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It could get harder to sell all the condos in one building
News 2 months ago
It could get harder to sell all the condos in one building

Chicago Aldermen are proposing that 85 percent of owners in a condo building approve a sale of all the units in bulk for a deal to go through. That...

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General Iron will close Lincoln Park site next year
News 2 months ago
General Iron will close Lincoln Park site next year

Undoing one of the last moves of the Emanuel administration, Team Lightfoot has struck a deal with the scrap metal recycler to shut down its North...

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PMDs aren't obsolete—and Lightfoot is right to back this one
News 2 months ago
PMDs aren't obsolete—and Lightfoot is right to back this one

The city's plan to modernize the Kinzie Industrial Corridor will introduce certainty back into the market and encourage people to once again make...

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Industrial corridor near Fulton Market opening up to new development
News 2 months ago
Industrial corridor near Fulton Market opening up to new development

Aldermen on the City Council's Zoning Committee today approved changes to the Kinzie Industrial Corridor, which will allow some of nearby Fulton...

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Vintage Streeterville apartment building hits the market
News 2 months ago
Vintage Streeterville apartment building hits the market

Built in 1924, the Seneca was one of several residential hotels in the city that opened in the Roaring '20s. It last sold in late 2014 for about ...

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Head tax, LaSalle Street tax, vacancy tax on progressives' checklist for Lightfoot
News 2 months ago
Head tax, LaSalle Street tax, vacancy tax on progressives' checklist for Lightfoot

A coalition of groups and a handful of aldermen are getting specific about increases to a bevy of taxes to fill Chicago's budget hole-many of which...

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Lender to sell Waldorf Astoria after seizing it from owner
News 2 months ago
Lender to sell Waldorf Astoria after seizing it from owner

Hotelier Laurence Geller and real estate investor Wanxiang America Real Estate Group recently handed over the keys to the luxury Gold Coast hotel...

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Uber to add 2,000 jobs in Chicago in 3 years
News 2 months ago
Uber to add 2,000 jobs in Chicago in 3 years

The ride-hailing firm's logistics unit, Uber Freight, will be headquartered here, and the city will be home to its largest tech center outside San...

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Uber makes a huge bet on Chicago
News 2 months ago
Uber makes a huge bet on Chicago

Adding 2,000 jobs over three years, the ride-hailing company will headquarter its Uber Freight unit at the red-hot Old Post Office and make Chicago...

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

News of legal spat over a $2.2 million Lakeview project tops our list of the most-popular real estate stories last week on ChicagoBusiness.com. The...

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Luxury apartment rents breach the $4 barrier
News 2 months ago
Luxury apartment rents breach the $4 barrier

If you're apartment hunting in Chicago and money is no object, you might want to check out One Bennett Park in Streeterville or the Sinclair in the...

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Look inside mega-developer John Buck’s East Lake Shore Drive $11.5M co-op
News 2 months ago
Look inside mega-developer John Buck’s East Lake Shore Drive $11.5M co-op

Buck, who's built numerous Chicago high rises in the past four decades, has owned the 23-room duplex in a Benjamin Marshall building at 199 E. Lake...

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Please don't open-carry guns in here
News 2 months ago
Please don't open-carry guns in here

The pharmacy giant, joining Kroger and Walmart, said in a statement it is "asking our customers to no longer openly carry firearms into our stores...

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Historical synagogue in Logan Square converting to apartments
News 2 months ago
Historical synagogue in Logan Square converting to apartments

The building on Palmer Street, built in the mid-1920s by a Jewish congregation and later home to a Boys & Girls Club, will have 14 rentals behind...

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Slow refund checks for Water Tower residents—including the county treasurer—lead to proposed fee
News 2 months ago
Slow refund checks for Water Tower residents—including the county treasurer—lead to proposed fee

A Cook County committee took the first step toward instituting a fee for law firms and others that win property tax appeals and don't promptly turn...

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This apartment building was torn down before anybody moved in. Here’s why.
News 2 months ago
This apartment building was torn down before anybody moved in. Here’s why.

The $2.2 million project stood empty and unfinished in Lakeview for more than two years before it was demolished this summer after a legal dispute...

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Camping World abandons outdoor retail strategy
News 2 months ago
Camping World abandons outdoor retail strategy

Camping World is moving away from its strategy of acquiring outdoor retail stores to create business synergies with its existing RV outlets. In a...

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Conagra chairman lists Palmolive Building condo
News 2 months ago
Conagra chairman lists Palmolive Building condo

Rick Lenny and his wife, Susan, are asking a little more than 2 percent over what they paid for the 16th-floor condo about five years ago. The...

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The top local tech company isn't where you think
News 2 months ago
The top local tech company isn't where you think

You won't find Chicago's best-performing technology company among the digerati in converted lofts and warehouses on the Near West Side. It's out in...

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A multimillion-dollar miscalculation in Winnetka
News 2 months ago
A multimillion-dollar miscalculation in Winnetka

At the corner of Elm Street and Lincoln Avenue in Winnetka, look north and the neighborhood is humming, as people come and go from a coffeehouse, a...

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Tax biz to fill budget hole
News 2 months ago
Tax biz to fill budget hole

A day before the mayor's "State of the City" address, some progressive City Council members and advocates are calling for her to reinstate a...

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Amazon is heading to New York—and New York still loses
News 2 months ago
Amazon is heading to New York—and New York still loses

After Amazon abandoned plans for a Big Apple HQ2, 20% of New Yorkers who opposed the plans celebrated the news, thinking they had won a major...

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Lightfoot grades herself
News 2 months ago
Lightfoot grades herself

"I am not Rahm. I am very different than him, in almost every fundamental way," Chicago's newest chief tells Crain's. But her biggest challenges...

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Buying up outdoor retailers hasn't worked out the way Marcus Lemonis planned
News 2 months ago
Buying up outdoor retailers hasn't worked out the way Marcus Lemonis planned

By targeting millennials with archery, biking and kayaking clubs, Marcus Lemonis believed he could fend off Amazon and simultaneously diversify....

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Former Chicago planning chief joins developer Clayco
News 2 months ago
Former Chicago planning chief joins developer Clayco

It's a new role in a familiar industry for David Reifman, 60, who stepped down as Chicago's Commissioner of Planning & Development when Mayor Rahm...

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This architect doesn't take himself too seriously
News 2 months ago
This architect doesn't take himself too seriously

Peter Exley, who founded Architecture is Fun, recently was elected first vice president of the American Institute of Architects for 2020 and is its...

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Will 'Big Red' fetch $375 million?
News 2 months ago
Will 'Big Red' fetch $375 million?

A sale of the red office tower at that price would deliver a big payout to a John Buck venture for an unusual two-building deal put together in...

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Forget HQ2—Amazon opens its largest campus yet
News 2 months ago
Forget HQ2—Amazon opens its largest campus yet

The Seattle-headquartered company is making an ambitious push in India, the last major retail frontier still primarily reliant on small-scale...

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Chicago Housing Authority CEO Eugene Jones stepping down
News 2 months ago
Chicago Housing Authority CEO Eugene Jones stepping down

Jones led the agency for more than four years, championing new types of affordable housing developments and work opportunities for residents....

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Big Wicker Park apartment project lands the city in court
News 2 months ago
Big Wicker Park apartment project lands the city in court

Lawsuits allege former Ald. Proco "Joe" Moreno slipped a zoning change for the 17-story tower through a lame-duck City Council "as his parting gift...

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