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Sears sells logistics company to Costco for $1 billion
News 3 months ago
Sears sells logistics company to Costco for $1 billion

Sears is offloading Innovel Solutions, its internal logistics company, to Costco for $1 billion, the company announced today. Innovel Solutions...

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Illinois temporarily allows curbside weed sales for medical patients
News 3 months ago
Illinois temporarily allows curbside weed sales for medical patients

Illinois is allowing marijuana dispensaries to provide curbside sales to medical patients to protect them from potential coronavirus infection. A...

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Walgreens, Target, CVS and Walmart to offer drive-thru virus testing
News 4 months ago
Walgreens, Target, CVS and Walmart to offer drive-thru virus testing

The White House said Friday that some retail parking lot space will be used for drive-through coronavirus testing. Crain's has lifted the pay wall...

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Why Citadel Securities may not be cheering all these retail brokerage mergers
News 4 months ago
Why Citadel Securities may not be cheering all these retail brokerage mergers

The recent parade of retail brokerage firms headed for the M&A altar-Morgan Stanley's proposed purchase of E-Trade and Schwab's acquisition of TD...

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Why the Loeber Motors family wants out of Schaumburg
News 4 months ago
Why the Loeber Motors family wants out of Schaumburg

The Loeber family bought a farm to raise cows on in 1948 in Schaumburg, before it was Schaumburg. Seventy-two years later, they're suing to get out...

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Why he closed his company's offices—and why he thinks you should, too
News 4 months ago
Why he closed his company's offices—and why he thinks you should, too

"If my contribution is to take 200 people off the density of the grid, that seemed like a no-brainer," says Sam Yagan, CEO of ShopRunner. The first...

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Gene Siskel's former Gold Coast co-op for sale
News 4 months ago
Gene Siskel's former Gold Coast co-op for sale

The home has a mural painted 91 years ago by Frederic Clay Bartlett, an artist and art collector who bought Georges Seurat's "Sunday in the Park...

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CBOT Building owners land $256 million loan
News 4 months ago
CBOT Building owners land $256 million loan

The owners of the Chicago Board of Trade Building couldn't find a buyer for the Loop landmark last year, but they've lined up a payday by...

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Crain's Daily Gist podcast
News 4 months ago
Crain's Daily Gist podcast

Prudential Plaza tenants were told a worker at the massive complex is ill with coronavirus. It's believed to be Chicago's first confirmed case at a...

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California firm buying Wacker Drive tower
News 4 months ago
California firm buying Wacker Drive tower

The San Francisco real estate investor that made the biggest Chicago office purchase of the past two years is picking up another high-profile...

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Pru Plaza coronavirus case confirmed
News 4 months ago
Pru Plaza coronavirus case confirmed

In what is believed to be the first confirmed case of coronavirus in a major downtown office building, the owners of Prudential Plaza are informing...

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Look inside a condo for sale in an Art Moderne landmark on State Parkway
News 4 months ago
Look inside a condo for sale in an Art Moderne landmark on State Parkway

Thanks to a curving wall of glass brick two stories high, a condo in the landmark Frank Fisher Studios "is filled with light all day long,"...

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Chicago St. Patrick's parades canceled
News 4 months ago
Chicago St. Patrick's parades canceled

The downtown parade is called off, the Chicago River won't be dyed green and two big neighborhood parades are scuttled as city officials look to...

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What went wrong at Art Van Furniture
News 4 months ago
What went wrong at Art Van Furniture

Would the retailer have survived the forces roiling retail if Thomas H. Lee hadn't come along? Maybe, maybe not. But it's clear private equity...

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Here's Related Midwest's new plan for the Chicago Spire site
News 4 months ago
Here's Related Midwest's new plan for the Chicago Spire site

After the local alderman rejected its first design for the two-tower project at Lake Shore Drive and the Chicago River, the Chicago developer has...

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80s pop star Richard Marx’s Lake Bluff estate sells after $14 million in price cuts
News 4 months ago
80s pop star Richard Marx’s Lake Bluff estate sells after $14 million in price cuts

Marx and his ex-wife, Cynthia Rhodes, first put the palatial lakefront property on the market in November 2014, asking $18 million. They sold it...

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'80s pop star Richard Marx’s Lake Bluff estate sells after nearly $14 million in price cuts
News 4 months ago
'80s pop star Richard Marx’s Lake Bluff estate sells after nearly $14 million in price cuts

Marx and his ex-wife, Cynthia Rhodes, first put the palatial lakefront property on the market in November 2014, asking $18 million. They sold it...

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Pactiv leases big Romeoville warehouse
News 4 months ago
Pactiv leases big Romeoville warehouse

It's the latest in a series of big deals in the booming Chicago industrial market, where developers have been building feverishly to keep up with...

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With permits issued, the race is on to build new weed shops
News 4 months ago
With permits issued, the race is on to build new weed shops

Chicago's zoning board approved five after an all-day hearing Friday. Two of the permits were issued for River North. If they get built, they'd be...

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First look inside the Loop’s newest luxury condos
News 4 months ago
First look inside the Loop’s newest luxury condos

Prices start at $1.5 million for the two dozen units on the upper floors of a 26-story tower under construction at 50 E. Randolph St. Thanks to its...

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Restaurants brace for coronavirus blow
News 4 months ago
Restaurants brace for coronavirus blow

As conventions cancel and visitors with expense accounts stay home, the spreading virus adds another burden in an industry with tight margins....

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Art Van files for Chapter 11 bankruptcy
News 4 months ago
Art Van files for Chapter 11 bankruptcy

The furniture and mattress retailer listed $100 million to $500 million in assets and liabilities in the 12-page Delaware bankruptcy court document...

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Our most-viewed real estate stories last week
News 4 months ago
Our most-viewed real estate stories last week

News about a southwest suburban house for sale with much of its original 1957 design intact tops our list of last week's most-popular real estate...

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Investments in improvements benefit customers
News 4 months ago
Investments in improvements benefit customers

A recent Crain's article correctly details much of the improvements that ComEd has made in its 11,000-square-mile service territory, but it fails...

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US Foods expands retail footprint with $970 million acquisition
News 4 months ago
US Foods expands retail footprint with $970 million acquisition

The Rosemont-based food distributor acquired Smart Foodservice's 70 stores in a bid to expand retail offerings and challenge its bigger competitors...

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Springfield stalls on property tax reform
News 4 months ago
Springfield stalls on property tax reform

The question of whether to cut your property tax and how remains caught in partisan sniping, though one top Democrat says his "intention" is to...

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California has legalized public banks. Should Illinois follow its lead?
News 4 months ago
California has legalized public banks. Should Illinois follow its lead?

For just the second time in a century, a people-powered coalition successfully overcame the clout of big finance when California's Gov. Gavin...

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Coronavirus fallout pounds Chicago's logistics industry
News 4 months ago
Coronavirus fallout pounds Chicago's logistics industry

"Shipments are down significantly" in the I-80 corridor south of the city. But the virus has helped freight movers in some ways. A lot of stuff...

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Art Van Furniture to close all stores, liquidate
News 4 months ago
Art Van Furniture to close all stores, liquidate

Art Van Furniture Inc. will close all of its more than 300 stores after struggling with heavy debt and a disrupted furniture and mattress retail...

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Standard Club closing May 1
News 4 months ago
Standard Club closing May 1

The organization, wracked by operating losses and declining membership, will market its vintage building in hopes of finding a buyer for all or...

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