Columbus
Crain's Chicago Business
Developer reviving former AT&T campus lands new largest tenant
The developer refilling the former AT&T campus in Hoffman Estates with office tenants has landed a trio of new ones, including its largest to date despite sluggish demand for workspace. Subscribe and get unlimited access to Crain's Chicago Business. A new Moody's forecast predicts office vacancy rates will rise to...
Can Walgreens save itself?
The outlook for Walgreens Boots Alliance continued to darken yesterday as its chief executive presented investors with an uncertain future besieged by challenges, including a core pharmacy business that’s unsustainable in its current form. Subscribe and get unlimited access to Crain's Chicago Business. AbbVie is counting on the Cambridge-based...
Northwestern releases athletics accountability report led by ex-AG Loretta Lynch
Northwestern University today released the findings of an 11-month independent review of its athletics department following the allegations of hazing and other abuse within multiple sports programs that surfaced last summer. Subscribe and get unlimited access to Crain's Chicago Business. University and Evanston leaders gathered today for a ceremony to...
CDK cyberattacks delay dealership acquisition closings
Cyberattacks on dealer management system provider CDK Global Inc.'s systems have delayed some dealership acquisitions, buy-sell brokers say, and a prolonged outage could lead to more stalled deals. Subscribe and get unlimited access to Crain's Chicago Business. Agarwal was president of the high-flying startup, which raised nearly a billion dollars...
Take a look at the stylish redesign of a 1970s house in Flossmoor
The house on Holly Lane in Flossmoor had recently been redone when Chandra Harris-McCray saw it, but it didn't seem quite right to her. Subscribe and get unlimited access to Crain's Chicago Business. Zach Filkins composes and plays guitar for OneRepublic. Here's the house he designed. Filkins borrowed from hotels...
Chicago wants to reach violence victims at the hospital bedside
Chicago will use $3 million in American Rescue Plan funding on hospital-based violence intervention to help those at risk of a repeat of violent injury. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full year of access to Health Pulse + all Crain's Chicago...
Opinion: Rivian is embraced by a needy German sugar daddy
It says a lot about the predicament faced by Volkswagen AG, Europe’s biggest automaker by sales, that salvation lies in writing a multibillion-dollar check to a US startup that has lost $20 billion since inception, built just 57,000 vehicles last year and is expected to burn cash for several more years.
New Loop steakhouse to bring grill-top tables, all-day service and lots of wagyu
The owners behind the popular Perilla Korean American Fare in the West Loop are bringing a new nontraditional steakhouse to the Loop. Subscribe and get unlimited access to Crain's Chicago Business. Jack Grieve is a Crain’s reporter covering the news people are talking about, from Chicago and West Michigan to...
Chicago Public Media names new CEO
Chicago Public Media, the nonprofit that oversees the Chicago Sun-Times and public radio station WBEZ, tapped Melissa Bell, former publisher of Vox Media, to be its next CEO. Create your free account to continue reading. Wavemaker hired Alycia Mason from the fast-food giant, where she most recently oversaw operations across...
Supreme Court rejects Purdue Pharma’s $6 billion opioid pact with Sackler shield
The US Supreme Court tossed out Purdue Pharma LP’s $6 billion opioid settlement, opening a new chapter of uncertainty for the company by ruling that the accord would improperly shield the Sackler family owners. Subscribe and get unlimited access to Crain's Chicago Business. Walgreens slashed its guidance due to...
AbbVie buys drug developer Celsius Therapeutics for $250 million
AbbVie has acquired a biotech company that is developing new therapies to fight inflammatory disease, hoping to bolster its already-strong pipeline. Subscribe and get unlimited access to Crain's Chicago Business. The high court ruling scuttles a plan that would have ended a mountain of civil litigation against the OxyContin maker...
Empty offices risk wiping out $250 billion in commercial property value
Nearly one-quarter of all US office space will be vacant by 2026 as working from home persists, slicing commercial-property values by as much as $250 billion, according to a report from Moody’s. Subscribe and get unlimited access to Crain's Chicago Business. New bills hitting homeowners in financially strapped towns...
Carlyle, KKR win Discover Financial’s $10 billion student-loan portfolio
Carlyle Group Inc. and KKR & Co. won the auction for a $10 billion student-loan portfolio from Discover Financial Services, according to people familiar with the matter. Subscribe and get unlimited access to Crain's Chicago Business. The two firms will develop cloud and colocation facilities — space rented to clients...
Rivian still faces cash burn, cooling sales despite $1 billion infusion from Volkswagen, analysts say
Subscribe and get unlimited access to Crain's Chicago Business. The $5 billion tie-up leaves in limbo the future of a nameplate that’s aimed at the same buyers as Rivian's. The fund cited concerns that the company may be contributing to human rights abuses in the West Bank and Gaza.
Property tax pain arrives for south suburban homeowners
Homeowners in the South and Southwest suburbs should brace for a financial gut punch when they receive their property tax bills in the coming days. And their pain might give residents in the city a reason to worry about what awaits them next year. Subscribe and get unlimited access to...
Related Midwest to co-develop Ann Arbor affordable housing project
Related Midwest has been selected to co-develop a new mixed-income, high-rise apartment tower in downtown Ann Arbor Mich. Subscribe and get unlimited access to Crain's Chicago Business. R.M. Chin & Associates is the first company set to move to the revamped former Northern Trust building at 801 S. Canal St.,...
New high marks for Chicago's housing market: Crain's Daily Gist podcast
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk Chicago-area housing news, including how home prices here hit a new record high and details on properties on the market like one designed by a member of the band OneRepublic. Plus: SCOTUS accuses feds of "vague...
Amazon driver unionization effort boils over in Skokie
Amazon drivers at the company’s delivery station in Skokie are protesting today, saying their efforts to unionize cost them their jobs. Subscribe and get unlimited access to Crain's Chicago Business. Uncertainty about how soon the computer systems meltdown will be resolved means a range of outcomes are possible. Before...
Endeavor Health getting $10M gift to expand genetics program
Endeavor Health will receive a $10 million donation from longtime donors Bill and Karen Davis of Lake Forest to scale up the health system's lead in the area of genomics. Subscribe and get unlimited access to Crain's Chicago Business. Net income was down slightly thanks to a larger tax bill,...
Service tax? Grocery tax? All ideas on the table as City Hall probes revenue options.
Short on easy options to raise the revenue necessary to meet the city’s pension obligations while making the new investments Mayor Brandon Johnson says are needed to make Chicago more equitable, a City Council subcommittee met for the first time today to begin throwing ideas at the wall to see what sticks.
Crain's Chicago Business
21K+
Posts
4M+
Views
The news you need to succeed in Chicago. We cover startups, real estate, politics, dining and lots in between.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.