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A new weed shop is coming to the near north suburbs
News 1 month ago
A new weed shop is coming to the near north suburbs

Green Thumb Industries is opening a new marijuana shop this week in Niles. The store, at Golf Road and Milwaukee Avenue, is the company's third to...

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A family squabble over an inheritance spills over onto the Mag Mile
News 1 month ago
A family squabble over an inheritance spills over onto the Mag Mile

Real estate investor Nicholas Karris left behind a fortune worth as much as $230 million. Now his family is locked in a bitter court battle over...

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Hilco seemed like a solid corporate partner for the city. Until it didn't.
News 1 month ago
Hilco seemed like a solid corporate partner for the city. Until it didn't.

Lightfoot has to balance her populist approach with picking firms that can help the cash-strapped city revive blighted neighborhoods. Hilco Global...

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Lawmakers OK deal for COVID, workers' comp
News 1 month ago
Lawmakers OK deal for COVID, workers' comp

The bill details benefits for first responders and front-line workers who fall ill. Gov. J. B. Pritzker has said he supports the measure. Sign up...

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Will COVID drive us to another housing crisis?
News 1 month ago
Will COVID drive us to another housing crisis?

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. In a...

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Millions of Chicagoans are past due on the mortgage
News 1 month ago
Millions of Chicagoans are past due on the mortgage

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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Cook County passes COVID property tax relief
News 1 month ago
Cook County passes COVID property tax relief

The Cook County Board approved some relief for property taxpayers today, agreeing to waive late-payment interest penalties for two months. Bills...

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Will BDT, Mondelez sell in huge coffee IPO?
News 1 month ago
Will BDT, Mondelez sell in huge coffee IPO?

Byron Trott's Chicago asset management firm and food giant Mondelez both own stakes in JDE Peet, the massive coffee company that will sell shares...

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Mayor proposes long-sought legalization of coach houses, granny flats
News 1 month ago
Mayor proposes long-sought legalization of coach houses, granny flats

Advocates for those units-known as ADUs-say that bringing them back would put much-needed affordable housing stock in neighborhoods with good...

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Lightfoot has a mini-revolt on her hands
News 1 month ago
Lightfoot has a mini-revolt on her hands

The mayor proposed a law to help renters. A pair of progressive aldermen banished it to legislative limbo. Here's what's behind the rare move. A...

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O'Hare, Midway businesses get a break
News 1 month ago
O'Hare, Midway businesses get a break

The city is giving Chicago's airport concessionaires a reprieve during the pandemic drop in travel. Under the proposal that cleared City Council...

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Fannie, Freddie forbearance rule eased to allow new mortgages
News 1 month ago
Fannie, Freddie forbearance rule eased to allow new mortgages

The Federal Housing Finance Agency-Fannie Mae and Freddie Mac's regulator-said Tuesday that borrowers will be able to obtain new loans three months...

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Bob Mariano is getting back into groceries
News 1 month ago
Bob Mariano is getting back into groceries

The Mariano's founder, armed with a $10 million investment, plans to build a next-generation grocery store chain, with a debut in Lincoln Park. Bob...

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Chicago staring down another $1 billion budget hole
News 1 month ago
Chicago staring down another $1 billion budget hole

A year into office, the mayor faces a budget gap similar to what she started with, and there are fewer options to fill it. Without federal aid, "we...

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365 days of Lightfoot
News 1 month ago
365 days of Lightfoot

Lori Lightfoot took office a year ago with promises to tackle Chicago's wobbly finances plus decades of inequality, crime and corruption as a...

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A record plunge for retail sales
News 1 month ago
A record plunge for retail sales

Revenue at retailers and restaurants fell 16.4% in April from the prior month, almost double the 8.3% drop in March which was previously the worst...

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Brookfield plans $5 billion to prop up retailers after mall bet
News 1 month ago
Brookfield plans $5 billion to prop up retailers after mall bet

The Toronto-based firm has launched a "retail revitalization" program that will focus on taking minority stakes in retail businesses that have been...

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Alderman lifts ban on Fulton Market residential projects
News 1 month ago
Alderman lifts ban on Fulton Market residential projects

Near West Side Ald. Walter Burnett is scrapping a long-standing ban on new residential projects in most of the Fulton Market District, a move he...

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Stephen Beitler, city's former infrastructure czar, dies at 63
News 1 month ago
Stephen Beitler, city's former infrastructure czar, dies at 63

The venture capitalist labored to lure private investment for extending the Red Line and other projects that never panned out. Stephen Beitler, who...

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Pushback builds on Pritzker's reopening plan
News 1 month ago
Pushback builds on Pritzker's reopening plan

Key business leaders and top Springfield Republicans say the new regional approach doesn't move fast enough to save businesses that could be shut...

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Congress likely to pass state, local budget help
News 2 months ago
Congress likely to pass state, local budget help

Despite some Republican opposition, COVID relief is coming, says a congressman from Deerfield who has his own idea how to help. The congressman who...

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CareerBuilder looks to unload downtown HQ
News 2 months ago
CareerBuilder looks to unload downtown HQ

The digital job-listing company adds to the ranks of Chicago companies trying to shed office space as fallout from the coronavirus crisis looms....

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United plans to cut at least 30% of white-collar staff
News 2 months ago
United plans to cut at least 30% of white-collar staff

The layoffs would take effect Oct. 1. "The severe drop in demand and resulting reductions to our schedule mean we have to do everything possible to...

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A neighbor reopens it economy in fits and starts
News 2 months ago
A neighbor reopens it economy in fits and starts

Whenever the stay-at-home order in Illinois is relaxed, the re-entry is likely to be slow and unsteady at first. Indiana Gov. Eric Holcomb allowed...

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A neighbor reopens its economy in fits and starts
News 2 months ago
A neighbor reopens its economy in fits and starts

Whenever the stay-at-home order in Illinois is relaxed, the re-entry is likely to be slow and unsteady at first. Indiana Gov. Eric Holcomb allowed...

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Are churches essential services?
News 2 months ago
Are churches essential services?

The nation is in lockdown, sheltering in place, yet a small number of pastors appear defiant, insisting on their First Amendment rights to conduct...

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To help Normal, Rivian won't take $1 million city grant
News 2 months ago
To help Normal, Rivian won't take $1 million city grant

The company won't seek the $1 million grant it's eligible for from the city of Normal, saying it wants to help "alleviate pressure" on city...

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J. Crew files for bankruptcy protection
News 2 months ago
J. Crew files for bankruptcy protection

While its struggles predated the coronavirus outbreak, it's the first major retailer to go bankrupt during the ensuing economic shutdown, which has...

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Big U of I research center moves ahead
News 2 months ago
Big U of I research center moves ahead

The state's Capital Development Board this week put out a call for consultants to help design and construct Discovery Partners Institute. The...

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With crisis, cannabis firms see a shot to get banking relief
News 2 months ago
With crisis, cannabis firms see a shot to get banking relief

The SAFE Banking Act, which passed the House last year but stalled in the Senate, could get tacked on to a future stimulus bill. Cannabis companies...

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