South Chicago industrial properties flip for $20 million — an 80% markup

Chicago Biz Journals 9/22 11:52A Alex Zorn

Two industrial facilities — a 33,000-square-foot truck terminal and an 8.5-acre container storage yard in the South Chicago submarket — sold for $20 million this week.

West Loop office tower sells for steep discount

Chicago Biz Journals 9/22 9:55A Alex Zorn

The property at 230 W. Monroe last sold to Accesso Partners in 2014 for $122 million.

The US needs more manufacturing space. Here's why Chicago is a good place to start.

Chicago Biz Journals 9/22 5:58A Alex Zorn

Increased capital and corporate interest in expanding manufacturing in the U.S. could open doors for new development in Chicago.

United Airlines names Michael Leskinen CFO

Chicago Biz Journals 9/22 5:08A Ben Miller

Michael Leskinen will replace Gerry Laderman, who is retiring in September 2024 after working for the airline for more than 30 years.

As W.P. Carey exits office, opportunities could emerge in Chicago

Chicago Biz Journals 9/21 9:28A Anna Butler

W.P. Carey plans to spin off 59 office assets to create a publicly traded office-focused real estate investment trust.

City Council committee approves plan to eliminate subminimum wage for tipped employees

Chicago Biz Journals 9/21 9:23A Alex Zorn

The Chicago City Council's Workforce Development Committee backed a proposal this week that would eliminate subminimum wage for tipped employees, including waiters, bartenders, doormen, housekeepers and delivery drivers for restaurants.

LanzaJet partners with Technip engineering firm to bring sustainable aviation fuel to market

Chicago Biz Journals 9/21 8:02A Alex Zorn

LanzaJet is collaborating with Technip Energies to help further accelerate the launch and global deployment of its alcohol-to-jet fuel process.

Portillo’s boosts expansion plans with smaller future restaurants

Chicago Biz Journals 9/21 7:12A Ben Miller

Portillo’s Inc. has unveiled plans to open more restaurants than previously announced, with smaller footprints than its current locations.

Vivante raises $31 million for digital digestive health care

Chicago Biz Journals 9/20 11:06A Alex Zorn

Vivante aims to improve care for individuals who suffer from chronic digestive conditions.

Dom's Kitchen & Market to open in Chicago's River North

Chicago Biz Journals 9/20 9:33A Alex Zorn

An upscale grocery store concept from the founder of Mariano's is planning to open its Chicago third location.

Grubhub to launch $1 million microgrant program to combat Chicago food deserts

Chicago Biz Journals 9/20 9:14A Wendell Hutson

Grubhub will offer $1 million in microgrants to Chicago-area organizations providing access to food and meal services.

Chicago airports show a bit of improvement in annual airport satisfaction survey

Chicago Biz Journals 9/20 7:47A Ben Miller

O'Hare and Midway improved their positions in J.D. Power's 2023 North America Airport Satisfaction Survey.

Chicago Blackhawks' $65M arena expansion project approved

Chicago Biz Journals 9/19 10:14A Andrew Vaupel

A Kansas City-based full-service architecture and interior design firm that specializes in sports design has been selected to design a $65 million expansion of Fifth Third Arena for the Chicago Blackhawks.

Candy manufacturer Ferrero North America unveils Chicago R&D center

Chicago Biz Journals 9/19 9:32A Wendell Hutson

Ferrero North America's 45,000-square-foot Innovation Center, located inside the Marshall Field and Co. Building on State Street, will employ 150 people.

Civic Opera Building lands new office tenant amid financial turmoil

Chicago Biz Journals 9/19 9:00A Alex Zorn

Constangy, Brooks, Smith & Prophete is moving its Chicago office to the Civic Opera Building.