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Downtown hotels now catering to a day-stay clientele
Facing a surge of new competition that's hampered bottom-line growth, more Chicago hotels are offering day stays-despite the "no-tell motel" vibes...
What politicians are getting wrong about the 606 gentrification
The City Council approved a slightly scaled back ordinance that blocks demolition for six months along a stretch of the 606 trail that is seen as...
For property tax relief, reduce the cost of local government
Illinois is an outlier when it comes to the number of local governments it has and the property tax burden it places on residents compared to other...
What you shouldn’t read into that late-year bump in home sales
The Chicago-area housing market showed a little life at the end of 2019, as single-family homes traded at a more vigorous pace than they have in a...
Pinball exec and major Northwestern donor lists Water Tower condo
Judd Weinberg, who built his in-laws' Chicago pinball machine company into a market leader and who is one of the eponyms of Northwestern University...
City loosens rules to help small businesses
Applications are being accepted for the latest round of Neighborhood Opportunity Fund grants, with $10 million up for grabs and more money upfront...
Fulton Market developer Shapack buys another site
The developer that sold a new Fulton Market office building for a record price per square foot has picked up another property in the popular...
Last week's most-viewed real estate stories
New construction projects are forecast to fall 10 percent this year-the biggest drop since the Great Recession. That news tops our list of the most...
'High Times' getting into retail pot business
High Times, the nearly 50 year old bible of weed, is piling onto the legal green rush. The media company, which publishes its monthly magazine out...
Illinois’ problem isn’t the form of taxation, it’s the level
This is a response to Joe Cahill's column that discusses how, "paradoxically, high property taxes depress house prices while driving up the cost of...
This store formally declares what it's actually been for years
The Seminary Co-op Bookstores haven't turned a profit since the early 1990s. But making money was never really the point at this legendary literary...
Advocate closing 7 Walgreens clinics
The largest Chicago-area physicians group is closing immediate care clinics at seven pharmacies due to "unsustainable" patient volumes. Advocate...
What will it take for pols to get serious about our property tax pain?
Out-of-control property taxes pose an immediate and serious threat to Illinois' entire economy. You wouldn't know it from the way our elected...
Aldermen pitch pared-down 606 gentrification compromise
After strong pushback from Mayor Lori Lightfoot about its legality, two aldermen whose wards include portions of the popular 606 trail have...
Assessments are just one part of the formula; tax rates are the other
You're missing half the point. Assessments are one part, the tax rates are the other part of the formula ("Why some landlords shouldn't gripe too...
Kate Van Etten becomes Crain's associate publisher
The veteran advertising sales executive will continue to oversee advertising revenue and will expand her work on new product development,...
Here's another way pot license winners could lose
Marijuana companies are playing a high-stakes game of real estate chicken as they jockey for position in what's seen as the most lucrative piece of...
Not even Amazon or the Olsen Twins can save Kohl's
Kohl's Corp.'s holiday season sales miss suggests even the most promising turnaround strategies won't be enough to save department stores. Shares...
From Jose Andres and Gibsons
The humanitarian and celebrity chef is teaming up with a Chicago stalwart to lease substantial space in a massive, 55-story skyscraper under...
Goodbye, Illinois. Hello . . . where?
The state, along with California and New York, has seen an exodus. But it's not all to Texas and it's not all about taxes, writes Justin Fox of...
Weed shops don't have enough employees, either
Everyone who works in a newly legalized pot store must undergo a state background check. And that's putting a pinch on hiring. Perhaps the only...
Macy's plans to close more stores
Macy's also said it will close 28 namesake stores and one Bloomingdale's in the coming weeks, while reducing some headcount at Bloomingdale's. Macy...
Vienna Beef moving HQ to Near West Side
The hot dog maker is heading to the Kinzie Industrial Corridor after almost five decades along the North Branch of the Chicago River. Vienna Beef's...
Marina slated for Navy Pier
A commercial real estate developer who loves boating is behind a permanent marina set to open next year at Navy Pier. The roughly $9 million Navy...
Look for a court challenge to that controversial ComEd ruling
Illinois Attorney General Kwame Raoul is fighting the Illinois Commerce Commission's recent decision giving the utility 38 years to fully refund ...
City nabbing land near Obama Presidential Center
The city of Chicago asked one of its housing partners to nab land up for auction in Woodlawn, not far from the site, "to make sure it could ensure...
Can Lightfoot expand Chicago's jobs pie while dividing it differently?
An inside look at the numbers and philosophy behind Lightfoot's new economic development strategy. One hint: It's different from her predecessor's...
Sales slipped on day 2 of legal weed
The supply of marijuana is holding up better than the supply of retail workers. Cresco Labs shops will be closed January 6 to give a break to...
Why some landlords shouldn't gripe too much about the assessor's new math
Crain's research contradicts the popular narrative that Fritz Kaegi's office has overshot the market with its recent assessments. Here are the...
Congestion tax only during ‘peak hours' and ‘downtown'? Not quite.
I understand that the mayor wants to spin the congestion tax as being on rides only during "peak hours" "downtown," but Crain's doesn't have to...