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2 local stores among new Sears closures
News 2 months ago
2 local stores among new Sears closures

Sears' parent said it would close 26 stores, including locations in west suburban Bloomingdale and Merrillville, Ind. The closures, 21 Sears and...

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Walgreens closing 200 stores
News 2 months ago
Walgreens closing 200 stores

Adding to already announced cuts of up to 750 stores, the moves are part of a cost-saving plan the chain says is needed to overhaul many parts of...

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Sterling Bay Fulton Market HQ selling to German investor
News 2 months ago
Sterling Bay Fulton Market HQ selling to German investor

The office building on the western edge of the trendy corridor is poised to trade for around $175 million in what would be the city's biggest...

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Sterling Bay's Fulton Market HQ selling to German investor
News 2 months ago
Sterling Bay's Fulton Market HQ selling to German investor

The office building on the western edge of the trendy corridor is poised to trade for around $175 million in what would be the city's biggest...

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DuPage development agency rehires its old boss
News 2 months ago
DuPage development agency rehires its old boss

In a case of out with the new and in with the old, DuPage County has shaken up the leadership of its economic development unit, bringing back its...

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Pritzker launches property tax task force
News 2 months ago
Pritzker launches property tax task force

The group has a tight turnaround deadline-within 90 days, it must report back with administrative, electoral and legislative changes it suggests....

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How much affordable housing is too much?
News 2 months ago
How much affordable housing is too much?

It's a tough question to answer, but it's one City Hall must get right as it weighs proposals that could either make Chicago more livable for many...

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The week in Chicago residential real estate
News 2 months ago
The week in Chicago residential real estate

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and...

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DePaul College Prep acquires new campus
News 2 months ago
DePaul College Prep acquires new campus

The Catholic high school said it will move to the new 17-acre Roscoe Village location next year after its enrollment has expanded. DePaul College...

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City Council has no financial analyst as crucial budget cycle approaches
News 2 months ago
City Council has no financial analyst as crucial budget cycle approaches

The Office of Financial Analysis, which is supposed to inform aldermen on the budget and costs of other government operations, is without a...

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Chicago investor buying Grubhub HQ
News 2 months ago
Chicago investor buying Grubhub HQ

A prominent Chicago developer is set to pay more than $80 million for a landmark Loop office building, buying it from an investor that expected it...

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Time for Amtrak and Metra to bury the hatchet
News 2 months ago
Time for Amtrak and Metra to bury the hatchet

Others have it rougher. Especially those who have to travel through Chicago Union Station, a stately but outworn edifice that's completely...

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Development and hockey
News 2 months ago
Development and hockey

Tony Rossi Sr., 78, is chairman of RMK Management, a Chicago property manager, and president of M&R Development, a Chicago-based apartment...

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Wintrust tees up another suburban bank deal
News 2 months ago
Wintrust tees up another suburban bank deal

The $91 million deal for Countryside Bank buys Wintrust a foothold in the southwest suburbs, largely places Wintrust isn't in currently. Wintrust...

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Chicago's new housing commissioner prioritizes equity, funding balance
News 2 months ago
Chicago's new housing commissioner prioritizes equity, funding balance

Marisa Novara, the city's first housing commissioner in 10 years, calls for a citywide approach that assesses impacts on communities of color....

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Lightfoot taps new members for key development, immigrant aid posts
News 2 months ago
Lightfoot taps new members for key development, immigrant aid posts

Mayor Lori Lightfoot continues to purge former mayor Rahm Emanuel's appointees to city boards and offices. She announced this week key appointments...

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Amtrak, Metra hit impasse on new Union Station deal
News 2 months ago
Amtrak, Metra hit impasse on new Union Station deal

Negotiations have broken off between Amtrak and Metra for a new lease governing the suburban rail agency's use of Chicago Union Station casting a...

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Illinois Senate president floats affordable housing incentive plan
News 2 months ago
Illinois Senate president floats affordable housing incentive plan

The president of the Illinois Senate is floating a plan to create more affordable housing here-even in the toniest of new luxury apartment...

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The story behind those commercial tax rate hikes everyone's mad about
News 2 months ago
The story behind those commercial tax rate hikes everyone's mad about

Much of Cook County's business community has been absolutely terrified by reports that Fritz Kaegi-the county's new, reform-minded assessor-is in...

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Lightfoot's about to make a bad bet
News 2 months ago
Lightfoot's about to make a bad bet

The new mayor has tipped her hand as to where she'd like to place a casino in Chicago-and unfortunately for the city, it's possible she's going to...

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The story behind those commercial assessment hikes everyone's mad about
News 2 months ago
The story behind those commercial assessment hikes everyone's mad about

Much of Cook County's business community has been absolutely terrified by reports that Fritz Kaegi-the county's new, reform-minded assessor-is in...

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Does co-working space help or hurt a building's value?
News 2 months ago
Does co-working space help or hurt a building's value?

For Chicago office landlords, signing WeWork or another co-working firm to their tenant roster is a gamble. There's a big upside as companies flock...

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Why Lampert and Sears are fighting over HQ land
News 2 months ago
Why Lampert and Sears are fighting over HQ land

Former Sears CEO Edward Lampert has bested the bankrupt retailer's estate in a tug-of-war over an unlikely prize-120 acres of undeveloped land at...

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Here's how the 'fair workweek' rule would hurt us, safety-net hospitals say
News 2 months ago
Here's how the 'fair workweek' rule would hurt us, safety-net hospitals say

Chicago-area hospitals that serve low-income patients say they won't survive under the proposed "fair workweek" ordinance. The measure, which would...

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How Chicago can invest in Englewood
News 2 months ago
How Chicago can invest in Englewood

There are concrete steps Chicago can take to become a city that promotes investment in the South and West sides-starting with Englewood, where my...

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Chicago raids Detroit for top planning official
News 2 months ago
Chicago raids Detroit for top planning official

Detroit planning director Maurice Cox came to Detroit in 2015 from the University of Tulane with an academic background as a heralded urban planner...

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Utah company is front-runner to operate Chicago's port
News 3 months ago
Utah company is front-runner to operate Chicago's port

The board running Chicago's port is considering turning over operations to a Utah transportation and logistics company. Savage Enterprises,...

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Barneys exploring restructuring, bankruptcy
News 3 months ago
Barneys exploring restructuring, bankruptcy

Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland & Ellis, according to people with knowledge of the situation....

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Public-private funding to boost West Side job training
News 3 months ago
Public-private funding to boost West Side job training

The North Lawndale Employment Network aims to double the number of West Side residents is serves, thanks to $5 million it's getting in private and...

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Investor's $92 million deal for Gold Coast condo tower clears big hurdle
News 3 months ago
Investor's $92 million deal for Gold Coast condo tower clears big hurdle

Persistence has paid off for a New York investor trying to pull off a takeover of a 38-story Gold Coast condominium tower. In late June, condo...

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