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Elevation Financial Group acquires two senior living properties in Springfield

Elevation Financial Group has acquired its first two properties in Illinois, Homestead at Montvale and Homestead Place. The company, based out of Orlando, Florida, owns and manages seven senior living complexes nationwide and provides management services for an additional three senior properties, according to Jennifer Morrill, vice president of senior portfolio and operations. In addition, [...]

By |October 16th, 2019|Categories: Business News, News|0 Comments

MSF&W under new ownership

MSF&W, an information system consulting firm founded in Springfield in 1991, has new ownership as of Sept. 30. Longtime employee Laurie King is now a majority shareholder with 52% ownership of the company, while two of the original founders, John Marucco and Darrell “Duke” Stoddard, each retained 24% ownership. “Now we can apply to become [...]

By |October 14th, 2019|Categories: Business News, News|1 Comment

Mix of residential and commercial development planned for Rochester

By David Blanchette Plans for the 49-acre multi-use Cardinal Hill Crossing development in Rochester are moving along, and the project developer hopes to begin physical work on the property in early 2020. Cardinal Hill Crossing is flanked on one end by Rochester Intermediate School and the new Rochester Fire Protection District Station and on the [...]

By |September 6th, 2019|Categories: Business News, News|0 Comments

Studio on 6th has new owners, same mission

Chris and Laura Camp, owners of Simply Fair, are also the new owners of Studio on 6th, an artists’ co-op in downtown Springfield. While the two retail businesses each have a different business model, Laura Camp said there is actually some overlap. “We have folks come in and ask if they can put their handmade [...]

By |August 21st, 2019|Categories: Business News, News|0 Comments

New ownership for Mel-O-Cream Donuts

Mel-O-Cream Donuts, a Springfield staple since 1932, has been sold to a new owner. Springfield resident Amanda Crossland is the principal of Sangamon Donuts, LLC and acquired the four retail locations on July 14. Crossland, who previously worked for Bunn and H.D. Smith, was the manager for consumer marketing and sales support when she left [...]

By |August 8th, 2019|Categories: Business News, News|0 Comments

Third time’s the charm?

The Cardologist, a long-time downtown business known for its selection of socks as much as cards and gifts, is facing the prospect of having to relocate again for the third time in just over three years. Owner Doug Mayol says his landlord has given him notice that his lease will not be renewed when it [...]

By |July 31st, 2019|Categories: Business News|0 Comments

Tacology 101 reopens after minor fire

Tacology 101, located at 219 S. Fifth St. in downtown Springfield, will reopen today after a minor fire Monday afternoon. Owner James Hamilton said that there was no damage to the interior of the restaurant, “just a mess outside we had to clean up.” Firefighters out on another call around 4:30 p.m. Monday noticed smoke [...]

By |June 5th, 2019|Categories: Business News, News|0 Comments

MacArthur redevelopment project on hold

Developer Eric Hoogland has tabled plans for a major redevelopment project on MacArthur Blvd., although Ward 7 Alderman Joe McMenamin says it may still happen in the future. CEHOG, LLC, an entity controlled by the Hoogland family, was under contract to purchase more than one-and-a-half acres of land at the corner of MacArthur Boulevard and [...]

By |May 29th, 2019|Categories: Business News|0 Comments

Made-from-scratch makes an impression at Papo’s Café

BY TOM PAVLIK I’ve been hearing about Papo’s Café for the last several months, but primarily in connection with its made-from-scratch breakfasts, baked goods and hand-crafted coffee drinks. And yes, Papo’s breakfast menu sure is enticing. Although plenty of business is done over breakfast meetings, this month the fates decreed a lunch meeting with a [...]

By |January 23rd, 2019|Categories: Business News, News|0 Comments
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