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Landmark deal for Catholic schools in Chicago
News 1 month ago
Landmark deal for Catholic schools in Chicago

In what's being described as the largest such arrangement in the country, Big Shoulders Fund is taking a 51 percent stake-and more operational...

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U of C pays $20 million for new Jewel-Osco in Woodlawn
News 2 months ago
U of C pays $20 million for new Jewel-Osco in Woodlawn

The store became a symbol of the neighborhood's comeback, bringing fresh produce and other healthy food options to a South Side "food desert,"...

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Chandra Jha, a structural engineer who worked on the Hancock and developed a Streeterville high-rise, dies at 93
News 2 months ago
Chandra Jha, a structural engineer who worked on the Hancock and developed a Streeterville high-rise, dies at 93

Chandra Jha, a structural engineer whose projects included an innovative high-rise in Streeterville, died on Jan. 21 at Northwestern Memorial...

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A rare—and huge—investment in a Chicago marketing tech firm
News 2 months ago
A rare—and huge—investment in a Chicago marketing tech firm

ActiveCampaign, which helps small companies automate customer marketing, raised $100 million. The deal, led by Susquehanna Growth Equity, is one of...

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Drugmaker Horizon buying Takeda's Deerfield campus
News 2 months ago
Drugmaker Horizon buying Takeda's Deerfield campus

A growing drugmaker is buying Takeda Pharmaceutical's former headquarters in Deerfield, breathing new life into the sprawling high-profile property...

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River North developer forges ahead with 30-story office plan
News 2 months ago
River North developer forges ahead with 30-story office plan

Friedman Properties has revamped its plan for a building in the neighborhood, hoping to tap into the flood of companies adding space downtown. The...

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Fifth Third to invest $20 million in South and West side opportunity zones
News 2 months ago
Fifth Third to invest $20 million in South and West side opportunity zones

Meanwhile, Gov. J. B. Pritzker announced that the state is starting a $12 million program to encourage private investment in such areas around the...

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Artists are moving into Pullman’s first new homes in decades
News 2 months ago
Artists are moving into Pullman’s first new homes in decades

The 38-unit project is made up of one new building and a pair of long-empty buildings that have been rehabbed. "It's a supportive community that a...

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Amazon nears deal to put big distribution center in Pullman
News 2 months ago
Amazon nears deal to put big distribution center in Pullman

The e-commerce giant has an agreement in principle for a $60 million, 150,000-square-foot facility that will employ up to 300 workers. That's the...

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First case of coronavirus confirmed in Chicago
News 2 months ago
First case of coronavirus confirmed in Chicago

"This is not a local emergency": City officials say the victim is a woman in her 60s who returned from the Chinese city at the center of the...

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Microsoft plants seeds for data center at former suburban farm
News 2 months ago
Microsoft plants seeds for data center at former suburban farm

The company paid $52.3 million for 37 acres in the Elk Grove Technology Park, while T5 Data Centers acquired a new building there for $29 million....

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Big Ten Network expands at Groupon HQ
News 2 months ago
Big Ten Network expands at Groupon HQ

Developer Sterling Bay locked up long-term deals with the network and chocolate manufacturer Barry Callebaut at 600 W. Chicago Ave. After wrapping...

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Northwestern provost nabbed by Rutgers
News 2 months ago
Northwestern provost nabbed by Rutgers

Northwestern University is losing its provost, Jonathan Holloway, to Rutgers University, where he will become that school's first black president....

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Why developers are worried Lightfoot will go too far
News 2 months ago
Why developers are worried Lightfoot will go too far

The city of Chicago's push to strengthen an ordinance requiring developers to include affordable apartments or condos in their projects is scaring...

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72-condo project slated for West Loop
News 2 months ago
72-condo project slated for West Loop

Belgravia Group and JRG Capital Partners plan to build on the headquarters site of Hubbard Street Dance, which has sold them the property. Hubbard...

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Revamped 'Big Red' selling for $370 million
News 2 months ago
Revamped 'Big Red' selling for $370 million

A New York investor is making a bet that has recently scared off some others: buying a big office building in the heart of downtown Chicago. In a...

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New ways for-profits aim to lure primary care patients • Hospital growth slipping • Court won't hurry on ACA
News 2 months ago
New ways for-profits aim to lure primary care patients • Hospital growth slipping • Court won't hurry on ACA

FOR-PROFIT COMPANIES USING NEW MODELS TO COMPETE FOR PATIENTS: Oak Street is one of a rapidly growing number of primary-care providers that offer...

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This West Loop building's problem? It didn't have enough $3 million condos.
News 2 months ago
This West Loop building's problem? It didn't have enough $3 million condos.

So the developer reworked the plans to add more. It's another indication of the ravenous appetite for high-end condos in the city's hottest...

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Marijuana money wafts across the Illinois economy
News 2 months ago
Marijuana money wafts across the Illinois economy

Andy Poticha's company, Mosaic Construction, which oversees design and project management, gets more than half of its revenue from marijuana...

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Why is this alderman throwing a monkey wrench into the works?
News 2 months ago
Why is this alderman throwing a monkey wrench into the works?

At a time when City Hall should be fighting for every manufacturing job it can possibly create or import, one alderman wants to use the city's...

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Remap reform advocates trying a new tack
News 2 months ago
Remap reform advocates trying a new tack

It's worth a try. But if the latest effort to revamp the way Illinois draws legislative and congressional district lines is to succeed, advocates...

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Hospitals urge Supreme Court action on ACA • Horizon to support Lake County bioscience incubator • Astellas closes on Audentes deal
News 2 months ago
Hospitals urge Supreme Court action on ACA • Horizon to support Lake County bioscience incubator • Astellas closes on Audentes deal

The American Hospital Association and other hospital groups are urging the Supreme Court to review a federal appeals court ruling calling the ACA...

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Co-working firm heading to new Loop office building
News 2 months ago
Co-working firm heading to new Loop office building

Developers Thomas Roszak and Dan Moceri have turned to a popular type of tenant-co-working-to help jump-start their first Chicago office building....

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Theaster Gates buys co-op unit in Hyde Park
News 2 months ago
Theaster Gates buys co-op unit in Hyde Park

Theaster Gates, an artist and art professor with several high-visibility projects on the South Side, bought a four-bedroom unit in a Hyde Park...

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Theaster Gates buys coop unit in Hyde Park
News 2 months ago
Theaster Gates buys coop unit in Hyde Park

Theaster Gates, an artist and art professor with several high-visibility projects on the South Side, bought a four-bedroom unit in a Hyde Park...

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Rep. Lipinski keeps big labor backing—barely
News 2 months ago
Rep. Lipinski keeps big labor backing—barely

The Illinois AFL-CIO throws its backing to the incumbent in a bitter Southwest Side race, even the Chicago Federation of Labor urged it to sit out...

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Wheeling apartments sell for $54 million
News 2 months ago
Wheeling apartments sell for $54 million

A Naperville developer has paid $54 million for a big Wheeling apartment complex, its latest in a series of deals in the Chicago area. Marquette...

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Toronto set to vault past Chicago in skyscraper rankings
News 2 months ago
Toronto set to vault past Chicago in skyscraper rankings

With 67, Canada's largest city ranks third on the continent for tall buildings of at least 150 meters (492 feet), but with 31 more under...

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Boondoggle or boon, this Trump tax break draws billions
News 2 months ago
Boondoggle or boon, this Trump tax break draws billions

They just pumped $2.26 billion into funds that are planning to take advantage of "opportunity zone" tax incentives, a 51% jump from early December,...

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Life sciences hub planned for Fulton Market
News 2 months ago
Life sciences hub planned for Fulton Market

Developer Trammell Crow aims to build a 400,000-square-foot lab and office building in the trendy corridor, hoping it will help nurture biotech and...

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