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Crain's Chicago Business
Loop office landmark lures another company from Wacker Drive
The developer revamping a landmark office building in the Loop is keeping up its streak of luring companies from Wacker Drive. Subscribe and get unlimited access to Crain's Chicago Business. The firm that bought the prominent Gold Coast property for $154 million a decade ago and undertook a major redevelopment...
Johnson to reopen Roseland mental health clinic, add services to other clinics
Mayor Brandon Johnson is making good on a promise to expand city-operated mental health services in Chicago, today revealing a plan to reopen a mental health clinic and beef up services at two others. Subscribe and get unlimited access to Crain's Chicago Business. Providers at 10 hospitals here are leaving...
Designer of world's tallest building wants to turn skyscrapers into batteries
The architecture firm that designed the world’s tallest building is considering ways to build skyscrapers that can store energy using gravity. Subscribe and get unlimited access to Crain's Chicago Business. The vintage office building at 332 S. Michigan Ave. shows the pain older and lower-tier quality office buildings downtown...
Michigan Avenue office landlord hit with $29 million foreclosure lawsuit
A Michigan Avenue landlord that lost co-working giant WeWork as one of its largest tenants and has struggled to retain others has joined the ranks of downtown office building owners facing foreclosure. Subscribe and get unlimited access to Crain's Chicago Business. Under a new agreement, the health system will continue...
Cannabis legislation falls apart at the last minute in Springfield — again
Somewhere on the long road to the finish line in Springfield, an effort to rein in hemp products and another to keep struggling new weed companies afloat both sputtered. Subscribe and get unlimited access to Crain's Chicago Business. John Pletz is a senior reporter covering technology, aviation and cannabis for...
UChicago Medicine strikes deal to stay in Streeterville
University of Chicago Medicine has struck a unique deal to save money on the lease for its outpatient clinic in Streeterville and gain control over its long-term future in the neighborhood. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial real estate reporter for Crain’s...
The Budlong’s parent company acquires another fried chicken joint
The Budlong Southern Chicken’s parent company has acquired another fried chicken chain out of Columbus, Ohio, and plans to merge the two as they expand. Subscribe and get unlimited access to Crain's Chicago Business. The Chicago burger giant has had enough of social media posts suggesting for nearly a...
Ascension outsourcing prompts more than a third of hospital workers to quit
Following Ascension Illinois’ decision to outsource hospitalist staff at all 10 of its Chicago-area hospitals to a private-equity-backed staffing firm, more than a third of those doctors and clinicians are leaving the organization, Crain’s has learned. Subscribe and get unlimited access to Crain's Chicago Business. The joint venture...
Dimon says 'could be hell to pay' if private credit sours
Jamie Dimon said he expects problems to emerge in private credit and warned that “there could be hell to pay,” particularly as retail clients gain access to the booming asset class. Subscribe and get unlimited access to Crain's Chicago Business. Illinois is closing the gap with its peers...
Illinois muni-debt penalty shrinks as 'unexciting' budget passes
Illinois is closing the gap with its peers in the municipal-bond market as investors herald the passing of an on-time budget and a broad improvement in the state’s fiscal standing. Subscribe and get unlimited access to Crain's Chicago Business. The acquisition of National Manufacturing comes after Core closed investment...
McDonald's hits back against $18 Big Mac social media buzz
McDonald’s Corp. has had enough of social media posts suggesting for nearly a year that a Big Mac meal costs $18. Subscribe and get unlimited access to Crain's Chicago Business. The winning bid came from a Winnetka private-equity firm — but the court must still approve the sale.
Harvard follows U of C's lead on neutrality
Harvard University has changed its school policy on issuing statements on public matters, taking its cue from the University of Chicago's own playbook. Subscribe and get unlimited access to Crain's Chicago Business. All who were enrolled in any U of C undergraduate or graduate program from January 2020 through the...
Bethenny Frankel vents outrage over Chanel Chicago store snub
After “Real Housewife” and Skinnygirl Cocktails Founder Bethenny Frankel made headlines for being turned away from a Chanel store in Chicago last week, marketing experts watched to see how a large luxury brand would handle a major content creator sharing her negative experience online. So far, Chanel hasn’t...
Alito rejects Durbin's call for recusal from election interference cases
Supreme Court Justice Samuel Alito today rejected U.S. Sen. Dick Durbin's call for his recusal from cases involving interference in the 2020 election. Subscribe and get unlimited access to Crain's Chicago Business. Anti-China sentiment is impacting Chinese-owned companies employing thousands of Americans — including Illinois' own Wanxiang America. Democrats...
Illinois has some of the biggest home insurance rate jumps in the nation
The housing market has been hampered by rising home prices and high interest rates. Now add a surge in home insurance costs into the mix. Subscribe and get unlimited access to Crain's Chicago Business. Citing the equal protection clause, the suit takes aim at the city's first-in-the-nation effort to repair...
Lawsuit claims Evanston's reparations program is unconstitutional
Evanston's five-year-old effort at racial reparations violates the U.S. Constitution, according to a federal lawsuit filed by several people with hereditary ties to the North Shore suburb. Subscribe and get unlimited access to Crain's Chicago Business. Owning one of these half-million-dollar homes would require sharing duties like watching your neighbors'...
U of C pays nearly $5 million in COVID-tuition settlement
The University of Chicago has agreed to a $4.95 million settlement in a class-action lawsuit with students and former students who allege the university breached its contract by moving classes online as the COVID-19 pandemic hit. Subscribe and get unlimited access to Crain's Chicago Business. Chicago is trying to improve...
Eli Lilly, Amazon pump billions into Indiana's industrial resurgence
An industrial renaissance is fueling record capital inflows into Indiana, putting the Midwestern state on pace to surpass last year’s almost $29 billion in investments. Subscribe and get unlimited access to Crain's Chicago Business. "Illinois is the epicenter of soybean production," declares one industry expert. It's an advantage that...
Opinion: Defense innovation can drive Midwest economic growth
“The future is already here; it’s just not evenly distributed.” That famous quote from science fiction writer William Gibson is usually applied to new technologies, but it applies equally well to the economic development those technologies can bring. A great example of that uneven distribution – and an under-tapped resource for the upper-Midwest — is defense innovation.
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