BOS Asset Management, a newly created registered investment advisory firm, has acquired L.A. Burton & Associates following the retirement of owner Larry Burton. “It was an acquisition of his book of business; he was retiring after 27 years,” said Brian Brewer, senior vice president and program manager for BOS Investment Services. Brewer also serves as [...]
The State Journal-Register building at 915 E. Capitol Ave. is back on the market, with a significant price reduction. Last month, Illinois Times reported that the building was under contract to an undisclosed buyer for slightly less than the asking price of $2.9 million. Now, the property is back on the market at a list [...]
By Sarah Mansur, Capitol News Illinois Hospitality jobs in Illinois have declined nearly 52% since the pandemic began, according to new data, as lawsuits continue against the governor’s orders to close nonessential businesses. While leisure and hospitality jobs were hit the hardest, the number of small businesses open in Illinois overall has fallen by about [...]
Ocean Crab House, a Cajun seafood restaurant, has opened in the former Show Me’s restaurant at 3101 S. MacArthur Blvd. According to Sangamon County tax records, the property was sold on Dec. 2 for $700,000 to Ocean Crab House, Inc. That LLC is registered with the Illinois Secretary of State and lists Jinming Wu as [...]
Citizens Equity First Credit Union (CEFCU) has completed its purchase of four Illinois branches from Simmons Bank, effective March 15. The branch offices are located in Columbia, Edwardsville, Godfrey and O’Fallon, Illinois. CEFCU’s total assets as of the end of January 2021 were more than $7 billion. The purchase increases CEFCU’s assets by just over [...]
Audrey Kondelis has turned her passion for parties into a new business, Pole Barn Chic Events. Kondelis said she threw a birthday party for herself last year that inspired her to start professionally planning events for others. “Last year, I had a great big Mardi Gras party at my house. I brought up a Grammy-nominated [...]
The building at 3 S. Old State Capitol Plaza has been empty since the Greater Springfield Chamber of Commerce moved out in 2009, but a new owner hopes to put the property back into productive use. Aaron Acree, owner of Michael von Behren Builder, acquired the property last year from United Community Bank, which had [...]
By Sarah Mansur, Capitol News Illinois smansur@capitolnewsillinois.com The grant program for small businesses owners in Illinois who suffered losses during the pandemic has run out of money. Illinois’ Business Interruption Grant program was the largest state program of its kind, but only about 20%, or 8,974 applicants, received a grant. The Illinois General Assembly created [...]
The City of Springfield has announced the recipients of the city's Small Business Assistance Grant program. The Office of Planning & Economic Development awarded $5,000 grants to 126 Springfield businesses through a program that was rolled out in November in response to economic hardships caused by COVID-19. The city made $630,000 in funding available through [...]
A significant expansion is planned for the Illinois Presbyterian Home Communities in 2021, utilizing the existing 27-acre campus at the corner of Lawrence Avenue and Chatham Road. Fair Hills Residence and Fair Hills Apartments currently provide assisted and independent living for seniors. Sixteen cottages will be constructed in the next phase, along with Fair Hills [...]