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Where is commercial real estate headed?
News 2 weeks ago
Where is commercial real estate headed?

In a special on-location edition of Crain's Daily Gist at Chicago Cut, host Amy Guth and Crain's senior real estate reporter Alby Gallun chat with...

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Will this Helmut Jahn tower get built?
News 2 weeks ago
Will this Helmut Jahn tower get built?

A ceremonial groundbreaking takes place today at 1000 S. Michigan Ave. for the 74-story condo tower the architect designed. The start of actual...

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Why Lakeview's housing market suffers
News 2 weeks ago
Why Lakeview's housing market suffers

Lower sales and prices are hitting one North Side neighborhood especially hard. Crain's residential real estate reporter Dennis Rodkin also has...

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Will Springfield help Chicago meet its budget? Aldermen are wary.
News 2 weeks ago
Will Springfield help Chicago meet its budget? Aldermen are wary.

Council members say optimism over Mayor Lightfoot's 2020 budget could crash if Chicago doesn't get at least one of its two big asks out of the...

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Northern Trust continues to look east with Philadelphia expansion
News 2 weeks ago
Northern Trust continues to look east with Philadelphia expansion

Northern Trust has entered the Philadelphia market with a new office downtown, marking the latest in a series of moves aimed at penetrating the...

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Lightfoot's budget has no big property tax hike—for now
News 2 weeks ago
Lightfoot's budget has no big property tax hike—for now

UPDATE, 1:45 P. M.: In her speech, Lightfoot said that "this year's additional TIF surplus to the city is $31.4 million." Background papers given...

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Falling vacancies brighten gloomy outlook for retail landlords
News 2 weeks ago
Falling vacancies brighten gloomy outlook for retail landlords

After rising to recessionary levels, the Chicago-area retail vacancy rate has fallen for the second straight quarter, a positive sign for a market...

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An only-in-Chicago home, for $585,000
News 2 weeks ago
An only-in-Chicago home, for $585,000

Living on the 58th floor of Marina Towers, with a view out from its rounded balconies to the river, the lake and the skyline, is quintessentially...

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Offices you'd want to work in
News 2 weeks ago
Offices you'd want to work in

Crain's contributor Jackie Bender talks to host Amy Guth about the winners of our annual Coolest Offices feature, which recognizes new, well...

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Remember Peotone? Pritzker wants to spend $206 million on it
News 2 weeks ago
Remember Peotone? Pritzker wants to spend $206 million on it

Tucked into the governor's big new transportation plan is spending to build roads through what are now farm fields, to access an airport that may...

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Developer in downtown tower project looks to cash out
News 2 weeks ago
Developer in downtown tower project looks to cash out

Howard Hughes is putting its stake in the new skyscraper under construction at 110 N. Wacker Drive up for sale amid a big corporate shift. One of...

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Lightfoot to shift $750 million to South and West sides
News 3 weeks ago
Lightfoot to shift $750 million to South and West sides

Mayor Lori Lightfoot just revealed part of an economic plan to reinvest in neighborhoods outside the Loop that she says have been left to languish....

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City property tax rates catching up with suburbs
News 3 weeks ago
City property tax rates catching up with suburbs

City homeowners have long benefited from a huge stock of commercial property carrying a disproportionate share of the tax load. But rising taxes...

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Illinois Housing Development Authority names new chief
News 3 weeks ago
Illinois Housing Development Authority names new chief

Affordable-housing expert Kristin Faust has been tapped to become the head of the Illinois Housing Development Authority. Faust, president of the...

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State names new affordable-housing chief
News 3 weeks ago
State names new affordable-housing chief

Kristin Faust, president of Neighborhood Housing Services of Chicago, will be the executive director of the Illinois Housing Development Authority....

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The Chicago area's largest commercial building sales 2019
News 3 weeks ago
The Chicago area's largest commercial building sales 2019

Most of the deals on Crain's 2019 list of largest commercial building sales involve buildings in Chicago proper, but to reach our No. 1, the Grand...

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Tap the brakes on the new property assessment model
News 3 weeks ago
Tap the brakes on the new property assessment model

Across the board, indicators show Chicago's commercial economy is trending sharply downward. Investment is frozen, leaving construction projects...

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This hot downtown condo building just got hotter
News 3 weeks ago
This hot downtown condo building just got hotter

A penthouse at Hayden West Loop, a new downtown condo building, sold for more than $4 million, a day after Crain's reported on the first such sale...

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This No. 9 Walton condo flip was a flop
News 3 weeks ago
This No. 9 Walton condo flip was a flop

The sellers originally listed the brand-new unit at a price that would have brought them about $4.8 million profit. In the end, they sold for $8.2...

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Owners of Gold Coast condo tower approve $44 million sale
News 3 weeks ago
Owners of Gold Coast condo tower approve $44 million sale

The 163-unit high-rise at 21 E. Chestnut St. joins a growing list of Chicago condo buildings to sell out to developers that bring them under a...

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Old Post Office developer eyes another big turnaround project
News 3 weeks ago
Old Post Office developer eyes another big turnaround project

As it prepares to welcome tenants to the Old Post Office after an $800 million-plus overhaul, developer 601W has lined up another big project just...

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In the West Loop condo market, another multimillion-dollar hit
News 3 weeks ago
In the West Loop condo market, another multimillion-dollar hit

An eighth-floor penthouse in a new building on Washington Street sold for $4 million. In this single building, nearly as many condos have sold at ...

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Secluded, but with a view of the Hancock
News 3 weeks ago
Secluded, but with a view of the Hancock

The Italian owner of a design firm and four showrooms designed this condo for his family to "feel modern, like something we would see in Italy." It...

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Secluded, but with a view of an iconic skyscraper
News 3 weeks ago
Secluded, but with a view of an iconic skyscraper

The Italian owner of a design firm and four showrooms designed this condo for his family to "feel modern, like something we would see in Italy." It...

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In a steakhouse rut? Here are 5 new spots.
News 3 weeks ago
In a steakhouse rut? Here are 5 new spots.

New steakhouses you might want to add to your restaurant rotation are served up in today's Daily Gist. Plus: U. S. store closings are trending...

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What's the future of scooters in Chicago?
News 3 weeks ago
What's the future of scooters in Chicago?

Now that the city's experiment with public scooters has ended, what should happen next? Companies and advocates on both sides of the hate scooters...

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Indie Pilsen bookstore has new owners
News 3 weeks ago
Indie Pilsen bookstore has new owners

The new owners of Pilsen Community Books, which has been a book lovers' destination and a neighborhood pillar since 2016, say they will carry on...

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Illinois pot firm gets $29 million to expand cultivation
News 3 weeks ago
Illinois pot firm gets $29 million to expand cultivation

The money from a Las Vegas firm will allow Revolution Global to expand its current 75,000-square foot medical marijuana cultivation facility about...

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Architect's lawsuit over One World Trade Center design to proceed
News 4 weeks ago
Architect's lawsuit over One World Trade Center design to proceed

The lawsuit against Chicago-based architectural firm Skidmore Owings & Merrill and partners alleges copyright infringement over a design a student...

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City plans to loosen weed-free zone downtown
News 4 weeks ago
City plans to loosen weed-free zone downtown

Mayor Lori Lightfoot is planning to open up a slice of River North to retail marijuana shops under a draft zoning ordinance, relaxing an earlier...

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