2016 October Issue
IMPACT Strategies Inc., Academy Sports + Outdoors, O’Fallon, Ill.
By RITA DUCKWORTH Construction is underway at Academy Sports + Outdoors at the Lincoln Crossing shopping center in the 1500 block of West U.S. 50 in O’Fallon, Ill. The sporting goods retailer says it offers “apparel, footwear, equipment and gear for the fan, enthusiast and participant.” It will be the Texas-based company’s first store Illinois,…
Read MorePoettker Construction Co., Jefferson Barracks VA Engineering Warehouse, St. Louis
By RITA DUCKWORTH Poettker Construction Co. was recently awarded the $31 million Jefferson Barracks VA Engineering Warehouse in St. Louis and anticipates mobilization in October 2016. Poettker is one of several companies participating in the massive campus overhaul of the Jefferson Barracks VA Medical Center, located on the Mississippi River in St. Louis. In…
Read MoreMcCarthy Building Companies Inc., Sarah Bush Lincoln Hospital, Mattoon
By ROBERTA CODEMO Project manager Matt Sauer with McCarthy Building Companies Inc. admits it can be tough renovating an existing building. “You never know what you might uncover,” he said. He is overseeing the $15 million to $20 million renovation projects at Sarah Bush Lincoln Hospital in Mattoon. He and his team have encountered…
Read MoreCOUNTERPOINT: Should courts look favorably at bonuses in bankruptcy cases?
Execs should be held firmly to standard of proof before getting additional compensation By STEVEN M. WALLACE and AMANDA R. MCQUAID Chapter 11 bankruptcy is frequently the vehicle used for dismantling businesses. Chapter 11 “reorganizations” are most often court-supervised liquidations. Shareholders’ investments are wiped out, vendors receive pennies on the dollar, if that, and employees…
Read MorePOINT: Should courts look favorably at bonuses in Chapter 11 bankruptcies?
Yes, Congress has implemented measures to protect creditors, incentivize the executive team By ROBERT E. EGGMANN and BECKY R. EGGMANN Chapter 11 business filings are on the increase. According to data compiled by the Administrative Office of the United States Courts, 5,594 Chapter 11 business bankruptcies were filed in the 12-month period ending June 30,…
Read More‘Lockbox’ vote seeks surety of road funds
By DENNIS GRUBAUGH Illinois voters have the rare opportunity this fall to amend the state constitution, by acting upon a measure that passed the General Assembly with strong bipartisan support. Though it had been attempted and failed before, the so-called Lockbox Amendment breezed through the state approval process this year and aims to protect money…
Read MoreAcademy grooms techno whiz kids for jobs of future
By DENNIS GRUBAUGH BELLEVILLE — Michael Pedersen was simply looking for a way to spend time with his daughter, Chasity, when he introduced her to the hobby of computer coding. Little could he know that he would tap into a passion that would take each of them in exciting, new directions. Pedersen, a systems engineer…
Read MorePeer 151 collaboration produces first-year successes
By DENNIS GRUBAUGH BELLEVILLE — Peer 151, Metro East’s first broad-based effort to tap into the local startup world, is already proclaiming some success stories, even as it adapts to a challenging marketplace. Barely a year into its existence, the coworking and collaboration space at 15 N. First St., helped at least four businesses get…
Read MoreSouthwestern Illinois Commercial Real Estate Transactions
Southwestern Illinois Commercial Real Estate Transactions The Illinois Business Journal is proud to publish commercial real estate transactions recently completed by commercial brokers across Southwestern Illinois. BELLEVILLE Paloma Properties LLC leased 4,490 square feet to Mi’Lan Salon & Cosmetology School LLC, 1148 Royal Heights Road. Kunkel Commercial Group represented both parties CARLYLE CO Acquisition…
Read More