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How COVID is creating opportunity in the burbs
News 2 days ago
How COVID is creating opportunity in the burbs

Naperville Development Partnership President Christine Jeffries, left, is trying to help landlords like Franklin Partners' Ray Warner attract new...

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Why local school districts are lining up against Fritz Kaegi
News 2 days ago
Why local school districts are lining up against Fritz Kaegi

Many commercial landlords say the Cook County assessor has inflated the value of their properties. Worried they'll be on the hook for big tax...

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Crate & Barrel losing 3rd CEO in 6 years
News 3 days ago
Crate & Barrel losing 3rd CEO in 6 years

There seems to be a sell-by date on Crate & Barrel Holdings CEOs. Neela Montgomery is leaving the Northbrook-based housewares retailer three years...

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Amazon facility sells for a record $176 million
News 3 days ago
Amazon facility sells for a record $176 million

Private-equity firm KKR has paid $176 million for a massive Amazon fulfillment center in Kenosha, the highest price ever paid for a single...

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Sam Zell is ready for a big distressed real estate deal
News 5 days ago
Sam Zell is ready for a big distressed real estate deal

The billionaire investor tells why it could be another three or four months before his office company buys something. And why he thinks the...

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Weed Street will live up to its name
News 5 days ago
Weed Street will live up to its name

Windy City Cannabis is opening a marijuana shop July 1 at 923 W. Weed St. in Lincoln Park. It's the second new cannabis store to open in the city...

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Downtown apartment market slumps, but it could be worse
News 1 week ago
Downtown apartment market slumps, but it could be worse

Rents and occupancies at top-tier downtown buildings have fallen, but "it looks like we're not going to get into a big wreck," a consultant says....

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Only state lawmakers can change the property tax system
News 1 week ago
Only state lawmakers can change the property tax system

A body blow to north suburban commercial landlords, the property tax bills now landing in mailboxes should be a wake-up call to Gov. J. B. Pritzker...

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Big short on malls is the only distressed game in town
News 1 week ago
Big short on malls is the only distressed game in town

It will be telling if billionaire Sam Zell, who invests in troubled real estate, has changed his tune since early May, when he was content to sit...

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Ultra-luxe Lake Forest apartments sell for $54 million
News 1 week ago
Ultra-luxe Lake Forest apartments sell for $54 million

With wealthy renters-the average tenant makes about $320,000 a year-Kelmscott Park offers a safety that appeals to investors during a turbulent...

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Here's how the business community is helping the mayor
News 2 weeks ago
Here's how the business community is helping the mayor

In this week's letters, the co-chairs of Chicago's COVID-19 Recovery Task Force respond to Crain's editorial, and the president of UIC's Student...

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Lightfoot promises no more secret City Council meetings
News 2 weeks ago
Lightfoot promises no more secret City Council meetings

Emails signal the city has "discontinued" unannounced internet sessions that a watchdog group says violated the open-meetings law. It looks like...

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Here are the city's highest commercial property tax bills
News 2 weeks ago
Here are the city's highest commercial property tax bills

Downtown commercial property owners won't feel the tax impact of Cook County Assessor Fritz Kaegi's new valuation system for a couple more years....

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After $55 million debt default, South Side apartments land in bankruptcy
News 2 weeks ago
After $55 million debt default, South Side apartments land in bankruptcy

After an Ohio housing non-profit acquired 45 apartment buildings on Chicago's South Side, it gave the portfolio what turned out to be a prophetic...

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Chicago could yank tax breaks from bad corporate actors under proposed ordinance
News 2 weeks ago
Chicago could yank tax breaks from bad corporate actors under proposed ordinance

The measure would allow the City Council to revoke lucrative tax incentives if companies fall behind on property tax payments or fail to meet...

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Chicago buildings commissioner exiting City Hall
News 2 weeks ago
Chicago buildings commissioner exiting City Hall

Judy Frydland, who is retiring, modernized the building code. She also became associated with the botched, dust-spewing demolition of Crawford...

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Chicago sues Trump administration for failing to open Obamacare enrollment
News 2 weeks ago
Chicago sues Trump administration for failing to open Obamacare enrollment

The lawsuit alleges that preventing people without health insurance from enrolling in ACA plans strains the city's resources "at a time when...

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Lightfoot moves to slow eviction of renters hurt by pandemic
News 2 weeks ago
Lightfoot moves to slow eviction of renters hurt by pandemic

Aldermen have been divided over whether city efforts to address COVID are helping renters or landlords more. Housing officials say it's a delicate...

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Let the business community help, mayor
News 3 weeks ago
Let the business community help, mayor

Business leaders understand there's still pain ahead for all of us. What they want to hear, however, is a plan for digging us out of the hole we're...

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City proposes speeding up, reducing costs for sidewalk permits
News 3 weeks ago
City proposes speeding up, reducing costs for sidewalk permits

In an effort to help restaurants just getting back on their feet after weeks of COVID-19 shutdowns, Mayor Lori Lightfoot's administration is...

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Chicago to give $1,000 to undocumented immigrants, others left out of federal stimulus
News 3 weeks ago
Chicago to give $1,000 to undocumented immigrants, others left out of federal stimulus

Up to 5,000 Chicagoans left out of federal stimulus programs-including undocumented individuals, mixed-status families, college students and people...

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Commercial real estate has another public health problem
News 3 weeks ago
Commercial real estate has another public health problem

Because of stay-at-home orders, building water systems and the municipal supply lines that feed them have experienced dramatically reduced flow,...

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It may not be safe to return to the office—but not for the reason you think
News 3 weeks ago
It may not be safe to return to the office—but not for the reason you think

Because of stay-at-home orders, building water systems and the municipal supply lines that feed them have experienced dramatically reduced flow,...

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Can this shopping center owner come back from the COVID crash?
News 1 month ago
Can this shopping center owner come back from the COVID crash?

Stores and restaurants are reopening as state and local governments ease restrictions to curb the spread of the coronavirus. That could ease some...

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Here's more on those alfresco dining districts
News 1 month ago
Here's more on those alfresco dining districts

The city has received over 800 applications for sidewalk café permits in 2020, including nearly 400 since March. The six corridors will have closed...

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Kaegi to cut assessments on homes, condos by 8 to 12 percent
News 1 month ago
Kaegi to cut assessments on homes, condos by 8 to 12 percent

The Cook County Assessor has unveiled his plan to reduce the tax burden on most residential and commercial properties to account for the...

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Downtown's first retail marijuana store is about to debut
News 1 month ago
Downtown's first retail marijuana store is about to debut

Cresco Labs is opening two new retail marijuana stores this week. Its store at 436 N. Clark St., which is the first retail marijuana shop in...

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Chicago offers more guidance on business reopenings
News 1 month ago
Chicago offers more guidance on business reopenings

While the exact reopening day is uncertain, the city of Chicago is releasing its own guidelines for businesses to further crack open their doors in...

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Chicago has more guidance on business reopenings
News 1 month ago
Chicago has more guidance on business reopenings

While the exact reopening day is uncertain, the city of Chicago is releasing its own guidelines for businesses to further crack open their doors in...

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Local commercial property sales plunge in April
News 1 month ago
Local commercial property sales plunge in April

The 62 percent drop reflects a big pricing disconnect between buyers and sellers that isn't likely to be resolved anytime soon. Sales of Chicago...

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