More info on Crain’s Chicago Business
Crain's Chicago Business - BingNews
Ex-alderman elevated to chair Surface Transportation Board
President Joe Biden has named Oberman chairman of the U.S. Surface Transportation Board. Oberman, who was named to a Democratic post on the five-member board in 2019 by Donald Trump, has been vice ...
Landlords push back against Cook County renter protection proposal
Cook County commissioners are considering a package of protections for suburban renters that they say are long overdue, but that some landlords believe will reduce investors’ interest in buying and ...
This bill will bring injured people justice. Sign it, governor.
A recent Letter to the Editor fails to mention this is the impetus behind House Bill 3360, legislation requiring prejudgment interest passed by the Illinois General Assembly ( "," Jan. 20.) The reason ...
Chicago asset manager Segall Bryant & Hamill sells to Canadian firm
A Toronto-based investment firm is acquiring Chicago-based wealth-management firm Segall Bryant & Hamill. CI Financial’s deal for SBH, which has more than $23 billion under management, cashes out ...
Developers look to add units—and rentals—to stalled Jahn tower
After losing their financing last year, the New York developers of a stalled 74-story residential high-rise next to Grant Park are trying to jump-start the project with a new plan that adds more than ...
Lakeview family businesses are running out of cash
For many family-owned small businesses in Lakeview, it's only a matter of time before they're forced to shut their doors. “Before the pandemic I would get 20 customers a week but after April customers ...
Ken Griffin's $2 billion bet
(Bloomberg) — Hedge fund titans Ken Griffin and Steve Cohen boosted Gabe Plotkin’s Melvin Capital, injecting a total of $2.75 billion into the firm after it lost 15% in the first three weeks of the ...
$20 billion One Central mega-project resurfaces
The $20 billion proposal surely is far reaching, even as the COVID-19 pandemic raises questions about the desirability of living and working in the central city. Little had been heard about the ...
Prairie Avenue mansion sells for record price
The sale price is a record for houses in the South Loop, officially known in real estate records as the Near South Side. Three South Loop condos in 21st century buildings have sol ...
Chicago moves to increase vaccinations on South, West sides
With vaccination rates lagging in Chicago's low-income neighborhoods, Mayor Lori Lightfoot and Chicago Public Health Commissioner Dr. Allison Arwady unveiled plans to increase vaccine distribution in ...
Big O'Hare cargo expansion back on track
Plans for a big expansion of cargo space at O’Hare International Airport appear to be back on track after the operator agreed to bring in a Black-owned contractor to lead the team building the 130,000 ...
2 big malls buy more time with lenders
Two big shopping malls in the Chicago area, Yorktown Center and Gurnee Mills, have bought more time to fix their debt troubles. But they still face a gloomy outlook for the retail real estate market.