Business

THU, 5/23/2019

Thursday, May 23, 2019

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A senior living community wants to build a $30 million apartment facility for “hotel-style” living in downtown Des Plaines at the former Emergency Nurses Association building, 915 Lee St.

Des Plaines approves "hotel-style" senior living community downtown

Des Plaines has approved plans for a $30 million "hotel-style" senior living community downtown.
A rendering shows plans for a 162,000-square-foot industrial building at 1600-1700 Sherwin Ave. in Des Plaines. The city recommended a Cook County tax incentive for the project.

Des Plaines recommends tax break for $12.5 million industrial building

Des Plaines has recommended a tax break for a developer that plans to demolish two industrial properties on the south side of the city and construct a $12.5 million building at the site.
The new headquarters of Innovation DuPage — part business accelerator, part incubator, part coworking spaces — hosted an opening celebration Wednesday. The College of DuPage center is in renovated portions of the Glen Ellyn Civic Center at 535 Duane St.

Innovation DuPage opens in downtown Glen Ellyn Civic Center

Innovation DuPage -- a regional hub for business development operated by the College of DuPage -- unveiled its new headquarters Wednesday in the Glen Ellyn Civic Center.
Des Plaines wants to revoke a tax incentive awarded in 2015 to a business city officials say has not kept its promises for development of property in the 500 block of Santa Rosa Drive. Mayor Matt Bogusz said the company has “effectively stolen taxpayer dollars.”

'Atrocious': Des Plaines moves to revoke tax break for company

A Des Plaines company improperly took a Cook County tax break, paid nearly $170,000 less in taxes than required, illegally allowed businesses to occupy its building and installed a parking lot without permission, according to city officials.
INVICTO, described as featuring authentic Mexican street foods, is opening Thursday in Vernon Hills. It will be the second location for the eatery, which opened its first restaurant in Naperville.
Mexican eatery INVICTO opening second location in Vernon Hills
Mexican street food inspired restaurant INVICTO, which debuted last fall in Naperville, is opening a second location Thursday at Mellody Farm in Vernon Hills.
This is the recommended concept plan for a 12-acre park in the 225-acre Veridian Development on the former Motorola Solutions corporate campus at the southwest corner of Algonquin and Meacham roads in Schaumburg.
Schaumburg trustees like park concept for ex-Motorola site
Schaumburg trustees Tuesday endorsed a concept plan for a central 12-acre park that would serve the coming businesses, residences and visitors on the 225-acre Veridian Development on the former Motorola Solutions campus.
Five suburban entrepreneurs named EY award finalists
Five suburban entrepreneurs were among the Midwest finalists announced for EY's Entrepreneur Of The Year 2019 Award in the Midwest.
WBEZ 91.5-FM will launch a new local talk show from 11 a.m. to 1 p.m. Monday through Friday as part of a revised midday lineup this fal
Feder: WBEZ to debut two-hour midday talk show this fall
WBEZ 91.5-FM will launch a new local talk show from 11 a.m. to 1 p.m. Monday through Friday as part of a revised midday lineup this fall at the Chicago Public Media news/talk station, Robert Feder writes.
Stephen M. Calk, Chairman and Chief Financial Official of The Federal Savings Bank speaks as Chicago Mayor Rahm Emanuel listens during an announcement about job growth and economic development and a corporate headquarters relocation by the Federal Savings Bank to Chicago. Calk, who prosecutors say tried to buy himself a senior post in President Donald Trump’s administration by making risky loans to former Trump campaign chairman Paul Manafort, was arrested Thursday on a financial institution bribery charge.
Chicago bank CEO accused of bribing Manafort for administration job
Stephen Calk, a former economic adviser to President Donald Trump's 2016 presidential campaign, was indicted Thursday for allegedly approving $16 million in loans to former Trump campaign chairman Paul Manafort in exchange for his help seeking a top post in the administration.
Court: Chicago food truck regulations constitutional
The Chicago Tribune reports the court said Thursday that the rules are constitutional and the city can protect brick-and-mortar restaurants from competition from food trucks.
CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property at 17W734 22nd St. in Oakbrook Terrace for $21 million.
CBRE brokers $21 million retail center sale
CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property at 17W734 22nd St. in Oakbrook Terrace for $21 million.
Chris Griffin
Business Ledger | USG grows to global leader in wallboard,gypsum products
An interview with Chris Griffin, president and chief executive officer of USG Corporation, based in Chicago.
                                                                                                                                                                                                                       
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