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Horizon pays $115 million for Takeda campus
News 1 month ago
Horizon pays $115 million for Takeda campus

The drugmaker, which disclosed the price in a filing today, will move its Lake Forest office to the 70-acre Deerfield property later this year....

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Abbott integrating blood sugar monitors, insulin pumps • Treatment center enters Chicago market • Meet Lurie's new CEO
News 1 month ago
Abbott integrating blood sugar monitors, insulin pumps • Treatment center enters Chicago market • Meet Lurie's new CEO

Abbott and Insulet plan to offer diabetes patients an integrated system that pairs their blood glucose numbers with the insulin they take through...

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Target to open huge warehouse in Little Village
News 1 month ago
Target to open huge warehouse in Little Village

The big retailer has cut a deal to occupy a controversial industrial development underway on the former Crawford Power Plant site. Target plans to...

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This new book is very Rahm—both good and bad
News 1 month ago
This new book is very Rahm—both good and bad

"Mayors... run the only governments left in the world that are immediate, intimate and impactful," the ex-mayor writes in his new book. Greg Hinz...

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Making suburban office parks cool? They're working on it.
News 1 month ago
Making suburban office parks cool? They're working on it.

Recent demand momentum is spurring more landlords to plow capital into well-located suburban office buildings, some proving there's money to be...

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Deere surprises with profit increase
News 1 month ago
Deere surprises with profit increase

The machinery giant maintained its annual outlook as early signs of stabilization in the U. S. farm sector offset a slowdown in construction....

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Event-planning hub PartySlate raises $5.5 million
News 1 month ago
Event-planning hub PartySlate raises $5.5 million

PartySlate, one of the few Chicago venture-backed tech startups founded by a woman, raised another $5.5 million. The website for party planners and...

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500 jobs coming to new Fulton Market HQ
News 1 month ago
500 jobs coming to new Fulton Market HQ

A dental practice services company plans to add up to 500 jobs over the next three years at its sprawling new headquarters in the Fulton Market...

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Developer plans apartments on deep-discount Lake Shore Drive site
News 1 month ago
Developer plans apartments on deep-discount Lake Shore Drive site

A 36-unit building is slated for the Lakeview site, which JAB Real Estate bought for less than half what Col. Jennifer Pritzker's Tawani...

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West Coast tech firms bulk up in Chicago
News 1 month ago
West Coast tech firms bulk up in Chicago

Two San Francisco companies are joining the party of West Coast tech firms opening big Chicago offices to prepare for a local hiring spree. In one...

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Oak Brook shopping center sells for a loss
News 1 month ago
Oak Brook shopping center sells for a loss

A Canadian investment firm sold the Shops at Oak Brook Place for $75.3 million, down nearly 18 percent from the property's $91.3 million value in...

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Big law firm bolting Wacker Drive for new Union Station tower
News 1 month ago
Big law firm bolting Wacker Drive for new Union Station tower

A newly formed legal giant is consolidating two Wacker Drive offices into one under construction next to Union Station. In a boost to developer...

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Big Fulton Market site set to sell for $60 million
News 1 month ago
Big Fulton Market site set to sell for $60 million

Construction and design company Clayco could redevelop the Bridgford Foods property into a big apartment building near the heart of the corporate...

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The 78 lands a big tenant draw with DPI
News 1 month ago
The 78 lands a big tenant draw with DPI

In an era of companies moving entire headquarters to gain an edge in recruiting top tech talent, Related Midwest can now point to the prospect of...

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Investor alarm over malls prompts surge in real estate fund redemptions
News 1 month ago
Investor alarm over malls prompts surge in real estate fund redemptions

The latest to come under duress: UBS Group AG's flagship real estate fund, which has raised about $25 billion and owns malls across the U.S....

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Mall giant Simon to buy Taubman Centers
News 1 month ago
Mall giant Simon to buy Taubman Centers

Mall giant Taubman Centers Inc. is being sold for $3.6 billion to a rival shopping mall firm, the companies announced Monday. Indianapolis-based...

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The Forum
News 1 month ago
The Forum

From the pension crisis to gun violence, the city and state face a whole host of seemingly intractable problems. Over the next 12 months, Crain's...

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Wealthy Illinoisans (like me) should pay more income taxes
News 1 month ago
Wealthy Illinoisans (like me) should pay more income taxes

Gov. J. B. Pritzker says his graduated income tax proposal would stabilize the state's finances while allowing middle-class families to pay less....

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Taxed to the max? Illinois’ outdated tax system hurts everyone, but mostly those with the least. #CrainsForum
News 1 month ago
Taxed to the max? Illinois’ outdated tax system hurts everyone, but mostly those with the least. #CrainsForum

Taxed to the max? Why are my property taxes so high? Illinois' outdated tax system hurts everyone, but mostly those with the least. An overhaul is...

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Why are my property taxes so high?
News 1 month ago
Why are my property taxes so high?

Because of Illinois' outdated tax system, schools and municipalities rely heavily on property taxes to cover expenses-and rates have risen...

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Investor pays $15 million to convert Lakeview condo building into apartments
News 1 month ago
Investor pays $15 million to convert Lakeview condo building into apartments

Owners in the 58-unit building approved the sale 16 days before the city established an ordinance making such "condo deconversions" tougher to pull...

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Chicago retail real estate market improves, but it's still not good
News 1 month ago
Chicago retail real estate market improves, but it's still not good

The Chicago-area retail vacancy rate has fallen for three straight quarters and now stands at its lowest level in two years. But competition from e...

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West Loop block poised for new development, sale
News 1 month ago
West Loop block poised for new development, sale

The owners of neighboring buildings on the 500 block of Randolph are looking to capitalize in different ways on downtown's thriving office market....

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CIBC shuffles management decks, eliminates Illinois lending chief position
News 1 month ago
CIBC shuffles management decks, eliminates Illinois lending chief position

The lender is taking a broader U. S. view of commercial banking after its buyout of Chicago's PrivateBancorp. Bruce Lubin, who had been president...

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Ambitious plan for West Garfield Park lands $100 million in financing
News 1 month ago
Ambitious plan for West Garfield Park lands $100 million in financing

An out-of-town investor has made the pledge, says neighborhood native Siri Hibbler, to her proposed mix of apartments, retail shops, a tech...

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Why this developer sees green in Englewood and Woodlawn
News 1 month ago
Why this developer sees green in Englewood and Woodlawn

If revitalizing Chicago's depressed South Side neighborhoods is about creating a positive ripple effect, Leon Walker wants to be one of the first...

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High-income renters drive Chicago apartment boom
News 1 month ago
High-income renters drive Chicago apartment boom

New data from the Harvard Joint Center for Housing Studies show just how much well-off renters have changed the apartment market here and across...

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Chicago's Meeting and Event Planning Guide
News 1 month ago
Chicago's Meeting and Event Planning Guide

Welcome to the inaugural edition of Crain's Content Studio's Meeting and Event Planning Guide, showcasing a cross-section of the city's myriad...

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Seattle investor aims to turn around struggling suburban shopping center
News 1 month ago
Seattle investor aims to turn around struggling suburban shopping center

Bridge33 paid $14.9 million for Broadview Village Square at a time when many investors are shying away from retail real estate. "We're not scared...

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Former Old Post Office broker tapped to revamp downtown towers
News 1 month ago
Former Old Post Office broker tapped to revamp downtown towers

A New York real estate firm that put all seven of its downtown Chicago office towers up for sale last year now hopes to revamp and lease them up...

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