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Fulton Market developer Shapack buys another site
News 4 months ago
Fulton Market developer Shapack buys another site

The developer that sold a new Fulton Market office building for a record price per square foot has picked up another property in the popular...

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Last week's most-viewed real estate stories
News 4 months ago
Last week's most-viewed real estate stories

New construction projects are forecast to fall 10 percent this year-the biggest drop since the Great Recession. That news tops our list of the most...

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'High Times' getting into retail pot business
News 4 months ago
'High Times' getting into retail pot business

High Times, the nearly 50 year old bible of weed, is piling onto the legal green rush. The media company, which publishes its monthly magazine out...

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Illinois’ problem isn’t the form of taxation, it’s the level
News 4 months ago
Illinois’ problem isn’t the form of taxation, it’s the level

This is a response to Joe Cahill's column that discusses how, "paradoxically, high property taxes depress house prices while driving up the cost of...

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This store formally declares what it's actually been for years
News 4 months ago
This store formally declares what it's actually been for years

The Seminary Co-op Bookstores haven't turned a profit since the early 1990s. But making money was never really the point at this legendary literary...

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Advocate closing 7 Walgreens clinics
News 4 months ago
Advocate closing 7 Walgreens clinics

The largest Chicago-area physicians group is closing immediate care clinics at seven pharmacies due to "unsustainable" patient volumes. Advocate...

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What will it take for pols to get serious about our property tax pain?
News 4 months ago
What will it take for pols to get serious about our property tax pain?

Out-of-control property taxes pose an immediate and serious threat to Illinois' entire economy. You wouldn't know it from the way our elected...

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Aldermen pitch pared-down 606 gentrification compromise
News 4 months ago
Aldermen pitch pared-down 606 gentrification compromise

After strong pushback from Mayor Lori Lightfoot about its legality, two aldermen whose wards include portions of the popular 606 trail have...

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Assessments are just one part of the formula; tax rates are the other
News 4 months ago
Assessments are just one part of the formula; tax rates are the other

You're missing half the point. Assessments are one part, the tax rates are the other part of the formula ("Why some landlords shouldn't gripe too...

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Kate Van Etten becomes Crain's associate publisher
News 4 months ago
Kate Van Etten becomes Crain's associate publisher

The veteran advertising sales executive will continue to oversee advertising revenue and will expand her work on new product development,...

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Here's another way pot license winners could lose
News 4 months ago
Here's another way pot license winners could lose

Marijuana companies are playing a high-stakes game of real estate chicken as they jockey for position in what's seen as the most lucrative piece of...

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Not even Amazon or the Olsen Twins can save Kohl's
News 4 months ago
Not even Amazon or the Olsen Twins can save Kohl's

Kohl's Corp.'s holiday season sales miss suggests even the most promising turnaround strategies won't be enough to save department stores. Shares...

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From Jose Andres and Gibsons
News 4 months ago
From Jose Andres and Gibsons

The humanitarian and celebrity chef is teaming up with a Chicago stalwart to lease substantial space in a massive, 55-story skyscraper under...

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Goodbye, Illinois. Hello . . . where?
News 4 months ago
Goodbye, Illinois. Hello . . . where?

The state, along with California and New York, has seen an exodus. But it's not all to Texas and it's not all about taxes, writes Justin Fox of...

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Weed shops don't have enough employees, either
News 4 months ago
Weed shops don't have enough employees, either

Everyone who works in a newly legalized pot store must undergo a state background check. And that's putting a pinch on hiring. Perhaps the only...

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Macy's plans to close more stores
News 4 months ago
Macy's plans to close more stores

Macy's also said it will close 28 namesake stores and one Bloomingdale's in the coming weeks, while reducing some headcount at Bloomingdale's. Macy...

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Vienna Beef moving HQ to Near West Side
News 4 months ago
Vienna Beef moving HQ to Near West Side

The hot dog maker is heading to the Kinzie Industrial Corridor after almost five decades along the North Branch of the Chicago River. Vienna Beef's...

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Marina slated for Navy Pier
News 4 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 4 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 4 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 4 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 4 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 4 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 4 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 4 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 5 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 5 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 5 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 5 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 5 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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