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Longtime Mart tenant leaving for Fulton Market
News 1 week ago
Longtime Mart tenant leaving for Fulton Market

Software firm CCC Information Services is closing in on a deal of more than 180,000 square feet to expand and relocate its headquarters to the...

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$6.25 million condo sale is highest of 2020
News 2 weeks ago
$6.25 million condo sale is highest of 2020

A Streeterville condo sold for $6.25 million last week, making it the highest-priced residential sale in the Chicago area so far this year. The...

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West Loop building ran out of $1.6 million condos, so it made some more
News 2 weeks ago
West Loop building ran out of $1.6 million condos, so it made some more

A building planned for 1147 W. Jackson was to have five units of its most expensive floor plan. When they were snapped up in a single weekend, the...

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Boutique hotel eyed for Motor Row
News 2 weeks ago
Boutique hotel eyed for Motor Row

A former Related Midwest executive has picked up a property just west of McCormick Place with a plan to develop a boutique hotel on the site. A...

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U.S. stocks plunge 12 percent with virus upending economy
News 2 weeks ago
U.S. stocks plunge 12 percent with virus upending economy

The stomach-turning ride on global financial markets accelerated, with U. S. stocks plunging the most since 1987 after President Donald Trump...

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Crain's Chicago Business
News 2 weeks ago
Crain's Chicago Business

A "subscriber membership" is now required to access the issue PDF and the interactive flip version of This Week's Issue. Crain's Chicago Business

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Did the coronavirus just end the apartment boom? This investor thinks so.
News 2 weeks ago
Did the coronavirus just end the apartment boom? This investor thinks so.

Worried about overpaying in a declining market, Chicago's Origin Investments has "indefinitely postponed" $241 million in apartment deals. "What we...

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Health tech hub planned for Michael Reese site
News 2 weeks ago
Health tech hub planned for Michael Reese site

The developers of Bronzeville Lakefront Development, a proposed megaproject south of McCormick Place, have cut a tentative deal for a medical...

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McCormick Place loses education event to coronavirus
News 2 weeks ago
McCormick Place loses education event to coronavirus

The National School Boards Association becomes the fifth group to call off a meeting at the convention center in the past nine days. The...

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McCormick Place loses 2 more events
News 2 weeks ago
McCormick Place loses 2 more events

The National School Boards Association canceled an April conference at the convention center, and tech giant Salesforce will make a May event...

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PepsiCo closes West Loop offices over coronavirus
News 2 weeks ago
PepsiCo closes West Loop offices over coronavirus

The building at 555 W. Monroe is believed to be the first in downtown Chicago to go dark amid the COVID-19 spread. PepsiCo now says the office will...

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Luxury condos in former Children's Memorial Hospital start at $1.4 million
News 2 weeks ago
Luxury condos in former Children's Memorial Hospital start at $1.4 million

Grand old co-ops like those on East Lake Shore Drive provided some of the inspiration for the condominiums in a new building on the former Children...

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The hidden costs of all these canceled business trips
News 2 weeks ago
The hidden costs of all these canceled business trips

"Imagine trying to close a deal remotely? I've done a zillion negotiations with vendors on billion-dollar sized deals, and I haven't done one...

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Chicago United gets a new leader unlike any other
News 2 weeks ago
Chicago United gets a new leader unlike any other

Tiffany Hamel Johnson, a City Hall veteran who also has pursued private-sector development, will be the next CEO of Chicago United, the business-...

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Delta, American plan to slash operations because of virus outbreak
News 2 weeks ago
Delta, American plan to slash operations because of virus outbreak

The airlines' adjustments illustrate the depth of the crisis for carriers worldwide as the virus's spread upends economies and prompts travelers to...

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Stocks wipe out gains in another wild session
News 2 weeks ago
Stocks wipe out gains in another wild session

Signs mounted that stimulus promised by President Donald Trump is not imminent even as the coronavirus threatens to upend the economy. Commuter...

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What happens to Willis Tower's name after Aon deal?
News 3 weeks ago
What happens to Willis Tower's name after Aon deal?

The skyscraper's eponym will be a dead brand a year from now. That could mean a new name for one of the world's most famous buildings. Willis...

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Sports
News 3 weeks ago
Sports

Jerry Reinsdorf and Rocky Wirtz committed to spend more than $3.3 million to compensate the arena's game day workers. Sports

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Will Michigan City become the next New Buffalo?
News 3 weeks ago
Will Michigan City become the next New Buffalo?

They're not making new lakefront land anymore, except in Michigan City, Ind. OK, it's not new, but since 1950 an eight-story power-generating plant...

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Big tax hikes for landlords? Maybe not.
News 3 weeks ago
Big tax hikes for landlords? Maybe not.

The Board of Review has slashed assessed values on a swath of commercial properties, despite Assessor Fritz Kaegi's new math. If commercial...

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Lightfoot names her pick to head Chicago Housing Authority
News 3 weeks ago
Lightfoot names her pick to head Chicago Housing Authority

Mayor Lori Lightfoot today announced her pick for the new head of the Chicago Housing Authority, the second-largest public housing authority in the...

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Chicago is getting richer, but that could be because poor people are leaving
News 3 weeks ago
Chicago is getting richer, but that could be because poor people are leaving

A Brookings Institution study concludes that while the metro area is growing more slowly than other large cities, we're making progress on...

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Chicago construction costs third-highest in country
News 3 weeks ago
Chicago construction costs third-highest in country

Only New York and San Francisco have higher costs than the local market, according to a recent report that also found construction costs here have...

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Condo with Japanese garden in the sky coming back on market
News 4 weeks ago
Condo with Japanese garden in the sky coming back on market

The unit, about to be relisted at a lower price, is a familiar sight for people who pass the River North building, because the trees and shrubs...

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Chicago investors target $750 million for opportunity zones
News 4 weeks ago
Chicago investors target $750 million for opportunity zones

Larry Levy and a pair of private-equity veterans are raising their bet on projects in low-income communities around the country. A rendering of the...

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Boeing goes on hiring spree in high-stakes gamble on 737 Max
News 4 weeks ago
Boeing goes on hiring spree in high-stakes gamble on 737 Max

Once the Chicago-based planemaker starts to emerge from the Max crisis, it will need the extra employees to mount a commercial comeback for the...

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Supreme Court to hear Obamacare appeal
News 4 weeks ago
Supreme Court to hear Obamacare appeal

The justices will review a federal appeals court decision that found part of the original 2010 Obamacare law unconstitutional and left doubt about...

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United pilots feeling coronavirus impact
News 4 weeks ago
United pilots feeling coronavirus impact

The airline offers some idled pilots reduced pay and postpones a new-pilot training class set to start this week. Says United CEO Oscar Munoz, "It...

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Sterling Bay puts McDonald's HQ up for sale
News 1 month ago
Sterling Bay puts McDonald's HQ up for sale

Sterling Bay is looking to cash out on McDonald's Fulton Market headquarters, setting up what could be the most expensive downtown office building...

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Riverfront skyscraper owners look to cash out
News 1 month ago
Riverfront skyscraper owners look to cash out

The developers of 150 N. Riverside Plaza are looking to bring in a new investor or sell the 53-story tower outright, a real estate newsletter...

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