Last Chance opens in Yorktown

LOMBARD — The Last Chance clearance store, operated by Nordstrom, opened Thursday in Yorktown Center in Lombard. This is the second such store nationwide. The first opened in 1992 in Phoenix, Arizona. Last Chance is a clearance store that offers end-of-season merchandise and customer returns from Nordstrom and Nordstrom Rack. All Last Chance merchandise is sold “as is” and discounted up to 95 percent. The featured merchandise includes apparel, shoes and accessories.

Work continues on facility

WOOD DALE — After a slowdown, construction is picking back up to revitalize a large senior living project on Irving Park Road in Wood Dale. The project, which is about half done, is back on track at full strength, said Rick Lynn, an associate with Oak Brook-based Marcus & Millichap, the brokerage company that brought in the construction loan to finish the project. The project, expected to be completed this spring, includes 147 units, 104 of those designated to assisted living and another 43 for memory care. The $30 million project is taking place at 276 E. Irving Park Road on 2.79 acres. Randall Residence was named the new operator of the senior living facility. The Lawton, Michigan-based company runs assisted living facilities in Ohio, Michigan and southern Illinois. “This is the first one for them in the Chicago market,” Lynn said.

Home sales slow

DOWNERS GROVE — The suburban housing market experienced a slight slowdown in sales in September, according to data information provided by Midwest Real Estate Data LLC to Mainstreet Organization of Realtors. The number of single-family homes sold in September in about 200 communities in DuPage, Lake and suburban Cook counties was down 1.3 percent to 3,291 homes sold, compared to September 2015. But sales prices continue to climb. Despite the uncertainty that may be caused by the election, many of the communities still saw an increase in the number of houses sold compared to this time last year. Communities that recorded notable growth in the number of houses sold last month include Buffalo Grove (26.5 percent), Downers Grove (26.5 percent), Hoffman Estates (15.2 percent), Mundelein (31.4 percent), Oswego (52.5 percent) and Orland Park (75.9 percent). Other key market statistics for September show prices increasing along with the demand for inventory.

Inland sells 5 parcels

OAK BROOK — Inland Real Estate Brokerage & Consulting Inc. said it has closed on the sale of five individual properties, with a combined total of about 50 acres on behalf of the Roman Catholic Diocese of Joliet. The properties, part of a 30-property portfolio, include the former Roman Catholic Chancery & Tribunal complex in Joliet, and land parcels in southwest suburban Frankfort, University Park, Channahon and Romeoville. Proposed developments for the parcels include separate retail, single-family residential and assisted living uses. Eric Spiess, vice president, Paul Montes, vice president, and Paul Rogers, president of Inland Brokerage & Consulting, represented the Diocese of Joliet in the five transactions.