Business

Business

China's annual shopping frenzy shatters records again

SHANGHAI (AP) — Online shoppers in China have shattered last year's record by making $30.8 billion in sales on the country's annual buying frenzy Sunday, as the tradition marked its 10th year.

The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day.

Latest El Toro to open in January at Carle at the Fields

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The Mexican restaurant El Toro hopes to open at Carle at the Fields in January.

“We are just starting the buildout of the El Toro space,” said Chris Saunders, owner of Green Street Realty.

Business listings, Nov. 11, 2018

These applications for assumed business names were filed with the Champaign County Clerk's Office:

Granny's Daycare, 4809 W. Windsor Road, G4, C, Robin Ferraro, same address.

Healin from the Soul, 1102 N. Third St., C, Gwendolyn James, same address.

Life's Little Treasure's $5 Jewelry, 611 N. Fourth St., C, Tasha Hughes, same address.

Wired In: Tanay Vardhan

Each week, staff writer Paul Wood talks with a different high-tech difference-maker. This week, meet TANAY VARDHAN, a University of Illinois senior pursuing a degree in aerospace engineering with a minor in computer science. He's passionate about web development and working on a startup called Turkbox.

Tell us about Turkbox.

Building permits, Nov. 11, 2018

Listed are permits for all new single-family and multifamily residences as well as commercial and industrial work and residential remodeling costing over $25,000. Permits are listed by applicant, description, site and cost.

Champaign

Sub 4 Development Co. LLC, new four-story retail/multifamily residence building at 3302 Mission Drive, $5,550,261.

Just Askin' | Leftover pumpkins

Q: What's done with all those leftover pumpkins?

A: At Curtis Orchard in southwest Champaign, they're used as fertilizer.

"We put them out in the patch, and some will become pumpkins for next year," said Kelsey Jestis, a manager at Curtis Orchard.

She said there's still some pumpkins for sale, though.

Fields of plenty: Carle's development has southwest Champaign thriving

CHAMPAIGN — Since employees moved into the Carle at the Fields development in April, the parking lots are full, a new hotel has opened and a day care nearby is filling up.

Across the street from the 300,000-square-foot Health Alliance building, the Hampton Inn opened Sept. 28 and has already experienced a couple sold-out nights.

Meredith Corp. selling Fortune brand for $150M to Thai businessman's firm

NEW YORK (AP) — Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group.

The deal, subject to regulatory approval, is expected to close by the end of the year. Meredith said Friday it will use the proceeds to pay down debt.

Latest deal for Urbana's Landmark Hotel falls through

URBANA — The back-up bidder for the Landmark Hotel has backed out.

After selling for $1.3 million in an auction this September, the top bidder failed to put a deposit down.

So it went to the second-place bidder of $1.2 million, who the property's broker, Rick George, said had experience in historic preservation.

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