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City property tax rates catching up with suburbs
News 4 months ago
City property tax rates catching up with suburbs

City homeowners have long benefited from a huge stock of commercial property carrying a disproportionate share of the tax load. But rising taxes...

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Illinois Housing Development Authority names new chief
News 4 months ago
Illinois Housing Development Authority names new chief

Affordable-housing expert Kristin Faust has been tapped to become the head of the Illinois Housing Development Authority. Faust, president of the...

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State names new affordable-housing chief
News 4 months ago
State names new affordable-housing chief

Kristin Faust, president of Neighborhood Housing Services of Chicago, will be the executive director of the Illinois Housing Development Authority....

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The Chicago area's largest commercial building sales 2019
News 4 months ago
The Chicago area's largest commercial building sales 2019

Most of the deals on Crain's 2019 list of largest commercial building sales involve buildings in Chicago proper, but to reach our No. 1, the Grand...

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Tap the brakes on the new property assessment model
News 4 months ago
Tap the brakes on the new property assessment model

Across the board, indicators show Chicago's commercial economy is trending sharply downward. Investment is frozen, leaving construction projects...

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This hot downtown condo building just got hotter
News 4 months ago
This hot downtown condo building just got hotter

A penthouse at Hayden West Loop, a new downtown condo building, sold for more than $4 million, a day after Crain's reported on the first such sale...

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This No. 9 Walton condo flip was a flop
News 4 months ago
This No. 9 Walton condo flip was a flop

The sellers originally listed the brand-new unit at a price that would have brought them about $4.8 million profit. In the end, they sold for $8.2...

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Owners of Gold Coast condo tower approve $44 million sale
News 4 months ago
Owners of Gold Coast condo tower approve $44 million sale

The 163-unit high-rise at 21 E. Chestnut St. joins a growing list of Chicago condo buildings to sell out to developers that bring them under a...

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Old Post Office developer eyes another big turnaround project
News 4 months ago
Old Post Office developer eyes another big turnaround project

As it prepares to welcome tenants to the Old Post Office after an $800 million-plus overhaul, developer 601W has lined up another big project just...

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In the West Loop condo market, another multimillion-dollar hit
News 4 months ago
In the West Loop condo market, another multimillion-dollar hit

An eighth-floor penthouse in a new building on Washington Street sold for $4 million. In this single building, nearly as many condos have sold at ...

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Secluded, but with a view of the Hancock
News 4 months ago
Secluded, but with a view of the Hancock

The Italian owner of a design firm and four showrooms designed this condo for his family to "feel modern, like something we would see in Italy." It...

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Secluded, but with a view of an iconic skyscraper
News 4 months ago
Secluded, but with a view of an iconic skyscraper

The Italian owner of a design firm and four showrooms designed this condo for his family to "feel modern, like something we would see in Italy." It...

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In a steakhouse rut? Here are 5 new spots.
News 4 months ago
In a steakhouse rut? Here are 5 new spots.

New steakhouses you might want to add to your restaurant rotation are served up in today's Daily Gist. Plus: U. S. store closings are trending...

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What's the future of scooters in Chicago?
News 4 months ago
What's the future of scooters in Chicago?

Now that the city's experiment with public scooters has ended, what should happen next? Companies and advocates on both sides of the hate scooters...

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Indie Pilsen bookstore has new owners
News 4 months ago
Indie Pilsen bookstore has new owners

The new owners of Pilsen Community Books, which has been a book lovers' destination and a neighborhood pillar since 2016, say they will carry on...

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Illinois pot firm gets $29 million to expand cultivation
News 4 months ago
Illinois pot firm gets $29 million to expand cultivation

The money from a Las Vegas firm will allow Revolution Global to expand its current 75,000-square foot medical marijuana cultivation facility about...

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Architect's lawsuit over One World Trade Center design to proceed
News 4 months ago
Architect's lawsuit over One World Trade Center design to proceed

The lawsuit against Chicago-based architectural firm Skidmore Owings & Merrill and partners alleges copyright infringement over a design a student...

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City plans to loosen weed-free zone downtown
News 4 months ago
City plans to loosen weed-free zone downtown

Mayor Lori Lightfoot is planning to open up a slice of River North to retail marijuana shops under a draft zoning ordinance, relaxing an earlier...

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Medicare insurer serving Chicago area gets low marks
News 4 months ago
Medicare insurer serving Chicago area gets low marks

Community Care Alliance of Illinois is among the five lowest-performing Medicare Advantage and Medicare Part D prescription drug plans nationwide,...

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Lightfoot to create affordable housing task force
News 4 months ago
Lightfoot to create affordable housing task force

The mayor is looking to review the city's Affordable Requirements Ordinance as she pushes back on demands by the Chicago Teachers Union that its...

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River North hotel sold as part of $400 million deal
News 4 months ago
River North hotel sold as part of $400 million deal

A River North hotel aimed at budget-minded travelers is changing hands as part of a larger $400 million cash-out by a group of investors that...

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Inside the quiet civil war that's roiling Chicago
News 4 months ago
Inside the quiet civil war that's roiling Chicago

The process of converting condos into apartments-a hot commodity now-is an often messy and sometimes ugly process. And it's about to get even...

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Illinois has a marijuana referendum after all
News 4 months ago
Illinois has a marijuana referendum after all

Local officials find themselves at the center of an often-contentious debate that never really happened before state legislators passed the law. It...

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Hotel Palomar sells for $55 million
News 4 months ago
Hotel Palomar sells for $55 million

A Massachusetts real estate investor has picked up the River North hotel, betting on the future of the downtown hospitality market. One of the...

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Pinstripes expands, mulls IPO
News 4 months ago
Pinstripes expands, mulls IPO

The "eatertainment" chain, which has 10 locations in nine states, aims to open another 24 over the next five years, including three by yearend. At...

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Chicago's image isn't as bad as we might think—but there's always room to mess it up
News 4 months ago
Chicago's image isn't as bad as we might think—but there's always room to mess it up

Even as residents exit the Chicago area, visitors and investment dollars keep arriving. But to keep outside capital coming, our leaders should...

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Oak Brook firm buys La Grange apartment complex
News 4 months ago
Oak Brook firm buys La Grange apartment complex

JVM's purchase of Uptown La Grange marks the second suburban Chicago rental property the company has acquired in the past two weeks. A Minneapolis...

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Downtown office vacancy lowest since end of 2016
News 4 months ago
Downtown office vacancy lowest since end of 2016

Companies' voracious appetite for workspace has pushed vacancy in the downtown office market to its lowest mark in almost three years. A wave of...

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Feds subpoena ComEd, Exelon in another pol probe
News 4 months ago
Feds subpoena ComEd, Exelon in another pol probe

The companies now are being asked for records of communications with state Sen. Martin Sandoval, whose offices were recently raided. It's the...

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ComEd, Exelon get another federal subpoena
News 4 months ago
ComEd, Exelon get another federal subpoena

The companies now are being asked for records of communications with state Sen. Martin Sandoval, whose offices were recently raided, and...

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