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FITNESS CENTER/CLUBHOUSE
Lake in the Hills- Condo association selling clubhouse facility on 2.48 acres with 2 pools, fitness room, possible gym, tennis courts, kitchen and more. 15,925 SF built in 1995. Motivated. $1,299,000.
Click photo for specs
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RETAIL STUNNER
Cary- 3,560 SF (expandable) end cap with glass on 3 sides. Shadow anchored by Jewel on Rt. 14. Great traffic counts and access. $19.00 psf net.
Click photo for specs
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REMODELED BANK BUILDING
Cary- 1,556 SF freestanding office in downtown Cary near the train. Private parking lot. 1,056 SF on main level; 500SF in finished basement. $13.11 PSF gross ($1,700/mo).
Click photo for specs
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CONTRACTOR'S YARD
Carpentersville- 8,593 SF (6,000 and 2,593 SF) industrial facility with fenced paved yard. 1.13 acre triple basin drains, 5 DID's. 15-19' ceilings. Great buy at $530,000.
Click photo for specs
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TRANSACTION OF THE MONTH 
221 Liberty, Crystal Lake
SOLD & CLOSED
Crystal Lake- 24,600 SF bank owned industrial building on 2.29 acres, 2 docks, 3 DID's, sprinklers. Sold for $605,000 to District 47.
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THE TRUE IMPACT OF IMPACT FEES
By: Bruce Kaplan
Being in the commercial real estate business as long as I have, and being involved in the development process both as a broker and as a principal, I have had to deal with numerous municipalities on the matter of their impact fees. A layperson probably wouldn't relate to the term (impact fees) so I thought I'd try to bring everyone up to speed on the subject.
Development impact fees (DIF) have been born out of the notion that "growth should pay for itself." Certainly that is a noble objective. If some developer wants to build a project that's going to require a new school to be built or a fire or police station or a new sewage treatment plant, as an individual taxpayer, I don't want to have to pay for that. Growth has impact on the existing infrastructure of a municipality.
A definition of Development Impact Fees is "a one-time charge assessed to new development." The objective of these charges is to raise revenue for the construction or expansion of capital facilities (like schools, fire stations, etc.) located outside the physical boundaries of the new development itself from which the new development in question will directly or indirectly benefit.
A lot of case law exists nationally on the efficacy of impact fees but suffice it to say there needs to be some rational correlation between the fee assessed and the actual cost of the incremental impact being generated. If you study impact fees from community to community, you will see a wide variation on this subject with some communities heavily buying into the notion or charging impact fees for everything from soup to nuts and other communities not so hung up on the idea.
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SUBURBAN OFFICE VACANCY REMAINS HIGH
January 14, 2013, ChicagoRealEstateDaily.com
 No news is bad news for office landlords in Chicago's suburbs.
The suburban office market ended 2012 the same way it started the year: with a 24.5 percent overall vacancy rate, according to Chicago-based Jones Lang LaSalle Inc. The year-end vacancy matched the rate in the third quarter.
"It's going to take three years or more before it gets any lower," said Fred Schuler, a managing director at Jones Lang LaSalle who represents tenants in the suburbs. "I think it could even go higher before it goes lower."
Along with the well-publicized trend of companies moving their offices to downtown Chicago - where overall vacancy was comparatively low at 14.9 percent to end 2012, according to CBRE Inc. - suburban landlords also face an uphill battle when it comes to businesses that stay. Many continue to pack more employees into less space, whether they're renewing a lease or moving to a new building.
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CHICAGO COMMERCIAL VALUES RETURN TO 2005 LEVELS
After two years of solid price gains, Chicago-area commercial landlords are back to where they were in 2005.
Local commercial property values have risen 37 percent in the past two years but are still well below pre-crash levels, according to a new price index compiled by Real Capital Analytics Inc. Prices today are roughly where they were in mid-2005, when the real estate bubble was still inflating and the Chicago White Sox were on the path to their World Series triumph.
The index fills in a picture of a local real estate market that continues to recover from the worst recession since the 1930s but has yet to shake off the malaise completely.
Though good times have returned for investors who own trophy buildings in the best downtown locations, it's a different story for many properties in the suburbs, which have been slower to come back - and remain a harder sell to investors. Moreover, many landlords are in financial distress, depressing property values.
"It's still the haves and the have-nots," said Real Capital Managing Director Dan Fasulo. "There's still this massive bifurcation that exists in the market."
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FISCAL CLIFF ANALYSIS
Reprinted from Wells Fargo Adivisors
January,2 2013
What the agreement may mean for the economy and markets
After months of uncertainty and media attention surrounding the Fiscal Cliff, U.S. lawmakers
finally put together a last-minute deal to avoid most of the damaging tax hikes and federal spending
cuts that were scheduled to start on January 1, 2013. This compromise will not solve the longer-term
debt and deficit problems facing the United States. However, it will prevent major tax increases on
most Americans, and will, therefore, likely keep the economy from falling into recession. Continued
modest economic growth should give lawmakers more time to address the longer-term issues of tax
reform and the growth of federal spending.
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SHOULD I LEASE OR PURCHASE MY COMMERCIAL OFFICE SPACE?
Reprinted from Austin Tenant Advisors
Many clients pose these questions to their real estate broker, particularly in times when lease rates are at historic highs or when property rates begin to drop. Should I lease or buy my commercial office space? Does it make sense for my business to do so? What considerations should I make when deciding? Since both scenarios impact your bottom line it's important to evaluate your current and future business goals and space needs and consider the pros and cons of buying or leasing.
Purchasing Commercial Office Space
Potential Advantages
- When the business owner purchases office space, he knows exactly what his commercial mortgage is, thus defining a fixed cost.
- There are certain tax advantages in owning and operating a commercial space, such as deductions for mortgage interest, property taxes, and real estate depreciation.
- The owner may also be able to subdivide his extra office space to tenants providing an added income stream.
- The owner occupier can operate the building as they see fit thus having more control.
- Finally, there is the possibility that the value of the office space or building will appreciate over time, thereby becoming an investment that will fetch many times the original purchase price.
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New Year's Day was tough for taxpayers. Thirteen tax increases kicked in.
The deal that Congress and President Obama struck that finally-but only partially-avoided the fiscal cliff resulted in seven tax increases.
Those hikes combined with six tax increases from Obamacare that also began on New Year's Day.
13 Tax Increases That Started January 1, 2013
Tax increases the fiscal cliff deal allowed:
- Payroll tax: increase in the Social Security portion of the payroll tax from 4.2 percent to 6.2 percent for workers. This hits all Americans earning a paycheck-not just the "wealthy." For example, The Wall Street Journal calculated that the "typical U.S. family earning $50,000 a year" will lose "an annual income boost of $1,000."
- Top marginal tax rate: increase from 35 percent to 39.6 percent for taxable incomes over $450,000 ($400,000 for single filers).
- Phase out of personal exemptions for adjusted gross income (AGI) over $300,000 ($250,000 for single filers).
- Phase down of itemized deductions for AGI over $300,000 ($250,000 for single filers).
- Tax rates on investment: increase in the rate on dividends and capital gainsfrom 15 percent to 20 percent for taxable incomes over $450,000 ($400,000 for single filers).
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300
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NINE DO IT YOURSELF HOME REMEDIES TO BEAT THE FLU EVEN DURING AN EPIDEMIC
(NaturalNews) Even during a flu epidemic, there's no reason to fear becoming sick if you have the following home remedies on hand. Some act to protect you ahead of time before even getting sick, while others help you to recover after contracting the illness.
Remedies for preventing the flu
� Colloidal Silver -- Possibly one of the most important medical roles for colloidal silver is it's ability to destroy pandemic flu viruses and deadly pathogens like methicillin resistant staphylococcus aureus, or MRSA. Colloidal silver not only stops bacteria and the flu virus in its tracks after being infected, but protects against contagion. Take colloidal silver prophylactically as soon as you experience the first symptoms of illness to ward off a full-blown attack. Prophylactic treatment involves adults taking a teaspoon or two daily during flu season. Children can take one-half to one teaspoon daily depending on age and weight.?
� Influenzinum nosode -- Taken in low potency such as 9C or 12C used once a month during flu season, homeopathic Influenzinum will prevent the flu and flu-like viruses. Mix one pellet in four ounces of water and sniff. Don't inhale the water. This is called an olfactory dose and helps prevent side effects. Influenzinum is only available from your homeopath or a homeopathic pharmacy.
� Oscillococcinum -- Homeopathic Oscillococcinum also prevents flu from taking a foothold. If you know you've been exposed or at the first sign of symptoms, dissolve a pellet in the same manner as mentioned above and sniff the remedy once or twice a day for three days to boost your immune system. Shortens the duration of the flu for some people. Available at all stores that sell homeopathic remedies.
� Garlic tea -- A well-known immune system strengthener, garlic shines as an antibacterial and antiviral for fighting colds, coughs and especially the flu. One of the best ways to take advantage of garlic's healing properties is by drinking fresh garlic tea sweetened with a little raw honey.
Home remedies for treating the flu
� Chicken soup -- Take advantage of the high antioxidant properties and nutrients to fight the flu by eating lots of chicken soup. and antibiotics that are not recommended for well being. In addition to vitamins and minerals found in vegetables, bone broth made by cooking chicken home-made is a strong immune system builder and provides numerous trace minerals to support healing. Use organic chicken and vegetables to obtain the best of the nutrients provided.
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Not a Joke!!
You will love attorneys for these tips.
Read this and make a copy for your files in case you need to refer to it someday. Maybe we should all take some of his advice! A corporate attorney sent the following out to the employees in his company:
1. Do not sign the back of your credit cards. Instead, put 'PHOTO ID REQUIRED.'
2. When you are writing checks to pay on your credit card accounts, DO NOT put the complete account number on the 'For' line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won't have access to it.
3. Put your work phone # on your checks instead of your home phone. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never have your SS# printed on your checks. (DUH!) You can add it if it is necessary. But if you have it printed, anyone can get it.
4. Place the contents of your wallet on photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel.. Keep the photocopy in a safe place.
I also carry a photocopy of my passport when I travel either here or abroad. We've all heard horror stories about fraud that's committed on us in stealinga Name, address, Social Security
number, credit cards..
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Happy New Year! Valentines Day is next. Then comes
April 9, Cary Municipal Elections. Bruce is running for Mayor of Cary. He has formed a Committee, filed with the State Board of Elections and is raising money for what is a hotly contested campaign. He was the top vote getter in the 2011 Trustee election. His committee intends to see that history repeats itself. Check out his Mayor website at www.brucekaplanforcarymayor.com.
If you believe Bruce will do a good job go to the Supporters tab and write a testimonial for Bruce. Donations can be made to Committee to Elect Bruce Kaplan. Bruce invites you to attend his fundraiser on Tuesday, Jan 29 at the Tapas Restaurant (in Orchard Meats) in Cary from 5-8 PM. This is a wine and cheese affair.
Bruce and Joe are kicking off our 6th year of raising donations for the food pantry. Our Select Vendors have donated $18,500 to help the food pantries provide food to those who are in need. We are looking for new additions to the Vendor list. These would be businesses who provide a service related to the commercial real estate business (lawyers, banks, title companies, surveyors, etc.) Call us if you know someone who might qualify. It costs $200/yr. to be in the program with 100% going to the food pantries.
Our condolences to the family of Elroy Fitzgerald who passed away last week at the age of 83.
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