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Firecakes Donuts closes in downtown Naperville while Epic Burger opens its ninth Chicago-area location

After a three-year stint downtown, Firecakes Donuts has apparently closed its doors just as fellow local chain Epic Burger sets up shop across town. ....

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Marcus & Millichap closes sale of retail center in Northwest Indiana – REJournals

Marcus & Millichap closes sale of retail center in Northwest Indiana – REJournals
rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.

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What restaurant, grocery chains do people want to come to Peoria, IL

Peoria residents love these restaurant and grocery chains, but most of them are in Chicago, St. Louis or beyond. That includes Trader Joe s. ....

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Meatheads, lender LQD Financial Corp. resolve bankruptcy dispute

LQD, which is listed in the bankruptcy filing as being owed $6.65 million by Crave Brands, had alleged that the filings were “a stunt Crave’s former manager pulled to stay in charge,” among other alleged improprieties that LQD claimed should invalidate the case.
Chicago-based Meatheads, which operates the 13-unit fast-casual Meatheads Burgers & Fries concept, said in a statement provided to Nation’s Restaurant News on Friday that it has since held “several discussions” with LQD and that it expects to propose a plan of reorganization in the next 30 days.
The Meatheads and Crave Brands bankruptcy petitions were both signed by Steve Karfaridis, manager, who LQD had alleged did not have the authority to file the bankruptcy because he had been replaced as manager before the filing. LQD said it had replaced Karfaridis with Robert Handler, who LQD had contended remains the current manager and did not authorize the bankruptcy filing. ....

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Meatheads Burgers & Fries Files for Bankruptcy

The fast casual s lender said the case was improperly filed by the former manager.
Meatheads Burgers & Fries
Lender LQD Financial Corp. said that if the bankruptcy case is dismissed, it will sell the assets to a “well-known and reputable new operator.
Illinois concept Meatheads Burgers & Fries declared bankruptcy, but lender LQD Financial Corp. is calling it a “stunt” and asking for it to be dismissed.
The 13-unit Meatheads and parent company Crave Brands were placed into bankruptcy by Steve Karfaridis. LQD alleges in a separate filing that after the company went into default, LQD exercised certain rights to remove Karfaridis as manager, and that he turned to bankruptcy as a way to stay in charge. ....

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