Barrington Hills sale is town’s most expensive in 7 years
A 21,000-square-foot mansion set on 22 acres in Barrington Hills sold for $4.5 million Monday, the most expensive sale in the suburb since 2012. The property at 207 Woodhaven Lane has five bedrooms and seven bathrooms. Connie Antoniou of Jameson Sotheby’s International Realty represented the sellers, electronic security firm founder Dante Monteverde and his wife, Alicia Lopez Monteverde. The buyers were not identified in public records. [Chicago Tribune]
Linebacker could lose Northfield home in foreclosure
Lance Briggs, a former linebacker for the Chicago Bears, plans to contest a bid by Citibank to seize his home in Northfield after a foreclosure auction. Briggs bought the house for $2.3 million in 2008 and took out a $1.7 million mortgage that Citibank says he still owes in full. Citibank was the lone bidder for the house in a foreclosure auction, but Briggs’ lawyer said he plans to fight the seizure. Briggs is also facing foreclosure proceedings on another home he owns in Northbrook. [Crain’s]
Naperville officials want more affordable housing units
Some Naperville city officials want the developer planning a large residential complex near a Metra station to set aside 20 percent of them as affordable. Ryan Companies proposed nearly 400 apartments, roughly 40 condos and a dozen or so brownstones, along with 1,200 new parking spaces, and office, retail and flexible space. Some officials proposed the affordable housing requirements in the project as a way for Naperville to meet a statewide requirement to have 10 percent affordable homes citywide by the middle of next year. [Daily Herald]
Industrial stays hot
The Chicago-area industrial market saw a 30.4 percent increase in industrial sales activity year-over-year in February, according to new report from Avison Young. The surge was second among major metro areas behind Dallas, which saw a 45.7 percent jump. The Chicago market saw 51 properties trade for $470 million in January and February of this year, trailing only Los Angeles in terms of total sales. More than half of Chicago’s total sales — $244 million — were in portfolio deals. [RE Journals]
Regus signs long-term renewal in Schaumburg
Regus Office Center signed a long-term lease renewal for 36,000 square feet at Woodfield Preserve Office Center in Schaumburg. The shared-office provider has been a tenant in the complex at 10 North Martingale Road since 2000. Bill Elwood and Rob Graham of CBRE represented owner Zeller Realty Group, while Kellen Monti of JLL represented Regus. [GlobeSt]