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The road to solvent Illinois pensions requires a tollway lease
News 3 months ago
The road to solvent Illinois pensions requires a tollway lease

If ever there was a time for the Pritzker administration to live up to its campaign exhortation to "think big," this is the moment. The bond rating...

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Millennial depression • Rush data breach • Navigant nabs former hospital bosses
News 3 months ago
Millennial depression • Rush data breach • Navigant nabs former hospital bosses

BLUES SAY 20% OF MILLENNIALS WITH DEPRESSION AREN'T TREATED: A new report from the Chicago-based Blue Cross Blue Shield Association finds that 1 in...

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Cushman Wakefield's CEO of the Americas on his most memorable deal
News 3 months ago
Cushman Wakefield's CEO of the Americas on his most memorable deal

After 20 years of representing companies in commercial real estate deals and running several regional brokerage offices, Shawn Mobley, 51, was...

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South suburban property taxes
News 3 months ago
South suburban property taxes

The price of this Flossmoor house, which sold last week, went down by half since 2006, while its property taxes went up by 40 percent. The price of...

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Wooing Illinois to Indiana? Businesses aren't the only target.
News 3 months ago
Wooing Illinois to Indiana? Businesses aren't the only target.

Some 1,000 affluent Chicago-area homeowners will get a postcard this week picking on one of their worst nerves-high property taxes-and suggesting...

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Grocers brace for another blow from Amazon
News 3 months ago
Grocers brace for another blow from Amazon

The first of these stores will open in Los Angeles as early as the end of 2019, and Amazon is in talks to open locations in shopping centers in San...

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New Walgreens program blurs lines between pharmacy, retail
News 3 months ago
New Walgreens program blurs lines between pharmacy, retail

Walgreens is rolling out a program to help patients better manage all the side effects of cancer treatment. The initiative, which marks the first...

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Real estate innovator and Jones Lang LaSalle chief Stuart Scott dies
News 3 months ago
Real estate innovator and Jones Lang LaSalle chief Stuart Scott dies

Stuart Scott, a leader in the corporatization of commercial real estate services as a founder of LaSalle Partners and CEO of Jones Lang LaSalle,...

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That downtown apartment glut? Never mind.
News 3 months ago
That downtown apartment glut? Never mind.

It looks like developers might not spoil the downtown apartment party after all. That's good news for landlords, but not tenants. A construction...

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River West apartments fetch nearly $86 million
News 3 months ago
River West apartments fetch nearly $86 million

A local real estate firm paid nearly $86 million for a River West apartment development, another data point suggesting that investors are cooling...

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Updating zoning maps key to battling corruption
News 3 months ago
Updating zoning maps key to battling corruption

Dozens of Chicago aldermen have gone to jail for misuse of their zoning authority, and last month's aldermanic corruption stories have taken the...

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The implosion of Kraft Heinz shows the limits of cost-cutting
News 3 months ago
The implosion of Kraft Heinz shows the limits of cost-cutting

Whether it's teacher salaries, physical retail stores or packaged goods companies, strategies based around cost-cutting are backfiring left and...

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Macy's needs a bigger idea than cost cuts
News 3 months ago
Macy's needs a bigger idea than cost cuts

Macy's Inc. started 2018 with a roar and ended it with a whimper. The mall stalwart reported on Tuesday that comparable sales rose 0.4 percent in...

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RSM moving Wacker Drive HQ across the street
News 3 months ago
RSM moving Wacker Drive HQ across the street

RSM is leaving its longtime Wacker Drive headquarters for a better view along the Chicago River. Facing a 2021 lease expiration at 1 S. Wacker...

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Developer breaks ground on apartments near McCormick Place
News 3 months ago
Developer breaks ground on apartments near McCormick Place

A Chicago developer that rolled out a plan three years ago to build an apartment and hotel complex two blocks from McCormick Place has begun work...

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Community bankers' nightmare comes true
News 3 months ago
Community bankers' nightmare comes true

The owners of Golden Eagle Community Bank in Woodstock wanted to cash out 10 years after launching the bank in 2007. But they were finding few...

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Lurie lists top worries of Chicago youth • Fighting physician burnout • Pipeline looks to outpatient care
News 3 months ago
Lurie lists top worries of Chicago youth • Fighting physician burnout • Pipeline looks to outpatient care

LURIE IDENTIFIES KID'S TOP SOCIAL ISSUES. Gun violence, bullying and poverty are the biggest social problems facing Chicago's youth, according to...

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Pipeline plans to invest in outpatient care after Westlake Hospital closure
News 3 months ago
Pipeline plans to invest in outpatient care after Westlake Hospital closure

Pipeline Health's application to close Westlake Hospital includes plans to invest at least $2.5 million in outpatient care in Melrose Park. The...

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2 big proposed TIFs move forward
News 3 months ago
2 big proposed TIFs move forward

The fate of two proposed tax-increment financing districts that would earmark as much as $2.4 billion in public money to fuel a pair of...

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Massive Near South Side neighborhood plan about to be unveiled
News 3 months ago
Massive Near South Side neighborhood plan about to be unveiled

Even as city officials weigh other proposed megadevelopment deals in and near downtown, a Wisconsin developer who played a key role in building...

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Lincoln Yards TIF clears key panel
News 3 months ago
Lincoln Yards TIF clears key panel

Sterling Bay is a key step closer to winning as much as $1.3 billion in public subsidies that would help make its Lincoln Yards megaproject a...

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It's time to modernize the assessor's office
News 3 months ago
It's time to modernize the assessor's office

Since being sworn into office in December, I have talked with some of the biggest real estate investors in the world, the CEOs of banks, small...

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Lincoln Yards TIF faces key vote
News 3 months ago
Lincoln Yards TIF faces key vote

Sterling Bay is poised today to take one of the final steps toward winning as much as $900 million in public subsidies that would help make its...

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McDonald's franchisees dump on delivery
News 4 months ago
McDonald's franchisees dump on delivery

Delivery is a high priority for McDonald's CEO Steve Easterbrook, and a big worry for franchisees. Easterbrook expects a rapidly expanding delivery...

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Tribune Media puts North Branch megasite up for sale
News 4 months ago
Tribune Media puts North Branch megasite up for sale

Tribune Media is looking to cash out on a massive stretch of land it owns along the Chicago River after winning city approval to build a sprawling...

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Amazon to New York
News 4 months ago
Amazon to New York

Amazon has dropped its plans for a major expansion in New York City that could have included 25,000 jobs. While it's a blow to New York, it could...

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First condo delivered at Robert A.M. Stern-designed high-rise in Streeterville
News 4 months ago
First condo delivered at Robert A.M. Stern-designed high-rise in Streeterville

A 43rd-floor condo was the first delivered to a buyer at a high-rise tower under construction in Streeterville that is a rare hybrid with...

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Condo owners lose key remedy for construction problems
News 4 months ago
Condo owners lose key remedy for construction problems

A recent Illinois Supreme Court ruling blocks a route condo owners have used for decades to seek financial recovery for defects in construction,...

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Big Streeterville apartment tower hits the market
News 4 months ago
Big Streeterville apartment tower hits the market

The owner of a big riverfront apartment tower in Streeterville has put the property up for sale, testing a downtown investment market clouded by...

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Florida firm buys two local condo managers
News 4 months ago
Florida firm buys two local condo managers

Two local residential management companies have been bought by a Florida-based firm that now has what may be the largest portfolio of Chicago...

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