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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 Illinois’ outdated tax system hurts everyone, but mostly those with the least.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 Illinois’ outdated tax system hurts everyone, but mostly those with the least.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 Illinois' outdated tax system hurts everyone, but mostly those with the least.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Because of Illinois' outdated tax system, schools and municipalities rely heavily on property taxes to cover expenses-and rates have risen...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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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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Landmark deal for Catholic schools in Chicago
News 2 months 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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