Category: News

Woodridge Residential, Commercial and Retail Development Rebounds in 2014

Posted on | by brent

Woodridge experienced positive developments in the commercial and retail sectors during 2014. In the spring, Art Van Furniture officially opened its 68,000-square-foot store located at the northwest corner of Boughton Road and Woodward Avenue. The Village also became home to Hobby Lobby, which located in the former Sports Authority storefront at the Centerpointe Shopping Center.

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County Approves Green Building Incentives

Posted on | by brent
The DuPage County Board approved an incentive program to encourage developers and property owners to “build green” projects throughout the County. Following the approval of these incentives by the Stormwater Management, Environmental, Economic Development and Development Committees, members voted unanimously to implement a list of incentives that reduce permitting time and costs for projects that qualify under standards set by the U.S. Green Building Council. Continue reading →

Shorr Packaging Awarded Company of the Year by The Illinois Chapter of The ESOP Association

Posted on | by brent

Shorr Packaging Corp. has been named the 2015 esop Company of the Year by the Illinois Chapter of The ESOP Association. The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOP) and the leading voice in America for employee ownership. The Illinois Chapter represents approximately 100 member companies in the State of Illinois. Continue reading →

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

Posted on | by brent
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

Posted on | by brent
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 →