News

Upended by the Pandemic, Consumer Spending Patterns Point to a Slower Recovery

Upended by the Pandemic, Consumer Spending Patterns Point to a Slower RecoveryStrengthening Economy Hampered by Fading Lockdown-Related Purchases and Households Facing Continued Income Insecurity Lockdowns experienced earlier in the pandemic drove households to make furniture, exercise and sports equipment purchases, providing a healthy boost to durable goods spending. (Getty Images) By Juan Arias and Robin Trantham CoStar Advisory Services  Recent retail sales readings offer an encouraging sign

Retailers, Mall Landlords Prepare for Holiday Shopping Season Like No Other

Bill Pugliano/Stringer/Getty ImagesRETAIL  Retailers, Mall Landlords Prepare for Holiday Shopping Season Like No Other   The pandemic has pushed the start of the holiday sales season earlier than ever. Liz Wolf   Thanksgiving Day sales are pretty much cancelled, and the typically chaotic Black Friday shopping will look very different, leading retail experts to anticipate modest increases in holiday retail sales.Due to the COVID-19 pandemic and economic anxiety, will it be “bah humbug” when it comes

Local Restaurants and Bars with Take Out and Outdoor Dining

Local Restaurants and Bars with Take Out and Outdoor Dining  October 23, 2020 – The Kane County Health Department (KCHD) reminds residents that bars and restaurants are open for take-out, drive-through, delivery and outdoor dining, with restrictions. KCHD urges the public to show support for these businesses affected by the State COVID-19 resurgence mitigation rules. “We understand the challenges the mitigation rules are putting on our food and beverage sector,” said KCHD executive director Barbara

Elgin Encourages Businesses and Organizations to Update Offerings in Citywide Mapping Resource Hub

Local Businesses Encouraged to Update Elgin Mapping Resource Hub Listings to Reflect Change in Offerings Due to State Mitigation MeasuresElgin, IL - As part of the continued response to the coronavirus and its impacts to the community and economy, the City of Elgin released an interactive mapping hub in May that supports local businesses and organizations, while providing consistent information for its residents. The City is now encouraging businesses and organizations to update their listings, or be

Kane County Health Releases Updated COVID-19 Business Toolkit

The Illinois Department of Public Health (IDPH) has issued resurgence mitigation measures beginning today for Illinois Region 8 which includes Kane and DuPage Counties. KaneHealth.com and at https://dceocovid19resources.com/assets/Restore-Illinois/COVID-19-Resurgence-Migitations.pdf Tier 1 restrictions are imposed on restaurants, bars and social gatherings. Indoor bar and restaurant service is prohibited. Social gatherings (including weddings and funerals) are limited to the lesser of 25 guests or 25% of

Elgin History Museum Virtual Gala and Silent Auction

The Elgin History Museum hosts a new, all virtual version of its annual fund-raising gala and silent auction on Saturday, November 7, 2020 beginning at 7PM. The auction will feature a spectacular array of items ranging from exciting get-aways to Door County and Lake Geneva to artwork, gourmet chocolate, gift certificates, and themed baskets - a total of more than 25 items in all. The silent auction will be available on-line starting Wednesday, November 4 at 8:00AM and concludes at 7:30PM the evening of the

51 Illinois Counties at Warning Level for Coronavirus Disease

The Illinois Department of Public Health (IDPH) today reported 51 counties in Illinois are considered to be at a warning level for novel coronavirus disease (COVID-19).  A county enters a warning level when two or more COVID-19 risk indicators that measure the amount of COVID-19 increase. Fifty-one counties are currently reported at a warning level – Adams, Bond, Boone, Carroll, Cass, Christian, Clay, Clinton, Crawford, DeKalb, Douglas, Edwards, Fayette, Ford, Franklin, Gallatin, Greene, Hamilton,

Public Health Officials Announce 3,874 New Confirmed Cases of Coronavirus Disease

More than 82,000 COVID-19 tests reported in past 24 hours in Illinois The Illinois Department of Public Health (IDPH) today reported 3,874 new confirmed cases of coronavirus disease (COVID-19) in Illinois, including 31 additional deaths. - Adams County: 1 female 70s - Christian County: 1 male 40s, 1 female 80s - Clark County: 1 female 80s - Clinton County: 1 male 90s - Cook County: 1 male 30s, 1 female 90s - DeWitt County: 1 female 70s - Jefferson County: 1 male 60s - Kane County: 1 female

Pritzker Administration Moves to Increase Earned Income Credit Participation

New Initiative Targets Over 22,000 Illinoisans who Automatically Qualify for EIC Funds; Eligible Taxpayers Will Receive Letter With Instructions This week, the Pritzker administration and the Illinois Department of Revenue (IDOR) commenced a new outreach initiative to increase Earned Income Credit (EIC) participation by targeting taxpayers who qualified but failed to claim the credit. The EIC, along with the federal Earned Income Tax Credit (EITC), are tools designed to put thousands of dollars back in

STATE WILL ROLL OUT VACCINE DISTRIBUTION PLAN WITH LOCAL HEALTH DEPARTMENTS

State officials announced today (Wednesday, Oct. 21, 2020) that Illinois health officials will work with local health departments to development a framework for rolling out a COVID-19 vaccine once it becomes available. Gov. JB Pritzker made the announcement in a 2:30 p.m. news conference. “Our framework is designed to provide an equitable distribution across the state, with priority access going to our most vulnerable populations — including frontline healthcare workers, first responders who treat COVID

Is your business open? Register on City's Online Directory

 Local Businesses Encouraged to Update Elgin Mapping Resource Hub Listings to Reflect Change in Offerings Due to State Mitigation Measures              Elgin, IL - As part of the continued response to the coronavirus and its impacts to the community and economy, the City of Elgin released an interactive mapping hub in May that supports local businesses and organizations, while providing consistent information for its residents. The City is now encouraging businesses and organizations to

Fox River Crossing Opens to Senior Living

October Specials for Two Bedroom Apartments! Get one month free and $250 off security deposit! Apply today! Fox River crossing is an affordable independent senior community 62 and over looking over the Fox River and in walking distance from down town Elgin District. Great area with near restaurants , shops and entertainment, across from a great public library. Fitness centers, Community room, management on site. The building has two bedrooms apartment homes with an underground parking and outside parking

Starwood Could Turn Over Control of Its Eighth Mall in Two Months

Starwood Could Turn Over Control of Its Eighth Mall in Two MonthsAffiliated Borrower Is in Talks With Bondholders on 1 Million Square Feet in Joliet, Illinois The Louis Joliet Mall in Joliet, Illinois, has lost two anchor stores and a major big-box retailer over the past two years. (CoStar) By Mark Heschmeyer and Jennifer Waters CoStar News  Starwood Retail Partners is adding another regional mall to the growing list of retail properties turned over to lenders across the industry as it and other

Rents Plummet on Urban Apartments

John Lamparski/Getty ImagesMULTIFAMILYRents Plummet on Urban Apartments   The COVID-19 pandemic has driven renters to seek more space and cheaper rents in the suburbs. Bendix Anderson   Desperate owners have been dropping rents and offering eye-popping concessions and optimizing on-site amenities in attempts to lure tenants. But it’s not nearly been enough to offset the trend of residents relocating to more spacious and less expensive markets as well others, including many young renters, who have

Women's Small Business Month

        To celebrate National Women’s Small Business Month, the Illinois Department of Commerce and Economic Opportunity will be hosting a series of webinars geared toward women owned business owners to learn how to utilize national resources through government and the private /public business sector in order to succeed amidst a pandemic.  For information please contact: Ibie Hart, Woman’s Business Development ManagerIbie.Hart@illinois.gov  To see the full list of virtual panel

Economy Hotels Lose Occupancy Lead, Biggest Auto Dealer’s Sales Soar, Convenience Store REIT Boosts

Economy Hotels Lose Occupancy Lead, Biggest Auto Dealer’s Sales Soar, Convenience Store REIT Boosts SalesWhat You Need to Know to Start Your Day The Great Smoky Mountains lured weekend leisure travelers to western North Carolina and east Tennessee, driving up hotel occupancy. (Patrick Mueller/Flickr) By Richard Lawson CoStar News  Economy Hotels Lose Occupancy Lead U.S. hotels recorded a second straight week of being half full, largely from strong weekend leisure travel that is filling pricier

HOLIDAY PARTIES at the HAIGHT

Holiday Party promotion available now through January 2021!

Wedding/Baby Shower Promotion at the Haight

Wedding/Baby Shower promotion running now through February 2021!

The socially activated destination workplace is making its way to the suburbs

The socially activated destination workplace is making its way to the suburbsSTEPHEN WRIGHT & CARY CHANDLER Share on FacebookShare on TwitterShare on LinkedInShare via email DYNAMIC LIGHTING INSTALLATIONS AND PLEASING FINISHES IN THE LOBBY OF THE SHUMAN IN NAPERVILLE, ILLINOIS CAN HELP EMPLOYEES AND VISITORS FEEL WELCOME AND COMFORTABLE IN THE SPACE. PreviousNext Social distancing may be accelerating interest in the suburban office market now, but ironically, positive social experiences are exactly what

CVS to Hire 15,000 Employees

CVS to Hire 15,000 Employees in Anticipation of Greater COVID-19, Flu Cases Pictured is a CVS/pharmacy in Prescott, Arizona.  Woonsocket, R.I. — CVS (NYSE: CVS) intends to hire 15,000 new employees during the fourth quarter in anticipation of communities seeing greater incidences of COVID-19 and the flu during the upcoming winter months. More than 10,000 of these positions are for full- and part-time licensed pharmacy technicians, some of which will be offered on temporary bases with the possibility of

Chicago Office Subleasing Record Shows How Pandemic Is Slamming Major US Cities

Chicago Office Subleasing Record Shows How Pandemic Is Slamming Major US CitiesCompanies Are Said to Be ‘Very Calculated’ as They Rethink Space Needs, Layouts Sublease space in Chicago’s central business district rose to a record as corporations rethink office needs in the pandemic. (CoStar) By Jennifer Waters and Brandon Svec CoStar News  To see how the pandemic is htting major downtown areas across America, take a look at Chicago. Companies in the third-biggest U.S. city are ditching office space

Governor Pritzker Announces $50 Million 2nd Round of Capital Funding to Advance Statewide Broadband Expansion

    Governor Pritzker Announces $50 Million2nd Round of Capital Funding to Advance Statewide Broadband Expansion        This week Governor JB Pritzker announced that the state is releasing $50 million in funding for the second round of matching grants of Connect Illinois, the state’s $420 million statewide broadband expansion plan. Through a Notice of Funding Opportunity (NOFO) released by the Office of Broadband, the state of Illinois will support expanded connections in new communities across

Kane County Health Department Responds to State COVID-19 Mitigation Rules

The Illinois Department of Public Health (IDPH) has issued resurgence mitigation measures beginning Friday, October 23 for Illinois Region 8 which includes Kane and DuPage Counties. Tier 1 restrictions are imposed on restaurants, bars and social gatherings. Indoor bar and restaurant service is prohibited. Social gatherings (including weddings and funerals) are limited to the lesser of 25 guests or 25% of overall room capacity both indoors and outdoors. Additional restrictions are found below on this press

What the Loss of Live Music Venues Means for Commercial Real Estate

What the Loss of Live Music Venues Means for Commercial Real EstateLoss of Revenue for Event Spaces in Pandemic Threaten Development Zilker Park, adjacent to downtown Austin, Texas, usually hosts the Austin City Limits music festival every year, with about 450,000 attendees in October. This year's event was virtual. (Getty Images) By Marissa Luck CoStar News  October weekends at Zilker Park in Austin, Texas, are usually crowded with colorful flags welcoming hundreds of thousands of Austin City

Bauman & Co. Acquires Three Medical Office Buildings in Aurora and Elgin, Illinois

Bauman & Co. Acquires Three Medical Office Buildings in Aurora and Elgin, IllinoisPosted on October 19, 2020 by Kristin Hiller in Acquisitions, Healthcare, Illinois, Midwest Pictured is the Aurora building, which is located on the AMITA Health Mercy Medical Center Aurora campus.   AURORA AND ELGIN, ILL. — Bauman & Co. LLC, an Atlanta-based real estate firm, has acquired three medical office buildings in Aurora and Elgin. Two of the buildings are situated on the AMITA Health Saint Joseph Hospital Elgin

Amid the Pandemic Chaos, Animal Spirits Stir

Amid the Pandemic Chaos, Animal Spirits Stir “Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits — a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.”-John Meynard Keynes, British economist“Chaos is roving through the system and able to undo, at any point, the best

State Public Health Officials Announce COVID-19 Resurgence Mitigations to Take Effect in Regions 7 and 8 on October 23

State Public Health Officials Announce COVID-19 Resurgence Mitigations to Take Effect in Regions 7 and 8 on October 23  All 11 Regions of the Restore Illinois Plan Seeing Increased Positivity Rates; Administration Continues to Work Aggressively to Support Small Businesses   Elgin, Ill. — Governor Pritzker and the Illinois Department of Public Health (IDPH) are announcing COVID-19 resurgence mitigations will be implemented in Region 7 (Will and Kankakee counties) and Region 8 (Kane and DuPage counties),

Hotel Construction Slide Expected for Years, Coronavirus Aid Talks Heat Up, Mixed Economic Indicator

Hotel Construction Slide Expected for Years, Coronavirus Aid Talks Heat Up, Mixed Economic IndicatorsWhat You Need To Start Your Day U.S. hotel construction is expected to slow considerably over the next several years. (Getty Images) By Richard Lawson CoStar News  Hotel Construction Slide Expected for Years Hotel construction in the United States is likely to continue declining over the next several years. Construction has started slowing after hitting the highest level in history in April with

Commercial Real Estate Industry News

Roman Tiraspolsky/ShutterstockNREI WIRE  10 Must Reads for the CRE Industry Today   Blackstone continues to bet on the life sciences sector with BioMed deal, reports the Wall Street Journal. Google to expand its offices in San Francisco, according to the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry. NREI Staff   Blackstone Deal Values BioMed at $14.6 Billion as Pandemic Raises the Stakes “Blackstone Group is extending its big bet on

U-46 African American Advisory Council Hosts Educator Robert Jackson

U-46 African American Advisory Council Hosts  Educator Robert Jackson Jackson to discuss how to talk to your children about racism ELGIN - The U-46 African American Advisory Council will host a two-part series this fall about “Discussing Racism and Racial Injustices in Your Home.” Robert Jackson, an international speaker, award-winning author, and longtime educator will lead the discussion.   The first session will be offered on Tuesday, Oct. 20 and the second on Tuesday, Nov. 17, both from 6 p.m. to

US Bank Expands Office Closing Plan to Cover 25% of Its Branches

US Bank Expands Office Closing Plan to Cover 25% of Its BranchesNation's Fifth Largest Commercial Bank Also Plans to Pare Corporate Footprint Notices on file with federal regulators show U.S. Bank closed 130 consumer bank branches over the week at the end of September and beginning of October. (U.S. Bank) By Clare Kennedy CoStar News  U.S. Bank's initiative to reduce its bank branch offices is expected to go far deeper than initially anticipated, yet another real estate byproduct of the

Impact of COVID-19 on Financial Reporting in the Real Estate Industry

Tony Studio/iStock/Getty ImagesREAL ESTATE SERVICES>PROPERTY MANAGEMENTImpact of COVID-19 on Financial Reporting in the Real Estate Industry   CRE owners need to consider collectability of rent payments and lease concessions in their financial reporting. John McCarthy    As is often the case with large disruptions to the U.S. economy, the real estate industry, including the hospitality industry, has suffered. Retail and office real estate seem to be the most affected sectors of real estate, while

Interesting News Articles for Today

RoschetzkyIstockPhoto/iStock/Getty ImagesNREI WIRE  14 Must Reads for the CRE Industry Today (Oct. 15, 2020)   Rents are rising in suburban apartments across the U.S., reports the Wall Street Journal. Since government stimulus aid expired, many renters are struggling to continue to pay rent, according to the Associated Press. These are among today’s must reads from around the commercial real estate industry. NREI Staff   Renters Flock to Suburbia, Upending Decadelong Urbanization Trend “Apartment

Tunnel of Terror Haunted Car Wash to benefit food agency

Tunnel of Terror Haunted Car Wash to benefit food agency Have you always loved Halloween and haunted houses, but are in fear of COVID germs? A car wash in Elgin has found a real-life, fear-free way to enjoy Halloween hauntings. Visit Brittain’s “Tunnel of Terror” Wednesday to Saturday, Oct. 28-31. From 6 to 10 p.m., Brittain’s Car Wash in Elgin will be taken over by lost souls, goblins, spirits and mass murder types for local Halloween fun. Located at 1572 Larkin Ave., this car wash is ready to get you

Commercial Services-Trade Events & Opportunities

Illinois Trade Events and Opportunities  Commercial Service Illinois continues to provide our clients and partners with counseling and information during these challenging times. Know that we are here for you whether you have questions about the status of an event, need to cancel a service, or are checking on the status of an export market.  To learn more about our virtual services, visit Trade.gov/virtual-services.  Connect with us on social media @USCommercialSvc for our latest updates

Dr. Amrit Anand is now Accepting New Patients at the Orthoillinois

Rheumatology physicians are difficult to find and also for an appointment; Dr. Amrit Anand is now Accepting New Patients at the Orthoillinois Elgin Location at:  Advocate Sherman Professional Building 1435 N. Randall Road , Suite 103 Elgin, Il. 60123   For appointments please call; 815-398-9491 For additional information about Orthoillinois please contact; Paul Strandquist at 815-847-7088 Or email at ; Paul.strandquist@orthoillinois.com

The Slowing Spigot of Government Relief

The Slowing Spigot of Government Relief “How weightlesswords are when nothing will do.”-Philip Levine, former U.S. poet laureateLast week was not a particularly data-heavy one in terms of high-impact information. Initial claims for unemployment remain stubbornly flat, refusing to improve. The government's "Job Opening and Labor Turnover Survey" showed that job openings fell in August for the first time in four months. Not a lot going on.By far the most important thing going on last week is stimulus plan

AMC Theatres Warns Finances Worsen as Pandemic Wears On

AMC Theatres Warns Finances Worsen as Pandemic Wears OnIndustry Struggles with Delayed Movie Releases, Public Reluctance to Return to Cinemas AMC Theatres said it could run out of money this year or by early 2021, in the face of cinema closings and capacity restrictions. (Getty Images) By Lou Hirsh CoStar News  AMC Theatres, the world’s largest movie theater chain, said it could run out of money by year’s end or early 2021, an ominous sign for retail real estate occupied by cinemas hurt by

Illinois Office of Trade & Investment (OTI)

    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 businesses across the state looking to expand in international markets.  Below is the

Express Air Coach to launch new Elgin to O’Hare shuttle service

Express Air Coach to launch new Elgin to O’Hare shuttle service Express Air Coach (EAC) will begin service from Elgin Illinois to O’Hare, beginning October 12th. Reservations will be required ahead of time to ensure availability. Details and booking information can be found on expressaircoach.com Lafayette, Indiana – Express Air Coach (EAC) announced Wednesday that it will begin offering pick-up points in Elgin, Illinois for shuttle service to O’Hare, beginning Monday October 12th. The Lafayette,

How Restaurants Can Serve Dinner Outside During Winter

How Restaurants Can Serve Dinner Outside During WinterChicago Chooses Three Design Contest Winners That Will See Prototypes Built and Tested Children’s blocks were used as the basis for outdoor dining modules picked as a winner of Chicago’s Winter Design Challenge. (Neil Reindel, Flo Mettetal) By Jennifer Waters CoStar News  Dining in your own personal cabin may sound cozy, but will it be charming if sleet is raging when your server opens the door? The idea could get tested soon if a winning

Interesting Commercial Real Estate Articles Today

Sean Gallup/Getty ImagesNREI WIRE10 Must Reads for the CRE Industry Today (Oct. 13, 2020)   Retailers brace for a sluggish holiday sales season, reports the Wall Street Journal. Owner of the sixth-largest cinema chain in the U.S. say it is months away from bankruptcy, reports CNBC. These are among today’s must reads from around the commercial real estate industry. NREI Staff  An October Amazon Prime Day Opens a Remade Holiday Shopping Calendar “Retailers want the holiday buying season to hit full

Call for Volunteers

Trouble viewing? View in your browser.         Call for VolunteersGive Back to Your Community        Dear Carol:  SCORE Fox Valley needs your help! You can see a few of our 100 members looking for you to help us help our community. We are in need of your assistance to bring mentoring, workshops, roundtable discussion groups and resources to our

Food Drive - Martin Luther King Jr. Saturday, October 24

Dr. Martin Luther King, Jr. Food Drive Saturday, October 24 • 10 am - 3 pm   Organizers of the annual Dr. Martin Luther King, Jr. Food Drive are making it easier for local residents to help others in these challenging times caused by COVID. Those donating items won’t have direct contact with food drive organizers—they will simply drive up and pop their trunk and a volunteer will take the donations out of the trunk. Donations will be accepted at the northeast corner of the library parking lot near Ann

Apartment Rent Collection Rate Bounces Back to Pre-Pandemic Level

Apartment Rent Collection Rate Bounces Back to Pre-Pandemic LevelSurvey of 11 Million Professionally Managed Units Shows More Than 79% Paid by Oct. 6 RKW Residential says rent collections at its properties, such as the 350-unit Allure in Charlotte, North Carolina, are holding up, but concessions and waived fees are too. (CoStar) By John Doherty CoStar News  Residents at the country’s biggest apartment properties paid October’s rent at exactly the same rate they did last October, well before the

E-Commerce Tenants Continue to Lease Industrial Space as the Holiday Season Approaches

 Maxiphoto/iStock/Getty ImagesINDUSTRIALE-Commerce Tenants Continue to Lease Industrial Space as the Holiday Season Approaches   The average industrial lease now averages 100,000 sq. ft. and vacancy is close to its all-time low. Patricia Kirk  Anticipating a surge in online shopping during the holidays, e-commerce tenants are already prepared to handle the swell in orders, having locked in additional industrial space during the second and third quarters, according to Steve Schnur, executive vice

Chicago Industrial Demand Nearly Doubles in the Third Quarter

Chicago Industrial Demand Nearly Doubles in the Third QuarterE-commerce and Logistics Tenants Drive Increase in Leasing Activity By Denes Juhasz Market Analysts  The Chicago industrial market continues to benefit from its centralized location as well as its superior rail and highway access. The tremendous growth in e-commerce sales witnessed since the start of the pandemic has driven demand from retailers seeking to shorten last-mile deliveries and get products in the hands of consumers faster and in a

Advisors Struggle to Reopen Offices

halbergman/Getty ImagesOFFICE  Advisors Struggle to Reopen Offices   Going back to work in the physical world is proving to be a challenge to advisory firms that want to do it right. Anne Field  Six weeks went by. Then, just an hour after holding a socially distanced meeting with colleagues, one employee received a call from a friend: They’d attended a party the previous weekend together and the friend had just tested positive for COVID-19. Buoncore’s employee had to quarantine for 14 days and get

SureWerks Apppoints Wiltrout as COO

SureWerx, a manufacturer of safety products, tools and equipment, Wednesday announced the appointment of Christian Wiltrout as global chief operating officer, effective immediately. Wiltrout previously was president of SureWerx USA. “As our company continues to undergo significant transformation, there is no better person to lead all aspects of SureWerx’s commercial activities, into our next stage of business legacy, than Christian Wiltrout,” said Chris Baby, CEO, SureWerx. Co-headquartered in Elgin and

Big Timber Pumpkin Fest Celebrates October with SIX Different Events

Big Timber Pumpkin Fest Celebrates October with SIX Different Events, Beginning This Weekend ELGIN, IL (September 30, 2020) – Make no bones about it, Three Fires Council, Boy Scouts of America has created a surefire way to make October 2020 stand out as one of the best. Throughout the entire month, Camp Big Timber at 37W955 Big Timber Road, Elgin, Illinois, will be transformed into the Big Timber Pumpkin Fest.  Casting a web of memorable events, there’s something for everyone – from children to the young

Salvation Army Corps Issues ''Design-A-Kettle'' Challenge

2020 Elgin Corps “Design-A-Kettle” ChallengeHelp The Salvation Army RESCUE CHRISTMAS while showing your creative skills by participating in the Elgin Corps “Design-A-Kettle” Challenge. You, your company or business registers to decorate one of our iconic metal kettles to compete for bragging rights and the Golden Kettle traveling trophy.  THEME: RESCUE CHRISTMASUse your creativity to show how your kettle will “RESCUE CHRISTMAS” this year(NOTE: The Salvation Army will approve Kettle

SERVPRO Cleaning Specialists in the Hackensack Area Offer Tips for Staying Healthy as COVID-19 and F

SERVPRO Cleaning Specialists in the Elgin Area Offer Tips for Staying Healthy as COVID-19 and Flu Season Converge Elgin, IL (Grassroots Newswire) October 2, 2020 - The COVID-19 pandemic has challenged business owners and homeowners alike to find ways to live and work without exposing themselves or others to this highly contagious virus. Now, the approaching flu season is set to complicate that challenge even further. To help control the threat that the one-two punch of COVID-19 and the seasonal flu

A Large US Apartment Landlord Buys Again, Signaling Returning Confidence

A Large US Apartment Landlord Buys Again, Signaling Returning ConfidenceMorgan Properties Resumes Expansion With Carolinas Deal Valued at $323 Million The biggest apartment complex in a package bought by Morgan Properties is the Enclave at North Point in Winston-Salem, North Carolina. (CoStar) By John Doherty CoStar News  Morgan Properties, an apartment heavyweight that pushed pause on buying in the past year, has jumped back in the game in a big way in a sign that confidence is returning to the

A Variety of Commercial Real Estate Articles

DW labs Incorporated/ShutterstockNREI WIRE  Nine Must Reads for the CRE Industry Today (Oct. 7, 2020)   Hotel owners are turning their properties into offices and schools, among other uses, reports The New York Times. The Wall Street Journal looks at ways the retail sector has changed since the onset of the pandemic. These are among today’s must reads from around the commercial real estate industry. NREI Staff   How Coronavirus Changed the Retail Landscape “The pandemic accelerated a major shift in

Free Cancellations, Free Nights, Room Upgrades and More!

Apple VacationsTo ensure you continue to receive messages from us, please add our address to your safe sender list.  Trouble seeing this email, view here. If you would like to opt out, use this link to be unsubscribe.  Update Your Travel Preferences        Starship Travel | 847-394-1155 | linda@starshiptravel.com Book an Apple Vacations package with AMResorts® family brands and receive a free night, free room upgrade, free stays for kids, $200 in resort coupons & free night certificate for

ROI Introduces VID Lifestyle

       <img width="600" data-cke-saved-src="https://campaign-image.com/zohocampaigns/159617000011890006_zc_v24_1601914469292_post.jpg" src="https://campaign-image.com/zohocampaigns/159617000011890006_zc_v24_1601914469292_post.jpg" align="left" style="height:autopx;border-bottom-width:0px;border-left-width: 0px;border-right-width:0px;border-top-width:0px;text-align:left; width:600px" '="" alt="Luxury Home Design" class="zpImage" size="B">    Introducing VID LifestyleAt VID Lifestyle, our mission is to

Biggest Pizza Hut Franchisee May Leave Pizza Business, Auctioning Off Hundreds of Leases

Biggest Pizza Hut Franchisee May Leave Pizza Business, Auctioning Off Hundreds of LeasesNPC International Seeks to Sell Pizza Hut and Wendy's Divisions in Bankruptcy Court NPC International is selling leases for 163 former Pizza Hut locations, including this property in Williamsburg, Virginia, in addition to trying to sell its entire Pizza Hut division through the bankruptcy court. (CoStar) By Marissa Luck CoStar News  The biggest Pizza Hut franchisee could get out of the pizza business

10 Must Reads for Today

Spencer Platt/Getty ImagesNREI WIRE  10 Must Reads for the CRE Industry Today (Oct. 6, 2020)   The Wall Street Journal looks at the different impacts the pandemic has had across the U.S. economy. Seventeen more retail chains that could go bankrupt, according to the Retail Dive. These are among today’s must reads from around the commercial real estate industry. NREI Staff   The Covid Economy Carves Deep Divide Between Haves and Have-Nots “Comeback since start of pandemic is kind to those who can work

The Hidden Recession

The Hidden Recession Forming After the Lockdowns “When we fight upstream against a rocky undercurrent, every foothold takes on a kind of urgency.”-Arthur Golden, author of "Memoirs of a Geisha"Friday was the last nonfarm payroll report before the election. The Bureau of Labor Statistics reported a gain of 661,000 jobs in September, down from a gain of 1.5 million jobs in August and a peak of 4.8 million jobs gained in June.The pace of recovery is clearly slowing. At the current pace, it will take another 16

WEN Power Tools

Opus Breaks Ground on New Chicago-Area Headquarters for WEN Power ToolsBuild-to-Suit Facility Will More Than Triple WEN's Existing Complex in Elgin WEN's new facility is expected to open in West Dundee in March 2021. (The Opus Group) By Eric Byerley  A nearly 70-year-old designer and distributor of power tools is getting a new headquarters complex outside Chicago. The Opus Group this week broke ground on WEN Power Tools' new build-to-suit facility in the Oakview Corporate Park in West Dundee. WEN, a

12 Takeaways from Day One of the ICSC Retail in the Age of COVID-19 Conference

patty_c/iStock/Getty ImagesRETAIL12 Takeaways from Day One of the ICSC Retail in the Age of COVID-19 Conference   Day one of the ICSC virtual conference focused on how retailers and landlords plan to rebound from the current situation. Sebastian Obando  Here are some main takeaways from day one of the conference.The first day of the ICSC Retail in the Age of COVID-19 virtual conference streamed online as speakers discussed the current state of the industry and how much permanent damage there might be

States Offer Relief Programs for Small Businesses

States offer relief programs for small businesses States offer relief programs for small businessesOctober 2, 2020 Delaware has announced a grant program of at least $100 million to assist Delaware small businesses and nonprofit organizations affected by the COVID-19 crisis. The program is expected to reach more than 3,000 small businesses and nonprofit organizations with grants of up to $100,000.   Illinois has announced $220 million as a second round of Business Interruption Grants (BIG) to assist

STATE OF ILLINOIS PROCLAIMS OCTOBER MANUFACTURING MONTH

STATE OF ILLINOIS PROCLAIMS OCTOBER MANUFACTURING MONTHDCEO joins industry leaders to mark National Manufacturing Month and recognize important contributions by Illinois’ manufacturing companies amid COVID-19ELK GROVE VILLAGE, IL – The Illinois Department of Commerce and Economic Opportunity (DCEO) today joined manufacturing industry leaders and members of the community at Crafts Technology to proclaim October as Manufacturing Month in Illinois. Kicking off October’s National Manufacturing Month, the event

U-46 Food and Nutrition Services to be Honored for Achievement

U-46 Food and Nutrition Services to be Honored for Achievement Department recognized for important work during COVID-19 ahead of National School Lunch Week  ELGIN - In a year that has demonstrated the importance of school meals, School District U-46’s Food & Nutrition Services department will be honored with an “Accent on Achievement” during Monday night’s Board of Education meeting. The honor comes just ahead of National School Lunch Week, being celebrated Oct. 12-16, 2020.   In a normal year, U-46

Free Wellness Sessions for Staff (Virtual or In- Person) from Chiro One Wellness Centers

Hello!  Our Chiropractic wellness centers would like to come out to serve and support your staff (either in person or virtually) with a complimentary wellness session(s) as part of our community outreach programs during these stressful times.  Just let me know the answers to the following questions so I can get you locked in. Hot topics to choose from: (choose 1 or for multiple sessions you may choose more) Stress- With this we would present on how stress affects you, discover concrete suggestions for a

STATE OF ILLINOIS RECOGNIZES NATIONAL WOMEN’S SMALL BUSINESS MONTH

STATE OF ILLINOIS RECOGNIZES NATIONAL WOMEN’S SMALL BUSINESS MONTH SPRINGFIELD – In honor of October’s National Women’s Small Business Month, the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced it will host a series of webinars to support the advancement of women-owned businesses. The discussions scheduled by DCEO and a host of industry partners, including Groupon, will offer support and insights for small businesses to grow, position themselves, and seek out resources that

Job Growth Weakend Nationally

Job Growth Weakened Nationally, but Few Cities Saw Losses Due to Census HiringPhoenix Led the Way in August Gains While D.C. Shed Jobs Since July Census takers were hired locally to ensure every household was counted in neighborhoods across the country. (U.S. Department of Commerce) By David Kahn and Sam Tenenbaum CoStar Analytics  The nation yet again saw a slowing in month-over-month job growth, according to the Bureau of Labor Statistics' latest employment data for August. To recap the national

Commercial Real Estate Articles Today

Noam Galai/Getty ImagesNREI WIRE  13 Must Reads for the CRE Industry Today    U.S. retail bankruptcies and store closures have set a record in the first half of the year, reports the Wall Street Journal. CBL Properties reached an agreement with some of its note holders that will delay its bankruptcy filing until October 15, according to TheChatanoogan.com. These are among today’s must reads from around the commercial real estate industry. NREI Staff   Fed’s Main Street Lending May Be Missing Core

Commercial Service of Illinois Trade Events

Illinois Trade Events and Opportunities  Commercial Service Illinois continues to provide our clients and partners with counseling and information during these challenging times. Know that we are here for you whether you have questions about the status of an event, need to cancel a service, or are checking on the status of an export market.  To learn more about our virtual services, visit Trade.gov/virtual-services.  Connect with us on social media @USCommercialSvc for our latest updates

Hanover Township October eNewsletter

    October 2020 eNewsletter    The Hanover Township Mental Health Board will host a virtual panel discussion in partnership with United for Peace on Thursday, October 1 at 7PM. Panelists will discuss signs of domestic violence, how to help victims, and resources to help. Attendees will also have the opportunity to ask questions at the end of the forum.  Panelists include Katie Schultz, Program Coordinator with the Children's Advocacy Center of North and Northwest Cook County,

Governors release joint statement on threats to American democracy

Governors release joint statement on threats to American democracy A coalition of 12 governors, including Govs. Jay Inslee (WA), Kate Brown (OR), Gavin Newsom (CA), Phil Murphy (NJ), Gretchen Whitmer (MI), Tony Evers (WI), Tim Walz (MN), Ralph Northam (VA), John Carney (DE), Steve Sisolak (NV), Michelle Lujan Grisham (NM) and JB Pritzker (IL), released a joint statement today on recent threats to the democratic process and reports of efforts to circumvent the election results. “We do not take for granted

Elgin Covid Response Fund Announces Final Round of Grants

 Elgin Covid Response Fund Announces Final Round of Grants             Funding will be utilized to provide direct assistance to individuals and families facing urgent, financial needs as a result of the pandemic. Elgin, IL— The Elgin Covid Response Fund (ECRF) steering committee announces its second and final round of funding to nonprofit organizations, totaling $60,000. The approved grant requests will provide direct financial assistance for housing and utilities,

Ecker Center for Behavioral Health News

    "There is hope, even when your brain tells you there isn't."                                                                         - John Green, Turtles All the Way Down     ECKER CENTER UPDATES                              ART SHOW A HUGE SUCCESS!       Despite Covid 19 restrictions and relentless rain that evening the 2020 Client Art Show held September 10th at Ecker Center was extremely successful.  Abstract artists, balloon artists, writers, portrait

Is it time for a cost segregation study?

Hopp Accounting & TaxYou are subscribed as cgieske@elginchamber.comOctober 2020 News Update from www.hoppcpa.comOctober 2020 Update - Is It Time for a Cost Segregation Study? & Beware of “Wash Sales” When Selling SecuritiesIs it time for a cost segregation study?Because of the economic impact of the COVID-19 crisis, many companies may want to conserve cash and not buy much equipment this year. As a result, you may not be able to claim as many depreciation tax deductions as in the past. However, if your

Pritzker Administration Announces $5 Million Business Grant Program for Agriculture Businesses

Pritzker Administration Announces $5 Million Business Grant Program for Agriculture Businesses Application for funding now available to livestock producers and small meat and poultry plants as a part of the state’s Business Interruption Grants (BIG) Program SPRINGFIELD, IL – The Illinois Department of Agriculture (IDOA) today announced the availability of $5 million in business recovery funding for livestock producers and small meat and poultry plants suffering interruptions as a result of the ongoing

Manufacturing Month Proclaimed

    The Illinois Department of Commerce and Economic Opportunity Proclaims October Manufacturing Month in Illinois!    Dear Partner:  Governor JB Pritzker has officially proclaimed October 2020 as Manufacturing Month in Illinois, and we’re inviting you to join in celebrating our state's manufacturers. As a leader in next generation manufacturing, Illinois has a rich legacy and a robust ecosystem to showcase. We are the fourth largest manufacturing state in the country, with over 18,000

18 Takeaways from Two Day ICSC Retail Conference

William_Potter/iStock/Getty ImagesRETAIL18 Takeaways from Day Two of the ICSC Retail in the Age of COVID-19 Conference   On Wednesday, panelist discussions centered on the best ways for retailers and landlords to integrate e-commerce into their operations. Sebastian Obando  While the first day of ICSC’s virtual conference focused on how retail tenants and landlords can survive through the pandemic, the second day focused on growth strategies—specifically, how to successfully integrate e-commerce into

Rieke Office Interiors Announces New Partnership

Rieke Office Interiors Announces New Partnership Between CEO, Melissa Kehl, and Colleen Baader, Senior Vice President September 2020 Press Releases The Connector    Monica Smiley    Monday, 28 September 2020  (Elgin, IL) Sept. 22, 2020—Rieke Office Interiors (ROI) is excited to announce that it now has two optimistic and fearless women leaders pooling their talents as they head into 2021. ROI’s CEO, Melissa Kehl, and senior vice president, Colleen Baader, have formed a new partnership to move the

Chicago Lightens Pandemic Rules on Bars, Restaurants and Gyms

Chicago Lightens Pandemic Rules on Bars, Restaurants and GymsImproving Conditions Opens Doors, but Mayor Warns Residents to Stay on High Alert to Keep COVID-19 in Check Chicago is lifting some pandemic restrictions on indoor dining just as the fall weather starts to set in. (Getty Images) By Jennifer Waters CoStar News  Chicago bars will again be able to serve customers indoors beginning later this week, a welcome relief after more than six months of restrictions tied to the COVID-19 pandemic just

Disney to Lay Off 28,000, Consumer Confidence Rebounds, Small Business Hiring Sees Uptick

Disney to Lay Off 28,000, Consumer Confidence Rebounds, Small Business Hiring Sees UptickWhat You Need to Know to Start Your Day Disneyland closed in March as the coronavirus pandemic took hold in the United States and local governments issued lockdowns. (Getty Images) By Richard Lawson CoStar News  Disney to Lay Off 28,000 The Walt Disney Co. said it's laying off 28,000 employees at its U.S. theme parks as a result of capacity limits related to the pandemic and the inability to reopen Disneyland

Illinois Department of Labor Launches Back to Business Illinois

Illinois Department of Labor Launches Back to Business Illinois Health and Safety Program Promotes Successful Small Business Reopenings SPRINGFIELD – The Illinois Department of Labor (IDOL) today announced the launch of Back to Business Illinois, a free, voluntary service to connect small businesses of 250 employees or fewer with consultants who will help them evaluate and address workplace safety and health issues related to COVID-19. The consultants will create a plan for small businesses that promotes

On Second Thought: Renters Make Sharp Reversal on Apartment Preferences

On Second Thought: Renters Make Sharp Reversal on Apartment PreferencesAnalysis of Daily Rents Shows How Quickly People Changed What They Look for in Apartments Access to playgrounds is one of the amenities apartment renters have a new appreciation for after schools and day care centers closed during the pandemic. (Getty Images) By Andrew Rybczynski  Apartment renters’ preferences for the types of units and amenities they look for have shifted quickly since the onset of the pandemic. Larger units are

Hispanic Heritage Month

    National Hispanic Heritage Month – Mes Nacional de la Herencia Hispana        DCEO continues to celebrate Hispanic Heritage Month, every year during September 15 – October 15, by offering a series of webinars targeting Latinx business owners in English andSpanish. If you have any questions regarding any of the events, please email Diana Alfaro, Latino Business Development Manager, at

About That Shift From City To Suburb

  About That Shift From City to Suburb ... “City people make most of the fuss about the charms of country life.”— aphorist Mason CooleyIt may end up being the case that the defining feature of the COVID lockdown recession is density, both at the micro and macro levels. Public spaces where many people gather for longer periods of time are high risk, like restaurants, gyms, and public transit. And high-density cities seem also to be at higher risk (New York became the pandemic’s global epicenter). Imagine

Third Quarter Groundbreakings Signal Growing Competition for Chicago Industrial Landlords

Third Quarter Groundbreakings Signal Growing Competition for Chicago Industrial LandlordsDevelopers Respond to Increased E-Commerce Demand With Influx of New Projects The Chicago industrial market saw its highest level of groundbreakings in 4 years. (Getty Images) By Denes Juhasz and Brandon Svec Market Analysts  Industrial development in the Chicago metropolitan area isn't showing any signs of slowing during the coronavirus pandemic. Developers have broken ground on approximately 8.6 million

Commercial Real Estate Articles that are Must Reads for Today

NICHOLAS KAMM/AFP/Getty ImagesNREI WIRE  Eight Must Reads for the CRE Industry Today   Costco appears to have avoided the COVID-19 impact as sales jumped over 10 percent, reports Business Insider. The New York Times looks at how restaurants and outdoor dining can survive the winter. These are among today’s must reads from around the commercial real estate industry. NREI Staff   Roadside Hotels Are Resting Relatively Easy During the Pandemic “These days, American travelers are taking shelter at modest

Elgin Announces Halloween Considerations and New Drive-Through Event

Considerations for Halloween Celebrations The U.S. Department of Health and Human Services’ Centers for Disease Control and Prevention (CDC) has released guidelines classifying trick-or-treating a high-risk activity during the coronavirus pandemic. The City of Elgin is not encouraging trick-or-treating this year consistent with the CDC’s guidance and is recommending alternative options for celebrating the holiday. Those choosing to trick-or-treat should limit activity to 4:00-8:00 p.m. on Saturday,

Randall Over 90 Update Sept 15

     Randall Over 90 UpdateThe Kane County Division of Transportation (KDOT) has been coordinating with the Illinois Department of Transportation (IDOT) and the Federal Highway Administration (FHWA) during the Randall Over 90 study.  One new development from this coordination: All parties agree that the project can benefit from a transition from a feasibility study to a Planning and Environmental Linkage (PEL) strategy.    FHWA developed the PEL

CHASE 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

EAC's Business Review Newsletter for March 2020

 EAC's Business Review Newsletter for February 2020  

EAC's Business Review Newsletter for February 2020

 EAC's Business Review Newsletter for February 2020

What's in Store for the Local Economy in 2020?

    The U.S. economy is in its 126th month of expansion that dates to July 2009, and Elgin businesses have been riding the wave. The question everyone has been asking themselves is how long can the longest expansion in U.S. history continue? Will the economy contract, continue expanding, fall or flatten is anyone’s guess? Here are a few quotes from Elgin’s business leaders on what 2020 has in store:     “Ziegler’s Ace customers continue to invest in new Weber and Traeger grills, Ego mowers and snowblowers,

EAC'S Business Review Newsletter for January 2020

Welcome New Chamber Members!

Welcome to these new Chamber members in January!   Culver's of Elgin Ross Thomas 1175 N. McLean Boulevard Elgin IL 60123 OPENING SOON!!www.culvers.com Food & Beverages/Restaurants   H.B. Fuller Lesandro Gonzalez 1575 Executive Drive Elgin IL 60123 (847) 841-7002www.hbfuller.com Industrial/Adhesive – Manufacturer   Innerspire, Inc Nate Lindquist 164 Division Street, Suite 406 Elgin IL 60120 (904) 385-9017www.TheMinimalistCEO.com Business Services/Consulting   Rosenfeld Injury Lawyers,