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United gets blowback over plans to cut worker hours
News 2 months ago
United gets blowback over plans to cut worker hours

"They're violating the spirit, if not the letter, of the law of the aid package," Rep. Chuy Garcia says. The airline's largest union is suing to...

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It's time for a guaranteed minimum income
News 2 months ago
It's time for a guaranteed minimum income

In 2018, we led a City of Chicago taskforce to study the impact of cash transfers to address widening inequality in the city. In our report, we...

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JLL expects 'significant repercussions' from COVID for real estate industry
News 2 months ago
JLL expects 'significant repercussions' from COVID for real estate industry

Shares of Jones Lang LaSalle rose this morning despite the company reporting that first-quarter profits were a fraction of where they were during...

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'We’re all going to be permanently scarred'
News 2 months ago
'We’re all going to be permanently scarred'

The billionaire known for buying up troubled real estate said the coronavirus pandemic will leave the same kind of impact on the economy and...

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Developers detail plans for Michael Reese site
News 2 months ago
Developers detail plans for Michael Reese site

The proposed first phase of a larger $6 billion megaproject would include 1 million square feet of new buildings and a park along 31st Street. The...

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Company on the move listing
News 2 months ago
Company on the move listing

A flood of "All I Really Need" requests inspired TMI to offer an a la carte menu of services. COVID-19 forced businesses to evaluate all spending,...

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Indiana reopens its economy. Here's how it's going.
News 2 months ago
Indiana reopens its economy. Here's how it's going.

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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Let's use real science and real math during the COVID crisis
News 2 months ago
Let's use real science and real math during the COVID crisis

In his daily coronavirus briefings, Illinois Gov. J. B. Pritzker has touted that the state of Illinois was in good financial shape before the...

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Which brands are surging, sinking or holding steady
News 2 months ago
Which brands are surging, sinking or holding steady

Oreos, Frosted Flakes and Lysol are flying off shelves-but condoms and cosmetics are in a sales rut. Beer and soda brands are thriving at grocery...

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How the Fed saved Boeing without paying a dime
News 2 months ago
How the Fed saved Boeing without paying a dime

By urging the Federal Reserve to take unprecedented steps to bolster credit markets, the Trump administration ended up helping the Chicago...

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Groupon marketing half of its HQ for sublease
News 2 months ago
Groupon marketing half of its HQ for sublease

The daily deals company more than tripled the amount of space it was looking to shed as the coronavirus wreaks havoc on its business. Groupon is...

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Counties try to take some pressure off property taxpayers
News 2 months ago
Counties try to take some pressure off property taxpayers

They can't cancel your bill, but some county treasurers are waiving late fees-a move that's more about peace of mind than financial relief. In a...

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Illinois health providers back stay-at-home order • Hospital safety grades • Remdesivir shows promise in COVID fight
News 2 months ago
Illinois health providers back stay-at-home order • Hospital safety grades • Remdesivir shows promise in COVID fight

Four state health care organizations have filed an amicus brief supporting Gov. JB Pritzker's stay-at-home executive order, saying that turning...

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Workers deserve more support, not cuts, during pandemic
News 2 months ago
Workers deserve more support, not cuts, during pandemic

Our elected officials must show they're willing to invest in our workforce as we emerge from this crisis, just as our workforce has been invested...

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Can Illinois and the U.S. regain the confidence that COVID-19 snatched away?
News 2 months ago
Can Illinois and the U.S. regain the confidence that COVID-19 snatched away?

Americans could be forgiven for not belting out a lusty rendition of "Happy Days Are Here Again" after President Donald Trump declared recently, ...

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Economic shocks lead to property tax turmoil
News 2 months ago
Economic shocks lead to property tax turmoil

The coronavirus pandemic just made Fritz Kaegi's job a lot tougher. It's hard enough for the Cook County assessor to estimate what a property is...

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Lightfoot's schedule consumed by COVID-19
News 2 months ago
Lightfoot's schedule consumed by COVID-19

Government officials at all levels are spending increasing amounts of time dealing with COVID-19. As an example, a Crain's analysis of Mayor Lori...

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Why Carl Icahn is betting against the Louis Joliet Mall
News 2 months ago
Why Carl Icahn is betting against the Louis Joliet Mall

A derivatives index linked to retail properties including the Louis Joliet and Chicago Ridge malls has cratered during the coronavirus, delivering...

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Saks owner missed April payments on commercial mortgage debt
News 2 months ago
Saks owner missed April payments on commercial mortgage debt

The retail industry, already facing significant challenges, has been battered by the coronavirus outbreak. Now, there are increasing signs that the...

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Investor seeks $25 million for Printers Row properties
News 2 months ago
Investor seeks $25 million for Printers Row properties

Maria Magnus is courting developers for a parking garage she bought out of a bankruptcy case involving disgraced landlord Arthur Holmer. Less than...

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Coronavirus stalls momentum for suburban offices
News 2 months ago
Coronavirus stalls momentum for suburban offices

The former Motorola Mobility campus in Libertyville saw a rush of new leasing in the first quarter before the coronavirus brought things to a halt....

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Economy shrinks, signaling start of recession
News 2 months ago
Economy shrinks, signaling start of recession

The record-long U. S. expansion is over after almost 11 years, with the deepest recession in at least eight decades now underway. The world's...

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Northwestern rejects $8.5 million of federal aid
News 2 months ago
Northwestern rejects $8.5 million of federal aid

Following the lead of Harvard and Princeton, the university says it will take a pass on its portion of a federal package designed to help higher...

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Fired CA Ventures exec accuses CEO of money grab, 'smear campaign'
News 2 months ago
Fired CA Ventures exec accuses CEO of money grab, 'smear campaign'

A lawsuit reveals an ugly-and sudden-breakup between J. J. Smith and Tom Scott, who hired Smith as his first employee in 2007. A former top...

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Caterpillar warns of 'severe and chaotic' impact from virus
News 2 months ago
Caterpillar warns of 'severe and chaotic' impact from virus

The Deerfield-based company is taking steps to slash costs and pare production in the face of deteriorating commodity markets that stand to crush...

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Near West Side office building facing loan trouble
News 2 months ago
Near West Side office building facing loan trouble

A property just west of Fulton Market is an early example of what could be coming out of the pandemic-induced shutdown: a wave of financial...

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Anbang unit sues Mirae to complete $5.8 billion hotel deal
News 2 months ago
Anbang unit sues Mirae to complete $5.8 billion hotel deal

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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Hales Franciscan puts half its Bronzeville campus up for sale
News 2 months ago
Hales Franciscan puts half its Bronzeville campus up for sale

Hales Franciscan, an all-boys Catholic school in Washington Park that has been struggling to stay open for much of the past decade, has put half...

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Mortgage banker and Everest pursuer Albert Hanna dies at 89
News 2 months ago
Mortgage banker and Everest pursuer Albert Hanna dies at 89

Hanna ran his own firm for more than two decades but still found time to indulge his wanderlust, making it to the top of six of the world's "Seven...

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BlackRock CEO sees more remote work hampering commercial real estate
News 2 months ago
BlackRock CEO sees more remote work hampering commercial real estate

Fink said that after businesses were forced to run from mostly remote setups during the coronavirus crisis, many companies will choose not to bring...

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