EDG News

today's news

U.S. spending on residential and nonresidential construction projects increased slightly in April from month-earlier and year-earlier levels, though development growth remained sluggish by historical standards for most types of construction in the early months of 2026.

today's news

The average construction backlog, reflecting the volume of projects under contract but not completed or billed by U.S. contractors, reached 8.8 months in April, according to the latest tracking by the Associated Builders and Contractors trade group.

today's news

The Elgin Development Group follows what’s happening with 11 types of commercial property that includes office, retail, housing, flex space, industrial, health care, hospitality, and the overall real estate market in the City of Elgin.

todays news

More than 600 companies try to become latest design trend at AIA conference

build-to-suit project is a significant addition

Opus has officially broken ground on a new, specialized 52,174-square-foot facility for family-owned Elgin Recycling in Gilberts, Illinois. This build-to-suit project is a significant addition to the Turnberry Lakes Business Park, strategically placing it near Elgin Recycling's corporate headquarters and one of its four existing Chicago-area scrap yards.

today's news

Ross Stores joined other major discount retailers posting strong sales gains in the first quarter, including Walmart and Target, as consumers trim budgets in response to spiking gas prices and other household expenses.

Fewer bankruptcies temper shutdowns

After a wave of store closings in 2025, activity has normalized in 2026 as new stores modestly outpace shutdowns so far this year.

today's news

Walmart posted a 7.3% annual boost in total revenue and a 4.1% increase in same-store sales in its latest quarter, with spending up in categories like patio furnishings, sporting goods and toys

What you need to know to start your day

Walmart signed a long-term purchase agreement for nuclear power with energy provider Constellation as the world’s largest retailer seeks to provide clean energy to an expanding network of distribution centers.