9 Local News

LOCAL NEWS

By: Encounter Staff

NWCSRA Program for Special Needs Athletes

Photo: Northen Will County Special Recreation Association The world is becoming a more diverse and open-minded place; especially in the world of sports. Athletes are not stereotypical jocks from high school anymore, today they come in all shapes and sizes.

Everyone can be welcomed into the sports world because of places like Northern Will County Special Recreation Association (NWCSRA), a local organization with partnerships with the Bolingbrook, Plainfield, Romeoville and Lockport Park Districts. NWCSRA’s main goal is to get people with special needs to have a part in their community through various programs, most of them having to do with sports.

Although the games do appear to be friendly and fun, they are competitive. If athletes and/or teams place first in a competition, they will represent their community in the State Special Olympics. From there they have a chance to make it big and get their name in the shining lights, as it can be anyone's game.

Experience Beatlemania with The Fab Four

The Fab Four is coming to the Rialto Square Theatre on Wednesday, October 5, 2022, to perform “The Ultimate Beatles Tribute.”

The Emmy Award-winning Fab Four is a tribute act known for wowing audiences across the United States and worldwide for over two decades with its fantastic homage to the Beatles.

With uncanny and noteperfect live renditions of songs such as "Hey Jude," "Twist and Shout," "Here Comes the Sun" and much more. The Fab Four presents a simply stunning portrayal of the Beatles.

Tickets are on sale now on the Rialto Square Theatre website. The prices for various sections are $52.50, $42.50 and $32.50.

For more information on The Fab Four, visit www. thefabfour.com.

Whirlpool Warehouse: The Biggest Sale in the Chicago Area

On September 6, 2022, the owner of a Whirlpool distribution center in Joliet sold its property, which, as of now, made the biggest sale of a Chicago-area industrial building this year.

According to www.chicagobusiness. com, the one-million-square-foot warehouse situated at 3851 Young Road in Channahon was sold for $104.4 million to Bank of America.

Whirlpool Corporation is a business providing services in the field of storage and moved into space in 2015. Whirlpool bought the building in 2018 for $71.5 million, showing an increase of almost 50% in the price. If today’s prices are high, it is mostly due to a booming logistic market and the rise of e-commerce, according to www.rejournals.com.

The selling price of the warehouse has surpassed the $102.5 million sale in Channahon by Denver-based Ares Industrial Real Estate that happened a few months ago.

Based on research by Colliers, an investment management company, warehouse values have increased along with the decrease of the local vacancy rate which reached 4.58% in Q2, the tax quarter of the year that includes the months of April, May and June. Moreover, this price rise is also due to the rise in rents as well as businesses that continue to invest in the market, according to www.chicagobusiness.com.

However, in the last couple of months, the market’s momentum has slowed down with rising inflation and supply chain issues. Despite COVID-19 impacting the world economy, the U.S market values have increased by 39% since the onset of COVID-19, as stated by www.chicagobusiness.com.

The sale of the warehouse property by Whirpool highlights the rise of prices in the real estate market but also shows the strength of the industrial real estate market over the past several years.

Photo: www.chicagobusiness.com