EDG News

today's news

A key inflation gauge closely watched by the Federal Reserve showed consumer prices rising at an annual rate of 2.8% in November, according to delayed data released Thursday. That marked an increase from October’s 2.7% and moved inflation further above the Fed’s 2% target as policymakers prepare for their next interest-rate meeting, scheduled for Tuesday and Wednesday.

today's mews

U.S. industrial property demand accelerated in the second half of 2025, a trend expected to extend into 2026 as companies seek modern facilities capable of supporting artificial intelligence and advanced automation, according to brokerage Cushman & Wakefield.

today's news

Chicago’s retail market has strengthened significantly over the past three years, with vacant storefronts filling faster than at any point in nearly a decade. In 2022, lease-up periods averaged roughly 12 months, reflecting lingering pandemic uncertainty and an oversupply of large-format vacancies.

today's news

CHICAGO (January 6, 2026) – ComEd today announced the first set of new Transmission Security Agreements (TSAs) designed to protect customers and ensure fairness in the cost of connecting and providing transmission service to new large loads requesting service from the grid. These agreements help safeguard existing customers from bearing costs of serving proposed large load projects and ensure that those new projects pay their fair share even if they do not fully materialize.

today's news

Industrial vacancy rates were at an all-time low of 2.11% in the third quarter of 2019. With millions of square feet of new construction added in the last few years and a few large buildings that have recently come on the market the rate has stabilized at 6.05% today.

today's mews

The Elgin Development Group monitors various demographics to see what changes are occurring within the local population and offers a unique perspective on data based upon ZIP Codes (originally known as the “zone improvement plan”) in this article.

today's news

U.S. consumer sentiment edged higher for the second straight month in the latest January survey by the University of Michigan. A closely watched index reached its highest level since September but reflected lingering concerns about inflation and employment.

today's news

Home mortgage rates have seen a gradual decline in the final weeks of 2025, although surveys from U.S. lenders show that application activity has remained relatively subdued, according to industry analysts.

Weekly Update: January 20, 2026

STAR Bonds Expanded Statewide Sales Tax and Revenue (STAR) bonds support economic growth by financing the development and revitalization of major tourism, entertainment, retail, and destination-based projects in STAR bond districts. The Statewide Innovation Development and Economy Act was recently expanded to extend the availability of STAR bonds to support municipalities in every region of the state by empowering them with additional financing options to meaningfully invest in capital projects that will attract visito

today's news

Site Selection magazine, a 73-year-old economic development journal, ranks city’s, counties, and State’s annually in various categories such as workforce development,

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.

Payment Created by Climate and Equitable Jobs Act to Protect Customers

ComEd today announced that over $803 million will be returned to customers under the framework established in Illinois’ Climate and Equitable Jobs Act (CEJA) enacted in 2021,

today's news

According to a recent National Restaurant Association survey, fewer consumers are dining out, reflecting broader concerns over stagnant economic growth. The data highlights a troubling trend for the restaurant industry, as both sales and customer traffic continue to suffer.

today's news

U.S. manufacturing activity declined for the 10th straight month in December, underscoring persistent caution among companies and raising concerns about near-term demand for industrial real estate.

today's news

Despite facing challenges like e-commerce growth, a global pandemic, and rising interest rates, U.S. shopping centers have proven remarkably resilient. As we head into 2026, these retail centers are attracting significant investment, making them one of the hottest sectors in commercial real estate.