comfortably spend on rent. This will help you narrow down your options and focus on apartments for rent in DeKalb that fit your financial plan.
2. Define Your Preferences Make a list of your must-have features and amenities. Do you need a pet-friendly apartment? Are you looking for a place with a fitness center or a pool? Knowing what you want will make your search for apartments for rent in DeKalb more efficient.
3. Research Neighborhoods DeKalb has several distinct neighborhoods, each offering its own unique vibe. Whether you prefer the bustling atmosphere of downtown or the peaceful suburbs, researching these areas will help you choose the right location. Look for apartments for rent in DeKalb that are close to your preferred amenities like schools, parks, and shopping centers.
4. Utilize Online Resources Online rental platforms such as Zillow, Apartments.com, and local real estate websites are valuable tools for finding apartments for rent in DeKalb. These sites offer detailed listings with photos, pricing, and descriptions, allowing you to compare different options from the comfort of your home.
5. Visit Potential Apartments Once you've shortlisted a few apartments for rent in DeKalb, schedule visits to see them in person. This will give you a better sense of the space, the building's condition, and the neighborhood. Don't hesitate to ask questions about lease terms, maintenance, and utilities during your visit.
6. Consider Proximity to Essentials When choosing an apartment, consider its proximity to essential services and amenities. Being close to grocery stores, schools, healthcare facilities, and public transportation can significantly enhance your living experience.
Conclusion
Finding the right apartment is an important step in ensuring a comfortable and enjoyable living experience. DeKalb offers a variety of apartments for rent that cater to different needs and budgets. By setting your budget, defining your preferences, and conducting thorough research, you can find the perfect home in this vibrant city. Whether you're new to the area or looking to move within DeKalb, there's an apartment waiting for you. Happy apartment hunting!
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Economic Challenges and Opportunities for Oak Brook, Illinois: An Analysis.
Oak Brook, Illinois, a picturesque village in DuPage County, is known for its affluent residential areas, robust corporate presence, and extensive recreational facilities. Despite its strengths, Oak Brook faces several economic challenges and opportunities that will shape its future. This analysis explores the current economic landscape of Oak Brook, Illinois highlighting key challenges and potential growth areas.
Economic Challenges
Retail Sector Decline
The retail sector in Oak Brook has historically been a significant contributor to the local economy, anchored by Oakbrook Center, one of the largest open-air shopping centers in the United States. However, the rise of e-commerce and changing consumer behaviors have negatively impacted brick-and-mortar retail stores. The COVID-19 pandemic further accelerated this trend, leading to store closures and reduced foot traffic. As retailers struggle to adapt, Oak Brook must innovate to reinvigorate its retail spaces.
Corporate Relocations
Oak Brook is home to several corporate headquarters, such as McDonald's (before its move to Chicago) and Ace Hardware. However, corporate relocations to downtown Chicago or other metropolitan areas for better access to a younger, urban workforce pose a significant challenge. This trend can lead to reduced local employment opportunities and lower commercial real estate occupancy rates, impacting the village's economic stability.
Aging Infrastructure
The infrastructure in Oak Brook, like many established suburbs, is aging. Roads, public utilities, and facilities require upgrades to meet modern standards and support future growth. Funding these improvements amidst budget constraints poses a considerable challenge for local government, potentially affecting the village’s appeal to businesses and residents alike.
Environmental Sustainability
Oak Brook's development over the years has led to increased pressure on its natural resources and environment. Managing stormwater, maintaining green spaces, and reducing the carbon footprint are essential to ensuring sustainable growth. Addressing these environmental concerns requires substantial investment and a strategic approach.
Economic Opportunities
Diversification of the Economic Base
To mitigate the risks associated with reliance on retail and a few large corporations, Oak Brook can diversify its economic base. This involves attracting businesses from burgeoning sectors such as technology, healthcare, and green energy. Initiatives to foster a startup-friendly environment, including tax incentives and co-working spaces, can attract new enterprises and drive economic dynamism.
Revitalization of Retail Spaces
Transforming retail spaces to mixed-use developments can revitalize Oak Brook’s economy. This includes incorporating residential units, office spaces, entertainment venues, and green areas into traditional shopping centers. Mixed-use developments can enhance the village’s appeal, increase foot traffic, and create a vibrant community hub.
Leveraging Location and Infrastructure
Oak Brook's strategic location near major highways and its proximity to Chicago offer significant logistical advantages. By leveraging this location, the village can attract logistics and distribution centers, which are increasingly important in the era of e-commerce. Enhancing transportation infrastructure, such as improving road conditions and connectivity, can further bolster this opportunity.
Focus on Education and Workforce Development
Investing in education and workforce development is crucial for sustaining long-term economic growth. Partnerships with local colleges, universities, and vocational training centers can ensure a skilled workforce that meets the needs of modern industries. Additionally, initiatives to attract and retain young professionals, such as affordable housing projects and community amenities, can help counteract the loss of younger demographics to urban centers.
Tourism and Hospitality
Oak Brook's rich history, cultural institutions, and recreational facilities provide a solid foundation for expanding tourism and hospitality. The village can capitalize on these assets by promoting itself as a destination for both leisure and business travelers. Enhancing local attractions, hosting events, and improving hospitality services can stimulate economic activity and create jobs.
Sustainable Development Initiatives
Embracing sustainable development practices presents a dual opportunity for Oak Brook: protecting the environment and attracting environmentally conscious businesses and residents. Implementing green building standards, expanding public transportation options, and investing in renewable energy projects can position Oak Brook as a leader in sustainability, appealing to modern sensibilities and reducing long-term operational costs.
Conclusion
Oak Brook, Illinois, stands at a crossroads with distinct economic challenges and opportunities. Addressing the decline in the retail sector, managing corporate relocations, upgrading aging infrastructure, and ensuring environmental sustainability are critical to the village’s economic health. However, by diversifying its economic base, revitalizing retail spaces, leveraging its strategic location, investing in education and workforce development, and embracing sustainable practices, Oak Brook can navigate these challenges and unlock new growth potential.
The future of Oak Brook depends on strategic planning and proactive measures to foster an environment conducive to business innovation and community well-being. With its strong foundation and forward-thinking approach, Oak Brook can continue to thrive as a dynamic and prosperous community.
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property management company in Chicago
Root Realty is dedicated to offering top-tier property management services throughout Chicago and its surrounding suburbs. Our team, with extensive experience in the real estate sector, focuses on enhancing the investment returns and operational success of your properties. Our property management company oversees a variety of properties, including apartment complexes, mixed-use spaces, and development projects. We manage rental properties and investment properties in areas like Niles, Skokie, Northbrook, Evanston, Bucktown, Lakeview, Lincoln Park, Irving Park, Ravenswood, Lincoln Square, Wrigleyville, and Peterson Park. We provide a comprehensive array of services designed specifically to cater to the distinct needs of each property and its tenants.
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Chicago Multifamily Brokerage | eXp Commercial No Matter Where You Area In The Investment Cycle We Can Help You! Commercial Real Estate Brokerage firm specializing in the listing and sale of multifamily properties in the Chicago area and suburbs. Website: https://www.creconsult.net Phone: 630.474.6441 Email: [email protected]
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KB Home: Locations
I. Introduction
KB Home, a leading homebuilder with a rich history, offers a diverse range of housing solutions across the United States. Understanding the locations where KB Home operates is crucial for prospective homebuyers seeking quality homes tailored to their preferences.
II. Nationwide Presence
A. KB Home's Extensive Reach Across the United States
With a strong presence nationwide, KB Home operates in various states, providing homebuyers with a wide array of options. Major metropolitan areas serve as focal points for KB Home communities, offering accessibility and diverse living environments.
III. Western United States
A. California
California, known for its diverse landscapes, hosts several KB Home communities. From the bustling urban areas to serene suburban neighborhoods, KB Home caters to the varied housing needs of residents across the state.
B. Arizona
KB Home extends its presence into Arizona, offering homes in locations that showcase the state's unique character. Whether in Phoenix, Tucson, or other cities, KB Home provides diverse housing options to meet the preferences of Arizona residents.
C. Colorado
In Colorado, KB Home has a notable presence in the dynamic real estate market. From the Denver metropolitan area to other regions, KB Home's developments reflect the state's diverse housing landscape.
IV. Central United States
A. Texas
Texas, known for its size and diverse communities, features KB Home developments in major cities. From Houston to Austin and Dallas, KB Home offers homes that align with the varied preferences of Texas residents.
B. Illinois
KB Home's presence in Illinois contributes to the state's vibrant real estate market. With developments in cities like Chicago, KB Home addresses the housing needs of residents in this bustling Midwestern state.
C. Florida
Florida, renowned for its sunny climate and diverse lifestyle options, sees KB Home contributing to the state's real estate landscape. Beachfront properties, urban living, and suburban communities showcase KB Home's adaptability to Florida's unique preferences.
V. Eastern United States
A. North Carolina
In North Carolina, KB Home is an active participant in the state's housing market. Developments in cities such as Charlotte and Raleigh reflect KB Home's commitment to providing quality homes tailored to the preferences of North Carolinians.
B. Virginia
Virginia's real estate market benefits from KB Home's presence, with developments in key areas. KB Home's communities in Virginia showcase the company's ability to adapt to the diverse preferences of residents in the state.
C. Maryland
Maryland, with its mix of urban and suburban living, hosts KB Home communities contributing to the state's housing options. From Baltimore to the suburbs, KB Home's developments align with Maryland's unique real estate landscape.
VI. Conclusion
In conclusion, exploring KB Home's locations provides prospective homebuyers with insights into the diverse communities the company offers across the United States. The significance of these locations lies in the tailored housing options available, encouraging homebuyers to further research and discover the ideal KB Home community for their needs.
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