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Affordable housing requires a holistic approach
News 2 hours ago
Affordable housing requires a holistic approach

I am a real estate professional frequently dealing with development and cost issues in several areas of the country. I can't help but notice that...

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Pioneers of Loop living list Singer Building condo
News 3 hours ago
Pioneers of Loop living list Singer Building condo

In the mid-1990s the couple, Oak Park empty-nesters, egged on the Hasbrouck family of architects in their restoration of the long-vacant Gothic...

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Fashion retailer Madewell to open in Fulton Market
News 22 hours ago
Fashion retailer Madewell to open in Fulton Market

Women's apparel company Madewell has leased a prominent space in the Fulton Market District within the same building Google once eyed for its first...

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Growing racial and ethnic disparities have costs that will be borne by everybody regardless of color
News 1 day ago
Growing racial and ethnic disparities have costs that will be borne by everybody regardless of color

By now, Chicago's decades-long flight of black residents is well documented. Local think tanks have commissioned studies; reporters have...

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Lowe's taking over huge Sears warehouse in Manteno
News 1 day ago
Lowe's taking over huge Sears warehouse in Manteno

At 1.4 million square feet, the Lowe's deal is the largest Chicago-area industrial lease ever, not including warehouses built for a specific tenant...

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Here are Chicago's 'most endangered' places
News 2 days ago
Here are Chicago's 'most endangered' places

From a gracious old tennis club that became a church on the city's Far North Side to a sprinkling of handsome old remnants of a now-faded shopping...

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Why these West Loop apartments are selling for 'just' $66 million
News 2 days ago
Why these West Loop apartments are selling for 'just' $66 million

The short answer: property taxes. Bracing for a 91 percent tax hike at Monroe Aberdeen Place, Origin Investments is paying a lot less than it...

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How long can pot-resisting towns hold out?
News 2 days ago
How long can pot-resisting towns hold out?

How long will Naperville be content to watch pot buyers cross Route 59 to stock up in Aurora? Will Libertyville tire of seeing neighboring...

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Chicago co-working space to nearly triple by 2023
News 3 days ago
Chicago co-working space to nearly triple by 2023

Co-working giant WeWork is slowing its leasing spree, but the industry it helped supercharge is projected to pick up speed over the next few years....

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Amazon plans big distribution centers in Downers Grove, Palatine
News 3 days ago
Amazon plans big distribution centers in Downers Grove, Palatine

With recent deals in Melrose Park, Bolingbrook and Skokie, the e-commerce colossus is rapidly encircling the city with a network of warehouses as...

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SEC probes owner of Chicago apartments after bond default
News 3 days ago
SEC probes owner of Chicago apartments after bond default

The agency is investigating a non-profit that defaulted on $170 million of municipal bonds issued to finance the acquisition of about 1,800 low...

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Peapod's clients are up for grabs. Who'll get them?
News 1 week ago
Peapod's clients are up for grabs. Who'll get them?

The fight is on to nab the grocery delivery service's 50,000 area customers and plant a stake in the fast-growing part of the industry. Peapod's...

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Where is local business in the drive to get a fair census count?
News 1 week ago
Where is local business in the drive to get a fair census count?

With just weeks to go before Census Day, only a handful of big companies are publicly stepping up on outreach efforts. A bad count means "less...

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Weed real estate buyer NewLake scores Grassroots portfolio for $15.5 million
News 1 week ago
Weed real estate buyer NewLake scores Grassroots portfolio for $15.5 million

The sale-leaseback specialist backed by Al Goldstein and Pete Kadens is reloading after committing the $100 million it raised. NewLake Capital...

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Blackstone buying local warehouses for $400 million
News 1 week ago
Blackstone buying local warehouses for $400 million

Blackstone is paying about $400 million for a portfolio of 27 warehouses in the northern Chicago suburbs and southeast Wisconsin, one of the...

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Once-hot downtown apartment market just warm now
News 1 week ago
Once-hot downtown apartment market just warm now

New data from consulting firm Integra Realty Resources show a market on a sustainable path after an historic building boom that added more than 26...

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McDonald's and Starbucks are developing reusables
News 1 week ago
McDonald's and Starbucks are developing reusables

Those two chains alone blow through billions of paper cups a year, and most are coated with a plastic lining that makes them almost impossible to...

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Let's make sure Opportunity Zone investments benefit distressed areas
News 1 week ago
Let's make sure Opportunity Zone investments benefit distressed areas

If poor communities aren't lifted up, investments in them won't increase in value and the intent of the law will be frustrated. Will the benefits...

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Why Bolingbrook's 'no' spells trouble for Amazon
News 1 week ago
Why Bolingbrook's 'no' spells trouble for Amazon

One powerful mayor's resistance to a plan for a new distribution center in his town signals there's a limit to municipal appetites for more...

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Macy's cut to junk by S&P over doubts turnaround plan will work
News 1 week ago
Macy's cut to junk by S&P over doubts turnaround plan will work

While department stores have struggled in the era of online shopping, S&P said that Macy's has "unique challenges" among its large national...

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Our most-viewed real estate stories last week
News 1 week ago
Our most-viewed real estate stories last week

News involving Amazon tops our list of the most-read real estate stories on ChicagoBusiness.com last week. The top five from Feb. 9-15 were: 1. 2....

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The 78 is a project we should all get behind
News 1 week ago
The 78 is a project we should all get behind

For more than 40 years, a vast swath of vacant land south of Roosevelt Road has epitomized the two Chicagos. The empty 62-acre site where the...

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What $1.5 million buys, teaching kids about real estate, and more
News 2 weeks ago
What $1.5 million buys, teaching kids about real estate, and more

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. Local...

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Developer pitches Far South Side cannabis cultivation center
News 2 weeks ago
Developer pitches Far South Side cannabis cultivation center

DL3 Realty seeks to set up a marijuana growing operation near Pullman. It could be the city's first, if it clears the right government hurdles....

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1,500 Amazon jobs? No thanks, says Bolingbrook mayor
News 2 weeks ago
1,500 Amazon jobs? No thanks, says Bolingbrook mayor

Amazon wants to build an 825,000-square-foot fulfillment center in Bolingbrook that would employ 1,500 people. "I told them I wouldn't support it...

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Peapod's Midwest exit demonstrates lasting power of brick-and-mortar
News 2 weeks ago
Peapod's Midwest exit demonstrates lasting power of brick-and-mortar

A Chicago tech success story is abandoning its native home as companies like Instacart and Amazon provide what it couldn't here. Peapod was a novel...

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Video gambling magnate sues Illinois Gaming Board
News 2 weeks ago
Video gambling magnate sues Illinois Gaming Board

Rick Heidner and his firm, Gold Rush Amusements, are suing for $4 million, claiming a gaming board employee leaked private financial and personal...

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‘Once-in-a-generation’ South Loop project gets boost from Pritzker with $500M funding move
News 2 weeks ago
‘Once-in-a-generation’ South Loop project gets boost from Pritzker with $500M funding move

The governor now says he will release the long-awaited funding that will kick-start development of the University of Illinois' Discovery Partners...

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'Once-in-a-generation' South Loop project gets $500M boost from Pritzker
News 2 weeks ago
'Once-in-a-generation' South Loop project gets $500M boost from Pritzker

The governor now says he will release the long-awaited funding that will kick-start development of the University of Illinois' Discovery Partners...

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Here's what Pritzker & Co. won't do—but should—to fix Illinois' tax mess
News 2 weeks ago
Here's what Pritzker & Co. won't do—but should—to fix Illinois' tax mess

All our elected officials seem willing to offer are half-measures hemmed in by political calculation as Illinois sinks into economic stagnation....

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