EDG News
today's news
Accredo Health Group has signed a 40,873-square-foot industrial lease at 300 Airport Road within Fox River Business Center in Elgin.
Tony Lucenko
today's news
Builder groups are praising the federal government’s decision to rescind proposed energy mandates that critics argued would have significantly increased the already high cost of developing single-family and multifamily housing.
Tony Lucenko
today's news
Claire’s is relocating its corporate headquarters to an office building near O’Hare International Airport, marking a significant step in the retailer’s effort to rebuild after emerging from its second bankruptcy.
Tony Lucenko
today's news
According to the latest Survey of Consumer Expectations on the labor market, published by the New York Federal Reserve Bank on Monday,
Tony Lucenko
today's news
Consumers expect already elevated gasoline prices to rise another 9.4% in the coming year, the highest projection in four years, based on the latest national survey of expectations by the Federal Reserve Bank of New York. The average U.S. gas price has risen more than 30% since the start of the Iran war on Feb. 28, according to AAA.
Tony Lucenko
today's news
Global investment in data centers reached a record $580 billion in 2025, surpassing spending on oil for the first time, marking a significant shift in infrastructure priorities. Expanding at an unprecedented pace, the sector is projected to require an additional $3 trillion for further buildouts by 2030, according to a report by Colliers.
Tony Lucenko
today's news
Inspire Brands, owner of restaurant chains such as Dunkin’, Arby’s and Buffalo Wild Wings, has filed for an initial public offering of its stock.
Tony Lucenko
today's news
The Illinois Department of Employment Security released monthly employment numbers yesterday for Illinois municipalities, counties, and metropolitan districts for January 2026.
Tony Lucenko
today's news
U.S. retail sales recorded their largest increase in three years in March, driven largely by a sharp rise in gas prices, according to the Commerce Department’s latest monthly report released Tuesday.
Tony Lucenko
today's news
Soaring gasoline prices linked to the war in Iran played a major role in pushing U.S. consumer inflation sharply higher in March. Annual inflation rose to 3.3%, up from 2.4% in February, according to the latest data from the Labor Department.
Tony Lucenko
today's news
The Elgin Development Group monitors Help Wanted Online (HWOL) job postings published by the Illinois Department of Employment Security.
Tony Lucenko
today's news
U.S. residential construction starts climbed 10.8% in March from the previous month and were also up 10.8% compared with a year earlier.
Tony Lucenko
today's news
McDonald’s started off 2026 by beating analyst expectations for revenue and profits, though company executives said lower-income consumers in particular are increasingly challenged when it comes to spending money at the world’s largest restaurant chain.
Tony Lucenko
today's news
The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
Tony Lucenko
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.
Terry Gajewski
today's news
U.S. companies faced a notable increase in production costs in March, with prices for goods and services rising 4% compared to a year earlier.
Tony Lucenko
today's news
U.S. companies’ costs to provide goods and services during April spiked 6% from a year earlier, marking the biggest annual increase since December 2022, the Labor Department reported Wednesday.
Tony Lucenko
Tween retailer is building up its supply chain after bankruptcy filing last year
The company that saved tween retailer Claire's from liquidation has leased a warehouse outside of Chicago for the chain, which is bolstering its distribution network as it attempts a rebound.
Tony Lucenko
today's news
U.S. multifamily vacancy rates are now expected to rise more than previously forecast, peaking in early 2027 as rent growth weakens.
Tony Lucenko
today's news
A global slowdown in population growth may create long-term challenges for commercial real estate demand and investment returns, according to a recent report from Oxford Economics.
Tony Lucenko