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One Carlins succeeds another at Lakeshore East developer
News 2 months ago
One Carlins succeeds another at Lakeshore East developer

Two investors have bought out Magellan Development co-founders and co-CEOs Joel Carlins and Jim Loewenberg, who have stepped aside. President David...

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Big change at Lakeshore East developer
News 2 months ago
Big change at Lakeshore East developer

Two investors have bought out Magellan Development co-founders and co-CEOs Joel Carlins and Jim Loewenberg, who have stepped aside. President David...

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Wondering where your property taxes are headed? Kaegi has a tool for you.
News 2 months ago
Wondering where your property taxes are headed? Kaegi has a tool for you.

A new computer gizmo unveiled today by Cook County Assessor Fritz Kaegi is part of a broader push to help landlords understand how he's trying to...

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State's retirement health care sinkhole • Even doctors lack job security • Tele-psych merger
News 2 months ago
State's retirement health care sinkhole • Even doctors lack job security • Tele-psych merger

COST OF ILLINOIS' RETIREE HEALTH CARE IS STATE'S OTHER SINKHOLE: Unfunded pension costs constantly make the news, but the state also faces a $41...

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School moving to retail space at condo tower across from Millennium Park
News 2 months ago
School moving to retail space at condo tower across from Millennium Park

An unconventional high school is moving its campus downtown from Lincoln Park. The experiential-based Global Citizenship Experience Lab School...

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Green Dolphin site near Lincoln Yards sells
News 2 months ago
Green Dolphin site near Lincoln Yards sells

The site on the North Branch of the Chicago River has strong development potential, but the buyer isn't saying yet what it plans to do with it. A...

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Local investor to buy Green Dolphin site near Lincoln Yards
News 2 months ago
Local investor to buy Green Dolphin site near Lincoln Yards

The site on the North Branch of the Chicago River has strong development potential, but the buyer isn't saying yet what it plans to do with it. A...

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Architect selling rehabbed condo in colorful Carl Street Studios
News 2 months ago
Architect selling rehabbed condo in colorful Carl Street Studios

Trish VanderBeke bought the unit because she wanted to restore its street-facing window to its original look, as designed by the artisans who...

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Suburban office building sells for $45 million
News 2 months ago
Suburban office building sells for $45 million

Two years after buying its first office building in the Chicago suburbs, Canadian investor Balfour Pacific has acquired its second. The Vancouver,...

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Last week's most-viewed real estate stories
News 2 months ago
Last week's most-viewed real estate stories

Topping our list of the most-read real estate stories last week on ChicagoBusiness.com: Local experts weigh in about how to fill long-vacant retail...

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New CEO takes over at Lurie • Magnetar seeks $400M fund • Health spending up
News 2 months ago
New CEO takes over at Lurie • Magnetar seeks $400M fund • Health spending up

Dr. Thomas Shanley takes over for Patrick Magoon, who announced his retirement in July after 22 years in the top spot the children's hospital. NEW...

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When a ComEd rate cut is actually a rate hike
News 2 months ago
When a ComEd rate cut is actually a rate hike

State regulators approved a $17 million cut in ComEd's delivery rate for next year. But only after greenlighting a $50 million rate hike less than...

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DePaul College Prep's Irving Park campus hits the market
News 2 months ago
DePaul College Prep's Irving Park campus hits the market

DePaul College Prep's Irving Park campus officially hit the market Wednesday, roughly four months after the Catholic high school announced it would...

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Last week's most-viewed real estate stories
News 2 months ago
Last week's most-viewed real estate stories

Crain's examines a 33 percent drop in local commercial property sales in the first nine months of the year, and the news tops our list of the most...

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Now you can live where Mike Royko did in his 'Condo Man' phase in the 1980s
News 2 months ago
Now you can live where Mike Royko did in his 'Condo Man' phase in the 1980s

The legendary newspaper columnist owned the condo, where he claimed to be doing an anthropological study of "new urban creatures" such as Singles...

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Suburban apartment complex fetches $75 million
News 2 months ago
Suburban apartment complex fetches $75 million

A San Francisco-based apartment investor has added another property to its Chicago portfolio, paying $75.3 million for a big complex in west...

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Blues association's new chairman • Health-tech innovator Michael Sachs dies • Baxter buys Seprafilm
News 2 months ago
Blues association's new chairman • Health-tech innovator Michael Sachs dies • Baxter buys Seprafilm

BLUES ASSOCIATION TAPS HIGHMARK CEO AS BOARD CHAIR: David L. Holmberg, president and chief executive officer of Pittsburgh-based Highmark Health,...

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United Airlines places $7 billion order for longest-range Airbus jet
News 2 months ago
United Airlines places $7 billion order for longest-range Airbus jet

Boeing's loss of the orders to its archrival is a reminder that Boeing risks losing customers while its planned new midsize airplane remains on the...

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Fast-growing freight-tech firm expands in Fulton Market
News 2 months ago
Fast-growing freight-tech firm expands in Fulton Market

San Francisco-based Flexport is leasing about 40,000 square feet in a Sterling Bay office project, enough space to accommodate twice its current...

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Marshall Field building nears lease with tech firm
News 2 months ago
Marshall Field building nears lease with tech firm

Consumer-insights company Numerator is close to a deal to move its headquarters from Willis Tower to the redeveloped upper floors of the historic...

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Here's some free advice for the new agent leasing Trump Tower's riverfront space
News 2 months ago
Here's some free advice for the new agent leasing Trump Tower's riverfront space

As he wrapped up construction of his Chicago tower in 2008, developer Donald Trump was confident the building's commercial space wouldn't be empty...

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Mercyhealth wins hospital appeal • Gender pay gaps • Edward-Elmhurst replacing doctors with nurses, report says
News 2 months ago
Mercyhealth wins hospital appeal • Gender pay gaps • Edward-Elmhurst replacing doctors with nurses, report says

MERCYHEALTH WINS APPEAL ON NEW HOSPITAL: Construction in Crystal Lake of a new 13-bed hospital with an emergency department is expected to begin in...

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Cloud storage company to lease West Loop office
News 3 months ago
Cloud storage company to lease West Loop office

Cloud storage company Box is joining the list of Bay Area tech firms beefing up their commitment to Chicago. Box is finalizing a deal to lease...

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The Forum
News 3 months ago
The Forum

With marijuana, Illinois promises to repair past harms from the war on drugs. Can it succeed where all others stumbled? Efforts to share marijuana...

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This 1920s Lincoln Park bank building will become condos
News 3 months ago
This 1920s Lincoln Park bank building will become condos

Familiar to passersby on Fullerton for the word "perfection" carved over the front door-a reference to the burial garment company that once...

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Chicago firm plans Fulton Market office, retail projects
News 3 months ago
Chicago firm plans Fulton Market office, retail projects

L3 Capital-a backer of the massive new Time Out Market Chicago food hall in the trendy corridor-bought a trio of nearby properties from Fifth Third...

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Cook County Health CEO dismissed • Investors watch for Obamacare payment ruling • NextGen Growth buys Records Connect
News 3 months ago
Cook County Health CEO dismissed • Investors watch for Obamacare payment ruling • NextGen Growth buys Records Connect

JAY SHANNON OUT AS CEO OF COOK COUNTY HEALTH: Dr. John Jay Shannon is out as CEO of Cook County Health, one of the largest public health systems in...

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The Business of Cannabis
News 3 months ago
The Business of Cannabis

It's not often that Illinois starts a new year by creating an industry projected to drive multi-billion-dollar revenues when it reaches maturity....

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WeWork cutting 2,400 jobs
News 3 months ago
WeWork cutting 2,400 jobs

WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms...

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Allstate backs opportunity zone project in Pullman
News 3 months ago
Allstate backs opportunity zone project in Pullman

The insurer is financing a spec industrial building in the South Side neighborhood to take advantage of the federal tax incentive program. A big...

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