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The coronavirus didn't stop this big real estate deal
News 9 hours ago
The coronavirus didn't stop this big real estate deal

Strategic Properties of North America a 480-unit apartment tower in Streeterville at a time when many real estate investors are taking a hiatus...

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The first downtown weed shops get state approval
News 9 hours ago
The first downtown weed shops get state approval

The state of Illinois has approved the first retail weed shops in River North, awarding licenses to Cresco Labs and MOCA Modern Cannabis. Cresco...

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Why Sears is so vulnerable to COVID-19
News 16 hours ago
Why Sears is so vulnerable to COVID-19

A weakened Sears is facing what looks like its toughest test yet: retail apocalypse. The COVID-19 pandemic is forcing retailers to close and lose...

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Ulta delays Canadian expansion until 2021 due to COVID-19
News 1 day ago
Ulta delays Canadian expansion until 2021 due to COVID-19

The beauty retailer has closed all U. S. locations to prevent the virus from spreading and will also delay expansion north of the border. Ulta...

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When recovery comes, real estate will play a role
News 1 day ago
When recovery comes, real estate will play a role

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Want to listen on your smart speaker? Click here to learn how....

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The latest threat to newspapers' survival
News 2 days ago
The latest threat to newspapers' survival

Community newspapers are feeling the effects of COVID-19 and the widespread quarantine. Throughout the country, retailers have been forced to close...

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Garrett Popcorn Shops sued for alleged food safety violations, retaliatory termination
News 2 days ago
Garrett Popcorn Shops sued for alleged food safety violations, retaliatory termination

An employee says she was fired from the snack company after speaking up about leaky ceilings and employees not washing hands, among other potential...

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Former Jenner & Block chair and other partners hit the exit to open rival office
News 3 days ago
Former Jenner & Block chair and other partners hit the exit to open rival office

Wall Street firm Willkie Farr & Gallagher will start with six lawyers, including Craig Martin, and plans more in its Chicago office debut. Less...

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How high-rise living has transformed Chicago's skyline
News 3 days ago
How high-rise living has transformed Chicago's skyline

The great Chicago apartment boom reshaped the city's skyline with dozens of fancy new high-rises. But it didn't reach the heights of the condo...

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Macy's furloughs most of its 130,000 workers amid store closures
News 4 days ago
Macy's furloughs most of its 130,000 workers amid store closures

The retailer said workers should be expected to be furloughed through May and those who are enrolled in health benefits will continue to receive...

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Maybe it's not the end for Art Van Furniture after all
News 5 days ago
Maybe it's not the end for Art Van Furniture after all

Gary Van Elslander, the former CEO of the furniture retailer founded by his father, is bidding to buy the company's name and trademark out of...

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U of C to aid South Side amid outbreak
News 6 days ago
U of C to aid South Side amid outbreak

The private university said it will provide $2 million in support to neighborhoods grappling with the coronavirus by distributing meals to...

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Chicago's Coolest Home Offices
News 1 week ago
Chicago's Coolest Home Offices

Last week, office workers all across the Chicago area were suddenly thrust into a new working-from-home reality. Whether or not they have...

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Pandemic endangers billions of dollars for Chicago
News 1 week ago
Pandemic endangers billions of dollars for Chicago

The city and community groups have worked to boost 2020 census participation, but COVID-19 is creating a major new hurdle. Brett Chase from the...

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In 2008, Trump used an obscure clause to stave off foreclosure. That idea is likely to catch on.
News 1 week ago
In 2008, Trump used an obscure clause to stave off foreclosure. That idea is likely to catch on.

With his Chicago skyscraper facing foreclosure more than a decade ago, Donald Trump cited "force majeure" in his loan agreement to force his...

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Coronavirus is crippling Chicago's Census outreach
News 1 week ago
Coronavirus is crippling Chicago's Census outreach

The coronavirus is stymying Chicago's efforts to improve its count in the 2020 census, a potentially lasting consequence of the pandemic that could...

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Apartment owners get mortgage relief if they delay evictions
News 1 week ago
Apartment owners get mortgage relief if they delay evictions

The move applies to all Fannie- and Freddie-backed loans in situations where renters can't afford to make their monthly payments due to coronavirus...

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City, state plan to use hotel rooms for quarantine, isolation
News 1 week ago
City, state plan to use hotel rooms for quarantine, isolation

The Illinois Hotel & Lodging Association said more than 12,000 rooms have been identified statewide that can be used, and the number is growing....

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Pritzker looks to freshen up Illinois' corporate come-ons
News 2 weeks ago
Pritzker looks to freshen up Illinois' corporate come-ons

In his five-year economic development plan, Gov. J. B. Pritzker has promised a revamp and potential broadening of Illinois' corporate incentive...

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Businesses get sales tax reprieve
News 2 weeks ago
Businesses get sales tax reprieve

Amid the disruption caused by the spread of COVID-19, the state is allowing a two-month delay for tens of thousands of businesses to pass along...

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Help actually wanted
News 2 weeks ago
Help actually wanted

As companies switch to work from home during the COVID-19 pandemic, they need more tech support. Delivery companies that are resupplying grocery...

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Where are those drive-thru coronavirus tests?
News 2 weeks ago
Where are those drive-thru coronavirus tests?

Retail giants like Walgreens are still finalizing plans nearly one week after President Trump announced parking lot testing at stores. President...

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Hospitality downturn threatens nearly 70,000 low-income Chicagoans
News 2 weeks ago
Hospitality downturn threatens nearly 70,000 low-income Chicagoans

A complete statewide ban of in-person dining at Illinois' restaurants and bars along with plummeting hotel occupancies threaten thousands of...

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Evergreen Plaza shopping center for sale
News 2 weeks ago
Evergreen Plaza shopping center for sale

Its owners are putting the property on the market at an uncertain time, as the economy teeters on the edge of recession due to the coronavirus...

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Feeding America moving, expanding downtown HQ
News 2 weeks ago
Feeding America moving, expanding downtown HQ

One of the country's largest charities is expanding its downtown headquarters and moving it a few blocks away. Nationwide food bank network Feeding...

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Macy's to temporarily close, joining other giant department stores
News 2 weeks ago
Macy's to temporarily close, joining other giant department stores

All the U. S. locations of Macy's, Bloomingdale's and Nordstrom have closed and the companies have said they will provide benefits and compensation...

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McDonald's floats potential rent deferment. Should it do more?
News 2 weeks ago
McDonald's floats potential rent deferment. Should it do more?

A recently retired franchisee says operators need more help than that amid the COVID-19 pandemic. A consultant says an immediate step the company...

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Sears sells logistics company to Costco for $1 billion
News 2 weeks ago
Sears sells logistics company to Costco for $1 billion

Sears is offloading Innovel Solutions, its internal logistics company, to Costco for $1 billion, the company announced today. Innovel Solutions...

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Illinois temporarily allows curbside weed sales for medical patients
News 2 weeks ago
Illinois temporarily allows curbside weed sales for medical patients

Illinois is allowing marijuana dispensaries to provide curbside sales to medical patients to protect them from potential coronavirus infection. A...

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Walgreens, Target, CVS and Walmart to offer drive-thru virus testing
News 3 weeks ago
Walgreens, Target, CVS and Walmart to offer drive-thru virus testing

The White House said Friday that some retail parking lot space will be used for drive-through coronavirus testing. Crain's has lifted the pay wall...

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