Many times it is easier to structure a joint venture with a developer to offset the initial risk and cash outlays normally required for a project. We believe a good developer will recognize a creative owner that understands these risks and will normally go with an owner that helps them in the earlier stages of a development. The owner is not asked to risk anything but some time in a properly structured transaction. The benefit is to make a deal at the highest and best price that a willing buyer is prepared to pay. Many times the owner will get his full price and will be taken out at a time before anything is at risk. Our services analyze the proper zoning; changes may need to be made. We look at the most credible current uses; who is in the market and at what price. We can negotiate special agreements with the municipality, such as lowering impact fees, etc., to enhance the likelihood of finding a buyer. Many issues specific to the assignment need to be assessed. These services are not offered by the regular broker; they do not have the personal experience,. They are not, nor ever have been, developers.

We have experience in creating and developing TIF Districts. We used a TIF to develop the Spring Hill Center for Commerce & Industry Industrial Park in Carpentersville. We were reimbursed for one million dollars for TIF eligible costs such as mass grading, utility improvements, governmental fees, etc. Today, the necessity for a TIF in certain situations is a greater necessity than in the past. For large scale residential projects it is essential. There is no credible way to pay the costs of mass grading, streets, utility extensions and more importantly, impact fees. Impact fees are TIF reimbursable. Without this reimbursement, the project may be financially unfeasible. The developer cannot come out ahead if they cannot get reimbursement later from a TIF. Many times the developer can obtain up front financing to make the project feasible. The most important effect to a seller is the creation of value to the seller to get a greater price for his property. There is no other way to maximize the property value than to get the property organized into a TIF before the property is taken to the market. Most developers do not want to waste their time to deal with negotiating with a municipality to organize a TIF district. Only in special circumstances is this possible. We can recognize these possibilities and can help to organize additional owners to apply pressure to a municipality to establish a TIF district. We have the specific knowledge to get results; give us a call.

Our services can assist owners with properties that have issues that have made them difficult for other brokers to succeed in getting them into the marketplace at the best realistic price. We keep up to date on the changes in the market that impact specific properties.

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