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Get a head start on your workday with the stories that matter most. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth.
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Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including downtown Mount Prospect’s homegrown crop of luxury apartment buildings, a developer looking to resell a historic Catholic school building in Bronzeville slated for demolition and more.Plus: Chicago developers near deal to buy Wacker Drive office tower at massive discount, Illinois lands $17 million grant as part of federal maternal health pilot, owner gets $114 million refinancing for West Loop apartments and Discover's former head of ESG files lawsuit claiming he was fired for supporting Black employee’s complaints.
Ulta Beauty has tapped COO Kecia Steelman to take over as chief executive. Crain's retail reporter Ally Marotti talks with host Amy Guth about the next chapter for the Bolingbrook-based chain.Plus: Hemp regulation bill dies in Springfield, dealing a political blow to Gov. Pritzker; McDonald's retires some diversity goals in latest corporate DEI retreat; Illinois task force recommends tornado shelters in warehouses following deadly storm; social media startup for influencers and brands sells for $250 million and investment firm leaving LaSalle Street for Wacker Drive.
More than a thousand new dining spots opened in Chicago last year. Crain's restaurants reporter Ally Marotti joins host Amy Guth to share six that are making waves around here.Plus: Nippon Steel and U.S. Steel file lawsuits after Biden blocks deal; Rivian production falls 27% on parts shortage, but deliveries tick up; East Loop office landlord hit with $62 million foreclosure lawsuit; United Airlines to offer Starlink Wi-Fi in U.S. later this year; and a warning about Chicago crime pops up in an unlikely place.
Amy Guth about state of higher education in Illinois on the heels of layoffs and course restructuring at Columbia College.Plus: Bally's offers 25% stake in Chicago casino to historically underrepresented investors, census data indicates Illinois population is growing again, Endeavor Health plans $100M expansion and renovation of Elmhurst Hospital and Eater Chicago consolidates under new Midwest branch as company undergoes more layoffs.
Going private could create a path to survival for Walgreens — but it's not without drawbacks. Crain’s health care reporter Katherine Davis talks with host Amy Guth about what assets could be on the chopping block if a Walgreens deal with a private equity firm comes to fruition.
Plus: Lawsuit alleges Kraft Heinz, Mondelez and others knowingly used Big Tobacco tactics to make addictive products; Gov. Pritzker scores $820 million green fuel investment for Illinois; Habitat secures $73 million refinancing for East Loop apartments; and AAR will pay $55M million in fines to settle bribery probes.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including how Gov. Pritzker wants to speed development of mid-range housing statewide as well as looking to see if the sale of Michael Jordan’s house could mean hope for other longtime local listings.
Plus: Ascension and Prime hospital deal gets green light from state, Grubhub to pay $25 million to settle FTC case over hidden fees, Chicago stocks take a victory lap and White Sox stadium renamed Rate Field to reflect mortgage firm's rebrand.
Mayor Brandon Johnson’s $17.1 billion city budget has finally passed, though narrowly. Crain’s Justin Laurence discusses with host Amy Guth.
Plus: Advocate to invest $1 billion on the South Side and rebuild Trinity hospital, Columbia College launches layoffs and course restructuring as deficit looms, Marriott acquires cabins near Starved Rock as part of 2025 outdoor recreation push and UChicago cancer center gets nearly $3 million in grants for two DEI mentoring programs.
Crain's reporters Rachel Herzog and Dennis Rodkin talk with host Amy Guth about how a recent bulk sale of dozens of condos in the St. Regis is the latest turn in the decade-long saga of the property, a focal point of Chicago's skyline.
Plus: Lawsuit says Kroger derailed Albertsons merger due to "buyer's remorse," Hyatt Regency O'Hare Chicago sold to New York hotel firm, East Coast investor spends $104 million on two suburban shopping centers and IBM's quantum operation hops aboard South Works site project.
Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how a Chicago meat supplier is using AI to cut down on labor costs.Plus: Vote delayed on Johnson's $17.3 billion 2025 budget over lack of support, AbbVie to acquire Wisconsin biopharma for $200 million, former Dixon comptroller who embezzled tens of millions and a Northbrook financial exec granted clemency, and Michael Jordan's house sold, at last, for $9.5 million.
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including how the number of Chicago-area homes under contract jumped in November.Plus: Albertsons sues Kroger for breach of contract in failed deal after Jewel-Mariano's parent merger blocked by judge, Chicago Department of Aviation inks big office lease near O'Hare, The Onion's bid for Alex Jones' Infowars rejected by judge and state leaders tell Bears and Sox to look elsewhere as tough budget year looms.
The feds are hustling to finalize money for rebooting the Belvidere auto plant before Donald Trump's administration takes control. Crain’s manufacturing reporter John Pletz discusses with host Amy Guth.Plus: Walgreens reportedly in talks to sell itself to private equity, Sterling Bay project opposed by Ald. Scott Waguespack rejected by Zoning Committee, Shops at North Bridge lender taking over Mag Mile mall, new report shows Illinois ranks near bottom for wage gains and Michelin stars are out and Chicago has a new entrant.
Crain's consumer products reporter Ally Marotti talks with host Amy Guth about how the latest experiment at Butterfinger’s Franklin Park factory as the brand tries to innovate.Plus: Snack maker Hearthside settles Illinois child labor probe, Coca-Cola and Fairlife nearing move to vintage Fulton Market building, downtown Wheaton apartments sold for $101 million, feds hurry to finalize money for Belvidere auto plant reboot before Trump takes over and Mondelez is exploring a takeover of Hershey.
The killing of UnitedHealthcare CEO Brian Thompson has shocked the insurance industry — and prompted a reckoning. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.Plus: More tax fights loom as Brandon Johnson and City Council near budget deal, private-equity firm leaving Mag Mile for West Loop, CME to offer one-ounce gold futures as retail trade surges, and though the data shows most crime in Chicago is exaggerated, theft really is that bad.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the local housing market, including about locally grown @properties Christie's being acquired by Compass and the $19 million Ken Griffin condo that’s now the latest project in JB Pritzker's real estate empire.
Plus: The Fed's Austan Goolsbee on what Chicago can expect from interest rate cuts, Foxtrot's plans outside Chicago, United Airlines on Capitol Hill to talk fees and regulation and Chicago developer buys revamped Motorola Mobility campus.
Illinois has marked five years of legal recreational marijuana sales. Crain’s reporter John Pletz talks with host Amy Guth about the lessons learned along the way.
Plus: Ad agency known for Super Bowl spots expanding office and moving to Merchandise Mart, Portillo’s hires COO to help propel expansion, KeyBank nabs five people from Huntington to open commercial banking unit in Chicago and a piece of Pritzker's EV-manufacturing strategy is in peril.
VillageMD CEO departs Walgreens' troubled primary care partner. Crain’s healthcare reporter Katherine Davis discusses with host Amy Guth.
Plus: Stellantis CEO quits early over strategy dispute, EV maker Lion wins creditor relief and halts Joliet factory, former Bear Israel Idonije pivots to 154-room Motor Row hotel plan and Chicago's largest nonprofit ranks far ahead of the rest.
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk local housing news, including his takeaways from the latest market data, a proposal to eliminate single-family-only zoning in Evanston and more.Plus: $19 million Ken Griffin condo is just the latest project in JB Pritzker's real estate empire, Chicago’s Board of Education presses schools chief to settle teachers contract "in the coming days," private-equity dealmakers expected to hit the ground running in January, Sterling Bay proposes 39-story Fulton Market apartment tower and an Illinois bill aims to limit health insurers' use of AI in denying coverage.
Chicago-area transit agencies face a reckoning that could derail the region. Crain’s Forum editor Cassandra West talks with host Amy Guth about how CTA, Metra and Pace are looking for elusive dollars as lawmakers and others urge the three entities to consolidate.Plus: Mayor's office faces scrutiny over misconduct accusations against ex-comms chief, Bears make peace with Arlington Heights over Arlington Park property taxes, Illinois Center owner hit with massive foreclosure lawsuit and Howard Brown to pay $1.3 million to laid-off workers.
Despite finance and staffing headaches, the new Cook County Health chief sees path for growth. Crain’s healthcare reporter Katherine Davis discusses with host Amy Guth.Plus: True Value's $153 million sale to Do It Best clears bankruptcy court, Grant Thornton reportedly lays off about 150 workers in the U.S., large Hyde Park apartment portfolio up for sale and MacKenzie Scott strikes twice at housing nonprofit with record-breaking $15 million gift.
Pushback has likely stopped Mayor Brandon Johnson's proposed alcohol tax hike in its tracks. Crain's restaurants reporter Ally Marotti joins host Amy Guth to discuss that and more from Chicago's hospitality scene, including the wine world bracing for possible Trump tariffs.Plus: City panel OKs South Works quantum campus, Deere shares gain on optimism farm gloom will lift in 2025, Medline reportedly could raise $5B in a 2025 IPO and McDonald's targets choosy diners with value menu revamp.
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