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Lipinski moving to turn control over Union Station to Metra
News 3 months ago
Lipinski moving to turn control over Union Station to Metra

After a testy Washington hearing today, the Chicago congressman laid out plans to force Amtrak to cede control to its largest tenant-assuming Metra...

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Lightfoot releases plan to save Chicago casino, but prospects uncertain
News 3 months ago
Lightfoot releases plan to save Chicago casino, but prospects uncertain

The mayor backs language filed in the Senate to restructure taxes on the proposed casino in hopes of attracting an operator who will build and run...

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After suing city, developer now seeks its approval for big Pilsen project
News 3 months ago
After suing city, developer now seeks its approval for big Pilsen project

Property Markets Group is seeking City Council permission to build a 434-unit apartment development in the neighborhood even as it continues to...

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Lightfoot gets budget help from Civic Federation
News 3 months ago
Lightfoot gets budget help from Civic Federation

The often critical watchdog group raises some concerns, but mostly has nice things to say about the mayor's $9.9 billion city spending plan for...

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Amazon 4-star store opens in Oak Brook
News 3 months ago
Amazon 4-star store opens in Oak Brook

Amazon opened an Amazon 4-star store today in Oak Brook, marking the tech giant's first such store in the Chicago area. The brick-and-mortar store,...

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Inside the world's largest Starbucks
News 3 months ago
Inside the world's largest Starbucks

The coffee chain's four-story Chicago Reserve Roastery, inside the old Crate & Barrel flagship on Michigan Avenue, is set to open Nov. 15....

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Chicago developers planning Near North Side hotel
News 3 months ago
Chicago developers planning Near North Side hotel

Developers want to add six stories to this former Catholic school at 1035-1065 N. Orleans St. and turn it into a hotel. A group of Chicago real...

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Uber sharpens attack on Lightfoot's proposed tax hike
News 3 months ago
Uber sharpens attack on Lightfoot's proposed tax hike

The ride-hailing company moves to enlist drivers and clients in an effort to block or tone down $40 million in levies from the mayor's 2020 budget....

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Former Bear opening Loop nonprofit hub
News 3 months ago
Former Bear opening Loop nonprofit hub

Longtime defensive end Israel Idonije is building out what he hopes will become a philanthropy-focused version of tech incubator 1871. Israel...

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Last week's most-viewed real estate stories
News 3 months ago
Last week's most-viewed real estate stories

A rendering of a 68th-floor living room in a unit at One Chicago, a luxurious condo tower under construction near Holy Name Cathedral. Topping our...

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Nonprofit hospitals forced to defend hundreds of millions in property tax breaks
News 3 months ago
Nonprofit hospitals forced to defend hundreds of millions in property tax breaks

Chicago's nonprofit hospitals face new pressure to justify property tax exemptions worth hundreds of millions of dollars. Nonprofits in Illinois...

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Now even healthy malls struggle to find financing
News 3 months ago
Now even healthy malls struggle to find financing

Add leery lenders to the list of problems facing mall owners already battered by store closures and the growth of online shopping. If finding...

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AutoCanada says it will close two 'loss-generating franchises' in Chicago
News 3 months ago
AutoCanada says it will close two 'loss-generating franchises' in Chicago

The company said on an earnings call Friday that it is closing Chevrolet of Lincoln Park and Cadillac of Lincoln Park, which shared an address in...

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Sears lines up $250M in financing—and plans to shutter a third of its stores
News 3 months ago
Sears lines up $250M in financing—and plans to shutter a third of its stores

Sears won a $250 million lifeline from lenders that include owner Eddie Lampert. The new loan increases by about $100 million the $150 million of...

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What River North's newest luxury condos will look like
News 3 months ago
What River North's newest luxury condos will look like

A first look inside the high-end condos going up across from Holy Name Cathedral, an actual yellow brick road honoring the writer of "The Wizard of...

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Property taxes will fund most of CTU's $1.5 billion new contract
News 3 months ago
Property taxes will fund most of CTU's $1.5 billion new contract

Chicago Public Schools says it's confident it will be able to pay for the contract-but only with $100 million a year in new property taxes and aid...

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Here's the first look inside those high-end condos going up across from Holy Name
News 3 months ago
Here's the first look inside those high-end condos going up across from Holy Name

Above: a drone-shot tour of one unit's balcony and views. Waking up with the sunrise will be easy for residents in a luxurious condo tower under...

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Golub venture takes over massive Near South Side apartment complex
News 3 months ago
Golub venture takes over massive Near South Side apartment complex

After completing their $180 million acquisition of Prairie Shores-the biggest Chicago apartment property to change hands since 2007-Golub and its...

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Lightfoot opening neighborhood small-business centers
News 3 months ago
Lightfoot opening neighborhood small-business centers

As sure as the first robin of spring, you can bet your ballot box that a new mayor will promptly roll out a plan to slash red tape and make life...

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JLL shares jump on strong profit report
News 3 months ago
JLL shares jump on strong profit report

A strong commercial real estate market and the company's recent acquisition of rival brokerage HFF have boosted revenue and profits. Shares of...

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Chicago's planning chief vows to jump-start lagging neighborhood investment
News 3 months ago
Chicago's planning chief vows to jump-start lagging neighborhood investment

Maurice Cox says more early funding, counseling and geographic focus is needed to get more retail outlets open on the South and West sides. But the...

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Studio space is in high demand. So are warehouses.
News 3 months ago
Studio space is in high demand. So are warehouses.

The Illinois Film Office wants real estate investors to invest in more space for film and TV production, but the rise of online shopping has fueled...

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The wrong way to fix a real problem
News 3 months ago
The wrong way to fix a real problem

Holding hostage a key part of Lori Lightfoot's fiscal plan for the cash-strapped city of Chicago won't ease homelessness. In fact, it could very...

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Cullerton risks an unforced error on Springfield ethics
News 3 months ago
Cullerton risks an unforced error on Springfield ethics

When you look like less of a reformer than House Speaker Mike Madigan-and right now, that's how the Senate president does look-you've got a problem...

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Unsavory business practices on display in condo takeover attempt
News 3 months ago
Unsavory business practices on display in condo takeover attempt

Thank you for your fair reporting on the farcical attempt at a Section 15 hostile takeover of our condominium units at 201 E. Delaware by Richard...

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Chicago is the greenest place to work in America
News 3 months ago
Chicago is the greenest place to work in America

"Chicago has some of the oldest office property in the U. S. and you are starting to see more complete retrofits. These green incentives draw...

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Why the 2017 tax law is 'a killer' for Lake County
News 3 months ago
Why the 2017 tax law is 'a killer' for Lake County

From local home market data to a look inside a Lincoln Park penthouse and more, Crain's residential real estate reporter Dennis Rodkin catches us...

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Restaurants coming to Maywood Park retail project
News 3 months ago
Restaurants coming to Maywood Park retail project

Chicago developer Mitch Goltz has acquired nearly 16 acres on the site of the former horse track and says he's already lined up commitments for...

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City loosening funds for South and West side entrepreneurs
News 3 months ago
City loosening funds for South and West side entrepreneurs

Among changes to the way Chicago doles out Neighborhood Opportunity Fund grants: More money upfront, and letting city money flow to marijuana...

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Michelle Obama defends Jackson Park site at Obama Foundation Summit
News 3 months ago
Michelle Obama defends Jackson Park site at Obama Foundation Summit

The former first lady described the presidential center's location as an intentional and strategic decision. Here are the latest updates from today...

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