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Fulton Market food wholesaler cashing out
News 3 months ago
Fulton Market food wholesaler cashing out

A suburban real estate investor is picking up one of the last remaining industrial properties waiting to be redeveloped in the heart of the Fulton...

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Here are the five sites Lori Lightfoot wants to study for the city casino
News 3 months ago
Here are the five sites Lori Lightfoot wants to study for the city casino

The city of Chicago today released a list of five sites it wants to get a close financial look at as the possible location for the city's new...

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Housing’s ‘missing middle’ keeps shrinking
News 3 months ago
Housing’s ‘missing middle’ keeps shrinking

Last year, developers in the U. S. completed 211,000 new housing units in buildings of 50 units or more, the biggest number on record. The total...

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Nine ways to rejuvenate Chicago’s forgotten neighborhoods
News 3 months ago
Nine ways to rejuvenate Chicago’s forgotten neighborhoods

Over a century ago, Jane Addams argued that urban environments directly shape human behavior. People's lives are framed by social arrangements and...

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606 trail downzoning plan poses test for Lightfoot
News 3 months ago
606 trail downzoning plan poses test for Lightfoot

In an early test of efforts to curb so-called aldermanic prerogative, a fair-sized political squabble has broken out over a proposal to downzone...

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606 trail downzoning plan poses test for Lightfoot on aldermanic privilege
News 3 months ago
606 trail downzoning plan poses test for Lightfoot on aldermanic privilege

In an early test of efforts to curb so-called aldermanic prerogative, a fair-sized political squabble has broken out over a proposal to downzone...

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Logan Square church-turned-apartment building sells for $4.36 million
News 3 months ago
Logan Square church-turned-apartment building sells for $4.36 million

A 1906 church-turned-apartment building in Logan Square sold for $4.36 million this month, according to Cook County public records. Glencoe-based...

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Suburban office vacancy hits to 2-year low
News 3 months ago
Suburban office vacancy hits to 2-year low

Outdated and largely empty buildings are still a thorn in the side of suburban Chicago office landlords, but a recent streak of companies moving...

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It's a challenge, but Chicago has opportunities to add parkland
News 3 months ago
It's a challenge, but Chicago has opportunities to add parkland

Through its storied and at times fraught history of public parks, Chicago has long been a place where people have sought out nature. Parks provide...

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Clean up your act, General Iron
News 3 months ago
Clean up your act, General Iron

Be a good neighbor, not a polluter. Because I live just steps away from General Iron, I know the difference all too well ("A parting gesture from...

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Ulta Beauty faces its Walgreens moment
News 3 months ago
Ulta Beauty faces its Walgreens moment

Ulta Beauty, a rare growth story among brick-and-mortar retailers, is looking abroad as expansion opportunities at home dwindle. Bolingbrook-based...

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Apartment values grow fast in Logan Square area
News 3 months ago
Apartment values grow fast in Logan Square area

A 41-unit apartment building on the edge of Logan Square recently sold for nearly double what the previous owner paid in 2015, underscoring how hot...

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Tech firm expands Loop offices amid hiring spree
News 3 months ago
Tech firm expands Loop offices amid hiring spree

Serving small businesses is quickly turning ActiveCampaign into a big one, and it's adding a chunk of new office space to accommodate its growth....

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'Top of the world' views from the 77th floor at Aqua
News 3 months ago
'Top of the world' views from the 77th floor at Aqua

"It's like looking at a different painting every day," Bill Zeiler said of his 77th story view of highrises, lake, river and sky, which change with...

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Magnetar founder dives into VC
News 3 months ago
Magnetar founder dives into VC

Magnetar Capital founder and CEO Alec Litowitz made his name running the second-biggest hedge fund in the Chicago area, but his family office...

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Look inside Lettuce's new Pizzeria Portofino on the river
News 3 months ago
Look inside Lettuce's new Pizzeria Portofino on the river

Pizzeria Portofino opened yesterday as the first phase of Lettuce Entertain You Enterprises' riverfront project. The four-story, river-facing space...

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Charlotte investor stakes big claim in Fulton Market
News 3 months ago
Charlotte investor stakes big claim in Fulton Market

A North Carolina real estate investment firm has picked up a handful of prominent properties in the Fulton Market District, joining the cast of...

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Fulton Market fears
News 3 months ago
Fulton Market fears

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Crain's real estate reporter Danny Ecker talks about office and...

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Downtown office vacancy lowest since 2016
News 3 months ago
Downtown office vacancy lowest since 2016

Big downtown office projects in the pipeline keep picking off tenants from other buildings, but most landlords are still enjoying the spoils of a...

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European retailer Primark coming to State Street
News 3 months ago
European retailer Primark coming to State Street

European low-cost fashion retailer Primark is opening its first Midwestern store in downtown Chicago, plugging a big space on the State Street...

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Property tax increases too much to bear
News 3 months ago
Property tax increases too much to bear

I think this 11 percent average understates the situation in a lot of neighborhoods, particularly mine ("If you live in these areas, your property...

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Would you pay $7 million to live in Trib Tower?
News 3 months ago
Would you pay $7 million to live in Trib Tower?

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Today, host Amy Guth talks with Crain's Chicago Business residential...

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Daley nephew promoted at Lazard
News 3 months ago
Daley nephew promoted at Lazard

Investment banking firm Lazard quietly promoted senior adviser Pete Thompson recently to a top role in its Chicago office as chairman of the...

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Cryptocurrency exchange Gemini expands to Chicago
News 3 months ago
Cryptocurrency exchange Gemini expands to Chicago

New York-based cryptocurrency exchange Gemini Trust joined the Chicago sector today, opening a Loop office. Gemini intends the new office as an ...

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Owners rebuff $92 million deal for Gold Coast condo tower, but it's not dead yet
News 3 months ago
Owners rebuff $92 million deal for Gold Coast condo tower, but it's not dead yet

As it wraps up the biggest takeover ever of a Chicago condo building, a New York investor is facing resistance on a proposed $92 million deal for...

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Skokie investor looks to flip River North loft office
News 3 months ago
Skokie investor looks to flip River North loft office

A local real estate investor that bought a vintage office building in River North four years ago and revamped its tenant roster is aiming to sell...

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Why does South Shore resist gentrification?
News 3 months ago
Why does South Shore resist gentrification?

Between 1960 and 1970, the racial makeup of South Shore, the lakefront neighborhood between 67th Street and 79th, went from 90 percent white and 10...

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New TIF war breaks out—in Kenilworth
News 3 months ago
New TIF war breaks out—in Kenilworth

Chicago isn't the only place where they're fighting about tax-increment financing. A political brawl of sorts-North Shore-style-has broken out in,...

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California investor buying Michigan Avenue office building
News 3 months ago
California investor buying Michigan Avenue office building

A California real estate investor that recently bought into Chicago's suburban office market is turning its attention downtown, picking up an...

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He's managing a boutique cigar empire—from Warrenville
News 3 months ago
He's managing a boutique cigar empire—from Warrenville

The world of premium cigar making is centered in places like Tampa, the Dominican Republic and Nicaragua-and Cuba if you can wrangle a legal visit....

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