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Crain's Chicago Business
Riot Fest leaves Douglass Park for Bridgeview
Punk rock music festival Riot Fest, which has long been hosted in Douglass Park, will debut this year in Bridgeview with a rebrand. Subscribe and get unlimited access to Crain's Chicago Business. The city revealed details of the screenings and events for the first-of-its-kind partnership with the esteemed film festival.
Bears rookie quarterback Caleb Williams launches investment firm
Chicago Bears rookie quarterback Caleb Williams is launching 888 Midas, an investment firm that will target private equity, venture capital and real estate deals. Create your free account to continue reading. After the team's own stadium gambit failed, another local government is making a play. The subscription plan, which exclusively...
Big Shoulders lands record $150M donation to back NW Indiana Catholic schools
Big Shoulders Fund, a nonprofit serving Catholic schools in Chicago and Indiana, landed a record $150 million donation from the Dean and Barbara White Family Foundation. Subscribe and get unlimited access to Crain's Chicago Business. The gathering at the Bridgeport Art Center celebrated the theater company's 48th season. The museum...
Some Conagra Brands fish products not 100% fish, lawsuit says
Conagra Brands is allegedly misleading customers to believe two of its seafood products are 100% whole fish when instead they contain a suspected toxic filler, according to a lawsuit. Subscribe and get unlimited access to Crain's Chicago Business. The private-equity firm focused on adult beverages has united InvestBev, Sprout Beverage,...
UChicago, Northwestern leaders win global nanoscience award
It's no small thing for Chicago that University of Chicago President Paul Alivisatos and Northwestern University nano-pioneer Chad Mirkin have received the Kavli Prize in Nanoscience for their research. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full year of access to Health Pulse...
Amazon gig economy drivers allege they were wrongfully denied wages
More than 15,750 people who delivered packages for Amazon.com Inc.’s Flex service filed arbitration claims on Tuesday, arguing the company wrongly denied them wages and other compensation, lawyers for the drivers said. Subscribe and get unlimited access to Crain's Chicago Business. One of Chicago’s fastest-growing startups is being snapped...
Look inside a Loop hotel redesign targeting millennial travelers
South Korea's largest retailer snagged a deal in its 2022 purchase of one of downtown Chicago's most recognizable hotel buildings. The seller, doubtful of the city's post-pandemic future, was eager to unload the 225 N. Wabash Ave. property and exit the downtown market. Subscribe and get unlimited access to Crain's...
Medical debt burden exposes inequity: Crain's Daily Gist podcast
Crain’s researcher Sophie Rodgers joins host Amy Guth to discuss how medical debt weighs on Chicagoans, even when they're insured. Plus: Chicago weighs up to $3 billion of debt for O'Hare upgrades, Bally's Chicago bounced back in May after a tough April, Boeing delivered 24 jets in May as China compounds 737 Max woes, unfinished school next to St. Regis goes up for sale and Chicago takes home one win at the James Beard Awards.
Judge dismisses Madigan-related whistleblower suit against St. Anthony
A U.S. District Court judge has dismissed charges brought by a former employee at St. Anthony Hospital who alleged the hospital and its CEO showed contracting favoritism to the son of former Illinois House Speaker Michael Madigan. Subscribe and get unlimited access to Crain's Chicago Business. Sister Diane Marie McGrew...
Startup Tegus to be acquired for $930M by Trott-backed rival
One of Chicago’s fastest-growing startups is being acquired by its largest competitor for nearly $1 billion. Subscribe and get unlimited access to Crain's Chicago Business. It's one more sign of interest as the state prepares to open its checkbook to attract new technology and jobs. The Chicago-based food delivery...
Coach houses and granny flats could soon be allowed citywide
Expanding the city’s granny flat program could fuel the production of affordable housing without the need for subsidies, according to the backers of a proposal which could be approved in July. Subscribe and get unlimited access to Crain's Chicago Business. Justin Laurence is a reporter for Crain’s Chicago Business...
InvestBev merges its companies into one brand
InvestBev, the Chicago-based private-equity firm focused on adult beverages, has merged all of its entities under one brand. Subscribe and get unlimited access to Crain's Chicago Business. Mondelez International says it has invested $250 million in Ontario manufacturing facilities just in the last few years. Gatorade brings back colorful sweat...
Owners of 3 West Loop apartment buildings testing the market
Strong rental demand has the owners of three apartment buildings in Chicago’s popular West Loop neighborhood willing to test the market. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial real estate reporter for Crain’s Chicago Business. She joined Crain’s in 2023 from The...
City panel approves subsidies for Loop office conversions
Chicago taxpayers are a step closer to giving developers $151 million to turn four Loop office buildings into more than 1,000 apartments after getting a green light from a city panel that oversees the subsidies. Subscribe and get unlimited access to Crain's Chicago Business. A 33-story high-rise near Fulton Market...
Buyer seeks business to run for rest of her life, industry not important
Fresh off the sale of her first business, Lia Majid is on the hunt for another Chicago company, any company. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and finance reporter for Crain’s Chicago Business. He joined Crain's in 2023 from Reuters, where he spent the bulk of his career writing about commodities, agriculture, Chicago’s futures exchanges, government and other industries. Weinraub also previously worked in the agency’s Washington and New York bureaus. He is a graduate of Northwestern's Medill School of Journalism.
Buyers might get this Jazz Age penthouse for a quarter of sellers' 2019 asking price
The two-story penthouse atop a vintage Astor Street building appears to be headed toward a sale at around one-quarter the price its sellers originally hoped for. Subscribe and get unlimited access to Crain's Chicago Business. A veteran developer is set to buy and fix the row house in East Garfield...
Half of the $3 billion O'Hare bond issue will fund construction
About half of the $3 billion in upcoming O’Hare International Airport bonds will be used for new construction and other capital improvements, the city says. Subscribe and get unlimited access to Crain's Chicago Business. Airlines and restaurants are preparing for a boost from 50,000 convention-goers in two months. While...
Star-studded Steppenwolf gala raises $1.6M for education and art
Steppenwolf Theatre Company’s Board of Trustees and its ensemble cast hosted Steppenwolf Gala 2024, a celebration of the company’s 48th season, at the Bridgeport Art Center on May 11. Subscribe and get unlimited access to Crain's Chicago Business. Candace Jordan, a longtime chronicler of the Chicago social scene,...
Boeing delivered 24 jets in May as China compounds 737 Max woes
Boeing Co. delivered 24 commercial jets in May, including 19 of its 737 family aircraft, as parts shortages and fresh scrutiny by China’s regulators complicated efforts to recover from a crisis engulfing its most popular aircraft. Subscribe and get unlimited access to Crain's Chicago Business. Letters cite new information...
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