Suburban office vacancies hit six-year low, indicating strong market gains

As Chicagoland continues to attract major users and headquarters including Advocate Health Care, Duchossois Group, and Capital One, the seven-county region is exhibiting strong market gains, according to a report by global real estate firm CBRE Group, Inc. Vacancy rates in suburban offices continue to drop, absorbing over 1.1 million square feet of existing office space in the fourth quarter of 2014. Continue reading →

Fresh Thyme to Relocate Headquarters to Downers Grove

By: Micah Maidenberg, Crain’s Chicago Business An organic grocer that plans an ambitious expansion across the Midwest has inked deals for two more Chicago-area stores as it prepares to move its headquarters to Downers Grove from Phoenix. Fresh Thyme Farmers Market signed a 15-year lease for its first store in the city, at 2500 N. Elston Ave., a busy retail corridor between Bucktown and Lincoln Park, company President CEO Chris Sherrell confirmed. The firm also is opening a store in a former Dominick’s in Crystal Lake, he said. Continue reading →

Rev3, Choose DuPage talk technology trends of 2015

Written by: Anna Marie Kukec, Daily Herald Wearable technology, more connections with your house and car, and faster speeds continue to dominate the hottest technologies expected in the new year, according to suburban tech experts. As more police officers explore the use of wearable cameras in the aftermath of turmoil in various cities this year, and consumers continue to seek new ways to do old tasks, it’s easy to see how sensors and other devices will become more prominent. Continue reading →

Metro West Manufacturing Workforce Collaboration

Developing Manufacturing Career Paths

The Metro West Manufacturing Workforce Collaboration is an initiative established to develop manufacturing career paths for unemployed and underemployed people. Over the next ten years, DuPage County manufacturers will need to replace 9,000 retiring employees. The need for this initiative is both urgent and important. This workforce initiative was created with support of DuPage County, Illinois Department of Commerce and Economic Opportunity, Alliance for Illinois Manufacturing (AIM), North Business & Industrial Council (NORBIC), Jane Addams Resource Corporation (JARC) and Career Connect DuPage. Continue reading →