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Ventas cuts jobs, executive pay amid COVID crisis
News 2 hours ago
Ventas cuts jobs, executive pay amid COVID crisis

Ventas is making drastic cuts to its workforce and reducing pay for its top executives in a move to shore up its balance sheet as the coronavirus...

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Loan trouble ahead for Gurnee Mills, Yorktown Center?
News 4 hours ago
Loan trouble ahead for Gurnee Mills, Yorktown Center?

The owners of the two properties have missed payments due in May as mall owners across the country face a severe crisis, with many retail tenants...

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City’s 'flashiest attorney' lists his Park Tower condo
News 4 hours ago
City’s 'flashiest attorney' lists his Park Tower condo

Stuart Goldberg, a criminal defense attorney known for $5,000 suits, being chauffeured to court in a Rolls Royce and claiming Oprah Winfrey wanted...

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Tuesday Morning files for bankruptcy, adding to retail toll
News 6 hours ago
Tuesday Morning files for bankruptcy, adding to retail toll

Have something to get off your chest? You can send us an email. Or tell us on our Facebook page or on Twitter, @CrainsChicago. Morning 10 - Need-to...

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South Side hospital merger off • City to expand contact tracing • Preckwinkle nixes sharing COVID-positive addresses
News 12 hours ago
South Side hospital merger off • City to expand contact tracing • Preckwinkle nixes sharing COVID-positive addresses

SAFETY-NET HOSPITALS' COMBINATION CALLED OFF: There is "no path forward" for the merger of four financially struggling South Side hospitals, the...

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Orchestra leader Stanley Paul selling Old Town penthouse
News 5 days ago
Orchestra leader Stanley Paul selling Old Town penthouse

Orchestra leader Stanley Paul, a fixture on Chicago's social scene since his mid-1960s stint performing at the Pump Room alongside visiting...

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Behind on the mortgage? You're not alone.
News 6 days ago
Behind on the mortgage? You're not alone.

But among the ten largest metro areas in the country, Chicago had one of the smallest increases in delinquent mortgages going into May, according...

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More Chicago condos morphing into apartments
News 6 days ago
More Chicago condos morphing into apartments

A 90-unit condo building in Edgewater has sold for $13.3 million, while a 70-unit tower in Old Town has hit the market with an asking price of $21...

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Downtown office boom takes a big step southwest
News 6 days ago
Downtown office boom takes a big step southwest

The parent company of Blue Cross & Blue Shield of Illinois is set to open a big new office in Pilsen, giving one of the most prominent...

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Aldermen clear Tribune Tower East, slated to be the city's second-tallest
News 1 week ago
Aldermen clear Tribune Tower East, slated to be the city's second-tallest

Chicago-based Golub and Los Angeles-based CIM Group's proposal for a 113-story, 1,442-foot tall hotel and residential skyscraper would be the...

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Weed greenhouse proposed in Austin
News 1 week ago
Weed greenhouse proposed in Austin

A Wheaton lighting and electrical company is seeking the city's permission for a small marijuana cultivation center in a warehouse under...

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Redevelopment pitched for warehouse near Six Corners
News 1 week ago
Redevelopment pitched for warehouse near Six Corners

A Chicago developer wants to give new life to a former plastics factory on the Northwest Side in its latest bet near the Six Corners intersection...

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Chicago apartment landlords holding up so far
News 1 week ago
Chicago apartment landlords holding up so far

Rent collections haven't fallen as much as many feared, an early sign local landlords could pull through the crisis with some bruises, but not...

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These new Bridgeport townhouses have two water views
News 1 week ago
These new Bridgeport townhouses have two water views

The homes are the latest phase of a 91-unit housing development in a somewhat hidden area at the confluence of the South Branch of the Chicago...

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These new Bridgeport townhouses have water views
News 1 week ago
These new Bridgeport townhouses have water views

The homes are the latest phase of a 91-unit housing development in a somewhat hidden area at the confluence of the South Branch of the Chicago...

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Latest phase of Bridgeport housing development opens
News 1 week ago
Latest phase of Bridgeport housing development opens

Riverfront townhouses-part of a 91-unit development where the South Branch of the Chicago River and Bubbly Creek meet-are on the market. Townhouses...

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Pier 1, its sale scotched by the pandemic, is closing for good
News 1 week ago
Pier 1, its sale scotched by the pandemic, is closing for good

Have something to get off your chest? You can send us an email. Or tell us on our Facebook page or on Twitter, @CrainsChicago. Morning 10 - Need-to...

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JW Marriott Chicago faces potential loan trouble
News 1 week ago
JW Marriott Chicago faces potential loan trouble

The owner of JW Marriott Chicago could be in danger of defaulting on the Loop hotel's loan, one of many downtown properties in dire financial...

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2 former Logan Square religious buildings becoming apartments
News 1 week ago
2 former Logan Square religious buildings becoming apartments

Work has begun on building 15 apartments in this historical Presbyterian church on Humboldt Boulevard and a new structure to be built to its south ...

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J.C. Penney plans to close 29% of stores
News 1 week ago
J.C. Penney plans to close 29% of stores

The retailer will reduce its store count to about 604, down from the 846 it currently has across the U.S, according to a company filing on Monday....

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The city is suddenly flooded with unwanted office space
News 1 week ago
The city is suddenly flooded with unwanted office space

More tenants are looking to unload square footage they no longer need-an imminent threat to downtown landlords that just capped off their best year...

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This Fulton Market HQ just set a price record
News 1 week ago
This Fulton Market HQ just set a price record

A German investor bought the new downtown home of Oreo maker Mondelez, surpassing a high price mark for the city set nearby just last year. It's...

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This Chicago architect is on a list of the world’s edgiest
News 1 week ago
This Chicago architect is on a list of the world’s edgiest

Architectural Record's list of 10 architects at the vanguard of design in 2020 includes Vladimir Radutny, who heads a three-person River North firm...

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A new COVID low for downtown hotel rates
News 1 week ago
A new COVID low for downtown hotel rates

The owner of the Hyatt Centric Downtown Magnificent Mile reported a net loss of $1.5 million at the property in March. Things aren't getting much...

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Brookfield sitting on $60 billion to help weather pandemic
News 1 week ago
Brookfield sitting on $60 billion to help weather pandemic

"In reflecting on what really matters to our business, it is liquidity, liquidity and liquidity, in that order," CEO Bruce Flatt wrote to...

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McDonald's ups its marketing spending to accelerate chain's recovery
News 2 weeks ago
McDonald's ups its marketing spending to accelerate chain's recovery

McDonald's is significantly boosting its marketing spending in an attempt to accelerate recovery during the coronavirus pandemic, turning up the...

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The politics and finances of reopening
News 2 weeks ago
The politics and finances of reopening

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. As...

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Shriver Center names new chief
News 2 weeks ago
Shriver Center names new chief

The Shriver Center on Poverty Law has named a new CEO: Audra Wilson, a politically plugged-in alum of the public interest firm and most recently...

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Pritzker threatens consequences for early reopeners
News 2 weeks ago
Pritzker threatens consequences for early reopeners

To communities downstate that are opening on their own, the governor warns of regulatory action or losing out on federal recovery funds. "You weren...

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Quarantined Chicagoans give farm delivery services a boost
News 2 weeks ago
Quarantined Chicagoans give farm delivery services a boost

As the food supply chain struggles to overcome COVID-19 outbreaks, Illinois farmers are bypassing farmers markets and selling direct to consumers....

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