Art Van Elslander is pictured at his company’s Downers Grove, Ill., store. Each WEICHERT® franchised office is independently owned and operated. Climate risk data is provided for informational purposes only by Flood Factor™ and ClimateCheck®. Historically, about 1% of the land within 100 miles of Woodward Ave burns in a year. Historically, Woodward Ave experiences 8 hot days a year.

Van Elslander Capital is now in the midst of assembling a team, said Diane Wells, who was assistant to the chairman at Art Van Furniture and is now his chief of staff. Terms of the deal were not released, but a Crain’s analysis of comparable deals put the value of the sale around $550 million. While the investment company’s focus isn’t your consulting firm has been hired by a small business to implement a wireless network yet final, Van Elslander has a soft spot for entrepreneurs and helping make “their dreams come true,” he said, as his did when he founded Art Van Furniture 58 years ago as a one-man operation on Gratiot Avenue in Detroit. He’s launched a new, for-profit company, Van Elslander Capital LLC, to make targeted investments and acquisitions.

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Heat risk is calculated using the typical number of extremely hot days expected in the future. An “extremely hot day” has a high temperature that normally happens only on the hottest 8 days of the year, during the baseline period from 1981 to 2005. The foundation plans to launch a website soon, Wells said. It will primarily continue to support needs that have always been important to Van Elslander within his home state of Michigan and related to children, health and human services. The family foundation is about legacy; the new foundation “is about future philanthropy, which may take a different direction than the Family Foundation, Wells said.

Constituent Feedback and Listening Practice data are not available for this organization. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. The 11,000-square-foot building’s second floor will house the offices of Van Elslander Capital and the A.A. Van Elslander Foundation, organizations he founded last fall. The ground floor of the new building, designed by Saroki Architecture in Birmingham, will be home to retail when it’s completed a year from this spring.