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Lightfoot's no-toke zone makes no sense
News 5 months ago
Lightfoot's no-toke zone makes no sense

Mayor Lori Lightfoot's rhetoric bristles with alarm over Chicago's fiscal crisis. Her actions show a remarkable willingness to pass up new tax...

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New York developer plans 90-unit condo tower in Gold Coast
News 5 months ago
New York developer plans 90-unit condo tower in Gold Coast

A New York real estate firm is diving into the sluggish Chicago condominium market, drawing up plans for a 90-unit luxury high-rise behind the...

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Inside the new weed rules Team Lightfoot is pitching to aldermen
News 5 months ago
Inside the new weed rules Team Lightfoot is pitching to aldermen

Beyond the no-weed zone downtown, the administration is asking the City Council to bless licensing fees, a zoning lottery, cannabis cafes, and a...

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Lightfoot holds firm against downtown pot stores
News 5 months ago
Lightfoot holds firm against downtown pot stores

Despite some criticism about the impact on tax revenue, the mayor says outlying neighborhoods stand to gain if weed sales are banned in the city's...

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Shapack sells Fulton Market office building for record price
News 5 months ago
Shapack sells Fulton Market office building for record price

A seven-story property at the doorstep to the trendy corridor just became the most expensive office building sale in Chicago history. It seemed...

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How exactly would this deconversion ordinance help condo owners?
News 5 months ago
How exactly would this deconversion ordinance help condo owners?

The measure, which the City Council passed today, will do nothing to protect elderly residents, address the issue of "predatory buyers" or curtail...

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Developer doubles down on Fulton Market
News 5 months ago
Developer doubles down on Fulton Market

As Trammell Crow builds a 14-story office building on the corridor's western edge, it's hoping to place a similar bet closer to Google's Midwest...

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Dispensaries may have to rethink their real estate options
News 5 months ago
Dispensaries may have to rethink their real estate options

Marijuana companies that were coveting the busiest parts of downtown for new retail dispensaries are in for a buzzkill. Much of downtown-between...

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Cboe confirms HQ move to Old Post Office
News 5 months ago
Cboe confirms HQ move to Old Post Office

Cboe Global Markets, the biggest U. S. options exchange, announced today it will move its South Loop headquarters west to the Old Post Office and...

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Did the Illinois Legislature bet too high on new casinos?
News 5 months ago
Did the Illinois Legislature bet too high on new casinos?

New data suggests that outside of video poker, state gambling revenues are in a long-term funk. But money from new casinos is exactly what...

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Cinespace not welcome
News 5 months ago
Cinespace not welcome

I read your article regarding the renewal of the state tax breaks for Cinespace Film Studio ("Pritzker renews state's film tax credit," Aug. 1). I...

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Walgreens, late to the beauty party, may have missed the peak
News 5 months ago
Walgreens, late to the beauty party, may have missed the peak

Long the one bright spot in a dismal retail environment, beauty is showing signs of a slowdown. That's bad news for the drugstore chain, which has...

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Lightfoot would be wise to steer clear of these tax ideas
News 5 months ago
Lightfoot would be wise to steer clear of these tax ideas

Some in City Hall seem to see the central business district as a bottomless pot of gold to mine for tax revenue. But they're ignoring some...

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A warning sign that City Hall should heed
News 5 months ago
A warning sign that City Hall should heed

As Mayor Lori Lightfoot prepares to present her critical first city budget, a key indicator of the health of the downtown office market has begun...

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It could get harder to sell all the condos in one building
News 5 months ago
It could get harder to sell all the condos in one building

Chicago Aldermen are proposing that 85 percent of owners in a condo building approve a sale of all the units in bulk for a deal to go through. That...

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General Iron will close Lincoln Park site next year
News 5 months ago
General Iron will close Lincoln Park site next year

Undoing one of the last moves of the Emanuel administration, Team Lightfoot has struck a deal with the scrap metal recycler to shut down its North...

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PMDs aren't obsolete—and Lightfoot is right to back this one
News 5 months ago
PMDs aren't obsolete—and Lightfoot is right to back this one

The city's plan to modernize the Kinzie Industrial Corridor will introduce certainty back into the market and encourage people to once again make...

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Industrial corridor near Fulton Market opening up to new development
News 5 months ago
Industrial corridor near Fulton Market opening up to new development

Aldermen on the City Council's Zoning Committee today approved changes to the Kinzie Industrial Corridor, which will allow some of nearby Fulton...

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Vintage Streeterville apartment building hits the market
News 5 months ago
Vintage Streeterville apartment building hits the market

Built in 1924, the Seneca was one of several residential hotels in the city that opened in the Roaring '20s. It last sold in late 2014 for about ...

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Head tax, LaSalle Street tax, vacancy tax on progressives' checklist for Lightfoot
News 5 months ago
Head tax, LaSalle Street tax, vacancy tax on progressives' checklist for Lightfoot

A coalition of groups and a handful of aldermen are getting specific about increases to a bevy of taxes to fill Chicago's budget hole-many of which...

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Lender to sell Waldorf Astoria after seizing it from owner
News 5 months ago
Lender to sell Waldorf Astoria after seizing it from owner

Hotelier Laurence Geller and real estate investor Wanxiang America Real Estate Group recently handed over the keys to the luxury Gold Coast hotel...

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Uber to add 2,000 jobs in Chicago in 3 years
News 5 months ago
Uber to add 2,000 jobs in Chicago in 3 years

The ride-hailing firm's logistics unit, Uber Freight, will be headquartered here, and the city will be home to its largest tech center outside San...

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Uber makes a huge bet on Chicago
News 5 months ago
Uber makes a huge bet on Chicago

Adding 2,000 jobs over three years, the ride-hailing company will headquarter its Uber Freight unit at the red-hot Old Post Office and make Chicago...

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Last week's most-viewed real estate stories
News 5 months ago
Last week's most-viewed real estate stories

News of legal spat over a $2.2 million Lakeview project tops our list of the most-popular real estate stories last week on ChicagoBusiness.com. The...

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Luxury apartment rents breach the $4 barrier
News 5 months ago
Luxury apartment rents breach the $4 barrier

If you're apartment hunting in Chicago and money is no object, you might want to check out One Bennett Park in Streeterville or the Sinclair in the...

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Look inside mega-developer John Buck’s East Lake Shore Drive $11.5M co-op
News 5 months ago
Look inside mega-developer John Buck’s East Lake Shore Drive $11.5M co-op

Buck, who's built numerous Chicago high rises in the past four decades, has owned the 23-room duplex in a Benjamin Marshall building at 199 E. Lake...

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Please don't open-carry guns in here
News 5 months ago
Please don't open-carry guns in here

The pharmacy giant, joining Kroger and Walmart, said in a statement it is "asking our customers to no longer openly carry firearms into our stores...

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Historical synagogue in Logan Square converting to apartments
News 5 months ago
Historical synagogue in Logan Square converting to apartments

The building on Palmer Street, built in the mid-1920s by a Jewish congregation and later home to a Boys & Girls Club, will have 14 rentals behind...

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Slow refund checks for Water Tower residents—including the county treasurer—lead to proposed fee
News 5 months ago
Slow refund checks for Water Tower residents—including the county treasurer—lead to proposed fee

A Cook County committee took the first step toward instituting a fee for law firms and others that win property tax appeals and don't promptly turn...

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This apartment building was torn down before anybody moved in. Here’s why.
News 5 months ago
This apartment building was torn down before anybody moved in. Here’s why.

The $2.2 million project stood empty and unfinished in Lakeview for more than two years before it was demolished this summer after a legal dispute...

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