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A leasing commission, or LC for short, is a fee paid by a commercial real estate landlord to a real estate broker in exchange for introducing a tenant that successfully completes a lease with the landlord. It is normally paid in the form of a percentage of the tenant's yearly rent.
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
Chicago Ridge is a village in Cook County, Illinois, United States. Per the 2020 census, the population was 14,433. [2] It is a suburb of Chicago. History.
The Ridge Historic District is a residential historic district in the Beverly and Morgan Park neighborhoods of Chicago, Illinois. As its name suggests, the district is centered on a ridge , making it one of the few areas of high ground in the generally flat city.
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
In March 2001, the company began development of the $58 million, 436,000 square foot Chicago International Produce Market. [ 4 ] In July 2001, the company invested $56 million in 9 suburban buildings and sold an apartment complex, 4 industrial buildings and a 42-acre land parcel in Aurora, Illinois for $48 million.
Magellan Development Group, LLC is an American real estate and property development company that was formed in 1996 as a result of a long term corporate partnership between Joel Carlins and James Loewenberg. The company's chief executive officer is David Carlins and J.R. Berger is a principal.
A credit tenant lease (also known as a "bondable lease") is a method of financing real estate. [1] [2] A "credit tenant lease" is a lease from a landlord to a tenant that carries sufficient guarantees that lenders will perceive the rent cash flows from the lease are as reliable as a corporate bond. This typically requires that the tenant have ...
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