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Thursday, March 04, 2021Building Permits Are Up and Home Construction Could Follow
Building Permits Are Up and Home Construction Could FollowBoost Follows a Dip in Work in January By Rohit Diwadkar CoStar News New data released by the U.S. Census Bureau and the Department of Housing and Urban Development shows a dip in new privately owned home construction this January. The seasonally adjusted annual rate of housing construction starts fell to 1.58 million units, down 6% from the previous month. The data also shows this rate decreased by 2.3% on a year-over-year basis. Lumber prices
Thursday, March 04, 2021Here's How Industrial Space Demand Is Spilling Out of Warehouses. And Investors Are Taking Notice.
Here's How Industrial Space Demand Is Spilling Out of Warehouses. And Investors Are Taking Notice.Triten Real Estate Looks To Buy Outdoor Industrial Storage Sites Across the Country A Texas real estate firm, Triten Real Estate Partners, is betting that demand for industrial service facilities, also known as outdoor storage areas, could grow. (Getty Images) By Marissa Luck CoStar News While most investors have been snatching up small last-mile delivery stations and big e-commerce warehouses, there
Wednesday, March 03, 2021Target Boosts Investment in Fulfillment Centers To Seize on Huge Demand
Target Boosts Investment in Fulfillment Centers To Seize on Huge DemandFacilities in Chicago, New Jersey Under Construction, Fueled by Triple-Digit Increase in E-Commerce Target's new Logan, New Jersey facility is part of an industrial park by being built by East Brunswick, New Jersey-based Greek Development. (CoStar) By Clare Kennedy CoStar News Executives at Target Corp. said the Minneapolis-based retailer intends to spend $4 billion annually to aggressively expand its logistics network in
Wednesday, March 03, 2021Kohl’s Forecasts Growth, Helped by Alliances With Sephora, Amazon
Kohl’s Forecasts Growth, Helped by Alliances With Sephora, AmazonRetailer Plans To Dedicate 2,500 Square Feet in Stores for Beauty Counters Kohl’s plans to dedicate 2,500 square feet of space at the front of its stores for Sephora’s beauty and skin care products. (Kohl’s) By Jennifer Waters CoStar News Retailer Kohl’s is allocating $550 million to $650 million in capital expenditures this year to cover the costs of its new partnership with beauty products seller Sephora, as well as a new e-commerce
Wednesday, March 03, 2021Free Tax Preparation Assistance Available Throughout Illinois
Springfield, IL – Low-to-moderate income families and older Illinoisans needing assistance filing their 2020 individual income taxes can receive free help through several trusted programs across the State of Illinois. The Internal Revenue Service (IRS) and AARP Tax-Aide programs are providing free basic income tax return preparation with electronic filing to qualified individuals in select locations statewide. How taxpayer assistance is provided and when services are available varies by region, based upon
Wednesday, March 03, 2021Web Ex seminar on the Paycheck Protection Program
To our good friends within the Illinois Business Community; The Illinois Department of Commerce and Economic Opportunity will be conducting a Web Ex seminar on the US Small Business Administration's Federal Paycheck Protection Program this Friday, March 5 at 10am. This federal forgivable COVID-19 Relief Loan Program will help Illinois small businesses keep their employees on payroll during this unprecedented time. Please share this invite with anyone or any business you deem appropriate. The program
Tuesday, March 02, 2021COVID-19 Driven Adaptive Reuse Projects Have Been Slow to Materialize
Smith Collection/Gado/Archive Photos/Getty ImagesCRE BUSINESS>DEVELOPMENT COVID-19 Driven Adaptive Reuse Projects Have Been Slow to Materialize Despite a lot of chatter about converting properties due to the pandemic, investors have run into obstacles. Bendix Anderson The crisis caused by the coronavirus hurt properties from regional malls to full-service hotels. But building owners continue to negotiate with lenders. They hope vaccines now being distributed will let Americans return to business
Tuesday, March 02, 2021SBA-Paycheck Protection Program
In case you missed it! Building on a month of strong Paycheck Protection Program results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps that will further promote equitable relief for America’s mom-and-pop businesses. These simple progressive steps by the Biden-Harris Administration further demonstrate the commitment to racial and gender equity, reaching low and moderate-income, rural, urban, and other underserved areas. The SBA has
Tuesday, March 02, 2021Commerce Update-Illinois
Northeast Region Weekly UpdateMarch 1, 2021 As we’ve reached the end of February and spring is around the corner, I hope this message finds you safe and healthy. This week, DCEO welcomed our new director, Sylvia Garcia as we said good-bye to Director Erin Guthrie who stepped down after leading our agency for two years. Director Garcia comes to us as an accomplished government leader with an impressive background in leadership and operations across multiple levels of government. We’re excited to have
Tuesday, March 02, 2021What COVID Broke Appears To Be on the Mend
What COVID Broke Appears To Be on the Mend “The world breaks everyone, and afterward, some are strong at the broken places.”-Ernest HemingwayThe process for writing this column every week generally starts with updating a set of charts tracking high-frequency data on the economy and then discussing what they mean. The narrative direction for the week is born out of your authors’ ongoing Microsoft Teams chat, trading charts back and forth, sending quotes from
Tuesday, March 02, 2021Women's HERstory Month
“Women Breaking Barriers in Illinois” The Illinois Department of Commerce and Economic Opportunity (DCEO) will celebrate "Women’s HERstory Month" throughout March 2021. Led by the Offices of Minority Economic Empowerment (OMEE) and Regional Economic Development (RED), DCEO will celebrate women leaders from across the state, highlighting their enduring contributions to society and emergence as trailblazers during times of crisis. Women’s HERstory Month Events
Tuesday, March 02, 2021Hopp Accounting & Tax March Update
Hopp Accounting & TaxYou are subscribed as cgieske@elginchamber.comMarch 2021 News Update from www.hoppcpa.comMarch 2021 Update - Claiming the Home Office Deduction & How the CAA Affects Education FundingClaiming the Home Office DeductionMany people have found themselves working from home during the COVID-19 pandemic. If you’re one of them, you might wonder, “Can I claim the home office deduction on my 2020 tax return?”The short answer is: Only if you’re self-employed. Employees can no longer claim home
Monday, March 01, 2021Federal Judge Deals a Blow to CDC's Residential Eviction Moratorium
Federal Judge Deals a Blow to CDC's Residential Eviction MoratoriumDecision Could Open Door to Resuming Removal of Nonpaying Tenants Multifamily landlords have been temporarily prevented from evicting tenants who are unable to pay rent because of the coronavirus pandemic by an order from the Centers for Disease Control. (Getty Images) By Cara Smith-Tenta CoStar News A federal judge’s ruling that the Centers for Disease Control and Prevention's national eviction moratorium is unconstitutional could
Monday, March 01, 2021DCEO Paycheck Protection Program (PPP) Webinars
DCEO Paycheck Protection Program (PPP) Webinars Please join the Illinois Department of Commerce and Economic Opportunity's Office of Regional Economic Development for a series of webinars to learn more about the US Small Business Administration's Federal Paycheck Protection Program. This federal forgivable COVID-19 Relief Loan Program will help Illinois small businesses keep their employees on payroll during this unprecedented time. Northeast PPP WebinarPresenter: Joseph
Monday, March 01, 2021March Specials from OM medispa
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Monday, March 01, 2021Middleby's sales dip as restaurants struggle during COVID
ELGIN -- Middleby Corp. reported fourth-quarter sales and earnings results Monday. Net earnings for the quarter were $51.8 million, or $0.94 diluted earnings per share on net sales of $729.3 million. Net sales decreased 7.4% in the fourth quarter over the same quarter in 2019. Excluding the impacts of acquisitions and foreign exchange rates, sales decreased 9.3% in the fourth quarter over the comparative prior year period, reflecting the impact of COVID-19, the company said. Adjusted net earnings were $89
Monday, March 01, 2021News from Eiger Lab at NIU
March 1, 2021 NIU EIGERlab serves the region with leading edge business and engineering support services targeting physical and digital product-based initiatives. Whether you're a new or existing entrepreneur, inventor, start-up or an existing company interested in innovation, NIU EIGERlab is a regional resource for commercialization and
Friday, February 26, 2021Illinois Trade Events and Opportunities
Illinois Trade Events and Opportunities Below is a list of upcoming international trade events, which our office is organizing or co-sponsoring/supporting. We hope that you will be able to join us for at least one of them. Connect with us on social media @USCommercialSvc for our latest updates and resources. If you have any questions or would like to share helpful resources, please connect with us. We look forward to working with you soon! Featured EventAre
Friday, February 26, 2021Best Buy Reveals Plans To Pare Down Stores, Cut Staff
Best Buy Reveals Plans To Pare Down Stores, Cut StaffElectronics Retailer's Headcount Fell 17% Over Last Fiscal Year Best Buy intends to further streamline its stores, closing some, making others smaller and converting others into warehouse space. (Best Buy) By Clare Kennedy CoStar News Best Buy, one of the rare retailers to flourish during the coronavirus pandemic, said it plans to accelerate its efforts to right-size its real estate and employee base to adapt to the rise of online shopping, which
Thursday, February 25, 2021Opportunities Abound for Growing Office Users Amid Pandemic’s Disruption
Opportunities Abound for Growing Office Users Amid Pandemic’s DisruptionIt’s Time for Big Office Users To Consider Buying and Then Selling Their Next Location Volvo North America purchased two office buildings at 933 MacArthur Blvd. in Mahwah, New Jersey, last summer. (Joseph DiBlasi/CoStar) By Adrian Ponsen CoStar Analytics Across the mid-Atlantic, available office space is piling up at the fastest pace in two decades. Unlike America's previous two economic downturns, the coronavirus-induced
Thursday, February 25, 2021Resilient Grocery-Anchored Retail Offers Continued Stability for Investors
Resilient Grocery-Anchored Retail Offers Continued Stability for InvestorsNecessity-Based Neighborhood Centers Provide a Buffer Against Pandemic, E-Commerce One retail sector that has consistently outperformed throughout the pandemic and ongoing recovery is necessity-based retail, with grocery stores being a shining example. (Getty Images) By Alexander Levy CoStar Advisory Services The surprising retail sales report for January revealed that retail sales for the first month of the year increased by
Wednesday, February 24, 2021Top Retail Leases Recognized
Top Retail Leases Recognized for ChicagoCheck Out CoStar's Quarterly List of Market-Leading Deals and Dealmakers By CoStar Research Prominent retail leases signed by At Home, Famous City Homestore and Burlington negotiated by top dealmakers from Brixmor Property Group and CBRE are among the fourth quarter retail leases recognized by CoStar. As big ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar will recognize the largest
Wednesday, February 24, 2021Real Estate Articles of Interest
Sladic/iStock/Getty ImagesREAL ESTATE>CRE WIRE 12 Must Reads for the CRE Industry Today (Feb. 24, 2021) COVID-19 cases in nursing homes and assisted living facilities have drastically declined since the U.S. vaccination campaign got underway, reports Axios. Marriott International has named a new CEO, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry. WMRE Staff As Buildings’ Life Span Shrink, Developers Try to Adjust “A century ago,
Wednesday, February 24, 2021Elgin Symphony Orchestra Announces Summer Festival Concerts
Tickets on Sale Friday, Feb. 26, for Elgin Symphony Orchestra’s Summer Festival Tickets for Elgin Symphony Orchestra’s (ESO) new summer festival “Fridays on the Farm”, featuring Music Director Andrew Grams, go on sale Friday, Feb. 26, 2021 at 10 a.m. The summer outdoor series will be held at The Venue at Goebbert’s in Pingree Grove. Tickets will be available at www.elginsymphony.org, as well as by phone from 10 a.m. – 4 p.m., Monday through Friday, at 847-888-4000. “Fridays on the Farm” performances
Tuesday, February 23, 2021Why a Hot Housing Market Is Likely To Stay Hot
Why a Hot Housing Market Is Likely To Stay Hot Old houses were scaffolding onceand workmen whistling.-T. E. Hulme, an “image” of his that never became a full poemFaithful readers know that the authors love a good chartbook. Heck, CoStar Economy has essentially become a weekly chartbook. So let’s make a new one, this time about the single-family housing market.Data was released last week for a variety of residential housing indicators: housing starts and building permits, as well as sales of existing homes,
Tuesday, February 23, 2021Weekly Illinois Department of Commerce Update
Northeast Region Weekly UpdateFebruary 22, 2021 I hope this message finds you safe, healthy, and warm! If the weather forecast is to be believed, we may warm up next week. But even while we are still bundled up, we are continuing with our events for National Black History Month (BHM) to recognize the important contributions of Black businesses to Illinois’ economy, as well as to promote efforts to support continued growth in the years ahead. I’ve noted the events below. Also, don’t forget about
Tuesday, February 23, 2021PPP Focusing on Small Business Assistance for ''Mom-and-Pop'' Businesses
WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation:For businesses with fewer than ten employees, the share of
Tuesday, February 23, 2021Lavelle Law Banking and Business: Should a Business Owner Rollover Equity in a Sale?
Should a Business Owner Rollover Equity in a Sale? February 2021 Introduction Private equity firms and other financial buyers have become prominent in the M&A market. Such buyers typically look to hold target companies in their portfolio for a number of years before turning around and selling them for a profit. To that end, financial buyers covet a strong management team, and often desire, for those selling owners who manage the business and thus who are critical to its future success, to roll over a
Tuesday, February 23, 2021World Wide Network Solutions Newsletter
About World Wide Network Solutions, Inc. World Wide Network Solutions, Inc. specializes in wide range of services, including tailored IT services and solutions for small and medium businesses and their owners. We are committed to providing each and every one of our clients with high quality service and support. Our unique IT team is incredibly friendly and can help you every step of the way in growing your business. Latest News Some MacBook Pros May Have Battery Charging
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Tuesday, February 23, 2021Girl Scouts to Launch Virtual, Pop-Up, Grubhub & In-Person Cookie Booths in 2021!
From February 26 through March 21, Girl Scouts of Northern Illinois (GSNI) will support the world’s strongest and youngest female entrepreneurs as they host Girl Scout Cookie booths in innovative ways during a worldwide pandemic. Girls, their families, and their troops can choose from a variety of cookie booth options to connect with cookie customers. For those who prefer contactless cookie sales and delivery, girls and troops can market virtual cookie booths where customers order cookies directly through
Tuesday, February 23, 2021Middleby Opens Kitchen Innovation Hub Near Dallas
ELGIN -- Middleby Corp. Tuesday announced the grand opening of the Middleby Innovation Kitchens located in the Dallas area. The expansive, 40,000-square-foot, fully functional facility features more than 150 live pieces of equipment showcasing the latest cooking, beverage, automation and internet-based innovations from Middleby. Visitors to the MIK can participate in demonstrations on the most advanced commercial kitchen solutions available in the market today. Guests will experience cooking innovations
Monday, February 22, 2021What's Likely to Drive Real Estate in 2021?
What’s Likely To Drive Real Estate in 2021? Here’s What Industry Mavens Think.Emerging Trends Report Shows Reordering of Concerns By Rohit Diwadkar CoStar News Each year, accounting and consulting giant PwC teams with the Urban Land Institute to query hundreds of real estate specialists for their thoughts on the issues likely to drive the industry in the coming year. This year's "Emerging Trends in Real Estate" survey shows some sharp shifts in views, perhaps no surprise following a year when a global
Monday, February 22, 2021Congress Proposes Restaurant Relief
The House Small Business Committee has folded into the Biden coronavirus relief proposal a rescue plan that would give ailing restaurants and other food and drinking establishments $25 billion in grants and provide additional relief to shuttered live venues and much more. The program would be administered by the Small Business Administration. $5 billion of this amount is set aside for businesses with less than $500,000 in 2019 annual revenue.Grants are available for up to $10 million per entity, with a
Friday, February 19, 2021CBD Office Values Show Little Sign of Distress
Prostock-Studio/iStock/Getty ImagesPROPERTY TYPES>OFFICE CBD Office Values Show Little Sign of Distress Neither rents nor cap rates have fallen by much for office buildings in major gateway markets. Patricia Kirk Some firms are expected to increase the amount of office space they hold post-pandemic, according to Nancy Muscatello, managing consultant at data firm CoStar Advisory Services, who adds that the biggest disruption in space utilization will likely occur in crowded urban gateway markets,
Friday, February 19, 2021Gov. Pritzker Announces Appointment of Sylvia I. Garcia as Director of the Illinois Department of Co
Gov. Pritzker Announces Appointment of Sylvia I. Garcia as Director of the Illinois Department of Commerce and Economic OpportunityErin Guthrie Announces Departure from DCEO Director Role Following Two Years of Service Building on a strong team of diverse experts in their fields, Governor JB Pritzker named Sylvia I. Garcia to serve as Director of the Illinois Department of Commerce and Economic Opportunity (DCEO), pending confirmation by the Illinois Senate. Garcia replaces Erin Guthrie, who is stepping
Thursday, February 18, 2021In Creating Chief Growth Officer Role, Target Steps Up Effort to Tie Property to Online Sales
In Creating Chief Growth Officer Role, Target Steps Up Effort to Tie Property to Online SalesRetailer Plans to Resume Efforts to Expand Store Count in 2021 Retail giant Target said 75% of its third-quarter digital sales were fulfilled by its brick-and-mortar stores. (Target Corp.) By Clare Kennedy CoStar News For signs of the future of retail property, look at the new office of Christina Hennington. She has been named the first chief growth officer of retailer Target Corp., which created the new
Thursday, February 18, 2021Signs of Economic Acceleration, US Hotels Get Valentine's Day Boost, Wingstop Earnings Fly High
Signs of Economic Acceleration, US Hotels Get Valentine's Day Boost, Wingstop Earnings Fly HighWhat You Need to Know to Start Your Day Adding delivery helped Wingstop restaurants such as this one in Chandler, Arizona, drive revenue gains last year. (CoStar) By Richard Lawson CoStar News Signs of Economic Acceleration Retail sales grew in January to reverse three months of declines and produce the best month since June. The Commerce Department reported Wednesday that sales increased 5.3% from
Wednesday, February 17, 2021Mall Operators Face Trouble Ahead As Tenant Exodus, Pandemic Fallout Push Off Recovery
Mall Operators Face Trouble Ahead As Tenant Exodus, Pandemic Fallout Push Off RecoveryUnibail-Rodamco-Westfield Weighs Complete Exit From U.S. Properties By 2022 Unibail-Rodamco-Westfield said it is evaluating whether to sell most of its prominent U.S. shopping mall assets as demand falls across the industry. (Getty Images) By Katie Burke CoStar News Vacancy rates at U.S. malls are surging faster than any other retail property, a reflection of a pandemic that's forcing stores to close and one
Wednesday, February 17, 2021Illinois Industrial Sector Scores Big Win With Sale of Michelin Tire Distribution Site
Illinois Industrial Sector Scores Big Win With Sale of Michelin Tire Distribution SiteSilver Creek Development’s $130 Million Purchase Price Represents Strength of Joliet Market The Michelin super-regional center, one of two in the United States, sits across 91 acres in Wilmington, Illinois, about 60 miles southwest of Chicago. (JLL) By Jennifer Waters CoStar News The white-hot industrial sector in Illinois got another strong vote of confidence when a Phoenix development firm forked over $130
Tuesday, February 16, 2021Illinois Set to Enact New Law Limiting Criminal Convictions in Employment Decisions
Illinois has long limited employers from considering the criminal history of an applicant or employee in making employment decisions. The Illinois Human Rights Act prohibits employers from considering an employee’s arrest history, for example. In recent years, Illinois’ “Ban the Box” law disallows employers from asking about criminal convictions prior to a job offer or before a candidate is selected for an interview and, therefore, assumed to be otherwise qualified for the position in question. Now,
Tuesday, February 16, 2021Tesla, Walmart Work Government Connections for Vaccine Plans
Joe Raedle/Getty Images PROPERTY TYPES>RETAIL Tesla, Walmart Work Government Connections for Vaccine Plans Target Corp., Kroger Co., and Starbucks all are dangling financial perks to entice workers to get vaccinated. Bloomberg For Tesla Inc., the goal was to get a message from a board member to California’s state epidemiologist, via Elon Musk’s chief of staff. In Walmart Inc.’s home state of Arkansas, an executive sought to avoid having to traipse workers across town to get vaccinated at
Tuesday, February 16, 2021More Americans Plan To Buy a House in 2021
More Americans Plan To Buy a House in 2021Pandemic Helps Drives Demand Higher Between the fourth quarters of 2019 and 2020, American millennials planning to buy a house increased to 27%. The percent of prospective buyers increased 6 points to 18% among Generation X generation, 3 points to 16% among Generation Z and was flat at 5% among baby boomers. By Rohit Diwadkar CoStar News The National Association of House Builder's fourth-quarter "Housing Trend Report" shows 15% of Americans are planning to
Tuesday, February 16, 2021There Are Many Things To Worry About. Inflation Isn't One of Them.
There Are Many Things to Worry About. Inflation Isn't One of Them. “The whole thing is quite hopeless, so it’s no good worrying about tomorrow. It probably won’t come.”-JRR Tolkien, author of "Return of The King"Worrying about the coming wave of high inflation is all the rage these days. Last week, the Federal Reserve's former vice chairman of the Federal Open Market Committee, Bill Dudley, put out a column titled " Four More Reasons To Worry About U.S. Inflation." This was an update to his column of
Tuesday, February 16, 2021Businesses Can Now Recycle Electronics at Kane County Recycling Centers
BUSINESSES CAN NOW RECYCLE ELECTRONICS AT KANE COUNTY RECYCLING CENTERSkanecountyconnects / February 14, 2021 / Comments Offon Businesses Can Now Recycle Electronics at Kane County Recycling Centers / Business, Communities, Consumers, Education, Environment, Events, Government, Local Economy, Nonprofits, Public Safety, Public Service, Quality of Life, Sustainability, Volunteers Businesses, organizations and units of local government can now utilize the Kane County Recycling Centers to recycle your
Monday, February 15, 2021Interesting Real Estate Articles for Monday
JHVEPhoto/ShutterstockREAL ESTATE>CRE WIRE Nine Must Reads for the CRE Industry Freddie Mac has hired two executives to help address equity in housing on both the single-family and multifamily fronts, reports National Mortgage Professional Magazine. The Wall Street Journal chronicles how cycles of opening, closing and limited operations as COVID-19 has ebbed and flowed have massively disrupted the restaurant business. These are among today’s must reads from around the commercial real estate
Monday, February 15, 2021Experian Joins List of Companies Abandoning Campus Space in Suburban Chicago
Experian Joins List of Companies Abandoning Campus Space in Suburban ChicagoSublease Listing Deals New Blow to Battered Schaumburg Submarket Experian is putting the entire building at 955 American Lane in Schaumburg, Illinois, on the sublease market. (CoStar) By Jennifer Waters CoStar News In another blow to any already battered submarket, credit reporting agency Experian is putting its entire suburban Chicago office space on the sublease market. The agency is giving up nearly 180,000 square feet
Friday, February 12, 2021Propped-Up Property Prices? Latest Coronavirus Relief Package Could Keep Trend Going.
Propped-Up Property Prices? Latest Coronavirus Relief Package Could Keep Trend Going.Experts Warn Government Stimulus Could Be Artificially Inflating Values President Biden, center, Vice President Kamala Harris, left, and Treasury Secretary Janet Yellen met with business leaders at the White House this week. (Pete Marovich/The New York Times/Bloomberg via Getty Images) By Mark Heschmeyer CoStar News The Biden administration’s push for a $1.9 trillion pandemic relief package could provide a new
Friday, February 12, 2021US Commercial Service Illinois Trade Events
Illinois Trade Events and Opportunities Below is a list of upcoming international trade events, which our office is organizing or co-sponsoring/supporting. We hope that you will be able to join us for at least one of them. Connect with us on social media @USCommercialSvc for our latest updates and resources. If you have any questions or would like to share helpful resources, please connect with us. We look forward to working with you soon! IMA features CS
Friday, February 12, 2021Illinois Capital Development Board Expands Program to Increase Number of Underrepresented Businesses with State Contracts
Partnering for Progress Program to Offer Additional Virtual Sessions for Businesses Owned by Women, Veterans, People with Disabilities and Minorities CHICAGO – Illinois Capital Development Board (CDB) is pleased to announce a series of Partnering for Progress virtual outreach sessions to familiarize contractors, subcontractors, architects, engineers, and suppliers with bidding opportunities with the State of Illinois. CDB will collaborate with other entities in convening educational forums and providing
Friday, February 12, 2021The State of Illinois Announces New Methodology to Increase Diversity in Contracting
The State of Illinois Announces New Methodology to Increase Diversity in Contracting The Illinois Department of Central Management Services (CMS) Business Enterprise Program (BEP) today announced the roll out of its new formula to increase representation of diverse contractors throughout the state. The new methodology is the first change to the formula since its inception and will help ensure that diversity goals are attainable. ”CMS is committed to increasing access to opportunities for diverse
Thursday, February 11, 2021Illinois Department of Commerce Events & News
Illinois Office of Trade & Investment (OTI) Dear Illinois Exporters, The Office of Trade & Investment (OTI) continues to offer Illinois businesses virtual services to support export promotion and international sales growth. OTI’s team of Chicago-based international trade specialists and our six foreign trade offices in: Belgium, Canada, China, Israel, Japan, and Mexico are ready to support
Thursday, February 11, 2021That little something spec(ial): Chicago’s speculative warehouses seeing new demand
That little something spec(ial): Chicago’s speculative warehouses seeing new demandMATT BAKER FEBRUARY 9, 2021Share on FacebookShare on TwitterShare on LinkedInShare via email It’s well-trod ground but worth repeating: the pandemic led to an uptick in online shopping, which in turn led to demand for large, Class A warehouses. The Chicago market has a strong supply of speculative spaces that fit that very need. The question is, do spec leasing and development activity track with this new demand? “We’ve
Thursday, February 11, 2021Chicago Releases Roadmap for Easing of COVID-19 Protection
February 10, 2021 Dear Chicagoan, Today, the City of Chicago announced a roadmap for the continued easing of COVID-19 regulations, particularly as they relate to indoor dining. Chicago is making significant progress, and this framework provides clear guidance for a safe and responsible easing of mitigations as COVID-19 metrics continue to improve. Under this plan, indoor capacity at bars, restaurants and events can increase
Thursday, February 11, 2021U-46 Celebrates Black History Month
U-46 Celebrates Black History Month Feb. 25 keynote speech to focus on resilience ELGIN - As part of School District U-46 events celebrating Black History Month, an educator and community leader will challenge and inspire U-46 families toward excellence during a virtual event that will also honor more than 100 students. Teachers and school leaders across the District are also creating special activities and events while acknowledging that we cannot limit Black history lessons and celebrations to the
Thursday, February 11, 2021Elgin Fideliter Club presents donation in honor of Szpekowski
The Fideliter Club of Elgin, one of the area’s longest established charities founded in 1882, recently presented a monetary donation of $15,000 to Food for Greater Elgin. The donation was given to assist the Milk2MyPlate program. It was presented with added recognition to the club’s emeritus member Pat Szpekowski, APR, president of PR Strategies & Communications, Inc./PmS advertising, inc. in Elgin. A long-time supporter of the club and member since 2002, she served as Fideliter Club president in 2010,
Wednesday, February 10, 2021Uber Adds More Double-Digit Sublease Space to Chicago’s Office Market
Uber Adds More Double-Digit Sublease Space to Chicago’s Office MarketRide-Hailing Firm Follows Other Big Tenants in Rethinking Needs During Pandemic In 2019, Uber was hailed as the lead anchor to the Old Post Office in downtown Chicago. In 2021, it put 30% of the 463,000 square feet it was taking there on the sublease market. (CoStar) By Jennifer Waters CoStar News Uber Technologies is putting another big chunk of office space on the Chicago sublease market, adding to a glut that has expanded since
Wednesday, February 10, 2021Biden Presidency Starts With a Giant Bet on Run-It-Hot Economics
Pool/Getty ImagesINVESTMENT>FIXED INCOME Biden Presidency Starts With a Giant Bet on Run-It-Hot Economics Administration officials dismissed the idea that their $1.9 trillion aid plan could push the economy past some notional speed limit, and explain that what they’re trying to provide is more relief than stimulus. Ben Holland, Matthew Boesler and Katia Dmitrieva (Bloomberg) -- Joe Biden’s administration has dedicated its first few weeks in office to spending more money on pandemic relief --
Wednesday, February 10, 2021Conor Completes Two Leases
Two Leases Completed at Northwest Pointe III Feb 9, 2021 Conor Commercial Real Estate is pleased to announce that Northwest Pointe III’s Building Two, located adjacent to I-90 and Randall Road, is fully leased. An undisclosed plastics company leased 137,522 square feet on the building’s east side, and Continental Packaging leased the remaining 48,360 square feet on the west side. Both companies will use the building as warehouse and office space. The 163,000-square-foot Building One is still
Wednesday, February 10, 2021Aldi to Open 100 New Grocery Stores in 2021
Aldi to Open 100 New Grocery Stores in 2021 Coast-to-CoastFebruary 10, 2021Published in Company news, Florida, NewsPermalink The grocer plans to grow its footprint in select markets in Arizona, California, Florida and the Northeast U.S. Batavia, Ill. — Aldi, a discount grocer based in Essen, Germany, is continuing its nationwide expansion with 100 new stores to open this year. The grocer plans to grow its footprint in select markets in Arizona, California, Florida and the Northeast U.S. Aldi also plans
Wednesday, February 10, 2021Gov. Pritzker Announces Expansion of Phase 1B Eligibility on February 25th
Gov. Pritzker Announces Expansion of Phase 1B Eligibility on February 25th Phase 1B Eligibility Will Expand to Individuals With Comorbidities and Underlying Conditions; Will Prioritize Those with Disabilities QUINCY — In light of a steadily increasing federal vaccine supply, Illinois is making plans to expand Phase 1B eligibility on February 25 to people who have comorbidities and underlying conditions as defined by the CDC. In addition, Illinois will also prioritize individuals with disabilities. Since
Tuesday, February 09, 2021New Retail Showroom Concept Links Online Shopping With Compact Brick-and-Mortar Space
New Retail Showroom Concept Links Online Shopping With Compact Brick-and-Mortar SpaceBrik + Clik Gives Shoppers Up-Close Look at Brands Sold Online Brik + Clik store interiors display products in life-sized dioramas with “air to breathe” to offer shoppers a taste of how they might work at home. (Brik + Clik) By Jennifer Waters CoStar News At a high-end shopping center in California, a new storefront lets shoppers walk among the displays, scan each item they want to buy on their phones, and have the
Tuesday, February 09, 2021More Than 5% of Americans Didn’t Pay Rent, Mortgage in December
VALERIE MACON/AFP/Getty ImagesPROPERTY TYPES>MULTIFAMILY More Than 5% of Americans Didn’t Pay Rent, Mortgage in December About 5 million Americans didn’t make their rent or mortgage payment in December, according to an MBA survey. Bloomberg About 5 million Americans didn’t make their rent or mortgage payments in December, according to a survey released Monday by the Mortgage Bankers Association’s Research Institute for Housing America. That translates into more than 5% of total U.S. renters and
Tuesday, February 09, 2021February Newsletter of Worldwide Network Solutions
Web Version | Unsubscribe | Forward About World Wide Network Solutions, Inc. World Wide Network Solutions, Inc. specializes in wide range of services, including tailored IT services and solutions for small and medium businesses and their owners. We are committed to providing each and every one of our clients with high quality service and support. Our unique IT team is incredibly friendly and can help you every step of the way in growing your business. Latest
Monday, February 08, 2021Biden Economic Recovery Plan Moves Forward, Bankruptcies Decline in January, Air Travel's Worst Year
Biden Economic Recovery Plan Moves Forward, Bankruptcies Decline in January, Air Travel's Worst YearWhat You Need to Know to Start Your Day President Biden, with Vice President Kamala Harris in the background, as he pushed a $1.9 trillion coronavirus aid package (White House) By Richard Lawson CoStar News Biden Economic Recovery Plan Moves Forward Job recovery turned positive in January, with the Labor Department reporting Friday that payrolls grew by 49,000, reversing the 140,000 drop in December.
Monday, February 08, 2021Six Interesting Articles for Today
Flashpop/Stone/Getty ImagesREAL ESTATE>CRE WIRE Six Must Reads for the CRE Industry Today There are more signs that even after the pandemic that corporations will be opting for a blended work model. A survey from Fortune found that only four percent of CEOs are looking to add office space. Meanwhile, LVMH is moving to bring Tiffany staff back to its office for a minimum of two days per week starting in March, according to the Wall Street Journal. These are among today’s must reads from around the
Monday, February 08, 2021Illinois Department of Commerce Weekly Update
Northeast Region Weekly Update I hope this message finds you safe and healthy! The State of Illinois has announced a series of events and resources planned throughout February’s observance of National Black History Month (BHM) to recognize the important contributions of Black businesses to Illinois’ economy, as well as to promote efforts to support continued growth in the years ahead. Hosted by the Illinois Department of Commerce & Economic Opportunity’s (DCEO) Office of Minority Economic Empowerment
Friday, February 05, 2021‘We Are Not Closing Stores,’ Kohl’s CEO Says
‘We Are Not Closing Stores,’ Kohl’s CEO SaysRetailer Says It’s on Track To Place Sephora Beauty Counters in 200 Off-Mall Stores This Year Kohl’s gives customers multiple purchasing options, including curbside pickup. (Kohl’s) By Jennifer Waters CoStar News As retailers across the country shut stores and seek bankruptcy protection in the pandemic, Kohl’s is buttressing its commitment to brick-and-mortar as the driver of future sales success. The Menominee, Wisconsin-based department-store chain
Friday, February 05, 2021Stay Informed, Stay Healthy, Stay Connected, Illinois Department of Commerce
The State of Illinois has announced a series of events and resources planned throughout February’s observance of National Black History Month (BHM) to recognize the important contributions of Black businesses to Illinois’ economy, as well as to promote efforts to support continued growth in the years ahead. Hosted by the Illinois Department of Commerce & Economic Opportunity’s (DCEO) Office of Minority Economic
Friday, February 05, 2021Illinois Supply Chain Management Training Program
State of Illinois and ASCM Launch First-of-its-Kind Training Program to Prepare Residents for Jobs Fuled by Growing E-Commerce Industry The Illinois Department of Commerce and Economic Opportunity (DCEO) today announced a new training program designed to prepare more residents for roles in Illinois' growing supply chain management industry. In partnership with the Association for Supply Chain Management (ASCM), the Illinois Supply Chain Management Training Program seeks to match residents who have become
Wednesday, January 20, 2021DOL Clarifies that Not All Travel Time is Compensable in the Era of Telework
By Carlos Arévalo – SmithAmundsen – www.salawus.com On the last day of 2020, the US Department of Labor (DOL) issued an opinion letter impacting employers using telework arrangements in light of the COVID-19 pandemic. While a vaccine is now rolling out and we will hopefully get the pandemic under control in 2021, this opinion letter provides guidance to employers that have had to institute remote and hybrid work policies and/or arrangements with their workforce. Specifically, the opinion letter
Monday, January 18, 2021Telemedicine Appointments Can Be Used To Establish Serious Health Conditions Under the FMLA
Recent guidance from the U.S. Department of Labor (DOL) reiterates that the DOL will allow telemedicine visits—generally speaking, health care appointments held via video conference—to qualify as in-person visits to a health care provider under certain circumstances. As our readers know, the FMLA provides certain employees up to 12 workweeks of leave for, among other things, a “serious health condition.” An employee can show the existence of a serious health condition by several methods that include
Wednesday, May 06, 2020CHASE is Hiring!
Employment Opportunities at Chase Elgin Credit Card Service Center 2500 Westfield Dr. Elgin, IL 60124 Are you ready to start a career at Chase? Submit your application on our website today!www.chase.com/careers200028578 -Specialist I - Collections - Elgin, IL We now have full-time opportunities in the Collection’s Group. Our Collections group creates and delivers the right solutions to our customers to resolve account delinquency, directly impacting the risk of loss to the Bank. We are looking for
Friday, February 28, 2020EAC's Business Review Newsletter for March 2020
EAC's Business Review Newsletter for February 2020
