News

10/20/1999 Green Building Program.
Favorite Building Construction Company is going to construct environmentally responsible buildings using main requirements of the Green Building Program. Main requirements of the program are to minimize impact of environment and decrease buildings power consumption. The first environmentally responsible building will be built in March, 2000.

07/15/2000 Favorite Building Construction Co has completed construction of a condominium building in Chicago.
Favorite Building Construction Co has completed construction of a condominium building in Glencoe, Wentworth Ave. This pearl of real estate features indirect lighting, steam room, sauna, French limestone fireplaces and wine cellar. The house is wired with latest technologies. This project was developed by leading architects of Favorite Building Construction Co.

04/05/2002 Favorite Building Construction Company finished construction of a shopping center in Chicago.
Favorite Building Construction Company has finished construction of the shopping and recreation center in Chicago. The structure of the building includes a sophisticated exterior facade made of pre-cast compression, EIFS, granite and compound metal panels. The 2-story buildings have two levels of underground parking. The shopping and recreation center has a pool, a fitness center, a few cafes and a day nursery.

09/02/2004 The Build Boston trade show
Vadim Niyazov has just come back from the Build Boston trade show which is always remarkable for great variety of offerings. Tens of thousands of designers, owners, contractors and architects visited this trade show which had more than 300 exhibits of building technologies, and products in the exhibition hall. During the Build Boston trade show lots of workshops on building science and use of new building technologies were held. They were sponsored by BSA. Special attention was paid to the environmental design and LEED Specifications there. Having visited this seminar Vadim Niyazov, a co-owner of the Favorite Building Construction Company, said "I believe a good architect always has to learn if he wants to be successful. And without doubt our company will continue its activity concerning environmental design. Over last three years our construction and especially single-family housing were strong. This trade show helped us to take a look into our future and we realized it is time to change our basic building model."

08/30/2005 Will the prices on real estate turn downward?
Today experts at housing market are debating heatedly. David Lereah, representative of the Realtors National Association says there is a pick of sales activity at the market now. But he forgets to say us about so-called "bubble scenario". According to the Association reports single-family sales went down on 5.6 % in the Chicago area last month. But the Commerce confirmed the sales in Midwest were down 7.7 %. Real estate agents of Chicago-area say there are still lots of buying activity. So, we ask ourselves is a Great Housing marathon over? Many experts think not and moreover they feel confident of the real estate market. They see Chicago isolated from instability.
Lots of economists think Chicago housing boom would protect it from the "price correction" they see in the cities of the East Coast. If for the last 5 years prices on houses jumped in Chicago on 50%, in Florida they jumped on 100 %. But at the same time a director of the Economic and Policy Research Center says Chicago is one of the cities where we should expect “bubble scenario”. He thinks today it is better to rent apartments than to buy them. Bubble fear resulted in the fact that people became more careful and they prefer to wait for a couple of years. So as we see situation at the real estate market is rather confusing today.

03/10/2005 Building is paused in Montgomery County to save mansions off march.
It is not a secret nowadays building construction companies tend to build oversized buildings. In a view of numerous complaints in Montgomery County they are going to freeze demolitions, construction of new buildings and considerable renovations. Joseph Rubin says this moratorium will endanger housing stock of the town. Montgomery County officials are debating measures to change both heights of residential building and save housing stock. They offer to reduce the maximum height of a building to 30 feet. The moratorium will last six month.

07/25/2005 Disaster-resistant constructions.
Everybody remember terrible Hurricane Charly which destroyed a great number of houses. In a view of this disaster Favorite Building Construction will focus on disaster-resistant constructions in order to replace previous homes of people who suffer disaster. Now the company is working on the project for Safe Homes. It has received some materials from the partners. Among them there are “WinGuard” impact-proof windows that are made of the flexible plastic sandwiched between glass panes and impact-proof doors. If wind-borne debris things break glass laminate, window glass stays in the frame keeping out destructive winds that can take off the roof. The walls of the houses will be made of mix-in-situ concrete.

07/17/2006 Favorite Building Construction Company has started construction of ten mansion houses in Chicago suburbs.
Favorite Building Construction Company has started construction of ten mansion houses in Chicago suburbs. Chateauesque style mansion houses with two stone patios on each side of the house, Family Spa, Gym room, Wine Cellar, Sauna, Stone driveway and copper gutters will be really luxury homes with beautiful and elegant design.

01/25/2007 2.000 ft high skyscraper in Chicago.
Today Chicago moved closer to two highest skyscrapers of the USA. 2,000 ft Chicago Spire designed by Santiago Calatrava will be a multiunit residential property which can be compared to a blade of grass. Chicago Spire will have a plaza at the riverfront and an underground parking.
Situated at the place where the Chicago River flows in Lake Michigan, in the centre of a Chicago skyline it will be 1,450 ft high. This project approved by the city officials shows undying interest to skyscrapers all over the world. Specialists say today high buildings are considered to be equated with success.

05/11/2008 Renovation of the Arlington Heights Memorial Park.
Board of directors of the company Favorite Building Construction decided to offer their mite to renovation of the Arlington Heights Memorial Park, founded in honor of active-duty military men and veterans of the town. They made a donation to the fund founded by the town government.

10/01/2008 Main trends at the real estate market.
First of all a positive tendency will be evident at the ownership market. Most people will prefer to rent for longer periods of time and as a result rental development will see higher rates. Despite negative prognoses of the previous year and low interests rates some conditions favorable for homebuilding companies will appear. Chicago builders will make big plans on such Chicago suburbs like St. Charles and Wheeling, as well as on Brighton Park. There are lots of prosperous Chicago suburbs that undergo demographic explosion and as a result leading builders focus on such popular suburbs as Arlington Heights, Des Plaines, Orland Park, Bridgeview and Morton Grove. Demand for construction of new buildings will increase there. Green building continues to be key point for building construction companies in 20008. To meet requirement of buyers and contractors the building-construction companies will have to use smart home technologies and new0-day styles. In Chicago stylish glass-and-stainless steel buildings will be a key trend.

09/10/2009 On-line services at construction market.
According to a poll conducted at the beginning of this year more than 85% of buyers and building-contractors prefer on-line process. Taking into account this tendency, Favorite Building Construction Company created its own web-site favoritebuilding.com where contractors as well as buyers and home sellers can get all necessary information about activity of the company and contact with its team.

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