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Marina slated for Navy Pier
News 2 months ago
Marina slated for Navy Pier

A commercial real estate developer who loves boating is behind a permanent marina set to open next year at Navy Pier. The roughly $9 million Navy...

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Look for a court challenge to that controversial ComEd ruling
News 2 months ago
Look for a court challenge to that controversial ComEd ruling

Illinois Attorney General Kwame Raoul is fighting the Illinois Commerce Commission's recent decision giving the utility 38 years to fully refund ...

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City nabbing land near Obama Presidential Center
News 2 months ago
City nabbing land near Obama Presidential Center

The city of Chicago asked one of its housing partners to nab land up for auction in Woodlawn, not far from the site, "to make sure it could ensure...

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Can Lightfoot expand Chicago's jobs pie while dividing it differently?
News 2 months ago
Can Lightfoot expand Chicago's jobs pie while dividing it differently?

An inside look at the numbers and philosophy behind Lightfoot's new economic development strategy. One hint: It's different from her predecessor's...

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Sales slipped on day 2 of legal weed
News 2 months ago
Sales slipped on day 2 of legal weed

The supply of marijuana is holding up better than the supply of retail workers. Cresco Labs shops will be closed January 6 to give a break to...

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Why some landlords shouldn't gripe too much about the assessor's new math
News 2 months ago
Why some landlords shouldn't gripe too much about the assessor's new math

Crain's research contradicts the popular narrative that Fritz Kaegi's office has overshot the market with its recent assessments. Here are the...

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Congestion tax only during ‘peak hours' and ‘downtown'? Not quite.
News 2 months ago
Congestion tax only during ‘peak hours' and ‘downtown'? Not quite.

I understand that the mayor wants to spin the congestion tax as being on rides only during "peak hours" "downtown," but Crain's doesn't have to...

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Partisan bickering threatens to derail property tax relief plan
News 2 months ago
Partisan bickering threatens to derail property tax relief plan

An unusual effort to pare Illinois' much-hated property tax system appears to be dissolving amid partisan bickering, with the GOP leaders of both...

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How did the year in Chicago real estate end?
News 2 months ago
How did the year in Chicago real estate end?

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Local home price values grew 0.5 percent year-over-year in October,...

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Revamped luxury senior living tower sold for $105 million
News 2 months ago
Revamped luxury senior living tower sold for $105 million

A group of real estate firms has sold a Near North Side luxury senior living tower for almost twice what it paid eight years ago, reaping the...

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Ringing in the New Year with weed
News 2 months ago
Ringing in the New Year with weed

Hundreds lined up in the wee hours at retail marijuana shops throughout the city and suburbs. "I'm just glad I don't have to worry about getting...

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David Pepper, CEO of family construction firm, dies at 59
News 3 months ago
David Pepper, CEO of family construction firm, dies at 59

The chief of Pepper Construction-the contractor for Starbucks' huge Mag Mile shop and Wrigley Field's renovation-was among his family's third...

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Record residential sales, standout homes
News 3 months ago
Record residential sales, standout homes

Click here to subscribe to Crain's Daily Gist on iTunes, Spotify and Stitcher! Crain's residential real estate reporter Dennis Rodkin looks back on...

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One Central mega-project gets a jolt of momentum
News 3 months ago
One Central mega-project gets a jolt of momentum

With help from Reince Priebus and top consultants, a plan to build an entirely new neighborhood west of Soldier Field has just gotten a major shot...

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One Central megaproject gets a jolt of momentum
News 3 months ago
One Central megaproject gets a jolt of momentum

With help from Reince Priebus and top consultants, a plan to build an entirely new neighborhood west of Soldier Field has just gotten a major shot...

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GCM Grosvenor to buy stake in Ohio energy terminal
News 3 months ago
GCM Grosvenor to buy stake in Ohio energy terminal

The Chicago asset manager has a deal to acquire 49.9 percent of a property that includes a 485-megawatt power plant under development. Chicago...

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A great way to derail progress on affordable housing
News 3 months ago
A great way to derail progress on affordable housing

Achieving the city's broader affordable housing goals gets harder if every deal is subject to a stickup from the local alderman. Unaccountable...

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Lincoln Yards to get 'robust' resident involvement, Lightfoot says
News 3 months ago
Lincoln Yards to get 'robust' resident involvement, Lightfoot says

The mayor argues that she's making good on her promise that big developments in Chicago, including Lincoln Yards and The 78, "will be met with...

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Look inside Sophia Bush’s West Loop loft, now at a lower price
News 3 months ago
Look inside Sophia Bush’s West Loop loft, now at a lower price

The former "Chicago PD" star has cut the price to $2.1 million on the home, whose stylish interior she collaborated on with a Chicago boutique...

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Joe Berrios under federal investigation
News 3 months ago
Joe Berrios under federal investigation

A federal grand jury subpoena is asking about contributions to the former Cook County assessor's retirement party and his access to private planes...

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Another big Fulton Market office project? Why not?
News 3 months ago
Another big Fulton Market office project? Why not?

Minneapolis developer Ryan Cos. is joining the herd of developers stampeding into the Fulton Market district, betting the cavalcade of companies...

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He helps vets start businesses
News 3 months ago
He helps vets start businesses

Todd Connor is CEO of Bunker Labs, a nonprofit organization. We asked him some random questions for our mini executive profile. U. S. Navy veteran...

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Former AMA building close to lease with restaurant software firm
News 3 months ago
Former AMA building close to lease with restaurant software firm

A fast-growing restaurant-software company is about to take two floors of office space in River North. Toast, which acquired Chicago-based StratEx...

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Nurses OK union at struggling medical center • CMS hands hospitals big win • Northwestern in Blues network
News 3 months ago
Nurses OK union at struggling medical center • CMS hands hospitals big win • Northwestern in Blues network

After several previous attempts failed, RNs at Community First Medical Center on Chicago's Northwest Side voted 207-16 to join National Nurses...

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What if you could fly private for the cost of first class?
News 3 months ago
What if you could fly private for the cost of first class?

Lots of people are trying to disrupt private aviation. Will PlaneFinder, from a member of a prominent local real estate family, be a winner?...

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Ernst & Young unit tapped to sell Thompson Center
News 3 months ago
Ernst & Young unit tapped to sell Thompson Center

A division of Ernst & Young will lead the state's effort to find an acceptable buyer for the Loop's Thompson Center. Gov. J. B. Pritzker's office...

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'Talent is universal, but opportunity is not'
News 3 months ago
'Talent is universal, but opportunity is not'

Penny Pritzker is making a $100 million commitment to boosting Chicago neighborhoods. Crain's reporter Dennis Rodkin discusses the move-and other...

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Investors cash out of River North building
News 3 months ago
Investors cash out of River North building

Investing in the strong River North loft office market has paid off well for a local investor group, which cashed out of a building on LaSalle...

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From drag club to pot shop?
News 3 months ago
From drag club to pot shop?

Cresco and Grassroots are seeking the first new weed stores, in River North, under the new city zoning rules. It's just the start of a long process...

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The challenge in Lightfoot's new jobs plan
News 3 months ago
The challenge in Lightfoot's new jobs plan

The mayor's goal to grow Chicago back to 3 million people includes a lot of elements of Emanuel's plan for economic development, but tries to...

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