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The Week That Was: Winning Lotto ticket sold in new store, pro skateboarder accused of murder

A winning Lotto ticket is sold at a new Hoffman Estates convenience store. An Arlington Heights apartment project is delayed again. New stores at Algonquin Commons. A corrugated box factory could be coming to Elgin. Pro skateboarder accused of killing Wheaton man. A surf-and-turf eatery in Lake Zurich.

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Barnes & Noble plans move to Algonquin Commons this fall

Barnes & Noble plans move to Algonquin Commons this fall
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Community Calendar | Northern Public Radio: WNIJ and WNIU

Community Calendar | Northern Public Radio: WNIJ and WNIU
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Algonquin commonsஅல்கொன்கின் காமன்ஸ்

Red Mountain Group buys Algonquin Commons shopping center

Algonquin Commons After being stuck in foreclosure for more than eight years, a big shopping center in northwest suburban Algonquin is a zombie no longer. California investment firm Red Mountain Group has acquired Algonquin Commons, a 600,000-square-foot property that ran into financial trouble after the Great Recession, when its then-owner defaulted on about $110 million in debt. Red Mountain plans to launch a $30 million turnaround of the shopping center, good news for one of the biggest distressed properties in the Chicago area. More “I have never seen an asset of this high quality, this well located, with this strong of a tenant mix, with this amount of opportunity in my 30 year career,” Red Mountain CEO Michael H. Mugel said in a statement. “We are so very excited to be participating with the Algonquin community to bring an experience that very few communities will ever get the chance to enjoy.”

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Red Mountain Group Inc acquires Algonquin Commons

Updated 5/12/2021 4:40 PM Santa Ana, CA May 7th, 2021 After eight long years of being in receivership, Red Mountain Group, Inc. is very excited to announce the acquisition of Algonquin Commons, a 600,000-square-foot premier power/lifestyle center on 70 acres serving Chicago s northwestern region. The shopping center is located on the southwest corner of Randall Road and County Line Road at 1504-2298 South Randall Road, Algonquin, Illinois. Built in 2004, the center provides visitors a unique shopping and dining experience with a varied tenant mix that includes national fashion chains, local independent shops, national big-box retailers, and various restaurants. The major tenants include Trader Joe s, Ulta Beauty, Nordstrom Rack, Ross, Dick s Sporting Goods, DSW, Old Navy, Tilly s, PacSun, Express, Pottery Barn, Bath & Body Works, Aveda, Victoria s Secret, Pandora, Ann Taylor Loft, Carter s, and Lane Bryant. National food tenants include On the Border, Bonefish Grill and Bia

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