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Crain's Chicago Business
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.
08/27/24: Illinois at center of one of Dems' linchpin strategies
Crain’s health care reporter Katherine Davis talks with host Amy Guth about Illinois’ role in reproductive care nationwide and how personal it is for some legislators like U.S. Sen. Tammy Duckworth.Plus: Kroger-Albertsons deal heads to court with food prices in focus, Loop office tower could be back on track for residential conversion, Roti files for Chapter 11 bankruptcy, Christkindlmarket bumped out of Wrigley Field this year and passengers can catch a coastal cruise from Navy Pier starting in 2025.
19:5126/08/2024
08/26/24: The fun part's over for Democrats
After a successful Democratic National Convention, it's back to work this week for the party. Crain’s politics reporter Justin Laurence joins host Amy Guth to talk what's next for pols around Chicago.Plus: Powell says the "time has come" for Fed to cut interest rates, O'Hare plans to sell $1 billion in bonds as terminal project moves ahead, enrollment cliff has Illinois' public universities seeing red, the state's vision for Peotone airport includes some surprises and downstate Cairo is 3D printing affordable housing.
29:3923/08/2024
08/22/24: Pritzker gets his prime-time limelight
From Gov. J.B. Pritzker's much sought-after time in front of a national audience to Sen. Tammy Duckworth getting a few jabs in on Donald Trump and blistering messages from the Obamas, Crain’s politics reporter Justin Laurence and host Amy Guth recap the major events of the DNC's first days.Also, Crain’s residential real estate reporter Dennis Rodkin discusses news from the local housing market, including a big change in how residential real estate commissions are assigned.Plus: Hyatt to buy Standard International for up to $335 million, Ford cancels plans for electric SUV and a River North office skyscraper owner pays off $431 million loan.s off $431 million loan.
52:3921/08/2024
08/21/24: Rush points to health inequity during DNC
With the Democratic convention underway, Chicago's biggest hospital aims to bring attention to health care inequality by openly asking the public a stark question near the United Center. Crain’s health care reporter Katherine Davis discusses that and union action on the Illinois Medical District during the convention with host Amy Guth.Plus: Johnson plays both progressive leader and city host at the convention, UAW president calls out Stellantis on Belvidere plant, Kroger seeks to block FTC case against Albertsons acquisition and developers plan warehouse-to-apartment conversions in the West Loop.
23:5220/08/2024
08/20/24: Johnson ally sows confusion with DNC parties
A confidant of Mayor Brandon Johnson sparked concern among corporate donors by soliciting significant contributions to a political nonprofit planning to throw a week’s worth of DNC events. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.Plus: J.B. Pritzker's turn as DNC host vaults him to national stage, Cboe looks to return $500 million to investors, new entertainment concept planned at former Lawry’s space and activist investor takes stake in Portillo's.
26:1619/08/2024
08/19/24: Mars growing its domain in the snack aisle
The candy giant Mars is moving in to buy Chicago snack maker Kellanova for an eye-popping $36 billion. Crain's reporter Ally Marotti talks with host Amy Guth about the companies’ timeline, potential roadblocks and Kellanova CEO Steve Cahillane’s $81.4 million exit plan.Plus: Rivian pauses output of Amazon’s EV delivery van on parts shortage, bank biz sues Illinois over first-of-its-kind change to credit card fees, Mag Mile retail property handed over to lender and Illinois bans legacy admissions at public universities.
22:3416/08/2024
08/15/24: The absolute top shelf of homes on the Chicago market
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth to recap news from the local market, including the Chicago area's highest-priced home for sale — a $35 million lakefront Winnetka mansion.Plus: Mars buys Chicago snack maker Kellanova in $36 billion deal, Hobson's out as Starbucks chair as board jettisons CEO, private-equity firms gear up for deals after slow start to the year and how Chicago smashed its fundraising goal for the DNC.
37:3314/08/2024
08/14/24: Chicago family keeps buying slices of Mackinac Island
The family that bought Oberweis Dairy has also been grabbing pieces of Mackinac Island and is working to patch up a ferry fleet in dire straits. Crain’s Grand Rapids Business reporter Rachel Watson discusses with host Amy Guth.Plus: Snelling says CPD will intervene the "moment" DNC protests turn violent; Bears surveying fans on what they want from a new stadium; Carlyle to buy Baxter's kidney-care unit for $3.8 billion; Northwestern lands naming rights deal for temporary lakefront stadium; and the DNC was supposed to fill hotels — but one week out, that hasn't happened.
25:1813/08/2024
08/13/24: Johnson's 'Treatment Not Trauma' health plan so far
Crain’s health care reporter Katherine Davis and analyst Sophie Rogers join host Amy Guth to discuss Chicago’s aim for a progressive approach to its mental health crisis.Plus: Illinois now has blueprint for K-12 schools to teach dangers of overdose, Western Illinois University lays off more staff in second round of cuts, how much Amex pocketed on the sale of Itasca's Accertify and the city delays $643 million bond deal due to market volatility.
33:4112/08/2024
08/12/24: Johnson has an even bigger budget hole to plug
Mayor Brandon Johnson is facing a budget gap that could reach nearly $1 billion. Crain’s politics reporter Justin Laurence discusses the city’s plans with host Amy Guth.Plus: Boeing's new CEO touts transparency and plans to talk the factory floor, Bluhm makes $56 million bet on Mag Mile vertical mall, Walgreens sells $750 million in its upsized first junk bond sale, Morningstar targeted in lawsuit over one of its investment tools and Ford's Chicago plant faces the future of EVs.
28:5809/08/2024
08/08/24: The priciest time to go house shopping, ever
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to break down the latest Chicago real estate data.Plus: Johnson under pressure as budget gap could reach nearly $1 billion, Rivian net loss widens to $1.46 billion despite sales gains and cost cutting, Oak Park apartment complex sold to California investor and parent companies of Mariano's and Jewel pressured by investor group over abortion pill sales.
36:1807/08/2024
08/07/24: What CVS' health play has that Walgreens' doesn't
Crain's health care reporter Katherine Davis talks with host Amy Guth about why CVS is doubling down on primary care with new clinics while its competitors are backpedaling.Plus: What’s next for Pritzker after the veepstakes, Damen Green Line Station opens two weeks before the DNC, historic State Street buildings to avoid the wrecking ball and Goolsbee says Fed is less reactive than markets — and won't overreact.
19:4106/08/2024
08/06/24: New dining spots popping up around Millennium Park
Crain's restaurants reporter Ally Marotti talks with host Amy Guth to discuss the latest from the dining world, including two new Latin American eateries downtown and the owners of Adalina expanding in the Gold Coast.Plus: Global stock meltdown triggers "mad rush" for Treasuries, Walgreens cashes in $1.1 billion of Cencora stock, Kellanova soars as Mars weighs deal for the snackmaker and Chicago's largest foundations see increase in 2023 assets.
23:1705/08/2024
08/05/24: Are fancy new stadiums worth the burden?
Crain’s contributor Margaret Littman joins host Amy Guth to discuss the complex considerations around whether stadiums are a smart use of taxpayer money.Plus: Chicago biz leaders urge Kamala Harris to pick J.B. Pritzker as veep, JPMorgan dragged into fight over one of Chicago's oldest hotels, Loop office-to-residential conversion at risk as distressed tower hits the market and Dick Durbin seeks major boost in quantum funding.
33:4202/08/2024
08/01/24: Want to live in a Mies on Lake Shore?
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including the story behind a condo for sale in one of the very first Mies van der Rohe buildings on Lake Shore Drive and the legal fight over a Sonoma-style Galena resort project.Plus: Boeing names Kelly Ortberg as new CEO, Deere adds nearly 300 HQ staff to mounting layoffs, record payouts on biggest U.S. grid signal costs of reliable power and U.S. Soccer to sell $200M of debt to finance Chicago-to-Atlanta HQ move.
43:1231/07/2024
07/31/24: Scoping out 7 new dining spots
Crain's restaurants reporter Ally Marotti joins host Amy Guth to discuss some new eateries around town worth keeping an eye on.Plus: Survey predicts M&A deal pickup in second half of 2024, J.B. Pritzker signs measure to expand abortion coverage, behavioral health provider expanding with Far South Side clinic and CTA's Red Line extension gets new financial help from the feds.
28:0230/07/2024
07/30/24: Lead-up to the DNC
Crain’s politics reporter Justin Laurence talks with host Amy Guth about the coming Democratic National Convention, from the newly announced restricted zones to Chicago donors opening their pocketbooks for Kamala Harris and J.B. Pritzker playing coy about potentially being her running mate.Plus: McDonald’s sales fall for first time since 2020, Fed expected to signal September rate cut at this week's meeting, Jewel and Mariano's parents put merger on ice to fight Colorado challenge and Crain's brand-new list of top construction firms.
25:2429/07/2024
07/29/24: A white whale project for the South Side
A huge quantum computing campus, much pursued by Gov. J.B. Pritzker, is coming to the former U.S. Steel South Works site. Crain’s technology reporter John Pletz talks with host Amy Guth about the development coming to the long fallow South Side spot.Plus: Bally's agrees to hedge fund buyout, Boeing completes deal to plead guilty over 737 Max crashes, restricted zones during the DNC, and Pritzker touts Illinois' cannabis social equity program as one poised to be a "national standard."
22:2226/07/2024
07/25/24: A Prairie-style gem in Brookfield
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about top stories from the local housing market, including a historic Prairie-style kindergarten turned home for sale in Brookfield.Plus: Chicago's donor class opens its pockets for Harris; Medline exploring IPO, with possible valuation of $50 billion; Cboe to offer traders another way to hedge S&P 500 swings; and Intersect Illinois hires physicist to recruit quantum companies.
23:0824/07/2024
07/24/24: Wirtzes, Reinsdorfs reveal West Side megadevelopment
The owners of the United Center want to build a $7 billion mixed-use campus around the stadium. Crain's commercial real estate reporter Danny Ecker discusses the proposal with host Amy Guth.Plus: Pritzker says he's not being vetted as a Harris running mate; Foxtrot applies for liquor licenses, as does grocer replacing Dom’s; United Airlines, feds forge climate deal to track greenhouse gas data in the sky; Lurie to expand mental health training for primary care docs; and Ariel's John Rogers tapped for top post at Economic Opportunity Coalition.
23:4823/07/2024
07/23/24: What Biden's exit means for upcoming Chicago DNC
Crain’s political columnist Greg Hinz talks with host Amy Guth about Joe Biden’s exit from the 2024 presidential race, local support for Kamala Harris, her possible running mates and the upcoming DNC.Plus: Sterling Bay continues Fulton Market sell-off, California investor picks up Oak Park apartments for $60 million, ex-NBA owner in talks to buy distressed former Groupon HQ and the biggest bank in Chicago just keeps growing.
22:3022/07/2024
07/22/24: Analyzing the RNC and looking at the campaign ahead
Crain’s political columnist Greg Hinz discusses his analysis of the RNC and the landscape of the presidential campaign ahead with host Amy Guth.
Plus: Airlines, health systems, public services and other sectors impacted by global CrowdStrike outage; Goolsbee says Fed risks ‘golden path’ if it doesn’t cut soon; Hyatt in advanced talks to buy Standard Hotels brand; and Sephora closing Water Tower Place store, adding to Mag Mile retail vacancy.
30:0419/07/2024
07/18/24: Checking in on Chicago's 3 megaprojects
Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss where the city’s sprawling megadevelopments — Lincoln Yards, Bronzeville Lakefront and The 78 — stand years after they were approved.Plus: After pouring cold water on Bears stadium deal, Pritzker sits down with Warren; Walgreens hit with lawsuit over recent stock tank; the feds' cutting-edge tech arm plants a quantum-computing flag in Illinois; Burnham Center foreclosure adds to downtown distress; and Deere backs down from diversity initiatives after online attacks.
35:4317/07/2024
07/17/24: The GOP convention's first days
With the RNC underway in Milwaukee, Crain's political columnist Greg Hinz joins host Amy Guth to discuss former President Donald Trump’s veep pick and more.Plus: Brookfield Zoo reveals $500 million redevelopment and expansion plan, suburban office vacancy just keeps climbing, auto dealerships lost $1 billion from CDK cyberattack and United removes flight attendant after NFL star handcuffed.
25:4616/07/2024
07/16/24: Pols denounce political violence in face of Trump shooting
The attempted assassination of Donald Trump shook the presidential campaign and drew bipartisan condemnation from all over, including Democratic strongholds like Illinois. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.Plus: Boeing warns customers of further 737 Max delays amid crisis, Mag Mile office building could go residential, distressed LaSalle Street tower loan sold to New York investors and former Loretto CFO charged in $15 million embezzlement scheme.
19:0115/07/2024
07/15/24: How the real chefs behind 'The Bear' do it
Staff at the Michelin-starred Ever showed Crain's how they made the dishes seen on Hulu and FX's "The Bear." Reporter Ally Marotti discusses the behind-the-scenes look with host Amy Guth.Plus: Bally's lands nearly $1 billion in casino financing in exchange for future ownership, AT&T customer calls and texts breached in massive hack, Aon taking on tricky businesses with insurance deals for Ukraine and hydrogen developers and Stellantis scores major federal grant for Belvidere.
26:2712/07/2024
07/11/24: The most bang for first-time homebuyers' buck
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss news from the local market, including another apartment building going condo in River North and how Chicago gives first-time homebuyers the most buying power among big U.S. cities.Plus: Mariano's and Jewel parents plan to divest 35 stores in Illinois to secure merger, untangling the 'ComEd Four' case will take months, Napleton lawsuit claims Hyundai pushed fake EV sales reporting scheme and Deere layoffs mount in the Quad Cities.
36:2610/07/2024
07/10/24: Car dealers in the dark for weeks
Cyberattacks on CDK Global led to a massive shutdown for thousands of auto dealerships in North America. Mark Hollmer, reporter for Crain’s sister publication Automotive News, talks with host Amy Guth about the saga and what lies ahead for the Hoffman Estates-based software company.Plus: Aon is slashing its suburban office space with Bannockburn move; United Airlines jet loses wheel in repeat of March incident; a new name, look and mission for Amalgamated Bank of Chicago; and Mayor Brandon Johnson spikes threat to his control over City Council meetings.
23:1909/07/2024
07/09/24: How Dom's went under
Crain's retail reporter Ally Marotti joins host Amy Guth to discuss what went wrong with the upscale Chicago grocer Dom's Kitchen & Market.Plus: Mag Mile landlords get the OK to tax themselves — but not without a delay; Boeing to plead guilty to fraud for violating deal over crashes; Invenergy expands HQ again on Wacker Drive; Illinois ends fiscal year with extra cash on hand; and Discover settles class actions tied to credit card misclassifications.
28:5508/07/2024
07/08/24: Top-crust home sales defy the market
Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth about upper-end home sales and a Frank Lloyd Wright home stuck in foreclosure limbo.Plus: Supreme Court denies review of Illinois gun appeals, lender looks to unload distressed JW Marriott Chicago, Jelly Belly shuttering North Chicago plant and Illinois notches a win and a loss in feds' contest for big research grants.
28:0103/07/2024
07/03/24: Rougher waters ahead for Walgreens
The outlook for Walgreens Boots Alliance keeps darkening with CEO Tim Wentworth presenting investors with an uncertain picture filled with headwinds. Crain’s health care reporter Katherine Davis talks with host Amy Guth about challenges ahead for the pharmacy giant — plus, an update on Howard Brown Health.Plus: Weeks after bombshell report, Guaranteed Rate board hasn't met to discuss founder's leadership; Deere reportedly laying off hundreds amid decline in farming demand; dealerships sue CDK for 'negligence in protecting users of its systems,' downtown arts college shutting down; and developer nears $1B refinancing for portfolio that includes 5 Chicago towers.
25:5902/07/2024
07/02/24: City ponders new taxes
A City Council subcommittee is considering a slew of new ideas to raise revenue, including a grocery tax, service tax and more. Crain’s reporter Justin Laurence talks with host Amy Guth about some options on the table.Plus: Boeing fraud charge and Spirit deal lay bare scope of crisis, Boots CEO reportedly leaving after Walgreens drops plan to sell, Citadel buys Goldman alum's company to trade power in Japan, and developer reviving former AT&T campus lands new largest tenant.
28:4201/07/2024
07/01/24: The strange, fraudulent tale of Outcome Health
After Outcome Health executives’ recent sentencing in federal court, Crain’s technology reporter John Pletz talks with host Amy Guth about the Chicago company’s journey from local startup darling to its founders' fraud convictions.Plus: Walgreens shares plunge on outlook cut and plans for more store closings; Mayor Brandon Johnson reportedly had a CTU helping hand in drafting letter to Springfield; AbbVie buys drug developer Celsius Therapeutics for $250 million; Northwestern releases athletics accountability report led by ex-AG Loretta Lynch; and according to Crain’s survey voters oppose Bears' stadium pitch by a 2-1 margin — but there's more to the story.
36:2328/06/2024
06/27/24: New high marks for Chicago's housing market
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 and unfair trap" in ruling with implications for Madigan, Volkswagen invests $5 billion in Rivian to form EV joint venture, Sterling Bay looks to sell another Fulton Market development site and Ken Griffin gives $10 million to Northwestern Medicine.
48:3526/06/2024
06/26/24: Illinois' place in a post-Roe U.S.
Illinois abortion providers report seeing an influx of patients since the Dobbs v. Jackson decision two years ago, effectively kick-starting the transformation of abortion law across the country. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.
Plus: Vote on Sterling Bay project at heart of aldermanic prerogative fight delayed, Thoma Bravo is exploring a sale of Canadian auto marketplace Trader, Jump Trading's crypto chief is stepping down and Northwestern breaks ground on new stadium after rocky path to approval.
23:1625/06/2024
06/25/24: Johnson takes on a City Council tradition
Mayor Brandon Johnson won the first round of a fight with local Ald. Scott Waguespack over a residential project near Lincoln Yards. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the development and the city’s potentially shifting custom of aldermanic prerogative.Plus: Former Ald. Ed Burke sentenced to 24 months in prison, American Express buying Tock for $400 million, RXO agrees to buy Coyote Logistics for $1 billion and federal prosecutors reportedly recommend DOJ criminally charge Boeing.
19:2524/06/2024
06/24/24: New owner's plans for Oberweis
Oberweis Dairy's new ownership regime officially took the reins at the more than 100-year-old ice cream maker emerging from bankruptcy. Crain's retail reporter Ally Marotti discusses with host Amy Guth.Plus: United Airlines plane turns back after engine piece falls off, Cameo moving HQ back to Fulton Market, Jewel-Osco-anchored retail center on Near West Side nets $31 million and Goolsbee says Fed can cut rates with more inflation reports like last month's.
20:0121/06/2024
06/20/24: Wrigleyville neighbors try to stop apartment project
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including a petition trying to block the demolition of three vintage buildings next to Wrigley Field.Plus: First look at the next Cook County budget shows a $218 million gap, Trump changes plans to stay in Milwaukee during RNC instead of Chicago, SEC fines R.R. Donnelley $2.1 million related to ransomware attack and City Hall panel to consider digital billboards on the Riverwalk as revenue source.
46:1719/06/2024
06/19/24: Infamous Chicago Spire hole gets filled
The foundation left behind by the failed Chicago Spire project will soon be covered as vertical construction on the first phase of Related Midwest's massive two-tower residential development gets underway. Crain’s commercial real estate reporter Rachel Herzog talks about the plans for the Lake Shore Drive construction site with host Amy Guth.Plus: Illinois' ban on "bump stocks" remains in place despite U.S. Supreme Court decision, whistleblower says Boeing lost hundreds of bad 737 parts, feds want Outcome Health's ex-CEO Rishi Shah to do 15 years in prison, eight Northwestern projects land seed funding from Ryan family accelerator and McDonald's won't let AI run its drive-thrus — for now.
24:3118/06/2024
06/18/24: Growing the violence prevention network
Violence intervention groups are expanding around Chicago, with help from private and public funding. Crain’s reporter Corli Jay talks about the efforts with host Amy Guth.Plus: Ed Burke seeks sentencing delay, FAA probes suspect titanium used in Airbus and Boeing jets, NinjaTrader CEO sees surge in futures trading as tech draws in younger users, bank leaders say real estate pain is still confined to office and a senate bill would jail private-equity execs for health care "looting."
21:3217/06/2024
06/17/24: A side effect of abortion restrictions
Abortion bans are driving demand for medical residency programs in states like Illinois. Crain’s health care reporter Katherine Davis joins host Amy Guth to discuss the national trend among fledgling doctors looking to gain full accreditation.Plus: Tempus IPO raises $410 million, at top of the range; CTA, Metra and Pace mull day pass for all 3 systems; Northwestern AD who oversaw department beset by scandal stepping aside; Crain’s Fast 50 list of Chicago’s fastest growing companies returns; and dogs will soon fly first class out of Chicago on this new airline.
23:4514/06/2024
06/13/24: Frank Lloyd Wright home to be restored
Crain's residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a troubled Frank Lloyd Wright row house that’s found a rescuer and two homes for sale for the first time in roughly a century.Plus: Coach houses and granny flats could soon be allowed citywide, startup Tegus to be acquired for $930M by Trott-backed rival, judge dismisses Madigan-related whistleblower suit against St. Anthony and a city panel approves subsidies for Loop office conversions.
46:1412/06/2024
06/12/24: Medical debt burden exposes inequity
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.
32:3811/06/2024
6/11/24: Northwestern's problem in D.C. gets more serious
Congress continues to circle around Northwestern, recently threatening the school with a subpoena for impeding its investigation following President Michael Schill’s appearance on the Hill. Crain’s education reporter Brandon Dupré discusses with host Amy Guth.
Plus: Biz leaders give Pritzker, legislators solid marks after spring session; Walgreens shelves plans for Boots IPO; United is making a digital-advertising push; and Hancock tower observation deck operator buys Signature Room space.
26:5910/06/2024
06/10/24: No more dining in flip-flops
Chicago steakhouses and other high-end restaurants are increasingly implementing dress codes, establishing a new generation of attire requirements in a city that has long sought to curate its fine-dining scene. Reporter Ally Marotti talks about the move, and specific concerns that come with it, with host Amy Guth.Plus: Zurich North America offloads big part of Schaumburg HQ to Wheels; Chicago has third-most Fortune 500 companies in the U.S.; American Dental Association finalizes HQ sale to Lurie, move to Mag Mile; and Chicago Park District expands free internet access in parks.
30:4607/06/2024
06/06/24: What sets Chicago's downtown price slump apart
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including Chicago’s sagging downtown home prices and a lawsuit that claims Evanston's reparations program is unconstitutional.Plus: Foxtrot stores will start reopening this summer, Blue Cross parent shedding big office block in East Loop HQ, United throttles back hiring but still is adding thousands of Chicago jobs and Congress expands Northwestern probe over antisemitism.
52:0805/06/2024
06/05/24: Ascension outsourcing gets senator's attention
One of the U.S. senators investigating private equity’s push into health care is now targeting Ascension Illinois over its move to outsource some hospital staff. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.Plus: IBM eyes a quantum computing play in Chicago, South Loop apartment tower handed over to lender, investor weighing sale of Oak Street retail corner and Boeing 737 deliveries to China still halted amid restart reports.
20:3704/06/2024
06/04/24: Cannabis vs. craft brewing in Springfield
Amid declining sales, many craft brewers have turned to hemp-derived THC drinks, which just avoided tighter restrictions in the General Assembly despite cannabis companies' lobbying efforts. Crain's consumer products reporter Ally Marotti discusses with host Amy Guth.Plus: Waste Management agrees to buy Stericycle in $7.2B deal, Boeing executives unlikely to be charged for 737 Max crashes, Deere to cut some salaried workers, Fulton Market apartment building set for hotel conversion and Rivian CEO expects U.S. EV growth to pick up with more model choices.
19:1803/06/2024
06/03/24: A first-of-its-kind carve-out for retailers
A last-minute measure tucked in the Illinois budget meant to give retailers a break is infuriating airlines and credit card companies. Crain’s politics reporter Leigh Giangreco discusses the provision with host Amy Guth.Plus: Michigan Avenue office landlord hit with $29 million foreclosure lawsuit, Oberweis Dairy sold in bankruptcy auction, FAA vows to maintain scrutiny on Boeing, why Amazon now owns a big slice of Grubhub and Columbia College Chicago lays off 70 staffers amid budget crisis.
22:1931/05/2024
05/30/24: Rising home prices clear two milestones
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how Chicago-area home prices have doubled since 2000 and the median price of homes sold hit a new record in April, even surpassing the usual peaks in summer months.Plus: After working through the night, state lawmakers finalize $53.1 billion budget; CPS releases schools budget under new funding formula as $391M deficit looms; local investor buys distressed offices next to Oakbrook Center mall; and a South Loop skyscraper development site handed over to lender.
44:5929/05/2024