Earlier this week two of the three largest dollar store chains joined forces. Dollar Tree acquired Family Dollar for approximately $8.5 billion. The transaction will take effect early 2015 and will mean the conglomerate will have over 13,000 stores in 48 states.
A few weeks back, Chicago based Portillo’s announced the possibility of a sale. Fans across the four states Portillo’s operates in (not to mention the whole country) were shocked, and saddened of the news. “What would Portillo’s be without Dick Portillo?” fans questioned.
Recently we did a showing with a well established medical practice in the Fox Valley area. Currently this practice is located in an on-campus medical facility (a medical office building located on hospital grounds.) Their initial lease term is coming due, so they are shopping new sites.
After the hustle and bustle of the holidays, we find that many businesses have a bit of downtime in late January. Usually our firm capitalizes on this time to complete our New Year’s checklist of annual projects. Here are a couple items we’ll be crossing off early 2014, and we encourage you to do the same:
Review and price shop your insurance.
Can you believe it’s already “that time of year” where businesses have to start the process of client appreciation gifts? Where did 2013 go?
This year we plan on going a more non-traditional route with our gifting…we’ll be putting funds into charitable organizations on behalf of our clients.
Since graduating National University in Lombard, Ryan Deniz knew he wanted to open a chiropractic clinic in his very own hometown of Geneva. So when Kevin O’Donnell completed a business presentation at his university’s class, he knew it was fate. The small boutique commercial real estate firm resided in Geneva’s neighboring town of St. Charles.
As the owner of a small business, you notice that your quickly growing out of your current location and that it is time to relocate. Who do you call? For some people the first answer that comes to mind is anyone in real estate, namely being the Realtor that sold them their house.
Recently we stumbled upon this article on Yahoo! Finance. http://finance.yahoo.com/news/world-corrugated-boxes-market-195400470.html
The article details the soon-to-be increase in production of corrugated (cardboard) boxes. As the economy continues to grow and production of goods and foods ramps up again, boxes are needed to ship and store these products.
Generally speaking, we at O’Donnell Commercial advise all businesses to start their real estate search as early as possible. This holds especially true for medical practices. Following are three reasons we believe it to be essential doctors should search for their new office at least a year in advance:
1. Equipment: Unlike many other office users, medical practices often times have a large amount of equipment.
Last week the Daily Herald Business Ledger published an article regarding suburban start-up company UICO LLC. The firm develops and manufactures industrial-grade touch screen products that withstand heat and water, can be used with gloves, and are extremely durable.