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Amazon drops $51 million on Bolingbrook site
News 2 weeks ago
Amazon drops $51 million on Bolingbrook site

The deal is the latest in a series of acquisitions here for Amazon, which has been gobbling up big chunks of land for the new distribution centers...

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Apartments near McCormick Place fetch $27 million
News 2 weeks ago
Apartments near McCormick Place fetch $27 million

The price represents a big jump in value for Vesta Lofts, a former vintage warehouse that New York developers JK Equities and Time Equities...

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West suburban office owners look to cash out
News 2 weeks ago
West suburban office owners look to cash out

Two properties along Interstate 88 recently hit the market as their owners look to ride a recent wave of profitable sales nearby. Two office...

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New book teaches kids about real estate
News 2 weeks ago
New book teaches kids about real estate

A South Side real estate investor has written a book about buying, rehabbing and managing properties for a surprising audience: kids. She was...

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Consulting firm plans to add 300 Chicago employees this year
News 2 weeks ago
Consulting firm plans to add 300 Chicago employees this year

A Seattle-based consulting firm plans to add several hundred jobs in Chicago. Slalom, a business and tech advisory firm, announced it will hire...

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A mall landlord's survival guide
News 2 weeks ago
A mall landlord's survival guide

Woodfield Mall parent Simon Property is acquiring Taubman Centers in a play to be the strongest U. S. mall operator left standing. The merger had...

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Suburban condo complex is largest local property to deconvert to apartments
News 2 weeks ago
Suburban condo complex is largest local property to deconvert to apartments

CLK Properties has taken over 924-unit Heritage Village Pointe in Des Plaines in a deal that highlights the continued interest among investors in...

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Our most-viewed real estate stories last week
News 2 weeks ago
Our most-viewed real estate stories last week

A familiar name in Chicago politics was behind a notable South Side home sale last week, and that made for the most-read real estate story on...

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What's standing in the way of fixing Illinois' tax system
News 2 weeks ago
What's standing in the way of fixing Illinois' tax system

Of all the topics Crain's has examined so far in its monthly Forum series on our region's most onerous public policy challenges, the one explored...

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PayPal co-founder Max Levchin opens Chicago office for Affirm
News 3 weeks ago
PayPal co-founder Max Levchin opens Chicago office for Affirm

Affirm, an online consumer-lending company founded by PayPal co-founder and University of Illinois graduate Max Levchin, has opened a Chicago...

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Vintage office building in Loop hits the market
News 3 weeks ago
Vintage office building in Loop hits the market

A Chicago real estate firm wants to cash out on a vintage 10-story office building, hoping to ride the wave of development in the southwest corner...

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Vintage Loop office building hits the market
News 3 weeks ago
Vintage Loop office building hits the market

A Chicago real estate firm wants to cash out on a vintage 10-story office building, hoping to ride the wave of development in the southwest corner...

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Do investors see Amazon Go in this Chicago startup?
News 3 weeks ago
Do investors see Amazon Go in this Chicago startup?

A firm that came out of the University of Chicago's business plan competition gets more capital to continue its experiment in the future of...

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Former convent in Edgewater to become apartments
News 3 weeks ago
Former convent in Edgewater to become apartments

A building that served as a convent for St. Ita's Catholic Church in Edgewater for more than half a century will become eight apartments. Built in...

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Lightfoot reveals her TIF overhaul plan
News 3 weeks ago
Lightfoot reveals her TIF overhaul plan

The mayor moves to tighten requirements on getting and spending tax-increment financing funds, with an eye toward helping poorer neighborhoods. She...

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Big South Side apartment portfolio lands in bankruptcy court
News 3 weeks ago
Big South Side apartment portfolio lands in bankruptcy court

After financing a Chicago-area apartment acquisition spree with $170 million in bonds, the Better Housing Foundation racked up thousands of...

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Macy's to close 125 department stores, cut 9% of workforce
News 3 weeks ago
Macy's to close 125 department stores, cut 9% of workforce

The chain-which took over former Marshall Field & Co. stores in the Chicago area in 2006-isn't disclosing which locations are on the chopping block...

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Jeff Bezos was jealous of Elon Musk
News 3 weeks ago
Jeff Bezos was jealous of Elon Musk

And so, when Amazon launched a bakeoff for a second headquarters in September 2017, the company made plain that it was looking for government...

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Here's who's fueling the apartment boom
News 3 weeks ago
Here's who's fueling the apartment boom

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. High...

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Cook County Health's $240 million new Provident Hospital on hold
News 3 weeks ago
Cook County Health's $240 million new Provident Hospital on hold

Less than two weeks after four South Side hospitals announced plans to merge, the public hospital network is pausing plans to build a new facility...

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Illinois weed sales total almost $40M in first month
News 3 weeks ago
Illinois weed sales total almost $40M in first month

Illinois marijuana retailers sold $39.2 million worth of weed in the first full month of recreational sales. Out-of-state residents accounted for...

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2 of its big landlords are part of $81 million bid for Forever 21
News 3 weeks ago
2 of its big landlords are part of $81 million bid for Forever 21

The so-called stalking-horse agreement, for a fraction of what the international fashion pioneer was once worth, sets a minimum price for a...

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The suburban office market's big year
News 3 weeks ago
The suburban office market's big year

Suburban office landlords in 2019 gained back all their tenant losses from the year before and then some, a critical bounceback for a market trying...

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Retired Boeing CEO lists Lake Forest mansion for almost $3 million less than he paid
News 3 weeks ago
Retired Boeing CEO lists Lake Forest mansion for almost $3 million less than he paid

James McNerney, who retired in 2015 as the aerospace giant's chief executive, bought the estate at the height of the mid-2000s real estate boom....

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No ‘frog-marching' by McD's, franchisee says
News 3 weeks ago
No ‘frog-marching' by McD's, franchisee says

In response to the Crain's article titled "One important group isn't eager for McDonald's to join the fake meat fray" (Jan. 27), I'd like to shed...

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At these new River West apartments, robots move your walls on command
News 4 weeks ago
At these new River West apartments, robots move your walls on command

In a just-completed apartment tower on Milwaukee Avenue, studio apartments come with a built-in mechanical roommate: a robot that will move a wall...

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Big Shoulders' Catholic school bailout could be a blueprint
News 4 weeks ago
Big Shoulders' Catholic school bailout could be a blueprint

The fund's financial rescue plan for 30 schools on the West and South sides provides a potential model for linking the resources and talents of...

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Fulton Market tenant quadrupling its space
News 4 weeks ago
Fulton Market tenant quadrupling its space

Aspen Dental Management leased about 200,000 square feet in a building under construction, making it one of the biggest office users to date in the...

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Pritzker slams political 'purveyors of greed and corruption'
News 1 month ago
Pritzker slams political 'purveyors of greed and corruption'

A day after former state Sen. Marty Sandoval pleaded guilty, the governor in his State of the State speech calls for an end to political corruption...

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Bay Area software firm tripling its Fulton Market space
News 1 month ago
Bay Area software firm tripling its Fulton Market space

A San Francisco-based software company is snapping up more office space in the Fulton Market District, another in a series of West Coast tech firms...

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