Crain's Daily Gist

'Zombie mortgages' awaken around Chicago

fsennett@crain.com (Frank Sennett) — Wed, 22 Apr 2026 23:02:34 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss the latest from the local housing market, including how the mortgage crisis of the early 2000s is coming back to haunt Chicago-area homeowners.

Plus: Illinois lawmakers push Bears stadium plan tied to tax overhaul, American gains O’Hare gates as United loses ground, West Suburban property owner sues to take control of troubled hospital and River North offices put up for sale after $35 million redevelopment plan scrapped.

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Chicago's 100 biggest private companies

fsennett@crain.com (Frank Sennett) — Tue, 21 Apr 2026 20:13:13 +0000

This year's list of Chicago’s largest private companies has a newcomer near the top. Crain’s researcher David Nusbaum discusses with host Amy Guth.

Plus: New details on Ishbia-Amtrak land deal as Sox future takes shape, Loop office tower owner hit with $223 million foreclosure lawsuit, Baird raises $450 million amid sluggish private equity environment and Trump pans United-American merger while pushing for a Spirit buyer.

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Momentum building for downtown apartments

fsennett@crain.com (Frank Sennett) — Mon, 20 Apr 2026 22:35:07 +0000

A Fulton Market apartment project landed a $102 million construction loan, among Chicago’s largest in years. Crain’s Rachel Herzog talks with host Amy Guth about the companies involved and the apartment project loan landscape.

Plus: Huron Consulting shrinks West Loop HQ as downtown office attrition persists, AbbVie signs $745 million deal to develop pain medicines from Chinese drugmaker, judge puts WGN parent’s merger plans on hold until final court ruling and feds crack down on Federal Savings Bank over misleading ads for VA loans.

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A potential seismic event for O'Hare

fsennett@crain.com (Frank Sennett) — Fri, 17 Apr 2026 22:15:52 +0000

Crain’s airlines reporter John Pletz talks with host Amy Guth about what Chicago stands to lose in potential United-American merger.

Plus: Illinois to get $50 million in Jewel-Osco parent’s $774 million opioid settlement, Golub recapitalizes Century Tower in $65 million deal, West Coast fintech company plans big River North office and Whole Foods to open new store in Lakeview.

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After surprise hospital shutdown, a sudden reopening

fsennett@crain.com (Frank Sennett) — Wed, 15 Apr 2026 22:45:48 +0000

West Suburban Medical Center began reopening under pressure after surprise shutdown as Springfield weighs tougher rules on hospital closures. Crain’s contributor Jon Asplund talks with host Amy Guth about the medical center and other local hospital headwinds.

Plus: Former ComEd CEO and lobbyist granted new trials in Madigan bribery case, Thoma Bravo signs multiyear deal with Google for AI adoption, logistics firm RJW extends suburban warehouse leasing tear and city seeks to shut down Ford City Mall over ‘imminent’ health and safety threat.

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Office-to-apartments deals build momentum

fsennett@crain.com (Frank Sennett) — Tue, 14 Apr 2026 22:58:09 +0000

Residential conversions are gaining steam around downtown with the sale of two office buildings. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: United Airlines CEO has pitched a possible tie-up with rival American, Conagra’s new CEO faces a pricing bind with no clear fix, New York firm bets on downtown office revival with deal for distressed Loop tower and Jesse Jackson’s son picked to lead Rainbow PUSH Coalition.

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Pritzker wants data centers to cover their power tab

fsennett@crain.com (Frank Sennett) — Mon, 13 Apr 2026 22:19:09 +0000

Gov. JB Pritzker joined a coalition of governors urging the operator of the power grid in Illinois and other a dozen other states to force data centers to pay up. Crain’s reporter John Pletz discusses the push to shield consumers from rising electricity costs with host Amy Guth.

Plus: Conagra CEO Connolly is out after 60% stock slide, Abbott hit with $70 million verdict in Chicago infant-formula trial, Pritzker says DHS threat over O’Hare customs will hurt economy and housing advocates sue to undo CHA leadership pick.

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The biggest Mag Mile lease since 2015

fsennett@crain.com (Frank Sennett) — Fri, 10 Apr 2026 23:14:42 +0000

Crain’s reporter Rachel Herzog talks with host Amy Guth about local commercial real estate news, including the Candy Hall of Fame coming the Mag Mile.

Plus: Mayor Johnson reshuffles key safety and transportation posts amid staff churn, Madigan’s high-powered appeals team urges 7th Circuit to overturn speaker’s conviction, AbbVie suing feds over 340B provider audits and Quigley bill aims to speed up pipeline of new homes.

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Highland Park's biggest batch of new homes in decades

fsennett@crain.com (Frank Sennett) — Wed, 8 Apr 2026 23:17:17 +0000

Crain's residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including the more than 200 for-sale homes coming to Highland Park’s long-empty Solo Cup factory site.

Plus: Proposed $55 million tax break for United Center’s 1901 Project hits a speed bump, Chicago startups eye long-awaited exits as IPO market warms up, Starbucks and 7-Eleven expansion planned for Chicago-based overnight oats maker and lawsuit against Evanston’s reparations program gets judge’s OK to move forward.

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Michelin-starred chefs want to open a neighborhood bar

fsennett@crain.com (Frank Sennett) — Tue, 7 Apr 2026 22:26:49 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the latest from Chicago's dining scene, including some notable openings, expansion plans for Mediterranean chain Roti and this year’s local James Beard Award finalists.

Plus: New DHS chief floats crackdown on sanctuary city airports, including O’Hare; Chicago options clearing hub fuels clash between Goldman, Citadel and retail brokers; investors pay $61 million for Lombard apartment complex and a hedge fund signs deal for new Chicago office at BMO Tower.

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What brought down West Suburban Medical Center

fsennett@crain.com (Frank Sennett) — Mon, 6 Apr 2026 23:58:25 +0000

Crain’s contributor Jon Asplund talks with host Amy Guth about the latest health care news, including West Suburban’s sudden closure and Walgreens’ private equity owner plans to double the pharmacy chain’s profits.

Plus: Downtown office vacancy sets another record while top space tightens, Chicago’s Madison Air seeks to raise $2.23B in IPO, fund founded by Pritzkers inks private credit deal for PLZ and downtown office vacancy sets another record while top space tightens and Court ruling could slash payouts in Illinois biometric privacy lawsuits.

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Johnson's struggle with CHA leadership

fsennett@crain.com (Frank Sennett) — Fri, 3 Apr 2026 21:09:23 +0000

Crain’s politics reporter Justin Laurence and host Amy Guth discuss the latest on the Bears stadium saga, with the park district pushing for a $630 million Museum Campus overhaul, and Mayor Brandon Johnson’s effort to oust the acting CHA leader.

Plus: ABA backs Jenner & Block in fight with Trump administration, CFTC sues Illinois and other states over prediction markets rules, Oak Park apartments trade for $23 million and United raising bag fees as fuel prices soar.

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For Michael Jordan estate owner, setback after setback

fsennett@crain.com (Frank Sennett) — Wed, 1 Apr 2026 21:52:05 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including the latest on the saga of the former Michael Jordan estate and relief for Chicago-area homebuyers that comes with a caveat.

Plus: Goodell presses Bears as Illinois, Indiana await stadium call; Rivian bike spinoff lands $1 billion valuation and DoorDash partnership; office landlord faces another hit in Evanston after Fulton Market setback; and Mondelez and Radio Flyer among 70 Illinois companies suing Trump for tariff refunds.

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AI's massive water usage raising alarms

fsennett@crain.com (Frank Sennett) — Tue, 31 Mar 2026 22:53:38 +0000

Plans for AI data centers are raising concerns about the long-term health of the Great Lakes region's most critical natural resource. Crain’s contributor Steve Hendershot discusses with host Amy Guth.

Plus: Government still dominates as largest employer in Chicago for 2026, university funding overhaul bill advances in House despite U of I opposition, Sofitel Chicago goes up for sale and three Chicago chefs named James Beard Award finalists

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Cook County property tax hikes outpace inflation

fsennett@crain.com (Frank Sennett) — Mon, 30 Mar 2026 23:04:56 +0000

Cook County property taxes have grown at more than double the inflation rate since 1995. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: Jenner & Block fires back at Trump administration in executive order appeal, Chicago-based benefits administrator Alight risks NYSE delisting after stock plunges below $1, Trader Joe’s advances on possible Uptown store and public-private Illinois abortion fund gives out its first $1 million.

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Apartment landlords push to sell despite headwinds

fsennett@crain.com (Frank Sennett) — Fri, 27 Mar 2026 21:03:33 +0000

Crain’s reporter Rachel Herzog joins host Amy Guth to discuss the latest commercial real estate news, including a Streeterville mid-rise office building that could go residential as well as apartment towers hitting the market in River North, Gold Coast and Uptown.

Plus: JetBlue reportedly exploring sale to United; Ariel names new president as Hobson and Rogers relinquish parts of their portfolios; CME and Bank of Montreal team up to launch tokenized cash service; and West Suburban blames billing system failure as officials air frustration over closure.

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Ken Griffin isn't done selling Chicago portfolio yet

fsennett@crain.com (Frank Sennett) — Wed, 25 Mar 2026 22:14:27 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth about to talk the latest local housing news, including Ken Griffin’s last Chicago condo going back up for sale, a divisive push to preserve west Lakeview greystones and more.

Plus: Commercial landlords avoid penalties amid Cook County’s twice-delayed property tax sale, United Airlines warns of 20% fare hike to cope with oil surge, Mars to add 600 jobs and invest $100 million in Chicago operation and a South Loop developer lands $83 million construction loan for long-planned Riverline project.

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For Illinois, a huge congressional turnover

fsennett@crain.com (Frank Sennett) — Tue, 24 Mar 2026 23:17:16 +0000

Sen. Dick Durbin’s retirement will reduce Illinois’ clout in D.C. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Supreme Court justices signal skepticism of post-Election Day mail ballot deadlines, including Illinois’; Fed’s Goolsbee says he could see circumstances for rate hike; Uber to invest up to $1.25 billion in Rivian in robotaxi bet; and Uncommon Ground seeks new operator as longtime Wrigleyville restaurateurs plan to retire.

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Landlords show cautious optimism after Hynes' assessor win

fsennett@crain.com (Frank Sennett) — Mon, 23 Mar 2026 19:13:35 +0000

Some investors see Patrick Hynes' primary win over incumbent Cook County Assessor Fritz Kaegi as a chance to rebuild Chicago's real estate cred. Crain’s reporter Danny Ecker talks with host Amy Guth about the election news and the new City Council-approved downtown hotel surcharge.

Plus: CTA sues Trump administration over frozen Red Line extension funds; Johnson proposes $55 million tax break for Bulls, Blackhawks 1901 development; legal data firm Relativity confidentially files for IPO; and Illinois House approves bill giving regulators power to reject insurance rate hikes.

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Sox owner-to-be lines up possible stadium site

fsennett@crain.com (Frank Sennett) — Fri, 20 Mar 2026 22:53:02 +0000

Justin Ishbia is set to buy a massive South Loop rail yard for a potential White Sox stadium site. Crain’s reporters Danny Ecker and Justin Laurence discuss with host Amy Guth.

Plus: Amazon wants to eat Costco’s lunch in Chicago’s suburbs, United CEO games out "higher for longer" oil prices, Motorola rival ordered to pay $50 million fine for stealing trade secrets and Illinois high court finds employers could be on the hook for time worked outside normal hours

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The typical Chicago homeowner is getting older

fsennett@crain.com (Frank Sennett) — Wed, 18 Mar 2026 22:58:48 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the rising age of the average homeowner in Chicago.

Plus: Justin Ishbia set to buy massive South Loop rail yard for potential White Sox stadium, a roundup of the state’s high-stakes primary night, BP’s union worker lockout plan and a New York investor pays $77 million for River North apartments.

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Blue Cross Illinois, Prime Healthcare locked in contract dispute

fsennett@crain.com (Frank Sennett) — Tue, 17 Mar 2026 22:49:05 +0000

Crain’s contributing reporter Jon Asplund joins host Amy Guth to discuss the latest local health care news, including Baxter's new CEO getting a cool $29.8 million pay package in 2025, eight Chicago-area hospitals that could soon exit Blue Cross's network and local surgical center rankings.

Plus: FAA seeks deeper-than-expected flight cuts at O’Hare, federal railroad agency eyes HQ move to LaSalle Street, Signature Bank acquired by New York-based Esquire for $348.4 million and Morningstar inks $5M tech partnership with U of I to secure talent pipeline.

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New restaurant options on Chicago riverfront

fsennett@crain.com (Frank Sennett) — Mon, 16 Mar 2026 22:40:52 +0000

With a new dining spot opening under Chicago Cut and Levy’s planning a major event space makeover, Crain's restaurants reporter Ally Marotti joins Amy Guth to talk the latest dining news around the riverfront.

Plus: Tech giants sue Chicago over social media tax, calling it unconstitutional; airline CEOs urge Congress to end shutdown standoff as TSA lines grow; developer Mike Reschke plans Burnham Center office-to-hotel conversion; and Trump tariffs have cost automakers at least $35 billion since 2025.

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Downtown apartment rents surge again

fsennett@crain.com (Frank Sennett) — Fri, 13 Mar 2026 22:08:25 +0000

Downtown Chicago apartment rents keep climbing as new supply lags. Crain’s commercial real estate reporter Rachel Herzog talks about the downtown rental outlook with host Amy Guth.

Plus: City Council budget coalition blocks local video gambling bans, Chicago urges FAA to rethink its plans to cut summer flying at O’Hare, CME and Cboe chiefs urge crackdown on fast-growing prediction markets and airlines brace for turmoil as fuel costs surge amid war in the Middle East.

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You missed your chance to rent Michael Jordan's old mansion

fsennett@crain.com (Frank Sennett) — Wed, 11 Mar 2026 23:02:11 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth talk the latest news from the local housing market, including the latest development in the saga of Michael Jordan's former Highland Park home.

Plus: As Bears eye Arlington Heights, a Soldier Field-area megaproject resurfaces; UChicago, U of I and Northwestern rally top tech schools to plant startup flag in San Francisco; West Loop apartments trade for $66 million as market headwinds persist; and Italian conglomerate buying offices near Fulton Market.

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How the Obama Center is already changing its environs

fsennett@crain.com (Frank Sennett) — Tue, 10 Mar 2026 22:56:54 +0000

As the Obama Center nears its opening this summer, signs of a changing neighborhood are emerging around it. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: Banks take fight over Illinois credit card swipe-fee law to appeals court; biotherapy maker CSL plans $1.5 billion expansion near Kankakee; small cities are a big part of the O’Hare expansion that alarmed the FAA; and Ford’s CEO gifts Pope Leo an Explorer — built in Chicago by one of his former students.

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Nursing faces a demographic cliff

fsennett@crain.com (Frank Sennett) — Tue, 10 Mar 2026 15:12:44 +0000

Nursing schools are racing to stave off a looming workforce crisis. Meanwhile, the Illinois attorney general joined pushback from states and nurses against changes to federal student loans. Crain’s contributing reporter Jon Asplund joins host Amy Guth to talk the latest from teh health care beat.

Plus: Trump defends law firm exec orders in revived Jenner appeal, Obama Presidential Center sets June opening celebration, Saks Fifth Avenue leaving the Mag Mile and Sens. Durbin and Duckworth tell FAA O’Hare needs more air traffic controllers.

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Chicago's $14 billion stadium question

fsennett@crain.com (Frank Sennett) — Fri, 6 Mar 2026 23:03:01 +0000

With Chicago facing a turning point on public funds for stadiums, Chicago Fire FC broke ground on its new, privately funded South Loop stadium. Crain’s reporter Danny Ecker discusses with host Amy Guth.

Plus: Illinois joins states suing Trump over new tariffs, developers pay $20 million for Clybourn Corridor retail center to gain air rights for high-rise, Capital One cutting over 1,100 jobs in latest layoffs related to Discover deal and World Business Chicago kicks off competition for city’s next big idea.

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Anxiety over housing affordability deepens

fsennett@crain.com (Frank Sennett) — Wed, 4 Mar 2026 23:38:37 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth top talk news from the local market, including a new poll that found housing costs now top crime as Chicago voters’ biggest concern.

Plus: American blames United’s "reckless scheduling" for O’Hare woes, CME and Cboe shares rallied to record high as volumes surge on Iran war, Oak Brook retail center sold for $44 million and Chicago Fire FC breaks ground on new South Loop stadium.

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The haves and have nots of work lunch

fsennett@crain.com (Frank Sennett) — Tue, 3 Mar 2026 22:29:48 +0000

Crain’s commercial real estate reporter Rachel Herzog talks with host Amy Guth about the Loop’s uneven recovery creating a tale of two work lunches.

Plus: Chicago on shortlist for 2028 Democratic National Convention, Trump administration drops fight over executive order targeting Jenner & Block, logistics firm RJW adds to spree of suburban warehouse leasing deals and quantum firms set up across Chicago ahead of South Works campus.

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Blame game over Chicago's credit downgrade

fsennett@crain.com (Frank Sennett) — Mon, 2 Mar 2026 23:03:15 +0000

Mayor Brandon Johnson and City Council members are pointing fingers over Chicago's latest credit downgrades. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: FAA targets O’Hare flight growth as airline feud heats up; Blackhawks unveil ice center addition as 1901 Project nears spring start; Northwestern Memorial, Rush, UChicago hospitals ranked among best in the world by Newsweek; and Cook County Health and City Colleges to train 1,000 health care workers with $5 million from Pritzker Traubert Foundation.

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Chicago's coming transit revamp

fsennett@crain.com (Frank Sennett) — Fri, 27 Feb 2026 23:36:06 +0000

As regional transit is preparing for its historic overhaul, it stands to potentially reinvent how people get around the area. Crain's reporter John Pletz discusses the public transportation overhaul with host Amy Guth.

Plus: Springfield inches toward a Bears deal as Indiana governor signs stadium bill into law, Mayor Johnson and City Council trade blame as Chicago’s credit is downgraded, Schaumburg reportedly settles Motorola TIF fight over remote work and distress specialist nears deal for Citadel’s former Loop HQ.

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Chicago-area home sales dip to new lows

fsennett@crain.com (Frank Sennett) — Wed, 25 Feb 2026 23:58:48 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including how Chicago home prices flattened out as sales plunged in January.

Plus: After weeks of tension, Pritzker strikes more upbeat tone on Bears tax talks; AbbVie investing $380 million on two new plants in North Chicago, adding 300 workers; Rivian doubles down on Illinois for mass-market R2; and Chicago Fed's Goolsbee says tariff ruling could help cool inflation.

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Two Chicago giants hit the reset button

fsennett@crain.com (Frank Sennett) — Tue, 24 Feb 2026 23:18:36 +0000

Crain's reporter Ally Marotti talks with host Amy Guth about the playbooks of the CEOs behind Ulta Beauty and Kraft Heinz.

Plus: Uber is acquiring parking app SpotHero, Trump funding cuts and threats to Illinois reach $61.5 billion and counting, Abbott lines up one of the year's biggest bond sales at $20 billion and government still dominates as largest employer in Chicago for 2026.

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Lakeview getting more rental stock

fsennett@crain.com (Frank Sennett) — Mon, 23 Feb 2026 22:18:14 +0000

Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to talk the latest in apartments and retail news, including 300 new apartments coming to Lakeview and a pickleball company buying a West Loop ice rink.

Plus: After Indiana gambit, Bears signal progress in Illinois; Wells Fargo cuts jobs, closes Rosemont office following $4.2 billion sale of rail business; data-center development could stall under new Illinois move; and potential strike at BP refinery is a test of labor leverage in a changing economy.

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The Bears stadium saga's new chapter

fsennett@crain.com (Frank Sennett) — Fri, 20 Feb 2026 22:39:49 +0000

Crain’s reporter Justin Laurence talks with host Amy Guth about the ongoing Bears stadium saga.

Plus: Walgreens cuts hundreds of jobs after private equity buyout, Fulton Market high-rise plan moves ahead despite zoning objection, CME Group moves closer to 24/7 crypto derivatives trading and Northwestern Medicine takes AI accelerator program to Europe.

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Chicago's home affordability shrinks

fsennett@crain.com (Frank Sennett) — Wed, 18 Feb 2026 23:35:12 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including how housing affordability is improving in many big cities — but not Chicago.

Plus: The state’s EV push meets market reality, Hyatt exposed to Epstein scandal despite Tom Pritzker’s exit, Illinois erases $1.1 billion in medical debt for residents and Ikea to open third store in Chicago area.

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The life and legacy of Rev. Jesse Jackson

fsennett@crain.com (Frank Sennett) — Wed, 18 Feb 2026 00:22:04 +0000

Crain’s Steven Strahler joins host Amy Guth to reflect on the local and global impact of the Rev. Jesse Jackson after his passing.

Plus: Crain’s contributor Jon Asplund talks with host Amy Guth about Baxter and federal funding cut impacts in health care sector, Tom Pritzker quits exec chairman role at Hyatt, citing Epstein ties, Mayor Johnson vetoes intoxicating hemp ban, law firm Loeb & Loeb eyes expansion and move to Loop tower and Illinois swipe fee ruling marks rare win for retailers — but fight is far from over.

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02/13/26: Dramatic reversal in care for Chicago's homeless population

fsennett@crain.com (Frank Sennett) — Fri, 13 Feb 2026 23:50:45 +0000

Under the Trump administration, the Department of Housing & Urban Development has hardened the policies behind a program meant to shelter the city’s unhoused population. Crain’s contributor Judith Crown discusses with host Amy Guth.

Plus: Chicago to sell $1 billion in debt from unpaid fees despite uncertain buyers; investors trade sports, Oscars and the price of gold as prediction markets take off; Rivian warns losses will persist ahead of next-generation EV debut and Springfield reignites fight over who pays for Illinois' data center boom.

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02/12/26: Chicago's model citizen calls it quits

fsennett@crain.com (Frank Sennett) — Wed, 11 Feb 2026 22:28:18 +0000

After three decades building Chicago's miniature skyline, a Chicago model-maker is closing up shop. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about that and other news from the local housing market.

Plus: New Kraft Heinz CEO pauses split to first improve results, apartment tower near Millennium Park trades for $126 million, Dolton claims Fifth Third Bank let disgraced mayor steal $1.9 million and Amazon drone delivery coming to south suburbs.

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02/11/26: American brings O'Hare feud to the lounge

fsennett@crain.com (Frank Sennett) — Tue, 10 Feb 2026 23:49:53 +0000

Amid an ongoing airline battle, American plans to upgrade its O'Hare lounge in the fight for premium flyers. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Citing fewer jobs and fewer people, Moody's sees Illinois slipping; owners of large Mag Mile retail building get $75 million refinancing; bankrupt First Brands cutting nearly 400 jobs in McHenry; and River North hotel owner hit with $57 million foreclosure lawsuit.

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02/10/26: High-rise plan could open Fulton Market to skyscrapers

fsennett@crain.com (Frank Sennett) — Mon, 9 Feb 2026 23:09:14 +0000

A Fulton Market proposal has the potential to reshape downtown development. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Judge blocks Trump move to freeze $10 billion in aid to blue-state families, American Airlines CEO faces union no-confidence vote amid O'Hare battle with United, River North hotel owner hit with $57 million foreclosure lawsuit and the city to award what it calls the biggest U.S. airport concessions deal ever.

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02/06/26: Chicago's vinyl bar wave

fsennett@crain.com (Frank Sennett) — Fri, 6 Feb 2026 22:59:41 +0000

Vinyl-focused listening bars are having a moment in Chicago. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Pritzker puts a price tag on federal cuts looming over Illinois budget, Shore Capital raises $400M for second industrial fund amid rapid growth, U of I buying Wacker Drive office building for Discovery Partners Institute, Northwestern study shows heart attack risk starts accelerating at age 35 for men and United moves to buy 2 O'Hare gates from Spirit.

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02/05/26: The priciest home sales of 2025

fsennett@crain.com (Frank Sennett) — Wed, 4 Feb 2026 23:12:10 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including a look at Chicago's 50 highest-priced home sales of 2025.

Plus: Plan for 28-story apartment tower adds to growing number of high-rises in Lincoln Park, Chicago-area retail sales rose amid tariff threats, Ariel closes $250 million fund for women’s sports investments and Trump's National Guard deployments costing $93 million a month.

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02/04/26: Johnson's move to investigate alleged ICE abuse

fsennett@crain.com (Frank Sennett) — Tue, 3 Feb 2026 23:27:24 +0000

Mayor Brandon Johnson issued an executive order directing police to investigate alleged crimes by federal agents. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Gov. Pritzker draws a line on pensions ahead of tight budget, Chicago's Metropolitan Capital shut down in first U.S. bank failure of 2026, Old Post Office owner buys massive Loop office building and the city kicks off plans for 95th Street redevelopment project.

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02/03/26: What's at stake for Illinois safety-net hospitals

fsennett@crain.com (Frank Sennett) — Mon, 2 Feb 2026 19:16:40 +0000

Safety-net hospitals are grappling with a future without a critical lifeline as some hospitals in rural parts of the state confront possible service cuts and closures. Crain’s contributor Judith Crown discusses the latest with host Amy Guth.

Plus: Mayor Johnson directs CPD to investigate alleged crimes by federal agents, a local hospitality firm buys a distressed hotel next to the Mag Mile, Monroe Street Partners sells American Roadway after less than two years and a developer buys Trinity International campus for $20 million to create a youth sports complex.

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01/30/26: Signs of retail recovery in the Loop

fsennett@crain.com (Frank Sennett) — Fri, 30 Jan 2026 23:25:07 +0000

Retail vacancy in the Loop has dropped for the second year in a row. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.
Plus: Illinois job market loses momentum after year-end slide, billionaire Wacker Drive landlord explores sale in test of Chicago office market, immigration decline slows Illinois population growth to a trickle and United Center becomes first major U.S. arena to sell THC drinks.

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01/29/26: Latin School bails on historic homes

fsennett@crain.com (Frank Sennett) — Thu, 29 Jan 2026 00:01:48 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including the Latin School of Chicago selling a row of residential buildings it purchased in 2022.

Plus: Trump factor looms as Johnson questions Chicago's shot at 2028 DNC, CME bets on struggling White Sox with new jersey sponsorship deal, ADM to pay $40 million to settle SEC accounting fraud probe, Deere to build Indiana distribution center in stateside production shift and Amazon is closing its Fresh grocery and Go convenience stores.

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01/28/26: United, American lock horns at O'Hare

fsennett@crain.com (Frank Sennett) — Wed, 28 Jan 2026 00:29:28 +0000

Chicago-based United Airlines and rival American Airlines are engaged in an increasingly fierce battle at O’Hare airport. Crain's reporter John Pletz discusses with host Amy Guth.

Plus: Chicago-area warehouse vacancy ended 2025 near historic low, Illinois says Coinbase sports contracts are bets and not financial instruments, pediatricians buck CDC's childhood vaccine schedule overhaul and AMA warns ICE activity at hospitals fuels fear and deters care.

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01/27/26: Keep an eye on these new restaurants

fsennett@crain.com (Frank Sennett) — Mon, 26 Jan 2026 23:03:21 +0000

From Mexican bagels to an Italian steakhouse and a “hidden” Paris-inspired bar, Crain's restaurants reporter Ally Marotti talks with host Amy Guth about a handful of new spots around Chicago.

Plus: Chicago bids to host 2028 and 2032 Democratic National Conventions, CTA leader hopes to get Red Line project dispute resolved soon, local insurance startup focused on high-risk markets expands into auto and a California firm pays $31 million for Bronzeville shopping center.

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01/23/26: Chicago's airport sponsorship experiment

fsennett@crain.com (Frank Sennett) — Fri, 23 Jan 2026 23:15:51 +0000

The city is considering selling sponsorships or naming rights at its airports. Crain’s reporter John Pletz talks with host Amy Guth about the Department of Aviation’s move to gauge interest in the idea.

Plus: Empty suburban office space ended 2025 at new record high, Illinois targeted in Trump review of federal funds to Democratic states, American signals it's not backing down in O'Hare grudge match with United and a new report finds indie music venues drive $2.8 billion to Chicago's economy.

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01/22/26: Illegitimate listing pops up for Frank Lloyd Wright house

fsennett@crain.com (Frank Sennett) — Wed, 21 Jan 2026 23:12:16 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including about a Frank Lloyd Wright house listed for sale that actually isn't on the market after all.

Plus: ComEd plans to invest over $15 billion in grid upgrades; Berkshire Hathaway weighs selling Kraft Heinz shares; a logistics company expands HQ and eyes hiring run with move to River North; and Transwestern moving Chicago office to Wacker Drive tower.

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01/21/26: Johnson shelves costly parking meter buyback

fsennett@crain.com (Frank Sennett) — Tue, 20 Jan 2026 23:48:40 +0000

Mayor Brandon Johnson has walked away from a $3 billion-plus plan to undo the city's parking meter deal. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Cardinal Cupich joins rare rebuke of U.S. foreign policy, Chicago-based Protein Bar acquired by the company that owns Dos Toros and Chopt, River North office building teed up for residential conversion and a report finds Illinois wage gap persists despite transparency efforts.

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01/16/26: Financial pros split on 2026 forecasts

fsennett@crain.com (Frank Sennett) — Fri, 16 Jan 2026 22:18:22 +0000

Crain's finance reporter Mark Weinraub talks with host Amy Guth about Chicago experts' stock market and economic predictions for the year.

Plus: Bally's seeks more time for Chicago casino construction, Mag Mile tower sold in priciest office deal since 2022, Edgewater residents sue city over Broadway corridor rezoning and Time Out Market is closing its Fulton Market food hall.

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01/15/26: Hope, and risk, for housing market recovery in 2026

fsennett@crain.com (Frank Sennett) — Wed, 14 Jan 2026 23:58:58 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a Realtors group economist expecting better affordability in 2026 — but not without some caveats.

Plus: Stock market experts in Chicago predict boom or bust for 2026, Pritzker keeps door open to Bears as Indiana stadium threat heats up, Morningstar investment chief leaves to start new firm and a rare Michael Jordan rookie card to be auctioned off.

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01/14/26: Illinois' cannabis equity pledge falls flat

fsennett@crain.com (Frank Sennett) — Tue, 13 Jan 2026 23:36:07 +0000

Illinois said it was all in on cannabis equity. Crain’s reporter John Schroyer talks with host Amy Guth about where it stands on that promise.

Plus: Illinois and Chicago seek court order to halt "militarized" immigration enforcement tactics, AbbVie pledges $100 billion U.S. investment to avoid tariffs, longtime Loop Alliance CEO to step down and Chicago's largest farmers market organizer bought a permanent brick-and-mortar home.

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01/13/26: Michelin's growing footprint brings risk for restaurants

fsennett@crain.com (Frank Sennett) — Mon, 12 Jan 2026 23:49:04 +0000

Michelin's expansion of its restaurant coverage areas could be testing trust in its stars. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Illinois hospitals now on the clock to report policies on dealing with law enforcement, former ComEd CEO Anne Pramaggiore to report to prison, Amazon plans Walmart-style big box store in Orland Park, Chicago Tribune sues Perplexity AI as copyright war rages on and a trial date set for Maple & Ash case as more investors try to join lawsuit.

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01/09/26: What's causing Chicago's crime decline?

fsennett@crain.com (Frank Sennett) — Fri, 9 Jan 2026 22:35:36 +0000

Chicago closed out 2025 with a 10-year low in violent crime. But the reason why isn't simple or straightforward. Crain’s contributor Steve Hendershot discusses with host Amy Guth.

Plus: Judge narrows scope of lawsuit over Walgreens' rosy VillageMD claims, Texas ends ABA role in law school approvals as other states may follow suit, Barnes & Noble's expansion rolls on including on State Street and Michelin's expansion of its restaurant guides is testing trust in its stars.

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01/08/26: Banner year for high-end homes

fsennett@crain.com (Frank Sennett) — Wed, 7 Jan 2026 22:33:28 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a recap of a blowout year for Chicago mansions.

Plus: ComEd demands guarantees from data centers and wins, Mayor Johnson's CFO Jaworski leaves City Hall after bruising budget battle, Mondelez to launch creative review for Oreo as new marketing leader steps in and Brookfield's retail division has a new name — its old one.

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01/07/26: Chicago steakhouses shatter the classic mold

fsennett@crain.com (Frank Sennett) — Tue, 6 Jan 2026 23:31:49 +0000

The city's steakhouse scene is undergoing a cultural revolution. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Sterling Bay unloads more property near Lincoln Yards; Peoples Gas seeks another rate hike for Chicago heating bills; Rush expands reach with Amazon One Medical partnership; and Midway slips as O'Hare soars, but Southwest plans a rebound.

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01/06/25: Crypto race intensifies in Chicago

fsennett@crain.com (Frank Sennett) — Mon, 5 Jan 2026 23:31:36 +0000

Crain’s finance reporter Mark Weinraub joins host Amy Guth to review cryptocurrency moves in 2025 and likely themes in the year ahead, including bank and institutional adoption of digital currencies and growth among retail trading customers.

Plus: Trump's Venezuela move sparks sharp divide among area pols, online sports betting lives on in Chicago as tax lawsuit moves ahead, Lakeview apartment tower trades for $57 million and McCormick & Schmick's closes in the Loop.

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12/24/25: Big aviation news to watch in 2026, including O'Hare's revamp

fsennett@crain.com (Frank Sennett) — Tue, 23 Dec 2025 23:40:35 +0000

Crain’s reporter John Pletz talks with host Amy Guth to review the major aviation industry stories of 2025 and those that are likely to be big themes in the year ahead, including the O’Hare renovation project and tech improvements.

Plus: Mayor Johnson blinks on budget veto and pivots to executive orders, investors tee up $455 million deal for Chicago-area apartment portfolio, Beat Kitchen sues Chicago over Riverwalk contract and Chicago hotels want to tax themselves to supercharge city tourism.

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12/23/25: What shaped health care in 2025 — and what’s ahead

fsennett@crain.com (Frank Sennett) — Mon, 22 Dec 2025 23:49:55 +0000

Crain’s health care reporter Jon Asplund talks with host Amy Guth to review major health care stories of 2025 and those that could be big themes in the year ahead, including changes to Walgreens and Medline, access to research funding and care, and the evolving role of AI in health care and the role of the state.

Plus: The City Council 2026 budget passed over Mayor Johnson's objections; feds say CTA security plan isn't good enough; apartment investor pays $135 million for West Loop tower; and Pritzker Traubert Foundation names new winner of $10 million Chicago Prize.

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12/19/25: Chicago's 2026 budget draft, piece by piece

fsennett@crain.com (Frank Sennett) — Fri, 19 Dec 2025 21:59:18 +0000

Crain's politics reporter Justin Laurence joins host Amy Guth to break down elements of the 2026 Chicago budget disputed in City Hall.

Plus: Friends of the Parks wants a $50 million cut of the South Works quantum revamp, Baker Tilly enters South Florida market with deal for Berkowitz Pollack Brant, MetraMarket retail space up for sale and Lake Forest MBA program to shutter in June due to declining enrollment.

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12/18/25: Plan B for Michael's Jordan's old mansion

fsennett@crain.com (Frank Sennett) — Wed, 17 Dec 2025 23:55:59 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest local market news, including the owner of Michael Jordan's former home pitching a new plan for the estate.

Plus: JPMorgan Chase to open Mag Mile flagship catering to affluent clients, Illinois among states suing Trump over $100,000 H-1B visa fee, Winston & Strawn creates new transatlantic law firm with Taylor Wessing merger and report warns northern Illinois just a few years away from electricity shortage.

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12/17/25: Illinois flexes with ACA enrollment deadline

fsennett@crain.com (Frank Sennett) — Tue, 16 Dec 2025 23:21:46 +0000

Illinois' marketplace has extended its health insurance enrollment deadline for plans starting Jan. 1. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: Chicago dealmaking primed for 2026 uptick as tariff woes ease, Kraft Heinz replaces CEO ahead of split into two public companies, law firm beefs up Wacker Drive office space, DePaul University cuts more than 100 jobs and Portillo's plans to open in the Loop.

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12/16/25: What's next for commercial real estate in Chicago?

fsennett@crain.com (Frank Sennett) — Mon, 15 Dec 2025 23:41:07 +0000

Crain's commercial real estate reporters Rachel Herzog and Danny Ecker talk with host Amy Guth about the themes that have defined 2025 — including economic uncertainty, office distress, stadium developments and the challenges facing the apartment market — as well as looking ahead to 2026.

Plus: CME adds new crypto futures contracts in push for more retail traders, McKinsey plans thousands of job cuts in consulting industry slowdown, Byline Bank plans stock repurchase as shares hit 12-month high and a food pantry network gets $5 million from a new kind of Endeavor award.

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12/12/25: The forces behind your next meal

fsennett@crain.com (Frank Sennett) — Sat, 13 Dec 2025 00:19:29 +0000

Crain's reporter Ally Marotti joins host Amy Guth to reflect on trends and themes in the food and beverage industry throughout 2025, including rising costs and shifts in consumer behavior, and what's in store for the year ahead.

Plus: New study says Cook County property tax incentives need a refresh, Pritzker signs controversial "medical aid in dying" bill into law, Enova inks $369 million deal to transform from online lender to bank holding company and philanthropists give $11 million for Lurie Children's rare genetic disease program.

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12/11/25: Rivian elbows into Edens dealership row

fsennett@crain.com (Frank Sennett) — Wed, 10 Dec 2025 21:59:40 +0000

Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss recent retail news, including Rivian’s planned dealership in Northbrook, Culver’s coming to the South Loop and Stratford Square Mall’s revamp.

Plus: Judge rules Cook County's tax sale system unconstitutional, holiday spending slowdown squeezes smaller Chicago shops, American Airlines is picking up more O'Hare gates from Spirit and details emerge about the Gibson’s spot opening in Fulton Market.

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12/10/25: Hospital CEOs sound the alarm

fsennett@crain.com (Frank Sennett) — Tue, 9 Dec 2025 23:17:03 +0000

At a recent Crain’s event, hospital CEOs warned of fraying health care safety nets in the year ahead. Crain’s health care reporter Jon Asplund talks with host Amy Guth about where local health care leaders say they are planning their focus in the year ahead.

Plus: Feds warn CTA to boost policing or lose transit funding, Mars wins unconditional EU nod for $36B Kellanova deal, United Airlines CEO Kirby nets nearly $13M in first big stock sale and GE HealthCare touts slate of new tech plus collaboration with Mayo Clinic.

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12/09/25: What steep discount on State Street retail property signals

fsennett@crain.com (Frank Sennett) — Mon, 8 Dec 2025 19:10:28 +0000

Another State Street retail property sells at a big discount. Crain’s reporter Rachel Herzog discusses the Loop retail corridor with host Amy Guth.

Plus: Blue Cross parent CEO got a hefty raise in 2024 despite 54% income drop; CME data center outage caused by human error, Cyrus One says; Morningstar to revamp analysis of mutual funds; and Smith family of Northern Trust and ITW gives record-breaking donation to Rush cancer center.

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12/05/25: Another shot for controversial Glenview plan

fsennett@crain.com (Frank Sennett) — Fri, 5 Dec 2025 21:41:21 +0000

A local developer is reviving and expanding an office-to-warehouses plan in Glenview that fell apart amid opposition from residents. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Mayor Johnson pours cold water on council bloc's alternative budget plan, New York investor buys Orland Park shopping center, Ulta Beauty raises outlook as demand for cosmetics remains robust and Foxtrot is reopening its old Loop location.

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12/04/25: No relief for Chicago homebuyers

fsennett@crain.com (Frank Sennett) — Wed, 3 Dec 2025 23:53:28 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including the region's shrinking home affordability at every tier.

Plus: Breakaway aldermen offer counter-budget that kills head tax, developer seeks $47 million tax break for Loop office-to-residential project, Streeterville high-rise sale marks priciest local apartment deal since 2023 and Medline to weigh marketing $5 billion IPO.

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12/03/25: Outage uncovers shortcomings in CME system

fsennett@crain.com (Frank Sennett) — Tue, 2 Dec 2025 23:27:00 +0000

CME Group's recent Aurora data center outage exposed a flaw in the exchange operator’s disaster recovery plan. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: City asks airlines to rethink terminal construction plans as O'Hare traffic rises, Goldman Sachs to pay $2 billion for ETF issuer Innovator Capital, NU's ex-football coach Pat Fitzgerald hired by Michigan State and a new report says Trump cuts could shrink Illinois economy by $10 billion.

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12/02/25: A blow to Chicago's craft brewing scene

fsennett@crain.com (Frank Sennett) — Mon, 1 Dec 2025 22:26:45 +0000

The Siebel Institute, the country’s oldest brewing school, is leaving Chicago for Montreal. Crain's restaurants reporter Ally Marotti talks with host Amy Guth about why that matters for Chicago and the local craft beer industry.

Plus: CME outage puts PE-owned Aurora data center under scrutiny, Northwestern joins Columbia in reaching deal with Trump team, Deere's disappointing outlook shows farm recovery is elusive and state cannabis taxes slipping as prices continue to fall.

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11/27/25: Tale of two housing markets

fsennett@crain.com (Frank Sennett) — Wed, 26 Nov 2025 21:44:37 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the dual markets in the Chicago area, with one soaring as the other stays flat.

Plus: CTU to turn over financial audits to congressional committee, Medicare negotiates discounts on two AbbVie drugs, Thoma Bravo's Realpage settles DOJ rental collusion case and Abbott to replace glucose monitors after deaths possibly linked to false readings.

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11/26/25: Wine country business trips by chopper

fsennett@crain.com (Frank Sennett) — Tue, 25 Nov 2025 22:07:08 +0000

Wining and dining has taken on new meaning as Chicago execs are now helicoptering clients to Michigan wine country. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Argonne joins the AI arms race with allies Nvidia and Oracle, Amazon plans $15 billion data center buildout in northwest Indiana, USG shrinks downtown office footprint with lease renewal and Cameo wins restraining order against OpenAI in trademark lawsuit.

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11/25/25: Breaking down Chicago’s movers and shakers

fsennett@crain.com (Frank Sennett) — Mon, 24 Nov 2025 21:32:01 +0000

Crain’s Who's Who list highlights people driving decisions, setting agendas and leading change across the Chicago area. Data editor Lyss Welding talks with host Amy Guth about the guide to the most influential figures shaping the region.

Plus: CTU faces federal scrutiny over missing financial audits, a West Loop office tenant set to buy building from its landlord, One East Delaware sells in one of the year's priciest apartment deals and nursing schools sound alarm as feds restrict student loan access.

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11/21/25: O'Hare's long rebound hits milestone

fsennett@crain.com (Frank Sennett) — Fri, 21 Nov 2025 23:34:07 +0000

O'Hare air traffic has finally topped pre-pandemic levels and appears on track to break a record this year. Crain’s aviation reporter John Pletz discusses with host Amy Guth.

Plus: One of downtown's biggest distressed loans goes up for sale, Chicago Fed's Goolsbee says he's uneasy about "front loading" rate cuts, GE HealthCare to buy Intelerad for $2.3 billion in cash and feds accuse Chicago crypto firm and its CEO of laundering $10 million.

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11/20/25: 18 years, $10.5M in price cuts for Barrington mansion

fsennett@crain.com (Frank Sennett) — Wed, 19 Nov 2025 23:34:07 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a Barrington mansion unsold and unoccupied for 18 years.

Plus: Local firm pays $44 million for Deerfield shopping center, United pulls $248 million junk muni deals for Houston airport, Northwestern names new Kellogg center after largest-ever donation to biz school and allegations of secret diamond deals push Gold Coast jeweler's parent into bankruptcy.

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11/19/25: Johnson's head tax revival dealt setback

fsennett@crain.com (Frank Sennett) — Tue, 18 Nov 2025 22:43:23 +0000

The city Finance Committee voted down Mayor Johnson's revenue plan, dealing a significant blow to his 2026 budget. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Hines eyes Boeing's West Loop tower after scuttled Sterling Bay deal, Big Ten's $2.4 billion deal talks extended after pushback, FTC drops fight for injunction blocking GTCR's Surmodics deal and a study finds NIH grant cuts leave hundreds of clinical trials, 74,000 patients in limbo.

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11/18/25: Homeowners paying for downtown Chicago's woes

fsennett@crain.com (Frank Sennett) — Mon, 17 Nov 2025 23:42:49 +0000

Chicago homeowners have been hit with the steepest property tax bill hike in at least 30 years. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about contributing factors.

Plus: Chicago trading floor gets second act powering AI-led future, downtown Chicago apartment rents jump again amid supply crunch, crypto firm's Burling Bank bid ready for state ruling and U of I bids out the next two buildings at quantum park.

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11/14/25: A 'gut punch' to intoxicating hemp biz

fsennett@crain.com (Frank Sennett) — Fri, 14 Nov 2025 23:09:15 +0000

Tucked inside the massive bill to end the government shutdown, a ban on hemp-derived THC products. Crain’s cannabis reporter John Schroyer discusses the fallout from the ban with host Amy Guth.

Plus: Johnson unveils amended budget to a skeptical City Council, AbbVie reportedly exits $1.5 billion longevity drug deal with Calico, big Chicago systems win out as three hospitals slide to F grades in Leapfrog report and Michelin just stripped Alinea of its three-star status.

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11/13/25: Record year for Chicago's high-end homes

fsennett@crain.com (Frank Sennett) — Wed, 12 Nov 2025 23:48:13 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including luxury home sales breaking an annual record with weeks still to go in 2025.

Plus: Walgreens lists massive Old Post Office space for sublease, BDO claims it was impossible to detect alleged fraud at First Brands, owner of former Rainforest Cafe building facing foreclosure suit and Chicago lands another quantum computer maker.

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11/12/25: Apartments market rides rising rent

fsennett@crain.com (Frank Sennett) — Tue, 11 Nov 2025 21:38:04 +0000

Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss the latest deals around Chicago's rental market and supply's impact on rents.

Plus: Walgreens cuts pay for store workers after $10 billion buyout, Zurich moving downtown office to Willis Tower, Volkswagen defies dealership protests with plan to begin Illinois warranty fees and FAA curbs private jet use at O'Hare amid air capacity crunch.

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11/11/25: Anxiety about immigration raids takes its toll

fsennett@crain.com (Frank Sennett) — Mon, 10 Nov 2025 23:16:18 +0000

Advocates say anxiety around ICE raids is taking toll on Chicago's mental health resources. Crain’s health care reporter Jon Asplund discusses with host Amy Guth.

Plus: Private-label giant TreeHouse Foods acquired in $2.9 billion deal, Illinois awaits word on $1 billion in Big Beautiful Bill cash for rural hospitals, Sterling Bay's Lincoln Park life sciences building selling for medical office conversion and PNC opening 25 new Chicago locations as part of $2 billion branch expansion.

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11/7/25: Chicago chain taps into protein craze

fsennett@crain.com (Frank Sennett) — Fri, 7 Nov 2025 22:43:28 +0000

Chicago fast-casual chain Protein Bar is cashing in in on America's protein obsession. Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the chain’s growth strategy and diner demands.

Plus: Allstate profit more than triples in the third quarter, World Business Chicago reboots economic development strategy, Johnson defends budget plan despite warning of credit downgrade and electrical equipment maker lays off 185 in shift from Illinois to Indiana.

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11/6/25: 17,000 Cook County homebuyers share tax hindrance

fsennett@crain.com (Frank Sennett) — Wed, 5 Nov 2025 23:28:36 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest from the local housing market, including Cook County tax bill delays causing homebuyer headaches.

Plus: The suite of health care bills passed by Illinois lawmakers, AAR inks big office lease at Merchandise Mart, GoHealth plans to cut nearly 500 more jobs and former Mayor Daley creates merchant bank with son and longtime associate.

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11/5/25: Cboe resets its sights for growth

fsennett@crain.com (Frank Sennett) — Tue, 4 Nov 2025 22:25:12 +0000

Cboe is restructuring to capitalize on surging U.S. options trading and has tapped an industry veteran to lead its new retail trading segment. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: City Council calls special meeting to grill Ernst & Young over budget audit, quantum park developers seek IEPA sign-off to begin work, Chicago Fed's Goolsbee more worried by inflation than job market and Manny's Deli steps in to support SNAP recipients amid federal shutdown.

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11/4/25: Chicago's uneven development landscape

fsennett@crain.com (Frank Sennett) — Mon, 3 Nov 2025 21:22:01 +0000

Neighborhood development throughout the city continues to be lopsided. Crain's assistant managing editor Cassandra West joins host Amy Guth to talk about the most recent Forum’s focus on equitable development.

Plus: Chicago school board approves controversial $175 million pension payment to the city, AbbVie raises outlook on strong sales of mainstay drugs, New York firm picks up Niles shopping center for $40 million and Cameo sues OpenAI over trademarked name.

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10/31/25: Late rally saves Chicago transit

fsennett@crain.com (Frank Sennett) — Fri, 31 Oct 2025 22:50:42 +0000

A bailout package for Chicago transit passed in Springfield as the Bears' stadium funding efforts were again shut out. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: 1871 is on the move to Edelman's downtown HQ, Senate OKs energy bill that includes billions for battery storage and nixes nuke ban, Heartland Bank expands in Illinois and Missouri with $170 million CNB buy, and Baxter lowers guidance.

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10/30/25: Chicago's home price bull run slows down

fsennett@crain.com (Frank Sennett) — Wed, 29 Oct 2025 22:47:30 +0000

Crain's residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including Chicago's narrowing lead over U.S. home price growth.

Plus: Fed cuts rates quarter point, sets end to balance-sheet runoff, GE HealthCare takes $100 million hit from tariffs, Kraft Heinz lowers sales outlook as CEO warns of worst consumer sentiment in decades and Mondelez also trims outlook, and a developer gets $94 million construction loan for the first phase of its Motorola campus remake.

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10/29/25: Shutdown fight drives big ACA premiums jump

fsennett@crain.com (Frank Sennett) — Tue, 28 Oct 2025 20:12:47 +0000

Illinois residents will face steep hikes in ACA health insurance premiums next year. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: New York real estate firms raising big bet on Loop offices, American Airlines isn't pulling back in Chicago, Chicago Fire FC moving HQ to Wrigley Building and Trader Joe's coming to Fulton Market.

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10/28/25: Aldi banks on private label rebrand

fsennett@crain.com (Frank Sennett) — Mon, 27 Oct 2025 21:15:53 +0000

Aldi is leaning into its own brand as private label sales surge. Crain's retail reporter Ally Marotti discusses with host Amy Guth.

Plus: Moody's gives Illinois another credit upgrade — its 10th under Pritzker; Bally's could open a sports bar at Midway, but without slot machines; Baker Tilly Germany weighs selling stake to private equity; and a newly built Fulton Market apartments up for sale.

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10/24/25: Big Ten's private equity play disrupted

fsennett@crain.com (Frank Sennett) — Fri, 24 Oct 2025 20:01:42 +0000

The Big Ten's $2 billion proposed private equity deal was dealt a major blow in Michigan. Crain’s education reporter Brandon Dupré discusses with host Amy Guth.

Plus: A Google power deal could clear the way for a $1 billion carbon capture plant in Illinois, Rivian will pay $250 million to settle IPO class-action lawsuit, Aldi leans into its own brand as private labels boom and why eating a burger in Houston is less climate-friendly than in Chicago.

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10/23/25: Chicago-area counties diverge on tax sales

fsennett@crain.com (Frank Sennett) — Wed, 22 Oct 2025 22:15:06 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how Illinois counties are split on handling delinquent tax sales after a Supreme Court rebuke.

Plus: Pritzker pushes back on head tax and Bears breaks — and urges transit action, Aqua tower apartments hit the market, Industrious opening second LaSalle Street co-working space, O'Hare sets record for summer travel and a Michael Jordan rookie card reportedly fetches $2.7 million in record sale.

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10/22/25: The battle over Chicago’s budget

fsennett@crain.com (Frank Sennett) — Tue, 21 Oct 2025 22:45:32 +0000

Mayor Brandon Johnson's $16.6 billion budget revives the head tax and tests the limits of his support in the City Council. Crain’s reporter Justin Laurence discusses with host Amy Guth.

Plus: Cboe looks to extend options hours in overnight trading push, nearly 2 million Illinoisans set to lose SNAP benefits amid congressional stalemate, BDO faces a reputational test after the First Brands bankruptcy, Medline net sales in first half reach $13.5 billion ahead of IPO and Spirit Halloween to open Christmas-themed stores in Illinois this season.

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10/21/25: What's next for the Salt Shed

fsennett@crain.com (Frank Sennett) — Mon, 20 Oct 2025 22:29:15 +0000

Owners of the Salt Shed music venue are eyeing adjacent property for possible expansion. Crain’s commercial real estate reporter Danny Ecker talks about those plans, and other changes happening along the North Branch of the Chicago River, with host Amy Guth.

Plus: Molson Coors cutting 400 salaried jobs amid weak beer demand, Bally's faces lender wrath on debt plan involving Chicago casino, Illinois health insurance marketplace opens amid federal budget stalemate, startup raises $7 million to develop mainstream gut biome test and Portillo's appears to be coming to Wrigleyville.

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10/17/25: New restaurants focus on neighborhood regulars

fsennett@crain.com (Frank Sennett) — Fri, 17 Oct 2025 21:37:49 +0000

Crain's restaurants reporter Ally Marotti joins host Amy Guth to discuss the latest from Chicago's dining scene, including newly open hot spots counting on regulars to keep them afloat and a Logan Square brewery undaunted by the craft beer industry's tough moment.

Plus: Big Ten's $2 billion private equity deal dealt a major blow in Michigan, United Airlines says AI helped eliminate 4% of management jobs, developer gets $24 million construction loan for River North apartments, Verizon downsizes but extends its big Rolling Meadows office lease and a west suburban office landlord hit with $87 million foreclosure lawsuit.

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10/16/25: Winnetka bluff protection challenge dismissed

fsennett@crain.com (Frank Sennett) — Wed, 15 Oct 2025 22:44:02 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk local housing news, including a judge tossing a lawsuit filed by lakefront mansion owners in Winnetka.

Plus: State Farm faces lawsuit from Illinois amid scrutiny over rate increases, state rep attempts to block Bears move to Arlington Heights, Stellantis announces it will make Jeep SUVs again in Belvidere and Chicago billionaire Justin Ishbia raises $850 million for new PE funds.

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10/15/25: Loop office-to-apartments plan faces legal hurdles

fsennett@crain.com (Frank Sennett) — Tue, 14 Oct 2025 22:50:21 +0000

A Loop office tower slated for apartments won landmark approval from a city panel, but legal challenges for the project still loom. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Why vacancy isn’t dropping despite suburban office demand having just closed a big quarter; Johnson expected to revive head tax in 2026 budget plan; CTA plans 10% fare hike, joining Metra in raising rates; River North hotel seized by lender; and Cupich warns Trump's immigration raids erode human dignity.

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10/14/25: Illinois budget forecast darkens

fsennett@crain.com (Frank Sennett) — Mon, 13 Oct 2025 19:52:01 +0000

Illinois says it's already facing a $267 million budget shortfall. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Chicago auditor BDO cuts jobs under pressure from Apollo debt and client's collapse, Metra to increase fares to plug budget gap, cash-strapped CPS taps $200 million from credit line, Magnetar sold $1.9 billion in CoreWeave shares as insiders and investors started cashing in.

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10/10/25: So you think you can trade

fsennett@crain.com (Frank Sennett) — Fri, 10 Oct 2025 21:00:54 +0000

NinjaTrader is dangling $400,000 in prizes in its latest bid to lure retail traders. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: French quantum company bringing American HQ to Chicago, Bally's pushback halts move to legalize video gambling in Chicago, Randhurst Village up for sale and Loop tower wins landmark panel OK as legal challenges loom.

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10/09/25: Illinois counties' tax sale case gets even shakier

fsennett@crain.com (Frank Sennett) — Wed, 8 Oct 2025 21:00:39 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including a judge's decision putting Illinois counties on thin ice with property tax sales.

Plus: Thoma Bravo finalizes $5.5 billion Dayforce loan on high demand, flight delays pile up across U.S. as shutdown persists, UnitedHealthcare's pay cut to nurse anesthetists sparks federal discrimination complaint and a new Fulton Market development site hits the market.

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10/08/25: Plan for downtown transformation unveiled

fsennett@crain.com (Frank Sennett) — Tue, 7 Oct 2025 23:00:33 +0000

Under a new city plan, downtown Chicago could more than double its population in the decades ahead. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: Walgreens shuttering Old Post Office workspace, keeping Deerfield HQ; Illinois in the mix as Stellantis readies $10 billion U.S. reboot; developer pitches mid-rise building in northwest Fulton Market; and Chicago's largest accounting firms buck a national trend as layoffs sweep the industry.

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10/07/25: Breaking down Crain's latest 40 Under 40 class

fsennett@crain.com (Frank Sennett) — Tue, 7 Oct 2025 13:45:00 +0000

Chicago's future is being built by this year's 40 Under 40 honorees. Crain’s assistant managing editor Ann Weiler joins host Amy Guth to talk about this year’s class of honorees shaping markets in finance, law, healthcare, real estate, hospitality, tech and the arts and sciences.

Plus: Johnson vows Chicago will fight to keep $2.1 billion in federal infrastructure grants, Colorado firm nears deal for Mag Mile office tower, Fifth Third to buy Comerica in year's biggest bank deal and airlines go beyond first class to adapt to luxury-seeking flyers.

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10/03/25: Funding uncertainty looms for Chicago transit

fsennett@crain.com (Frank Sennett) — Fri, 3 Oct 2025 21:39:36 +0000

The Trump administration halted $2 billion for Chicago transit just as the RTA reassesses the coming fiscal cliff. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the uncertain future for CTA and Metra service.

Plus: Soaring downtown office vacancy still hasn't peaked, Chicago economy lags as tariffs and high interest rates bite deeper, more food delivery robots are coming to the city and Chicago hotels set summer record, though profits prove elusive.

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10/02/25: Chicago housing market bucks national slowdown

fsennett@crain.com (Frank Sennett) — Wed, 1 Oct 2025 22:57:35 +0000

In Chicago, the housing market is staying hot while the U.S. cools, and FOMO is fueling surge in Lake Geneva luxury market. Crain’s residential real estate reporter Dennis Rodkin discusses with host Amy Guth.

Plus: What the U.S. government shutdown means for Chicago's federal workers, Arlington Heights weighs Bears' stadium economic impact pitch, Chicago Fed's Goolsbee says new tariffs are renewing business uncertainty and West suburban Whole Foods trades for $17 million.

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10/01/25: Illinois defies Trump health care moves

fsennett@crain.com (Frank Sennett) — Tue, 30 Sep 2025 23:09:48 +0000

Illinois announced its own vaccination guidelines, going against the Trump administration, and formed a panel to counter Robert F. Kennedy Jr.'s data collection efforts on people with autism. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: CFO optimism recovers as tariff uncertainty becomes the new normal, South Works site sold as quantum campus beckons, UChicago sells market data unit to Morningstar in $375 million deal and Spirit Airlines furloughs Chicago flight attendants.

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09/30/25: Michelin-starred chefs carve new paths

fsennett@crain.com (Frank Sennett) — Mon, 29 Sep 2025 23:07:17 +0000

Top Chicago chefs are breaking away from the daily restaurant grind, trading fine dining for flexibility. Reporter Ally Marotti discusses with host Amy Guth.

Plus: A whistleblower accuses Loyola hospital of organ transplant fraud, private equity firm eyes move to Salesforce Tower, some Starbucks stores in Chicago are on the chopping block and Metra to test cafe cars with free snacks on select lines.

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09/26/25: Fire's South Loop stadium clears council hurdle

fsennett@crain.com (Frank Sennett) — Fri, 26 Sep 2025 22:48:28 +0000

With approval by the City Council, Chicago Fire FC's plan for a $750 million soccer stadium passed a major milestone. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: American loses bid to stop O'Hare gate shuffle, Pritzker forms panel to counter RFK Jr.'s autism data efforts, City Council OKs coach house legislation with restrictions and Old Post Office owner nearing deal for massive Loop office building.

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09/25/25: More Chicago brokerages join Compass' empire

fsennett@crain.com (Frank Sennett) — Wed, 24 Sep 2025 22:32:40 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including Compass scooping up the 2nd-largest Chicago-area residential brokerage in its latest mega-deal and a $120 million art collection going up for auction at Sotheby’s.

Plus: Pritzker tells agencies to look for 4% budget cuts, CHA reportedly picks team for 7-acre Cabrini-Green project, Museum of Science & Industry workers take step toward strike and Portillo's CEO is out effective immediately.

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09/24/25: Chicago dealmakers outpacing the U.S.

fsennett@crain.com (Frank Sennett) — Tue, 23 Sep 2025 21:57:15 +0000

Dealmaking here is ahead of the curve despite a slower than expected ramp-up. Crain’s finance reporter Mark Weinraub talks about the local M&A landscape with host Amy Guth.

Plus: Capital One cutting nearly 400 jobs in latest layoffs tied to Discover acquisition, gunmaker Glock must face Chicago's lawsuit over gun mods, Algonquin Commons shopping center sold for $100 million after revamp and Illinois joins FTC suit against Ticketmaster and Live Nation over ticket resales.

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09/23/25: Chicago's moment in the culinary spotlight

fsennett@crain.com (Frank Sennett) — Mon, 22 Sep 2025 22:24:18 +0000

The national buzz around Chicago's food brands is colliding with reality. Crain’s restaurants reporter Brandon Dupré discusses with host Amy Guth.

Plus: Thoma Bravo buying software firm PROS for $1.4 billion in latest tech deal, Molson Coors names new CEO in push beyond beer, developer pitches 56-story residential tower for Mag Mile and Chicago dealmaking ahead of the curve despite slower than expected ramp-up.

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09/19/25: A split alone won't fix Kraft Heinz's problems

fsennett@crain.com (Frank Sennett) — Fri, 19 Sep 2025 22:21:44 +0000

With Kraft Heinz's breakup official, Crain's consumer products reporter Ally Marotti talks with host Amy Guth about what’s ahead for the newly formed companies.

Plus: Chicago Fire, Related Midwest win city panel OK for South Loop soccer stadium; AutoNation acquires Fletcher Jones Mercedes and Audi dealerships in Chicago; West Monroe buys California energy consultancy amid growth push; and O'Hare, Midway rise in latest customer satisfaction rankings.

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09/18/25: Buying frenzy for Chicago's top-end homes

fsennett@crain.com (Frank Sennett) — Wed, 17 Sep 2025 22:55:07 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the latest news from the market, including a record year brewing in the upper reaches of Chicago-area housing.

Plus: American squares off in court against city and United over O'Hare gates, measure legalizing video gambling in Chicago advances over Johnson's objection, health care fraud unit notches first indictment with alleged $17.3 million fake claims scheme and Illinois lays new pathway for internationally trained doctors to earn licenses here.

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09/17/25: Chicago budget fixes on the table

fsennett@crain.com (Frank Sennett) — Tue, 16 Sep 2025 22:57:12 +0000

A city task force has floated $2 billion in recommendations to close Chicago's budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: The 50 largest law firms in the Chicago area, Madison Industries mulls $10 billion-plus Filtration Group sale, Chicago Sports Network's founding CEO steps down in leadership transition and Medline expands AI supply chain tool with Northwestern, Providence partnership.

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09/16/25: Downtown apartment owners test waters as rents climb

fsennett@crain.com (Frank Sennett) — Mon, 15 Sep 2025 22:21:43 +0000

Crain’s commercial real estate reporter Rachel Herzog talks with host Amy Guth about the Chicago-area apartment market.

Plus: As Trump steps up Fed attacks, Chicago finance execs weigh in; Tempus gets FDA OK for AI-driven cardiac image analysis; former Mars Wrigley exec pleads guilty to $28 million in fraud charges; and GTCR buys SimpliSafe in deal expanding its home security portfolio.

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09/12/25: A spotlight on the 100 best Chicago workplaces

fsennett@crain.com (Frank Sennett) — Fri, 12 Sep 2025 22:09:47 +0000

Crain’s 2025 list of the best places to work puts the spotlight on 100 Chicago-area companies that are offering workers the benefits, perks and support they need to thrive. Crain’s assistant managing editor for special projects Ann Weiler talks about this year’s list with host Amy Guth.

Plus: Developers line up $96 million in financing for West Loop apartment tower, Rivian recalls more than 24,000 vehicles over highway assist software fix, Merchandise Mart lands new lease with health care consultancy and Cboe leans into crypto in latest bid to woo retail traders.

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09/11/25: Chicago homebuyers getting cold feet

fsennett@crain.com (Frank Sennett) — Wed, 10 Sep 2025 22:25:56 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including jittery homebuyers walking away from their contracts and new data on Fritz Kaegi's property tax assessments.

Plus: PsiQuantum raises $1 billion to help fund Chicago quantum computer, Potbelly to be acquired by convenience store chain in $566 million deal, Supreme Court to weigh Trump tariffs in case tied to Chicago toymakers and Fire South Loop soccer stadium wins alderman's blessing — if Sox stay away.

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09/10/25: Illinois' place in muddy vaccine landscape

fsennett@crain.com (Frank Sennett) — Tue, 9 Sep 2025 21:36:22 +0000

Illinois is considering moving ahead independently on vaccines as longstanding federal immunization expertise is dismantled. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: Bears CEO invokes Super Bowl in latest bid to gain support for move to Arlington Heights, developers sue Loop tower owner over office-to-residential plan, Kin Insurance raises another $50 million for push into high-risk markets and Chicago medtech startup adds mHub and Endeavor Health to $10 million seed round.

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09/09/25: Feds signal Chicago immigration blitz

fsennett@crain.com (Frank Sennett) — Mon, 8 Sep 2025 22:59:34 +0000

The Department of Homeland Security says its Chicago immigration crackdown, which many anticipated for weeks, has begun. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Chicago Fed chief wants inflation data before making rate call, Chicago investor sells Park Forest apartments for $23 million, ex-Mayer Brown attorneys launch Akin Gump's Chicago office and Northwestern first to integrate Tempus' AI assistant into health records system.

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09/05/25: Schill's resignation adds to Northwestern tumult

fsennett@crain.com (Frank Sennett) — Fri, 5 Sep 2025 21:32:41 +0000

Crain’s education reporter Brandon Dupré talks with host Amy Guth about Northwestern University President Michael Schill’s resignation amid blowback from the Trump administration.

Plus: Citadel's former Loop office tower HQ goes up for sale, Madison Dearborn buys NFP wealth businesses back from Aon for $2.7 billion, Chicago e-commerce platforms combine to create $3.5 billion firm and the Vatican picks two Chicagoans to open the first restaurant at the Pope's summer estate.

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09/04/25: Illinois dominates list of safe, wealthy towns

fsennett@crain.com (Frank Sennett) — Wed, 3 Sep 2025 22:12:32 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including a suburb ranked as the safest and wealthiest town in the U.S. for the second year in a row and the rehab of an East Garfield Park mansion aiming to spotlight to city’s West Side.

Plus: Pritzker says Texas Guard is prepping for Chicago posting as Trump vows federal action, Ulta raises sales outlook in signal of consumer strength, Advocate becomes latest health system to halt gender-affirming care for minors and McDonald's CEO says American brands' reputations have "dimmed."

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09/03/25: Walgreens enters private equity fold

fsennett@crain.com (Frank Sennett) — Tue, 2 Sep 2025 22:31:40 +0000

With its purchase and breakup of Walgreens Boots Alliance finalized, Sycamore Partners has installed a new CEO. Crain's contributor Jon Asplund talks with host Amy Guth about the future of the now-private retail pharmacy giant.

Plus: Kraft Heinz to split into two separate public companies, judge rules Trump's L.A. troop deployment violated federal law, Johnson signs order to brace for potential immigration crackdown, downtown apartment rents continue to climb with little being built and Grubhub settles false advertising class action for $7 million.

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08/29/25: Financial pressure builds at UChicago, Northwestern

fsennett@crain.com (Frank Sennett) — Fri, 29 Aug 2025 21:16:31 +0000

The University of Chicago is laying off staff and making budget cuts, while growing legal costs are weighing on Northwestern. Crain’s education reporter Brandon Dupré talks with host Amy Guth about the latest struggles for Chicago's prestige universities.

Plus: With takeover complete, Walgreens' private equity owner installs Staples execs in top jobs, Capital One laying off 215 at former Discover headquarters in Riverwoods, Naperville apartments trade for $136 million in highest-priced suburban sale of 2025 and Chicago Amtrak routes see fastest ridership growth in the nation.

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08/28/25: Major changes coming for Illinois' food system

fsennett@crain.com (Frank Sennett) — Wed, 27 Aug 2025 21:01:00 +0000

A federal shakeup of SNAP will mean more stress on food distribution around Illinois. Crain’s contributor Judith Crown discusses with host Amy Guth.

Plus: UIC medical school under congressional scrutiny in antisemitism probe, Trump team is weighing options to extend influence to Fed banks, U.S. attorney's Chicago office launches health care fraud unit and developer buys Gold Coast site for $39 million.

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08/27/25: More Foundry Park details emerge

fsennett@crain.com (Frank Sennett) — Tue, 26 Aug 2025 20:53:22 +0000

Developers redrawing plans for the northern portion of the former Lincoln Yards site have shared more details on the project. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Thoma Bravo strikes $2 billion software deal as private equity rebounds, DOJ demands all Illinois voter data by Labor Day, local investors buy distressed River North office building and Waterton lists big South Loop apartment complex.

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08/26/25: CME blurs the trading-gambling line

fsennett@crain.com (Frank Sennett) — Mon, 25 Aug 2025 20:07:21 +0000

CME Group is pushing the boundaries of retail trading with its FanDuel venture. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: Trump calls Chicago a "killing field" as report says Pentagon drew up National Guard plan, double-digit rate hikes in store for Illinois ACA plans next year, FTC says GTCR's Surmodics buy would harm medical device market and Chicago business schools lean into AI as job market evolves.

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08/22/25: Storied Chicago restaurant biz enters new era

fsennett@crain.com (Frank Sennett) — Fri, 22 Aug 2025 21:14:27 +0000

Rosebud Restaurant Group is staging a renaissance. Crain's reporter Ally Marotti talks with host Amy Guth about the group's revival and a possible second act for Greektown.

Plus: Trump signals Chicago's next up for D.C.-style National Guard deployment, developers reveal new Foundry Park details at former Lincoln Yards site, Northwestern and fired coach Pat Fitzgerald reach settlement, CME pushes the boundaries of retail trading with FanDuel bet and Navy Pier seeks ideas to revamp eastern end.

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08/21/25: Literary landmark gets a new owner

fsennett@crain.com (Frank Sennett) — Wed, 20 Aug 2025 21:41:24 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss news from the local housing market, including the sales of Ernest Hemingway's newlywed apartment in the Gold Coast and a South Shore home with ties to the Manhattan Project.

Plus: NASCAR will return to Chicagoland Speedway in July 2026, Vernon Hills apartment complex fetches $100 million, priciest suburban sale of 2025; lender seizing distressed hotel in Loop tower set for conversion; and nurses sue Endeavor Health alleging wage theft and dangerous understaffing.

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08/20/25: O'Hare's next big upgrade

fsennett@crain.com (Frank Sennett) — Tue, 19 Aug 2025 22:56:08 +0000

Work is underway on the new $730 million concourse at O’Hare, the first of three major projects remaining that are part of a major upgrade and expansion of the airport’s terminals. Crain’s aviation reporter John Pletz discusses the project with host Amy Guth.

Plus: Sterling Bay puts its only finished Lincoln Yards building up for sale, CPS seeks $1 billion of short-term debt as cash gone, Pritzker Private Capital raises $3.4 billion for latest fund and historic church turned event venue on West Loop's edge is for sale.

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08/19/25: Johnson's zoning board overhaul meets resistance

fsennett@crain.com (Frank Sennett) — Mon, 18 Aug 2025 22:06:06 +0000

Mayor Brandon Johnson's plan to push out the current zoning board chair has sparked independence concerns from City Council. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Work begins on $730 million O'Hare concourse, Pritzker signs toxic-tort bill that biz groups fear will open door to more lawsuits, Chicago developer buys River North loft office building and Bally's falls far short of $250 million casino stock sale target.

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08/15/25: Pot roller coaster goes back up on Trump's remarks

fsennett@crain.com (Frank Sennett) — Fri, 15 Aug 2025 20:12:38 +0000

President Donald Trump has hinted at reviving the pot industry’s rescheduling hopes. Crain’s cannabis reporter John Pletz talks with host Amy Guth about the potential impact on local big players in the cannabis industry.

Plus: South Loop residents weigh in on Chicago Fire stadium plan, Northwestern Memorial plans $96.5 million project to expand and bridge ICUs, Deere plunges as struggling farmers delay machinery rebound and unions rally at Jesse Brown after report shows VA hospitals' worsening staff shortages and a separate report shows physician pay declines despite rising workloads.

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08/14/15: Want to own a World's Fair ticket booth?

fsennett@crain.com (Frank Sennett) — Wed, 13 Aug 2025 21:20:47 +0000

Crain's residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest from the local housing market, including a Frank Lloyd Wright home in the architect's Oak Park epicenter that’s for sale and how Chicago State hopes to make a college town out of 95th Street.

Plus: Gotion to start making EV batteries in Manteno next month, CIBC names new U.S. head amid exec shakeup, AbbVie plans $195 million expansion of North Chicago plant in U.S. production push and lawsuit alleges Lettuce Entertain You staged a "corporate coup."

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08/13/24: A growing retail sector on the Mag Mile

fsennett@crain.com (Frank Sennett) — Tue, 12 Aug 2025 22:54:00 +0000

Two experiential venues are coming to the Mag Mile. Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss a growing trend on North Michigan Avenue.

Plus: Johnson, firefighters reach tentative deal after four-year standoff; Trump trades barbs with Pritzker hinting at a D.C.-style police takeover in Chicago; nearly 6,500 providers reject $2.8 billion Blue Cross antitrust deal; and Northwestern and UChicago both named in price inflation conspiracy lawsuit.

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08/12/25: Ripple effect of DOGE cuts around Chicago

fsennett@crain.com (Frank Sennett) — Mon, 11 Aug 2025 22:48:12 +0000

Federal job and spending cuts around Chicago are expected to lead to a cooler economy, while some still on the job are bracing for more uncertainty. Crain's contributor Judith Crown talks with host Amy Guth about the effects of federal workforce reductions and how the cuts land across race and gender.

Plus: Pritzker won't rule out a presidential run; Bears make changes to board and push Arlington Heights stadium, but Springfield remains an obstacle; ADM expects biofuel mandate to spark profit rebound; and a torrent of bogus papers threatens to drown legit science, Northwestern researchers warn.

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08/08/25: Budget alarms at City Hall

fsennett@crain.com (Frank Sennett) — Fri, 8 Aug 2025 21:08:29 +0000

Mayor Brandon Johnson said city and state finances are at a "point of no return" and imposed hiring limits as his finance team considers a list of politically risky tax moves to plug a $1 billion budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: PepsiCo division leases space at logistics hub on former Allstate campus, Weiss Memorial Hospital closes after getting cut from Medicare and Medicaid, US Foods urges Performance Food to engage in merger talks and Portillo's hits speed bump in Texas expansion.

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08/07/25: Downtown condo market can't shake price slump

fsennett@crain.com (Frank Sennett) — Wed, 6 Aug 2025 22:36:06 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including the bad week downtown Chicago's condo market just had.

Plus: Brandon Johnson says city and state finances are at a "point of no return;" RTA warns fare hikes are coming, one way or another; ADM expects biofuel mandate to spark profit rebound; the Merchandise Mart hits the market as owner Vornado eyes N.Y.-only portfolio; and retailer Claire's files bankruptcy for U.S. operations.

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08/06/25: Mag Mile shows signs of retail recovery

fsennett@crain.com (Frank Sennett) — Tue, 5 Aug 2025 21:58:23 +0000

A rebound is underway for retail on North Michigan Avenue, but slowly and not everywhere. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: S&P warns Chicago that pension cost-hike to pressure budget, Buffett's Berkshire hit with $3.8 billion Kraft Heinz charge, law firm ArentFox Schiff slashing Willis Tower footprint with lease extension and Rivian sues Ohio over direct-sales ban that exempts EV rival Tesla.

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08/05/25: Calls within Northwestern to resist Trump

fsennett@crain.com (Frank Sennett) — Mon, 4 Aug 2025 21:14:52 +0000

Northwestern University faculty members are urging the school's president not to strike a deal with the Trump administration. Crain’s education reporter Brandon Dupré discusses with host Amy Guth.

Plus: Gov. Pritzker signs bill that boosts Chicago police and firefighter pensions, tractor makers warn tariffs will raise machinery prices for farmers worldwide,
Mag Mile's retail rebound slowly begins and AMA decries CDC's move to cut experts out of panels that develop vaccine policy.

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08/01/25: Chicago restaurants under pressure

fsennett@crain.com (Frank Sennett) — Fri, 1 Aug 2025 21:13:53 +0000

The city’s restaurant industry is showing signs of stress. Crain’s Forum editor Cassandra West talks with host Amy Guth about the sector’s many migraines.

Plus: Chicago stands to win — and lose — in the rail industry’s first coast-to-coast merger, AbbVie raises guidance as key drugs and pipeline deals boost growth, Illinois co-leads states’ lawsuit against Trump administration’s transgender care crackdown and M&M’s owner is helping a premium chocolatier crack the U.S. market, starting in Chicago.

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07/31/25: What's fueling Chicago's record-breaking home sales

fsennett@crain.com (Frank Sennett) — Wed, 30 Jul 2025 22:27:12 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss the latest news from the local housing market, including home prices hitting record highs all over the map here in part because of a tight inventory and a lack of new homes, of which Chicago is dead last among major U.S. metros.

Plus: Johnson revives head tax talk as City Hall stares down $1 billion shortfall, Mondelez reiterates guidance as earnings beat estimates, electronic trading firm eyes new West Loop office after foiled lease talks and United Airlines flight attendants reject higher-paying contract.

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07/30/25: This fresh food vendor is taking off

fsennett@crain.com (Frank Sennett) — Tue, 29 Jul 2025 22:42:04 +0000

Farmer's Fridge is keeping its foot on the gas after doubling its locations in recent years. Crain’s reporting intern Laura Turbay discusses the Chicago startup's plans for expansion with host Amy Guth.

Plus: Two Chicago hospitals rank among nation's 20 best in annual report, GTCR buying marketing software firm FMG Suite in private-equity deal, Penny Pritzker warns Trump cuts threaten U.S. in global tech race, watching a Cubs game on Comcast is about to get pricier.

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07/29/25: Political, financial headwinds for new Planned Parenthood of Illinois chief

fsennett@crain.com (Frank Sennett) — Mon, 28 Jul 2025 22:40:45 +0000

Planned Parenthood of Illinois has named a new CEO as financial pressure on the nonprofit provider keeps building. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: Chicago wins dismissal of Trump suit over sanctuary city policy, jury sides with CME in $2.1 billion class action by former pit traders, former Loop W hotel goes up for sale and O'Hare closing in on passenger traffic record after years of recovery.

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07/25/25: Chicago lands a marquee summer event

fsennett@crain.com (Frank Sennett) — Fri, 25 Jul 2025 16:55:41 +0000

Wrigley Field will host the MLB All-Star Game in 2027, marking a return of the Mid-Summer Classic to the North Side after a 37-year absence. Crain’s politics reporter Justin Laurence talks with host Amy Guth about how Chicago is preparing for an event comparable to a major convention.

Plus: Mayor Johnson rules out property tax hike in 2026 budget; NASCAR wants to revive the Chicagoland Speedway; Sterigenics reaches $34 million settlement on more Willowbrook emissions claims; and Michael McClain, longtime Madigan adviser, sentenced to 2 years in prison on 'ComEd Four' charges

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07/24/25: Realtors join Chicago transit funding fight

fsennett@crain.com (Frank Sennett) — Wed, 23 Jul 2025 21:32:18 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss news from the local housing market, including including realtors going on the offensive over a plan to rescue the CTA with real estate taxes.

Plus: Chicago CFO says property tax hike likely in 2026 budget package, Northern Trust denies holding merger talks with Bank of New York Mellon, NASCAR names new city for 2026 street race and AI boom drives power costs to new record on biggest U.S. grid.

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07/23/25: Sterling Bay shifts tactics amid Lincoln Yards headaches

fsennett@crain.com (Frank Sennett) — Tue, 22 Jul 2025 21:51:28 +0000

Crain’s commercial real estate reporter Danny Ecker joins host Amy Guth to discuss the latest with Sterling Bay as the developer nears a deal to buy Boeing's West Loop office tower and looks to sell property next to the site for its embattled Lincoln Yards megaproject.

Plus: Former ComEd CEO sentenced to two years in prison for Madigan bribery scheme, Streeterville hotel sold to local investor at discount, Chicago firm picks up riverfront office building on the cheap and plans $50 million revamp, and CDW cuts more workers in fourth round of layoffs over two years.

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07/22/25: Uncertain future of NASCAR in Chicago

fsennett@crain.com (Frank Sennett) — Mon, 21 Jul 2025 22:06:36 +0000

NASCAR isn’t coming back to Chicago in 2026, but it's keeping the door open for 2027. Crain’s reporter Jack Grieve discusses with host Amy Guth. Plus: Justice Department appeals Jenner & Block's win in fight with Trump, Sterling Bay nears deal to buy Boeing's West Loop office tower, Rivian seating supplier will set up facility in Normal and Cresco Labs to sell off California facilities amid cannabis industry struggles. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/18/25: Chicago likely to be key player in AI world

fsennett@crain.com (Frank Sennett) — Fri, 18 Jul 2025 21:53:53 +0000

Chicago is poised to win in the age of AI. Crain’s technology reporter John Pletz joins host Amy Guth to explain.

Plus: As new tariffs loom, United shrugs while Abbott braces for a hit; LanzaJet expects to start running world’s first ethanol-to-jet fuel plant soon; Rivian picks Atlanta for East Coast HQ as $6 billion Georgia plant nears; and Rush and UChicago Medicine both pause gender-affirming therapies for minors.

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07/17/25: New restaurants dishing family recipes

fsennett@crain.com (Frank Sennett) — Wed, 16 Jul 2025 22:25:11 +0000

Crain's reporter Ally Marotti talks with host Amy Guth about new Chicago restaurants with family roots and more restaurant moves from former Bear Israel Idonije.

Plus: Mendoza teases 2027 mayoral run as she exits comptroller stage, Delta adds first nonstop between O'Hare and LAX, downtown Wheaton apartment development lands $124 million in financing and fast-casual chicken restaurant Zaxbys is coming to Chicago.

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07/16/25: Chicagoans pushing the envelope on accessible buildings

fsennett@crain.com (Frank Sennett) — Tue, 15 Jul 2025 22:42:03 +0000

As the ADA turns 35, some Chicago architects, designers and officials are working to expand accessibility beyond what the law requires. Crain’s assistant managing editor Cassandra West discusses with host Amy Guth.

Plus: Pritzker signs executive order to analyze tariff impact on Illinois; Chicago transit's $771 million fiscal cliff could shrink because of extra sales tax; BlackRock marks Chicago milestone with new office and plans to grow; and John Hooker, first of "ComEd Four" to be sentenced, gets 1.5 years in prison.

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07/15/25: How Kraft could divide itself

fsennett@crain.com (Frank Sennett) — Mon, 14 Jul 2025 22:32:10 +0000

Kraft Heinz reportedly plans to break itself up a decade after the megamerger that formed the packaged-food giant. Crain's consumer products reporter Ally Marotti discusses with host Amy Guth.

Plus: FCC greenlights T-Mobile's $4.4 billion U.S. Cellular acquisition, U.S. Foods in talks to acquire rival distributor, Boston battery startup is moving to Fulton Market and a developer eyes Ford City Mall demolition and new warehouse project.

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07/11/25: Chicago deep-dish pizzerias go wide

fsennett@crain.com (Frank Sennett) — Fri, 11 Jul 2025 22:39:56 +0000

Two Chicago deep-dish chains want to expand nationally. Crain’s restaurants reporter Brandon Dupré talks with host Amy Guth about their plans and economic factors in the pizza business.

Plus: Walgreens shareholders approve private-equity buyout, Ferrero is buying WK Kellogg in $3.1 billion deal, developers reveal new "scaled down" plan for Lincoln Yards site and new owner of Wacker Drive tower floats hotel conversion plan.

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07/10/25: Sales surge for Chicago's most premium homes

fsennett@crain.com (Frank Sennett) — Wed, 9 Jul 2025 21:23:48 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local market, including record-breaking sales in Chicago's higher housing tier and Cook County’s push for affordable modular homes.

Plus: Office demand freefall resumes as downtown vacancy reaches a new record high, Rivian's micro-EV spinoff valued at $1 billion, Blue Cross parent renames Medicare offerings following Cigna deal and CME debates the meaning of "trading floor" as $2 billion trial gets underway.

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07/09/25: Restaurants ditch the pricey cocktail

fsennett@crain.com (Frank Sennett) — Tue, 8 Jul 2025 21:44:42 +0000

Looking to woo value-hungry customers, some Chicago restaurant operators are dropping $20 cocktails. Crain's restaurants reporter Ally Marotti talks about the latest hospitality pivot with host Amy Guth. Plus: NASCAR is negotiating with city officials on its Chicago return, Notre Dame loses protection from endowment tax in GOP bill, Monroe Capital invests $100 million in NFS Capital and American Airlines goes back to court to stop gate shuffle at O'Hare. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/08/25: Long-running CME class action goes to trial

fsennett@crain.com (Frank Sennett) — Mon, 7 Jul 2025 21:04:28 +0000

CME Group faces former pit traders as its $2 billion trial gets underway. Crain’s finance reporter Mark Weinraub talks with host Amy Guth about the trial that will decide if traders will be compensated for the shift to screen-based trading.

Plus: Baxter names a new CEO, Ald. Walter Burnett in the running to lead the Chicago Housing Authority, BlackRock to buy real estate firm with $7.3 billion in assets and Chicago area ranks among nation's most expensive rental markets.

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07/04/25: Northwestern navigates federal scrutiny

fsennett@crain.com (Frank Sennett) — Thu, 3 Jul 2025 20:12:04 +0000

Northwestern’s president is set to again appear in front of Congress this summer. Crain’s reporter Brandon Dupre talks with host Amy Guth about the university and other higher ed institutions in the crosshairs of the Trump administration and congressional Republican leaders.

Plus: Pritzker signs bill cracking down on pharmacy benefit managers, CBRE lures office leasing team from its new Chicago landlord, Rivian slows EV output to prep for model change and optimism among Illinois business leaders takes a nosedive.

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07/03/25: Live like Michael Jordan — for $15,000 a night

fsennett@crain.com (Frank Sennett) — Wed, 2 Jul 2025 22:37:01 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the local housing market, including how the Highland Park former homes of Michael Jordan and Scottie Pippen are now on Airbnb.

Plus: Fulton Market landlord defies office market struggle with big refi; CommonSpirit commits $6M to mental health efforts in Chicago; developer buys distressed Oak Brook office complex and plans revamp; and Tempus AI plans $650M note sale to pay down debt.

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07/02/25: Ken Griffin’s latest splurge

fsennett@crain.com (Frank Sennett) — Tue, 1 Jul 2025 22:06:49 +0000

Citadel's Ken Griffin breaks Sotheby's record with bids for two Civil War-era documents. Crain’s Laura Turbay discusses with host Amy Guth. Plus: An audit reveals Chicago blew through a key budget reserve in 2024, Gov. Pritzker selects former deputy governor Christian Mitchell for running mate as Lt. Gov. Stratton raises $1M in U.S. Senate bid, Shore Capital targets food and beverage deals with $450 million fund and a Chicago investor buys Tribune Tower retail space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/01/25: A look at Gov. Pritzker's record

fsennett@crain.com (Frank Sennett) — Mon, 30 Jun 2025 22:52:07 +0000

Gov. Pritzker’s numbers tell a mixed story of his record so far as he seeks a third term. Crain’s reporter John Pletz discusses with host Amy Guth. Plus: Rivian cuts more than 100 salaried jobs in Normal, hospital staffer slams cuts at former Ascension hospitals as Illinois senators step up oversight, a jury awards nearly $60 million in trial over waste-hauling technology and a trading firm is poised to leave its troubled Loop tower home for the Old Post Office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/27/25: Where Chicago's restaurateurs are placing their bets

fsennett@crain.com (Frank Sennett) — Fri, 27 Jun 2025 21:59:42 +0000

Reporter Ally Marotti talks with host Amy Guth about restaurant business news including Potbelly's turnaround plan, Chicago chefs betting on casino dining, and the first restaurant with direct access to The 606 trail.

Plus: Brandon Johnson faces fresh ethics scrutiny after lobbyist donation, Walgreens beats Wall Street expectations ahead of sale to Sycamore Partners, New York firm buys distressed Wacker Drive tower at massive discount and MCA Chicago announces its next board chair.

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06/26/25: Home prices in Chicago keep climbing

fsennett@crain.com (Frank Sennett) — Wed, 25 Jun 2025 21:59:06 +0000

Crain’s residential real estate Crain’s reporter Denns Rodkin talks with host Amy Guth about local housing market news including how Chicago-area home prices are rising at four times the nation's.

Plus: AI gold rush fuels ComEd crackdown on data center speculators, push for mandatory security cameras puts City Hall at odds with biz and the ACLU, three suburban Mariano's set to close and a lakefront hotel goes up for sale as either a hospitality or a housing bet.

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06/25/25: Illinois' research university scientists left reeling

fsennett@crain.com (Frank Sennett) — Tue, 24 Jun 2025 22:38:40 +0000

The Trump administration’s federal cuts that have gutted grants threaten the work of Illinois researchers. Crain's contributor Judith Crown talks with host Amy Guth about the potential long-term impacts of such funding cuts.

Plus: Gov. Pritzker to announce he's running for a third term; Ronald McDonald House buys neighboring Streeterville property and eyes expansion; GE HealthCare and Stanford Medicine renew partnership to push total body scanning tech; and McDonald’s and Krispy Kreme end partnership over cost issues.

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06/24/25: Oberweis Dairy's 'aggressive' expansion plans

fsennett@crain.com (Frank Sennett) — Mon, 23 Jun 2025 22:05:31 +0000

A year ago, Oberweis Dairy was in bankruptcy. Now it's expanding. Reporter Ally Marotti talks with host Amy Guth about the ice cream brand’s next chapter. Plus: Northern Trust reportedly approached by Bank of New York Mellon about merger, American Bar Association sues Trump over alleged "intimidation" of law firms, a big West Loop apartment tower up for sale and Berlin Packaging to move HQ to Merchandise Mart. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/20/25: Changes coming for the top of iconic Chicago tower

fsennett@crain.com (Frank Sennett) — Fri, 20 Jun 2025 22:04:13 +0000

A new view is coming to the former John Hancock Center’s old Signature Room space. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: United and other airlines suspend some Middle East flights as tensions rise, McDonald's settles Byron Allen's $10 billion ad discrimination lawsuit, study finds Illinois home insurance rates jump 60% in six years and Jefferson Park staple Gale Street Inn abruptly closes.

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06/19/25: Anti-gentrification rules get pushback in City Council

fsennett@crain.com (Frank Sennett) — Wed, 18 Jun 2025 22:52:35 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the latest local housing news, including two City Council members who want to drop their wards from Chicago's new anti-gentrification ordinance.

Plus: Developers get $69 million construction loan for South Loop tower, local toymakers ask Supreme Court to hear challenge to Trump's global tariffs, Kraft Heinz to remove all artificial dyes by end of 2027 and former Loretto Hospital exec indicted in alleged $300 million COVID test fraud.

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06/18/25: Changing winds in gig economy labor fight

fsennett@crain.com (Frank Sennett) — Tue, 17 Jun 2025 22:33:58 +0000

The city pulled the plug on a vote to boost pay for rideshare drivers as Uber backs a statewide union push. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: With latest deal, United Center owners cross $100 million in land purchases; Colorado investor nears big discount for LaSalle Street office tower; city taps developer for $48 million Roseland housing and retail project; and Chicago garners two wins at the prestigious James Beard Awards.

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06/17/25: Michael Madigan's final chapter

fsennett@crain.com (Frank Sennett) — Mon, 16 Jun 2025 22:40:20 +0000

Crain’s reporter John Pletz joins host Amy Guth to discuss the former Illinois House speaker's seven and a half-year sentence.

Plus: City pulls plug on rideshare pay vote as Uber backs statewide union push, public transit agencies begin planning for "doomsday" funding scenario, Texas firm pays $32 million for Near North Side apartments and UChicago spinout raises $4 million to take saliva-based cancer test to market.

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06/13/25: You're Chicago's new brand ambassador

fsennett@crain.com (Frank Sennett) — Fri, 13 Jun 2025 21:57:22 +0000

Choose Chicago President and CEO Kristen Reynolds talks with host Amy Guth about the city’s new branding campaign and why she believes it's a “new era” for the city.

Plus: Gov. JB Pritzker fires back at D.C. hearing on ICE action, global rare earth fight hits home with Ford plant shutdown in Chicago, University of Chicago gets $25 million from trustee for K–12 education research and YMCA of Chicago taps next CEO.

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06/12/25: The North Shore's top home sale of 2025

fsennett@crain.com (Frank Sennett) — Wed, 11 Jun 2025 20:01:10 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest local housing news, including recent activity at the upper end of the market.

Plus: Northwestern announces cuts, cost-saving measures as federal funding freeze hits home; American Bar Association defends role reviewing judges against Trump AG's freeze-out; AMA opposes RFK Jr.'s dismantling of vaccine panel, seeks Senate investigation; and CareerBuilder & Monster plans nearly 400 layoffs.

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06/11/25: Illinois colleges feel the funding squeeze

fsennett@crain.com (Frank Sennett) — Tue, 10 Jun 2025 22:20:30 +0000

The state's public universities face a crisis as funding fails to keep up with rising costs. Crain’s contributor Judith Crown talks with host Amy Guth about cutbacks at schools around Illinois.

Plus: CoinFlip's billion-dollar ambition is another sign the crypto biz is growing up, Bally's settles suit by white men over Chicago casino stake, more job cuts planned at former Ascension hospitals and Brandon Johnson's COO joins the Obama Foundation.

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06/10/25: Could Kraft start getting lean?

fsennett@crain.com (Frank Sennett) — Mon, 9 Jun 2025 22:48:21 +0000

Kraft Heinz is reviewing its options as Berkshire Hathaway exits the board. Crain's reporter Ally Marotti discusses with host Amy Guth.

Plus: Illinois’ $55.2 billion budget "incomplete," Civic Federation president says; North Aurora warehouse sale shows industrial property strength; Chicago’s new highest-paid CEO; and downtown rents jump as supply pipeline dries up.

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06/06/25: Diners are eating like a recession is coming

fsennett@crain.com (Frank Sennett) — Fri, 6 Jun 2025 20:14:25 +0000

From skipping cocktails to splitting meals, recession indicators hit Chicago restaurants. Crain's reporter Ally Marotti talks with host Amy Guth about how the combination of lower foot traffic and reeled-in spending is causing restaurant operators to tweak their strategies.

Plus: Reinsdorf lines up White Sox sale to another Chicago billionaire, McDonald's keeps "core" inclusion programs despite DEI backlash, Northwestern trumpets AI tool that could open up a glaring health care bottleneck and Green Mill building in Uptown is for sale.

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06/05/25: Anti-gentrification measure creates stumbling blocks

fsennett@crain.com (Frank Sennett) — Wed, 4 Jun 2025 18:52:20 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth talk news from the local housing market, including about how some buyers and sellers are hitting snags under Chicago's new anti-gentrification ordinance.

Plus: A massive, 20-year deal with Meta throws a lifeline to an Illinois nuclear power plant, Thoma Bravo raises $34.4 billion for technology investments, Trump’s attorney general steps up fight with American Bar Association and a local investor bets on new Ryan Field with Evanston hotel deal.

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06/04/25: A downtown stadium project forges ahead

fsennett@crain.com (Frank Sennett) — Tue, 3 Jun 2025 19:09:55 +0000

Chicago Fire owner Joe Mansueto revealed his vision for a $650 million soccer stadium in the South Loop. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about the latest plans at The 78.

Plus: Lawmakers OK new perks for manufacturers that stick with Illinois, Rivian eyes new debt deal as expected vehicle deliveries slump, distressed State Street building hits market at steep discount and Ascension nears $3.9 billion deal for outpatient centers, including three around Chicago.

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06/03/25: Public transit overhaul derailed

fsennett@crain.com (Frank Sennett) — Mon, 2 Jun 2025 22:38:27 +0000

What’s next for Chicago transit agencies after a proposed bailout fell apart in Springfield? Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: New taxes on sports bets, nicotine products as Democrats pass $55.2 billion budget; feds recommend 12.5 years of prison time for Michael Madigan, United Airlines is bulking up again at O'Hare; and Blues affiliate launches basic health plan for part-time and seasonal workers.

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05/30/25: Execs acting on tariff, AI fears

fsennett@crain.com (Frank Sennett) — Fri, 30 May 2025 22:05:32 +0000

Half of C-suite executives say tariff and artificial inteligence anxieties are driving major business decisions. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Ulta tops estimates as beauty demand bucks consumer pullback, GTCR slams FTC in court as it fights to save $627 million deal, Skittles removes controversial additive targeted by RFK Jr. and Art Institute president returns following in-flight misconduct probe.

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05/29/25: Chicago home price growth triples the U.S. rate

fsennett@crain.com (Frank Sennett) — Wed, 28 May 2025 20:25:02 +0000

Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth about news from the local market, including how Chicago home prices are still rising — and faster than almost anywhere else.

Plus: Fitch downgrades Chicago's financial outlook to "negative," Cboe executive steps down weeks after Craig Donohue gets top job, New York firm nears deal to buy Wacker Drive skyscraper, Economic Club picks its next board chair and University of Chicago lands more than $18 million for new institute.

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05/28/25: Who's slated to become Chicago's biggest public company?

fsennett@crain.com (Frank Sennett) — Tue, 27 May 2025 22:14:50 +0000

Crain's latest list may be the final appearance of what has long been the largest public company in the Chicago area. Reporter Jack Grieve talks about this year’s rankings with host Amy Guth.

Plus: Jenner & Block wins ruling blocking Trump’s executive order, court upholds dismissal of AbbVie-Allergan merger suit, Trump Tower to pay $4.8 million to settle Chicago River pollution lawsuit and Beyoncé helps drive Chicago hotel bookings above Messi’s record.

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05/23/25: Demand for European summer travel is wobbly

fsennett@crain.com (Frank Sennett) — Fri, 23 May 2025 22:22:52 +0000

Summer vacation travel to and from Europe looks weak, an ill sign for airlines, Chicago tourism and O’Hare. Crain's reporter John Pletz discusses with host Amy Guth. Plus: Investors rescue Lion Electric from bankruptcy but idled Joliet plant will remain dark, pharmas push back as deadline looms for contentious drug discount bill, Bison Gear to lay off 167 workers in St. Charles and Wrigley Field close to landing 2027 All-Star Game. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/22/25: Dolton wants to seize Pope Leo's home

fsennett@crain.com (Frank Sennett) — Wed, 21 May 2025 21:43:30 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including Dolton's plan to take Pope Leo XIV's childhood home through eminent domain.

Plus: The Red Line extension is now a $5.75 billion gamble for the CTA and taxpayers, Motorola Solutions nears $4.5 billion deal for radio maker Silvus, developer proposes residential redevelopment at Blue Man Group's longtime Lakeview home and Northwestern's Kellogg School launching new program for veterans.

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05/21/25: Chicago reverses population slide

fsennett@crain.com (Frank Sennett) — Tue, 20 May 2025 17:24:39 +0000

The city's population is growing again. Crain’s reporter John Pletz discusses what’s behind the uptick with host Amy Guth.

Plus: Trump officials launch hiring probe after Johnson touts number of Black advisers, Mesirow raises $1.25 billion fund for multifamily real estate investments, LanzaTech is laying off 44 from its Skokie HQ amid clean energy pullback and Lyft revives pooled rides at O'Hare in push for cheaper trips.

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5/20/25: Rift between Johnson, City Council allies

fsennett@crain.com (Frank Sennett) — Mon, 19 May 2025 22:00:27 +0000

Members of the progressive coalition that helped bring Mayor Brandon Johnson to the Fifth Floor worry their movement is stalled. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Pathos raises $365 million in funding round, touts $1.6 billion valuation; higher patient volumes at CommonSpirit don't offset losses; Geico opens corporate hub in Merchandise Mart; and lawmakers seek to reverse Illinois law penalizing companies that boycott Israel.

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05/16/25: Bears are back on Arlington Park stadium plan

fsennett@crain.com (Frank Sennett) — Fri, 16 May 2025 22:39:05 +0000

The Chicago Bears have paused plans for a downtown stadium to focus instead on Arlington Heights. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Jenner & Block lawyer's security clearance pulled by Trump administration; Kraft Heinz plans $3 billion plant upgrades despite lower profit outlook; another United hub hit by air traffic outage; and with federal action looming, Northwestern hits the gas on lobbying efforts.

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05/15/25: Strong start to 2025 for Chicago new home sales

fsennett@crain.com (Frank Sennett) — Wed, 14 May 2025 22:37:00 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including insights form the latest Chicago-area new home sales data and not one but two properties with ties to the new pope.

Plus: Pritzker budget team slashes state's revenue forecast by $536 million, City panel OKs subsidy for 400-unit office-to-apartment conversion, Northwestern facing federal civil rights investigation over alleged discrimination and United Center owners revamping arena's upper suites.

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05/14/25: Street fests are on the brink

fsennett@crain.com (Frank Sennett) — Tue, 13 May 2025 20:39:59 +0000

Chicago's street festivals are having an existential crisis. Crain's reporter Ally Marotti explains the growing plight to host Amy Guth.

Plus: Chicago taps Loop Capital founder to fix $1 billion budget hole, U of I's scrapped Discovery Partners Institute project in South Loop to undergo state audit, Hub International lands $29 billion valuation in $1.6 billion round and a mixed-income housing plan for old Cabrini grounds lines up $46 million for final phase.

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05/13/25: Johnson touts two years of biz-friendly bona fides

fsennett@crain.com (Frank Sennett) — Mon, 12 May 2025 22:10:06 +0000

With Brandon Johnson halfway through his first term in office, Crain’s politics reporter Justin Laurence talks with host Amy Guth about his recent conversation with the mayor reflecting on the last two years.

Plus: Stellantis yanks plans for Belvidere battery plant and parts hub; a Texas investor picks up Arlington Heights shopping center; Northwestern medical school cuts and consolidates research centers, including one focused on equity; and largest U.S. grid operator warns extreme heat risks summer power shortages.

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05/08/25: A South Sider runs the Vatican

fsennett@crain.com (Frank Sennett) — Fri, 9 May 2025 21:45:56 +0000

Chicago’s Robert Prevost made history as Pope Leo XIV, the first U.S.-born pope. Here's a rundown of how the city's brands and residents reacted in the following days.

Plus: Crain’s politics reporter Justin Laurence talks with host Amy Guth about the latest chapter in the Lincoln Yards project saga. And, Michael Polsky's Invenergy awards $1.7 billion as part of largest U.S. power line project, McDermott Will & Emery in merger talks with New York law firm and why Chicago street festivals are struggling.

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05/08/25: Home sellers reaching higher with asking prices

fsennett@crain.com (Frank Sennett) — Wed, 7 May 2025 21:38:17 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the latest news form the local housing marketing, including how asking prices for Chicago-area homes hit record highs last month.

Plus: Fed urged to reconsider Capital One's $35 billion deal for Discover, Rivian cuts EV delivery forecast and cites tariffs as hurting demand, Raja Krishnamoorthi and Robin Kelly both enter race for Durbin’s seat, imperiled immigrant health programs reportedly help buoy hospitals, Morningstar will now call out lackluster private investments and Grubhub owner Wonder tops $7 billion valuation in new funding.

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05/07/25: Assessing tariff damage for Chicago companies

fsennett@crain.com (Frank Sennett) — Tue, 6 May 2025 21:39:30 +0000

The local impact from the Trump administration's tariffs is at $1 billion, and that's just counting five local companies so far. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: ADM sees profits at low end of guidance on trade uncertainty; first, United said it wouldn't fly to Newark anymore, then the reason why became clear; Golf Mill shopping center put up for sale amid plans for $440 million overhaul; and Art Institute president takes leave amid in-flight misconduct probe.

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05/06/25: Chicago's best restaurants for business dinners and happy hours

fsennett@crain.com (Frank Sennett) — Mon, 5 May 2025 22:16:13 +0000

Crain's list of the best restaurants offers recs for client dinners, lunch, post-workday drinks with colleagues and even a breakfast meeting option. Reporter Ally Marotti and host Amy Guth discuss about this year’s list and the restaurant group betting big on the Loop with new spots anchored to hotels.

Plus: Gov. Pritzker shuts door on state funding for revised One Central megaproject, a business-backed group raises $10 million in bid to reshape City Hall, Rivian ups its Illinois investment with supplier park and a hotel group warns of travel hit as Trump administration policies chill tourism.

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05/02/25: Even restaurant staff trainers are setting up in Fulton Market

fsennett@crain.com (Frank Sennett) — Fri, 2 May 2025 21:48:54 +0000

A hospitality staffing company is bringing a training hub to Fulton Market. Crain’s restaurants reporter Ally Marotti talks with host Amy Guth about the new operation and the latest from Chicago's dining scene.

Plus: Casino construction paused after mob-linked hauler flagged, Microsoft drops law firm that cut Trump deal and turns to Chicago's Jenner & Block, Chicago banks double down on one of the hottest parts of the biz and Stephanie Izard opening burger spots in Aurora and Joliet casino food courts.

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05/01/25: Cities with highest property taxes clustered in Illinois

fsennett@crain.com (Frank Sennett) — Wed, 30 Apr 2025 22:21:24 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including four Illinois metros appearing at the top of a new list of the highest-taxed cities in the U.S.

Plus: Johnson joins lawsuit seeking to prevent Trump's federal government overhaul; a developer looks to force a vote on $1 billion residential project near planned Bally's casino; Wacker Drive office tower hits the market, setting up a nasty blow for seller; and McDonald's still sees risks to operating in Russia.

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04/30/25: Renewed scrutiny on Northwestern president

fsennett@crain.com (Frank Sennett) — Tue, 29 Apr 2025 22:25:22 +0000

Northwestern University President Michael Schill was called to Congress for questioning — again. Crain’s higher education reporter Brandon Dupré discusses with host Amy Guth.

Plus: Judge probes whether Trump retaliated against Jenner & Block, what American Airlines says about its battle with United at O'Hare, Advocate doctors to drop Blue Cross Illinois HMO plan and United Airlines just unveiled its exclusive Polaris lounge makeover.

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04/29/25: The best new wine and dine locales for 2025

fsennett@crain.com (Frank Sennett) — Mon, 28 Apr 2025 22:06:49 +0000

Restaurants reporter Ally Marotti and host Amy Guth break down Crain’s latest list of Chicago’s new private dining spaces.

Plus: Baxter spinout plants HQ in Deerfield, moving into former Caterpillar office; Mondelez has a lot of work to do if it wants to hit 2025 recycling goal; Sterling Bay seeking buyer for Loop office building as loan deadline looms; and in a legal fight over disputed artwork, judge rules against Art Institute.

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04/25/25: Durbin's retirement ripples through Illinois

fsennett@crain.com (Frank Sennett) — Fri, 25 Apr 2025 22:00:26 +0000

Sen. Dick Durbin's retirement announcement has begun what could be a massive generational shift in Illinois politics. Crain’s political columnist Greg Hinz discusses with host Amy Guth.

Plus: Despite strong start to 2025, banks cast wary eye as tariff threats loom, American Bar Association cuts 300 jobs after Justice Department pulls grant funding, Oak Brook investor seizing shuttered Northbrook Crowne Plaza hotel and Bears confront their Soldier Field landlord as they scope out Arlington Park move.

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04/24/25: Property tax tangle carries big implications in Illinois

fsennett@crain.com (Frank Sennett) — Wed, 23 Apr 2025 22:53:03 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including counties suing Illinois over delinquent tax sales the Supreme Court calls unconstitutional.

Plus: Durbin not seeking re-election, Chicago developer set to buy riverfront office building from Sam Zell estate, Capital One profit climbs 10% as credit-card spending increases, Exelon CEO says clean energy no longer tops agenda for utilities, and with growing list of Trump suits, Illinois AG seeks $15 million budget bump.

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04/23/25: Downtown developer dips a toe in restaurant biz

fsennett@crain.com (Frank Sennett) — Tue, 22 Apr 2025 21:33:55 +0000

A Loop office tower developer is planning a restaurant on Randolph. Crain's reporter Ally Marotti talks about the move with host Amy Guth.

Plus: Bears' Arlington Heights stadium push hits "significant milestone," Baker Tilly merging with Moss Adams to create sixth-biggest U.S. accounting firm, developer pitches 30-story apartment tower for Fulton Market site and Thoma Bravo buys Boeing digital businesses for $10.6 billion.

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04/22/25: Opening salvos in Jenner's clash with Trump

fsennett@crain.com (Frank Sennett) — Mon, 21 Apr 2025 21:36:58 +0000

Jenner & Block is fighting the Trump administration's bid to shut down the firm's lawsuit, calling the executive order against it "patently unconstitutional." Crain’s law reporter Mark Weinraub discusses with host Amy Guth.

Plus: Fed's Goolsbee warns against curbing central bank independence; Abbott to add 200 Illinois jobs, expand U.S. manufacturing as tariffs loom; Linden shoots past target with $5.4 billion health care buyout fund; revamped Fulton Market property portfolio up for sale; and Rainbow Cone set to open on "Street of Treats" near Millennium Park.

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04/18/25: Ulta's place in the new world of beauty

fsennett@crain.com (Frank Sennett) — Fri, 18 Apr 2025 19:33:46 +0000

How people buy cosmetics is changing. Crain's retail reporter Ally Marotti talks with host Amy Guth about how Chicago-based Ulta is trying to keep up.

Plus: Northwestern to keep bankrolling research despite $790 million federal funding freeze, Lincoln Yards lender "as patient as we need to be" on stalled megaproject, FDA's baby formula research in Illinois gutted after RFK Jr. safety pledge and the tariff-fueled market retreat cost Chicago's pensions $1 billion.

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04/17/25: What's holding together Kirkland's Trump deal?

fsennett@crain.com (Frank Sennett) — Wed, 16 Apr 2025 22:09:52 +0000

Chicago’s largest law firm has no formal agreement backing the deal it reached with the Trump administration. Crain’s reporter Mark Weinraub and host Amy Guth discuss why the deals with Big Law are nowhere to be found.

Plus: Durbin pushes to save DOJ’s Chicago antitrust office from chopping block, Chicago names a City Hall vet as acting aviation commissioner, Raoul joins state AGs urging Congress to break up pharmaceutical middlemen and new stores slated for shuttered Dom's in Old Town, Whole Foods in River North.

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04/16/25: Activity picking up at O'Hare

fsennett@crain.com (Frank Sennett) — Tue, 15 Apr 2025 22:22:17 +0000

O’Hare International Airport ranked among the busiest U.S. airports last year, despite still lagging pre-pandemic traffic levels. Crain’s reporter Pawan Naidu discusses the data with host Amy Guth.

Plus: Ariel execs departing with buyouts as firm resets amid market upheavals, Chicago brokerage R.J. O'Brien acquired for $900 million, New York investor pays $170 million for Fulton Market apartments and University of Chicago gets $100 million gift for business school.

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04/15/25: Good times keep rolling for warehouse owners

fsennett@crain.com (Frank Sennett) — Mon, 14 Apr 2025 22:00:30 +0000

Low space demand is no problem for Chicago-area warehouse owners. Crain’s commercial real estate reporter Denny Ecker and host Amy Guth discuss why.

Plus: ADM quits China domestic crop trading, adding to global job cuts; Scott Kirby gets a big pay bump at United Airlines; CME sells OSTTRA, its joint venture with S&P Global, to KKR in $3.1 billion deal; DOJ bans staffers from ABA activities; and a look at Crain’s list of the Chicago area's 100 largest privately held companies.

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04/11/25: Trump tariffs' effect on small biz

fsennett@crain.com (Frank Sennett) — Fri, 11 Apr 2025 22:24:57 +0000

The head of Chase Business Banking says U.S. economic strength is outweighing President Donald Trump's tariffs, at least for now. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: Pritzker called to testify on Illinois' immigrant policy in D.C.; empty former Aon campus sold at 96% discount; Goolsbee says tariffs present a stagflationary shock for the Fed; Outcome Health founders, free on bail, appeal fraud convictions; and DoorDash partners with Coco for food delivery robots.

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04/10/25: Tariff uncertainty could shake up Chicago’s housing market

fsennett@crain.com (Frank Sennett) — Wed, 9 Apr 2025 16:52:51 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about top stories including the potential impact of tariffs on the Chicago housing market. Plus: Who's up and who's down as the city's aviation team reshuffles O'Hare gates, Bally's parent makes a play to bail out Australian casino operator, Sterigenics finalizes $30.9 million settlement in Willowbrook emissions cases and the Trump administration freezes $790 million in federal funds for Northwestern. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/09/25: Questions swirl around the Lincoln Yards megadevelopment

fsennett@crain.com (Frank Sennett) — Tue, 8 Apr 2025 22:24:50 +0000

With Sterling Bay surrendering a section of Lincoln Yards, what will happen next? Crain’s commercial real estate reporter Danny Ecker discusses the latest on the megaproject with host Amy Guth.

Plus: Why Johnson's industrial zoning plans are giving the business community heartburn, Walgreens tops profit estimates as it heads toward private ownership, Capital One-Discover deal waved ahead by antitrust officials and former Northwestern football players settle with university over hazing lawsuits.

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04/08/25: What's next for the Giordano's pizza chain?

fsennett@crain.com (Frank Sennett) — Mon, 7 Apr 2025 22:07:48 +0000

Giordano's new CEO is eyeing an expansion and a digital overhaul. Crain’s reporter Brandon Dupre talks with host Amy Guth about the pizza chief’s company vision and about Michelin-starred Moody Tongue’s new tasting menu.

Plus: United Airlines makes a play for O'Hare's road warriors, Microsoft pulls back on data centers from Chicago to Jakarta, Illinoisans on Forbes' latest billionaires list and new Choose Chicago CEO embraces "challenge" of marketing the city.

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04/04/25: These new restaurants took a gamble

fsennett@crain.com (Frank Sennett) — Fri, 4 Apr 2025 22:35:13 +0000

Despite the first quarter often being the slowest time for Chicago's dining scene, Crain's reporter Ally Marotti talks with host Amy Guth about seven Chicago restaurants that have opened since January.

Plus: Market value down billions for Chicago’s largest public companies after Trump administration tariff announcement; workers say unsanitary practices persist at Abbott formula factory whose shutdown led to mass shortages; Foxtrot's rebirth has the backing of a Pritzker; and The Art Institute returned a sculpture to Nepal but obscured its connection to a wealthy donor.

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04/03/25: Chicago housing's long-term growth picture

fsennett@crain.com (Frank Sennett) — Wed, 2 Apr 2025 22:39:20 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the local housing market, including a report that shows how home prices here have changed in 25 years.

Plus: Report finds Illinois home insurance premiums jump 50% in three years; Fitch downgrades Bally's, citing 'execution risk' at Chicago casino; Rahm Emanuel returns to investment banking; and Linden Capital closes new health care fund with $400 million.

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04/02/25: Breaking down the new CPS-CTU deal

fsennett@crain.com (Frank Sennett) — Tue, 1 Apr 2025 22:18:20 +0000

Crain's politics reporter Justin Laurence talks with host Amy Guth about details of the tentative contract agreement between Chicago Public School and the Chicago Teachers Union.

Plus: Discover ups CEO's pay as it looks to close Capital One deal, Lakeview property up for sale as senior housing to rentals conversion, SEC drops crypto trading case against Don Wilson’s firm and Northwestern details progress in combating antisemitism on campus.

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04/01/25: Loop lunch scene slowly bounces back

fsennett@crain.com (Frank Sennett) — Mon, 31 Mar 2025 21:46:47 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how lunch business is faring for downtown restaurants.

Plus: Sterling Bay surrendering part of Lincoln Yards to lender, United's first Starlink-equipped plane will take flight in May, Downers Grove landlord inks new lease and fights to save part of complex from distress and a 'significant' donation will fund upgrade for Lurie Children's ER data science.

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03/28/25: Chicago law firm pushes back against Trump

fsennett@crain.com (Frank Sennett) — Fri, 28 Mar 2025 22:22:14 +0000

Jenner & Block sued the Trump administration over an executive order that would hinder a key piece of its practice. Crain’s contributing reporter Steven Strahler discusses with host Amy Guth.

Plus: Pritzker leads trade mission to Mexico, Rivian spins out startup focused on "micromobility" EVs, developers kick off work at Loop office-to-apartments conversion and Illinois EV sales surged, fueled by incentives.

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03/27/25: 'Phantom' of the Gold Coast is sold

fsennett@crain.com (Frank Sennett) — Wed, 26 Mar 2025 21:00:25 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news including a Gold Coast long-vacant 'phantom building' sold to condo developer and Chicago home price growth more than doubled the national rate in February.

Plus: Jenner & Block latest law firm to be targeted by Trump; Boeing reportedly seeks to withdraw 737 Max guilty plea deal; Walgreens settles long-running kickback lawsuit for $5M; and United hikes airport lounge fees in bid to curb overcrowding.

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03/26/25: Sizable funding round for Chicago biotech startup

fsennett@crain.com (Frank Sennett) — Tue, 25 Mar 2025 19:47:37 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about the latest news from the local health scene, including innovations from a Northwestern wearable sensor tech spinout.

Plus: Stellantis offers buyouts, retirement incentives to workers in Illinois, Michigan and Ohio; Evanston hedge fund Magnetar has a huge stake in one of Wall Street's most anticipated IPOs; a big downtown office tenant that isn't cutting back on space; and Crain’s newest list ranks Chicago's largest wealth management firms.

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03/25/25: Downtown Chicago's discount-rack buyers

fsennett@crain.com (Frank Sennett) — Mon, 24 Mar 2025 20:30:24 +0000

Bargain-hunting investors could reshape the future of the heart of the city. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Chicago transit "doomsday scenario" comes into focus as region faces up to $2.6 billion in economic losses, Fed’s Goolsbee sees transitory inflation from one-time tariffs, Trump Organization sued over alleged malfeasance at Chicago tower and Abbott gets green light for clinical trials of new heart treatment system.

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03/21/25: Return to form for these local shopping strips

fsennett@crain.com (Frank Sennett) — Fri, 21 Mar 2025 22:13:26 +0000

Chicago's boutique retail corridors are thriving. Crain's retail reporter Ally Marotti and host Amy Guth discuss what’s fueling them.

Plus: Developer pitches 26-story hotel near Obama Presidential Center, Illinois sues EPA and Citibank for release of $20 billion for clean energy projects, Centrust Bank parent acquired by SmartBiz in $31.5 million deal and insurers are fleeing California but a Chicago upstart is running toward the market.

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03/20/25: An unheard-of home sale price in West Garfield Park

fsennett@crain.com (Frank Sennett) — Wed, 19 Mar 2025 20:07:18 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the NAR taking a hit in a new survey, a West Garfield Park builder’s vision for an ecosystem of improvement vision and more.

Plus: Where consumers spent money as Chicago-area retail sales rose almost 5% last year, Blackstone facing $346 million foreclosure at River North office building, Gold Coast's distressed Ambassador Chicago hotel finds a rescuer and remote software firm Nerdio gets $1.2 billion valuation in $500 million equity round.

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03/19/25: Charlie Trotter's is back

fsennett@crain.com (Frank Sennett) — Tue, 18 Mar 2025 21:53:47 +0000

Crain's restaurants and retail reporter Ally Marotti talks with host Amy Guth about the return of one of Chicago's most famed restaurants and the latest sweet having a moment in the local food scene.

Plus: NASCAR loses another major sponsor of its Chicago Street Race, Walgreens chair reportedly doubling down his stake in Sycamore deal, Salesforce Tower Chicago developers refinancing with massive loan and LaSalle Network names its next CEO.

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03/18/25: The safest hospitals for patients around here

fsennett@crain.com (Frank Sennett) — Mon, 17 Mar 2025 22:08:53 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about the latest news from Chicago's health scene, including 13 hospitals around northern Illinois earning high marks in the latest list of patient safety rankings.

Plus: Chan Zuckerberg, Portal, P33 add space at Fulton Labs; Cindy Pritzker, family matriarch who put her own stamp on the city, dies at 101; private security firm laying off 300 local workers; and Chicago wants city contractors to share in budget pain.

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03/14/25: Illinois universities stay put on diversity efforts despite Trump

fsennett@crain.com (Frank Sennett) — Fri, 14 Mar 2025 21:35:45 +0000

At a recent Crain’s event, Illinois university leaders showed a united front as President Donald Trump's threats to crack down on higher education loom. Crain’s education reporter Brandon Dupré discusses with Amy Guth.

Plus: Sterling Bay moving Fulton Market HQ; in remarks to teachers union, Gov. Pritzker lashes out at Trump's education cuts; according to census data, the Chicago metro area and Cook County are growing again; plans for Lakeview hotel focused on LGBTQ+ community move forward.

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03/13/25: New life for a Loop landmark?

fsennett@crain.com (Frank Sennett) — Wed, 12 Mar 2025 20:05:00 +0000

Crain’s commercial real estate reporter Rachel Herzog talks with host Amy Guth about news from around the market, including the latest on two Mag Mile and Rush Street retail corridors, an investor pitch for office-to-residential conversion for the Pittsfield Building and more.

Plus: Johnson's labor liaison to leave City Hall, first startups chosen for Northwestern-Techstars accelerator, "private IPO" could value Chicago's Hub International at $30B, McDonald's beefs up C-suite to speed innovation and an iconic Chicago hot dog spot is expanding with a California location.

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03/12/25: Uber turns the tables on City Council

fsennett@crain.com (Frank Sennett) — Tue, 11 Mar 2025 21:53:10 +0000

Uber made a peace deal with a powerful union, threatening talks over a city rideshare ordinance. Crain's politics reporter Justin Laurence discusses with host Amy Guth.

Plus: RFK Jr. gives food companies an ultimatum to remove artificial dyes, United Airlines moves to blunt the effects of Trump administration's DOGE initiative, Skokie hotel developer hit with $24 million foreclosure lawsuit, Chicago added as host city for Premier League's summer series and Michelle Obama starts podcast with her brother.

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03/11/25: The path ahead for a privately owned Walgreens

fsennett@crain.com (Frank Sennett) — Mon, 10 Mar 2025 21:57:42 +0000

Crain’s health care reporter Katherine Davis discusses the Walgreen-Sycamore take-private deal and what it means for the Deerfield-based pharmacy giant.

Plus: Cboe plans options product for traders wary of stocks concentration risk, United begins installing Elon Musk's Starlink Wi-Fi in its planes, Mondelez turns to new SEC guidance to quiet call for Russia transparency, and the return of Charlie Trotter's.

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03/07/25: The most revealing item on the menu

fsennett@crain.com (Frank Sennett) — Fri, 7 Mar 2025 22:23:22 +0000

That martini isn't just there to entice — it's a statement from the restaurant. Crain's reporter Ally Marotti discusses host Amy Guth.

Plus: Mag Mile retail space up for sale; Gotion set to start production, ramp up hiring in Manteno; online payments company Stripe doubles Chicago footprint; and leases for nearly 800 Joann properties, 17 around Chicago, set for auction.

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03/06/25: Michigan City's beach town plan progresses

fsennett@crain.com (Frank Sennett) — Wed, 5 Mar 2025 23:42:40 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from around the local housing market, including how the next big piece of Michigan City’s pivot to resort town is underway and seven Chicago buildings in need of a rescue.

Plus: Mayor Brandon Johnson says sanctuary city law keeps Chicago safer in high-profile House testimony, the Justice Department files to join legal challenge to Illinois nonprofit diversity law, the Art Institute returns a stolen sculpture to Nepal, and Elgin-based Middleby is spinning off its food processing business.

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03/05/25: The money behind March Madness

fsennett@crain.com (Frank Sennett) — Tue, 4 Mar 2025 23:00:43 +0000

Crain’s contributor Dan McGrath joins host Amy Guth to discuss the changing landscape of college ball, from the flood of NIL cash to the many roster moves it brings.

Plus: As Trump tariffs move from threat to reality, some Chicago industries brace for the impact; private-equity firm closes in on acquisition of Walgreens; GSA moves to close some SEC regional offices, including Chicago's; and NASCAR returns to Chicago with reduced concert lineup and ticket prices.

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03/04/25: The latest round of hospital layoffs

fsennett@crain.com (Frank Sennett) — Mon, 3 Mar 2025 22:51:04 +0000

Crain’s health care reporter Katherine Davis joins host Amy Guth to talk about the latest news from around the industry, including Kindred Hospitals laying off 150 workers as it shutters two facilities here and an additional $220 million in medical debt relief for Illinois residents.

Plus: Bally's Chicago IPO for women and minority investors hits a stumbling block; Europe poised to OK another use for AbbVie's Rinvoq as the drugmaker also enters obesity drug market with Danish company; Prime and Ascension close sale, establishing new major local hospital system; and lawmakers grill Chicago transit leaders as clock ticks toward funding cliff.

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02/28/25: The fine dining paradox many restaurants want to dodge

fsennett@crain.com (Frank Sennett) — Fri, 28 Feb 2025 20:17:14 +0000

With dining out becoming more costly, more customers are saving restaurant outings for special occasions. Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how some Chicago operators are taking steps to keep their establishments more accessible to diners.

Plus: Johnson turns to City Council ally to run Park District, Old Post Office developer pivoting from nearby office project amid loan crunch, Chicago Women in Trades files lawsuit challenging Trump's anti-DEI orders, and Mag Mile Harry Potter-themed store sets opening date.

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02/27/25: New inventory won't dispel Chicago's home price crunch

fsennett@crain.com (Frank Sennett) — Wed, 26 Feb 2025 22:34:44 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including insights from the latest monthly round of data.

Plus: Pritzker and Illinois Dems say the state is being shorted $1.9 billion by Trump administration, Johnson pushing CPS to cover disputed $175M pension payment, Durbin looks to give Ukrainians in U.S. temporary status and restaurants warn of potential $12 billion hit from Trump tariffs.

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02/26/25: What's at the top of Chicagoans' minds

fsennett@crain.com (Frank Sennett) — Tue, 25 Feb 2025 23:10:05 +0000

William Johnson, CEO of The Harris Poll, talks with host Amy Guth about recent survey data sentiment around health care, major federal spending cuts and other big issues.

Plus: Illinois plans sale of $725 million in bonds for capital budget; big lease secured for new logistics hub at former Allstate campus in Glenview; Joann to close all remaining stores, including 33 in Illinois; and craft distilleries look to change a law from 1934 as some fear the worst.

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02/25/25: Another setback for struggling West Suburban

fsennett@crain.com (Frank Sennett) — Mon, 24 Feb 2025 21:05:11 +0000

West Suburban Medical Center has been stripped of its resident training credentials after complaints. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Riverfront office tower value down $337 million since 2022, Trump administration and Musk take aim at Loop's Kluczynski and Metcalfe buildings, CME is targeting retail traders with micro corn and soy contracts and United Center owners buy more lots for 1901 Project.

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02/21/25: Here's how the pandemic still weighs on businesses

fsennett@crain.com (Frank Sennett) — Fri, 21 Feb 2025 23:21:40 +0000

In the five years since the onset of COVID-19, some businesses have returned to what looks like a pre-pandemic "normal" — though not all. Crain’s contributor Judith Crown talks with host Amy Guth about the pandemic's effects still weighing on Chicago in many ways. Plus: American Airlines makes a big move at O'Hare, large State Street retail property hits the market, highly vacant office building next to Old Post Office goes up for sale and Rivian reports big net loss in Q4 and issues sobering forecast. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

02/20/25: Could Illinois replace property taxes with income taxes?

fsennett@crain.com (Frank Sennett) — Wed, 19 Feb 2025 17:36:47 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a bill in Springfield that seeks to overhaul property taxes in Illinois. Plus: Discover and Capital One shareholders approve $35 billion merger; Apple closing Northbrook Court store; survey finds Chicago businesses plan hiring and office expansions in 2025; and Foxtrot reopening store at Milwaukee and Damen avenues. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

02/19/25: Lurie in holding pattern as federal funding case winds through courts

fsennett@crain.com (Frank Sennett) — Tue, 18 Feb 2025 23:02:11 +0000

Lurie Children's has paused gender-affirming surgeries following threats over funding. Crain’s health care reporter Katherine Davis discusses the latest with host Amy Guth. Plus: United Airlines turnaround pays off big for CEO Kirby and other execs, Moody's downgrades Walgreens outlook to negative, AbbVie gets FDA OK on antibiotic therapy that fights resistant bacteria and Aspen Institute climate conference coming to Chicago. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

02/14/25: The Madigan roller coaster, from beginning to end

fsennett@crain.com (Frank Sennett) — Fri, 14 Feb 2025 19:20:31 +0000

Crain’s political columnist Greg Hinz and host Amy Guth unpack the saga of former Illinois House Speaker Michael Madigan’s career, trial and verdict.

Plus: Mayor Johnson begins housecleaning with aviation, emergency management, police accountability chiefs; Civic Federation says state should extend sales tax to services; Deere shares fall on farm slump as tariffs threaten demand; and Ravinia Festival to undergo a $75 million renovation.

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02/13/25: Blockbuster Madigan corruption trial capped with guilty verdicts

fsennett@crain.com (Frank Sennett) — Wed, 12 Feb 2025 22:54:11 +0000

Crain's political columnist Greg Hinz and host Amy Guth recap the trial of former Illinois House Speaker Michael Madigan after his partial conviction on bribery conspiracy, bribery and wire fraud charges.

Plus: Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including a legislative agenda unveiled by Illinois Realtors aimed at easing the housing shortage; West Loop apartment tower sells for $94 million; Heartland Alliance Health shutters less than a year after parent breakup; and Northwestern, Kellogg School land $25 million for new institute.

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02/12/25: The shifting ground beneath grocery stores

fsennett@crain.com (Frank Sennett) — Tue, 11 Feb 2025 23:21:59 +0000

After the failed merger between Jewel and Mariano’s parent companies, and on news of Aldi’s plan to sell some Winn-Dixie and Harveys locations it bought last year, Crain's retail reporter Ally Marotti discusses the state of the changing grocery industry with host Amy Guth.

Plus: Judge orders Walgreens to pay nearly $1 billion in COVID test case, rent hikes loom in downtown Chicago as supply shrinks, Rod Blagojevich pardoned on corruption conviction by Trump and Chicago Sky inks exclusive deal with Weigel Broadcasting to show games on WCIU.

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02/11/25: Baxter CEO ends near decade-long run

fsennett@crain.com (Frank Sennett) — Mon, 10 Feb 2025 22:07:40 +0000

Crain’s health care reporter Katherine Davis discusses recent leadership moves at Baxter International and Howard Brown Health with host Amy Guth.

Plus: Pritzker takes aim at Team Trump over immigration — and Lake Illinois, McDonald's sales improve on stronger international results, Rivian broadens sales of plug-in van once exclusive to Amazon and Lurie Children's pauses gender-affirming surgeries following Trump administration threat.

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02/07/25: Bears, NFL lose the last link to their origins

fsennett@crain.com (Frank Sennett) — Fri, 7 Feb 2025 22:20:57 +0000

The death of the Chicago Bears' longtime matriarch Virginia McCaskey leaves behind questions about the future of the franchise. Crain’s contributor Dan McGrath discusses with host Amy Guth.

Plus: Trump DOJ accuses Pritzker, Johnson and other local Dems of defying immigration crackdown; Illinois revs up more EV incentives amid uncertain fate of federal rebates; judge declines to extend "swipe fee" injunction to credit card companies; and the publisher of the Chicago Daily Law Bulletin puts its longtime River North home up for sale.

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02/06/25: The peaks of Chicago's housing market in 2024

fsennett@crain.com (Frank Sennett) — Wed, 5 Feb 2025 23:12:51 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth talk news from the local market, including the 50 highest-priced home sales of 2024 and the neighborhoods and suburbs where home prices spiked last year.

Plus: United Airlines looks to add gates at O'Hare as it revs up more growth; Citadel nears deal to shrink, move Chicago office; feds launch new probe into Northwestern over alleged antisemitism on campus; and Mayor Brandon Johnson continues push for Bears lakefront stadium.

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02/05/25: The new point man of Chicago biz

fsennett@crain.com (Frank Sennett) — Tue, 4 Feb 2025 22:37:24 +0000

Michael Sacks has been named Crain's 2025 Executive of the Year. Reporter Mark Weinraub joins host Amy Guth to discuss how the civic leader and GCM Grosvenor CEO earned this year's honor.

Plus: Allstate going all in on auto, home businesses despite challenges from natural disasters; White House border deals with Canada and Mexico avert trade war for now; plans for Old Town tower shrink to gain alderman's support; cardiac drug developer co-founded by Feinberg's genetic medicine director raises $300 million; and Air Wisconsin laying off 200 O'Hare staff.

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02/04/2025: Feds tip their hand on abortion havens like Illinois

fsennett@crain.com (Frank Sennett) — Mon, 3 Feb 2025 21:06:02 +0000

The Trump administration’s moves to curb abortion spending spell trouble for Illinois, where local lawmakers have touted efforts to preserve access. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Tariffs on Canada and Mexico could hit Illinois hard; Cboe stock exchange to extend trading to 24 hours, 5 days a week; Baxter CEO abruptly retires; and local bakeries bakeries are feeling the impact of high egg prices and shortage from bird flu virus.

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01/31/25: Allstate lets go of another insurance arm

fsennett@crain.com (Frank Sennett) — Fri, 31 Jan 2025 22:20:05 +0000

Allstate is selling its group health business to Nationwide in a $1.25 billion cash deal. Crain’s insurance reporter Mark Weinraub talks about the deal, and Allstate’s recent rate increase, with host Amy Guth.

Plus: Google searching for tenants at revamped Thompson Center, Walgreens suspends quarterly dividend, CommonSpirit to expand DEI programs despite federal pushback and Ariel Investments launches fund focused on women's sports.

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01/30/25: Chicago home price growth widens its lead

fsennett@crain.com (Frank Sennett) — Wed, 29 Jan 2025 21:55:23 +0000

Home prices here just keep climbing. Crain’s residential real estate reporter Dennis Rodkin shares key takeaways from the latest data with host Amy Guth.

Plus: Insights from the Trump administration’s spending freeze and subsequent reversal from Crain’s reporter John Pletz, Advocate to close 55 clinics inside Walgreens, investors buy Wacker Drive office tower with plan for $30 million renovation and White House offers buyouts to federal employees resisting in-person work.

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01/29/25: Restaurants ready themselves for ICE

fsennett@crain.com (Frank Sennett) — Wed, 29 Jan 2025 00:44:37 +0000

The threat of the Trump administration’s immigration raids is looming large in Chicago’s dining scene, where immigrants comprise roughly 40% of the workforce. Crain’s restaurants reporter Ally Marotti discusses with host Amy Guth. And Crain’s reporter Jack Grieve talks about the number of immigration-related arrests by ICE in Chicago. Plus: Judge temporarily halts Trump’s federal funding freeze, another leasing win for AT&T's former campus, Banchet Awards winners honor excellence in Chicago's culinary scene and the battle over regulating intoxicating hemp moves to City Hall. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

1/28/25: Cuts coming to Planned Parenthood

fsennett@crain.com (Frank Sennett) — Mon, 27 Jan 2025 23:00:44 +0000

Planned Parenthood of Illinois is closing four clinics due to a financial shortfall stemming from rising patient volume and growing health care costs. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Crypto is shedding its stigma under Trump — and Chicago firms are ready; Gap plans State Street factory store; Radio Flyer closes Woodfield Mall store, its only brick-and-mortar location; and Ken Griffin taps Related to develop new Miami HQ.

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01/24/25: Already struggling booze biz dealt a new challenge

fsennett@crain.com (Frank Sennett) — Fri, 24 Jan 2025 22:38:30 +0000

The U.S. surgeon general advised earlier this month that alcohol is a leading preventable cause of cancer, presenting alcoholic beverage makers with a new hurdle. Crain's consumer products reporter Ally Marotti discusses with host Amy Guth.

Plus: Pritzker, Johnson, Emanuel blast Trump on DEI, immigration orders; Chicago schools to take $400M advance from revolving credit; AbbVie makes cancer and immunology pact with Neomorph; and former Groupon HQ sells for 83% less than 2018 price.

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01/23/25: Brokers, landlords hit with discrimination claims

fsennett@crain.com (Frank Sennett) — Wed, 22 Jan 2025 21:09:46 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the Chicago real estate brokers and landlords accused of discriminating against housing voucher holders.

Plus: Stellantis commits to restarting Belvidere and rehiring 1,500 workers, Allstate files for rate hike of 14.3% for Illinois homeowners, United sees profit rebound as airlines buck winter doldrums and suburban office vacancy begins the year at record-high 32%.

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01/22/25: Fight against opioid epidemic gains ground

fsennett@crain.com (Frank Sennett) — Tue, 21 Jan 2025 23:33:16 +0000

Chicago's efforts to fight opioid overdoses show early promise. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Gov. JB Pritzker says feds targeting 2,000 in Chicago for deportation as the threat of immigration raids stifles Little Village commerce, United Center owners snap up nearby lots as Near West Side mega-project takes shape, Pulaski Savings Bank closed by regulators due to "unsound" condition and proposed zoning changes could bring more density to Far North Side corridor.

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01/17/25: Chicago's movers and shakers in 2025

fsennett@crain.com (Frank Sennett) — Fri, 17 Jan 2025 22:12:03 +0000

Who’s who in Chicago? Crain’s editor Ann Dwyer talks with host Amy Guth about the list of local power players and how the latest rendition came together.

Plus: Northwestern posts surplus and near-record fundraising, Goose Island development site hits the market, investor pays $40 million for Lakeview apartments, FDA details unsanitary conditions at facility linked to McDonald's E. coli outbreak and mask rules are back at hospitals as respiratory illnesses climb.

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01/16/25: Want to live in MJ's old house for a week?

fsennett@crain.com (Frank Sennett) — Wed, 15 Jan 2025 21:48:56 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including the owner of Michael Jordan’s former home selling $1 million ownership shares, Mike Ditka landing a buyer for his Florida home as he moves back to Chicago and more.

Plus: RTA pitches Springfield on $1.5 billion revamp to save and even enhance service; S&P downgrades Chicago's credit rating, with pushback from the mayor; Walgreens closing five stores across South, West sides and the company’s CEO says its anti-shoplifting effort is hurting sales; and United Center owners reveal new details of planned 1901 Project.

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01/15/25: Illinois' top doc during COVID settles ethics snag

fsennett@crain.com (Frank Sennett) — Tue, 14 Jan 2025 23:12:35 +0000

Dr. Ngozi Ezike, the face of Illinois' response to the COVID-19 pandemic, admitted to an ethics violation for taking the CEO job at Sinai Chicago and will pay a $150,000 fine. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Startup investments still sluggish in Chicago, Publicis Groupe merges Leo Burnett and Publicis Worldwide to form new creative unit, NASCAR quietly lost a massive local sponsor of its Chicago race and Illinois attorney general pushes back on Walmart's plans to roll back DEI programs.

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01/14/25: Hemp bill creates political hangover for Pritzker

fsennett@crain.com (Frank Sennett) — Mon, 13 Jan 2025 20:44:54 +0000

Crain's cannabis reporter John Pletz talks with host Amy Guth about the hemp industry after a bill aimed at regulating it died in Springfield, dealing a political blow to Gov. JB Pritzker.

Plus: CTA chief Dorval Carter is stepping down, City Council vote planned to lower Chicago speed limit from 30 mph to 25 mph, new bill calls on U of I system to divest from fossil fuels and downtown office landlords start 2025 with new record-high vacancy.

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01/10/25: Illinois targets GLP-1 copycats

fsennett@crain.com (Frank Sennett) — Fri, 10 Jan 2025 22:00:28 +0000

The state attorney general has started cracking down on medical spas marketing unapproved versions of popular weight-loss drugs like Ozempic. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: CEO envisions a smaller, stronger Walgreens as store closures kick in; Jewel parent Albertsons raises profit guidance after dropping Kroger deal; Texas investor pays $148 million for Evanston apartments, a record for the burbs; and developer cashes out on Whole Foods warehouse in Pullman.

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01/09/25: An unusual suburban apartment boom

fsennett@crain.com (Frank Sennett) — Wed, 8 Jan 2025 19:19:32 +0000

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.

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01/08/25: Changing of the guard at Ulta

fsennett@crain.com (Frank Sennett) — Tue, 7 Jan 2025 23:30:56 +0000

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.

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01/07/25: Keep an eye on these new restaurants

fsennett@crain.com (Frank Sennett) — Mon, 6 Jan 2025 20:38:56 +0000

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.

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01/03/25: Illinois universities feeling the crunch

fsennett@crain.com (Frank Sennett) — Fri, 3 Jan 2025 21:53:57 +0000

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.

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12/20/24: What's next for Walgreens?

fsennett@crain.com (Frank Sennett) — Fri, 20 Dec 2024 22:15:45 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/19/24: Is there hope for longtime local home listings?

fsennett@crain.com (Frank Sennett) — Wed, 18 Dec 2024 23:39:20 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/18/24: Razor-thin budget vote showcases a fractured City Council

fsennett@crain.com (Frank Sennett) — Tue, 17 Dec 2024 23:49:45 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/17/24: St. Regis Chicago's decade-long saga

fsennett@crain.com (Frank Sennett) — Mon, 16 Dec 2024 23:27:43 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/16/24: Even in the business of meat, AI is making waves

fsennett@crain.com (Frank Sennett) — Fri, 13 Dec 2024 22:55:06 +0000

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.

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12/12/24: A late surge in homebuying in 2024

fsennett@crain.com (Frank Sennett) — Wed, 11 Dec 2024 22:23:34 +0000

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.

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12/11/24: Clock is ticking on Belvidere plant funding

fsennett@crain.com (Frank Sennett) — Tue, 10 Dec 2024 23:15:05 +0000

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.

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12/10/24: Rethinking a century-old candy bar

fsennett@crain.com (Frank Sennett) — Mon, 9 Dec 2024 20:34:46 +0000

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.

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12/09/24: UnitedHealthcare CEO murder puts insurance biz in crisis mode

fsennett@crain.com (Frank Sennett) — Fri, 6 Dec 2024 23:48:04 +0000

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.

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12/05/24: How Compass' deal for @properties Christie’s reshapes Chicago real estate

fsennett@crain.com (Frank Sennett) — Wed, 4 Dec 2024 22:38:17 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/04/24: Lessons learned after 5 years of legal cannabis sales

fsennett@crain.com (Frank Sennett) — Tue, 3 Dec 2024 23:14:52 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/03/24: VillageMD CEO leaves after failed Walgreens push

fsennett@crain.com (Frank Sennett) — Mon, 2 Dec 2024 22:25:34 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

12/02/24: Chicago's housing market isn't cooling off

fsennett@crain.com (Frank Sennett) — Wed, 27 Nov 2024 21:02:01 +0000

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.

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11/27/24: Transit in Chicago faces financial cliff

fsennett@crain.com (Frank Sennett) — Wed, 27 Nov 2024 14:32:13 +0000

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.

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11/26/24: New CEO of Cook County Health details plans for growth

fsennett@crain.com (Frank Sennett) — Mon, 25 Nov 2024 22:20:19 +0000

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.

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11/25/24: More taxes for booze on tap?

fsennett@crain.com (Frank Sennett) — Fri, 22 Nov 2024 22:09:37 +0000

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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11/21/24: Rare anti-gentrification measure stalls

fsennett@crain.com (Frank Sennett) — Wed, 20 Nov 2024 22:57:15 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth chat about news from the local housing market, including the city’s delay on enforcing a new anti-gentrification ordinance.

Plus: S&P warns it may downgrade Chicago's credit rating amid budget fight, Sam Zell estate puts riverfront office building up for sale, boaters will finally be able to dock at Navy Pier next year and CBRE nearing deal for new Chicago office.

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11/20/24: Fire forging ahead on new stadium

fsennett@crain.com (Frank Sennett) — Tue, 19 Nov 2024 22:45:46 +0000

Chicago Fire FC owner Joe Mansueto is on the verge of a deal for a new downtown stadium site. Crain’s commercial real estate reporter Danny Ecker and host Amy Guth discuss where the club is looking and other Chicago sports teams in search of new homes.

Plus: Friends of the Parks takes aim at South Works quantum plan, ADM restates earnings in latest step to fix accounting issues, a vintage Gold Coast apartment tower trades for $26 million and Chicago hotel owners take issue with Cook County Assessor Fritz Kaegi’s valuations.

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11/19/24: The fight to make the Midwest a wine destination

fsennett@crain.com (Frank Sennett) — Mon, 18 Nov 2024 21:40:03 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about Midwestern wine production and one maker's mission to boost its popularity.

Plus: UI Health nurses end strike and agree to tentative contract, Ragu sauce maker moving HQ to Schaumburg, Chicago Fed chief Austan Goolsbee says "rates will be a lot lower" in 12 to 18 months and law firm nears deal for move to Wacker Drive.

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11/18/24: After tearing up tax hike, a fight to find $300M in City Hall

fsennett@crain.com (Frank Sennett) — Fri, 15 Nov 2024 21:12:06 +0000

The City Council unanimously rejected Mayor Brandon Johnson’s proposed $300 million property tax hike. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the unprecedented action and the work ahead to balance the city’s budget.

Plus: Loop landlords pitch taxing themselves to boost ailing downtown, more hospitalizations and infections reported in E. coli outbreak linked to slivered onions served by McDonald’s, Chicago Sports Network launches direct-to-consumer streaming and Illinois begins canceling medical debt for residents.

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11/14/24: Marred by scandal, Realtors rebuild policies

fsennett@crain.com (Frank Sennett) — Wed, 13 Nov 2024 20:25:47 +0000

Crain’s residential real estate reporter Dennis Rodkin discusses news from the local housing market with host Amy Guth, including the National Association of Realtors’ new standards for conduct after last year's sexual harassment scandal.

Plus: Grubhub sold at steep discount from its peak during the pandemic, UI Health nurses begin open-ended strike, Art Institute of Chicago taps Eric Lefkofsky as board chair and just one Chicagoan made a list of the 100 most powerful people in business.

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11/13/24: Bears ponder shifting stadium plans

fsennett@crain.com (Frank Sennett) — Tue, 12 Nov 2024 20:56:26 +0000

The Bears are reconsidering the former Michael Reese hospital site for a new stadium. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: A West Loop office developer defies ugly market with new debt, Pitchfork Music Festival’s Chicago exit, the city’s largest accounting firms see decreasing headcounts among major players and why Chicago's in the race to be a leader in eco-friendly jet fuel.

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11/12/24: New health insurance landscape in Illinois

fsennett@crain.com (Frank Sennett) — Mon, 11 Nov 2024 22:15:40 +0000

With open enrollment underway, Illinois' insurance agency is in the midst of establishing a state-based health insurance exchange it says could help fill coverage gaps and lower plan costs. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Vizient bulks up at Old Post Office while Uber shrinks, Portillo's appears to be heeding its activist investor's advice, AbbVie tumbles after new schizophrenia drug fails trials, Baxter cuts guidance on hurricane-related plant shutdown and a mixed-income apartment tower trades for $55 million in Lincoln Park.

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11/11/24: What Kaegi's Loop reassessment reveals

fsennett@crain.com (Frank Sennett) — Fri, 8 Nov 2024 22:10:29 +0000

Cook County assessor Fritz Kaegi reassesses the Loop, completing the city assessment cycle. Danny Ecker discusses with host Amy Guth.

Plus: A majority of City Council wants to vote down $300 million property tax hike, the Fed cuts interest rates for 2nd-straight meeting to support economy, LaSalle Street redevelopment set for $98 million TIF subsidy and Lincoln Square residents vote to end century-old booze ban.

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11/07/24: Harsh implications for Johnson, Pritzker after election

fsennett@crain.com (Frank Sennett) — Wed, 6 Nov 2024 22:37:26 +0000

Crain’s political columnist Greg Hinz joins host Amy Guth to analyze election results and what they likely mean for Chicago and Illinois.

Plus: Crain’s residential real estate reporter Dennis Rodkin discusses local housing market news, Walgreens agrees to pay $100 million to settle drug overcharging claims, Discover brings on new legal chief amid Capital One merger review, NielsenIQ considers an IPO at a valuation close to $10 billion and cannabis stocks wilt after Florida legalization fails.

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11/06/24: Banks try to head off Illinois swipe fee change

fsennett@crain.com (Frank Sennett) — Tue, 5 Nov 2024 22:53:12 +0000

A lawsuit from the banking industry argues an Illinois credit card swipe fee law interferes with a federal law granting banks leeway on the charges they issue. Crain’s finance reporter Mark Weinraub discusses the case with host Amy Guth.

Plus: Choose Chicago eyes extra downtown hotel charge to boost budget, Tempus buying genetics lab company for $600 million, organizers say out-of-towners flocked to Lolla and boosted Chicago's gains this year and court documents claim Motorola was hacked by Chinese military.

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11/05/24: What went wrong at True Value

fsennett@crain.com (Frank Sennett) — Mon, 4 Nov 2024 21:45:11 +0000

Crain's retail reporter Ally Marotti joins host Amy Guth to discuss how Chicago hardware retailer True Value went bankrupt.

Plus: Brandon Johnson says he was in the dark on CPS board pick's comments because of a vetting "gap," riverfront office tower owner hit with one of the city’s biggest foreclosure suits ever, Shore Capital in talks over $8.6 billion pet-care deal, child care has gotten more affordable in Chicago and United eyes record year as traders pile back into airline stocks.

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11/04/24: The next budget riddle Johnson must solve

fsennett@crain.com (Frank Sennett) — Fri, 1 Nov 2024 22:25:28 +0000

With the mayor's $17.3 billion budget unveiled, Crain’s politics reporter Justin Laurence and host Amy Guth break down its contents and challenges he will face getting it through the City Council.

Plus: Google reveals plans for revamped Thompson Center atrium, Chicago school board president resigns at Johnson's request, Cubs and feds settle Wrigley Field accessibility lawsuit and a sign development site prices may be tipping downward in Fulton Market.

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10/31/24: Chicago homebuyers feeling the affordability crunch

fsennett@crain.com (Frank Sennett) — Wed, 30 Oct 2024 22:33:21 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to read the tea leaves in the latest batch of Chicago housing market data.

Plus: Mayor Brandon Johnson proposes $17.3 billion budget with $300 million property tax hike, city panel OKs signage changes for Mag Mile and State Street, new study finds Peoples Gas pipeline program to cost another $12.8 billion and AbbVie lifts profit outlook as anti-inflammatory drugs Rinvoq and Skyrizi beat estimates

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10/30/24: Buzzer-beater for Hawks, Bulls streaming deal

fsennett@crain.com (Frank Sennett) — Tue, 29 Oct 2024 22:23:54 +0000

Crain's media reporter Pawan Naidu joins host Amy Guth to discuss Chicago Sports Network’s deal with streaming service Fubo.

Plus: Walgreens lays off 250 workers in latest round of cuts; Boeing raises $21 billion in capital to repair balance sheet; Stephanie Izard and Boka are planning a Northern California restaurant; community activists aren't sold on quantum park's promises just yet; and Pepsi closes South Side plant without warning, leaving at least 79 workers without jobs.

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10/29/24: High stakes for McDonald's in E. coli response

fsennett@crain.com (Frank Sennett) — Mon, 28 Oct 2024 22:06:41 +0000

Crain’s restaurants reporter Brandon Dupré talks with host Amy Guth about McDonald’s race to contain fallout from the recent E. coli outbreak.

Plus: New CPS board president won't say if board will fire CEO, massive Wacker Drive tenant isn't cutting back on office space, Ascension and Prime delay review for $375M hospital sale and New York antitrust probe could slow down Capital One-Discover deal.

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10/28/24: In Chicago's budget crisis, where does public health fit?

fsennett@crain.com (Frank Sennett) — Fri, 25 Oct 2024 21:46:41 +0000

Advocates are pushing for Mayor Brandon Johnson to put millions more into Chicago's public health efforts. A $1 billion budget shortfall and fiscal cliff at CDPH complicate matters. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: CTU wants Pritzker to take another stab at the graduated income tax, serious injuries show dangers at Rivian's factory, True Value weighs laying off almost half its workforce as company seeks sale, Google opening its first Midwest store in Oakbrook Center and Northwestern establishes Alzheimer's research hub with $25M gift from Mills family members.

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10/24/24: Lightning-quick penthouse sale for Ken Griffin

fsennett@crain.com (Frank Sennett) — Wed, 23 Oct 2024 22:10:13 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including another Ken Griffin property sale, Hinsdale’s anti-teardown program and more.

Plus: City Council approves $1.5 billion bond plan to refinance debt as budget deficit looms, Walgreens is moving on from VillageMD, Vistria Group to convert California apartment complex into affordable housing and DePaul gets $2.6 million donation to create a new business tech institute.

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10/23/24: Restaurant owners fight a century-old booze ban

fsennett@crain.com (Frank Sennett) — Tue, 22 Oct 2024 21:31:46 +0000

One restaurant in Lincoln Square is leading the charge to end a three-block dry zone. Crain’s restaurants reporter Ally Marotti talks with host Amy Guth about the push to end an ordinance that predates Prohibition.

Plus: Mayor Brandon Johnson loses top education adviser amid the upheaval at the Chicago Board of Education, Huntington Bank is closing six of its Chicago-area branches, Canada’s Manulife Financial is looking to cash out of the 409-unit Hancock Square apartments in Arlington Heights, and the city will end its migrant shelter system by the end of the year.

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10/22/24: Walgreens' rocky road amid new CEO's vision

fsennett@crain.com (Frank Sennett) — Mon, 21 Oct 2024 18:46:11 +0000

Walgreens is closing stores and bleeding cash, but the new CEO insists the company is hitting long-term marks. Crain’s health care reporter Katherine Davis talks about the Deerfield-based company with host Amy Guth. Plus: Sterling Bay puts bioscience center near Lincoln Yards up for sale, Boeing union presents new proposal that would end strike to members, Gold Coast apartment building trades for $85 million and a lawsuit alleges Moderna appropriated Northwestern research for its COVID vaccine. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/21/24: U of I scraps South Loop research facility plan

fsennett@crain.com (Frank Sennett) — Fri, 18 Oct 2024 22:10:19 +0000

The University of Illinois is pulling the plug on its Discovery Partners Institute at The 78. Crain’s reporters Danny Ecker and John Pletz discuss with host Amy Guth.

Plus: United ignites surge in airline stocks, JB and MK Pritzker gave $5.6 million to put on DNC, feds begin airlifting Baxter medical supplies to curb shortage and Chicago-area grocery stores now have DMV kiosks.

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10/17/24: How Chicago possibly boxed itself out of housing support

fsennett@crain.com (Frank Sennett) — Wed, 16 Oct 2024 22:09:57 +0000

City Hall may have disqualified itself from getting millions in federal housing dollars. Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth news to discuss that and other news from the market.

Plus: Abbott Labs board OKs $7 billion stock buyback program, United rebounds from price-cut pressure and authorizes $1.5 billion share buyback, Boeing judge seeks more information before plea deal ruling and after three slow years, dealmakers expect to see plenty of M&A action in 2025.

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10/16/24: Hospitals feeling supply crunch

fsennett@crain.com (Frank Sennett) — Tue, 15 Oct 2024 19:17:14 +0000

Crain’s health care reporters Katherine Davis and Jon Asplund talk with host Amy Guth about how Chicago-area hospitals are coping with dwindling supply levels of IV fluid after Hurricane Helene halted production at a North Carolina Baxter plant.

Plus: Walgreens is closing stores and bleeding cash, but new CEO insists it's hitting long-term marks; Blue Cross antitrust lawsuit reaches $2.8B tentative settlement; True Value files for bankruptcy to sell itself to rival Do It Best; and Adams Street raises $1.2 billion for venture investments.

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10/15/24: You can taste the exclusivity here

fsennett@crain.com (Frank Sennett) — Mon, 14 Oct 2024 22:04:59 +0000

The members-only Astor Club now touts its own Michelin-starred chef. Crain's restaurants reporter Ally Marotti discusses the reimagining of the former Maxim’s space with host Amy Guth.

Plus: Boeing to cut workforce by 10% as strike eats into reserves, former Loretto CEO indicted on corruption and embezzlement charges, distressed Rosemont office complex hits the market and Chicago Fed chief praises progress on inflation and labor market.

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10/14/24: Martinez's gambit to fund CPS

fsennett@crain.com (Frank Sennett) — Fri, 11 Oct 2024 21:20:13 +0000

Crain’s politics reporter Justin Laurence talks with host Amy Guth on Pedro Martinez, who's locked in a power struggle with Mayor Brandon Johnson, and his strategy banking on a TIF surplus to balance the CPS budget, which has drawn skepticism from the City Council.

Plus: Pritzker calls on Stellantis to get moving on Belvidere reopening, Chicago hospitals cope with dwindling supply of IV fluid, JLL unit cashes out of West Loop apartments for $76 million, Don Wilson's crypto unit hit with SEC charges over $2 billion in trades and United adding international flights as leisure travel demand grows.

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10/10/24: A piece of Chicago history gets revamped

fsennett@crain.com (Frank Sennett) — Wed, 9 Oct 2024 21:56:49 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a new look for a famous cottage that endured the Great Chicago Fire, Harold Washington’s childhood home going up for sale and two suburbs where the record home price just went up.

Plus: Mayor Johnson asks department heads to model layoff scenarios in bid to close the city’s budget gap; Lurie ranked No. 1 pediatric hospital in Illinois, among top 10 in the U.S.; lender looks to unload distressed Rolling Meadows office complex; and President Biden announces plan to fast-track lead pipe replacement in the U.S.

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10/09/24: Japanese medtech expanding in Chicago

fsennett@crain.com (Frank Sennett) — Tue, 8 Oct 2024 21:20:18 +0000

Crain’s health care reporter Katherine Davis joins host Amy Guth to talk about the medical device subsidiary of a Japanese company expanding its operations here with a $20 million commitment and promise to hire 100 more workers.

Plus: City Council members push back as Johnson appoints new CPS board, McDonald's alleges major beef companies fixed prices in new lawsuit, Shore Capital raises $1.9 billion for three investment funds and a Rivian misstep triggered the parts shortage that's hobbling its EV output.

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10/08/24: Sheer scale of South Works quantum megaproject sets in

fsennett@crain.com (Frank Sennett) — Mon, 7 Oct 2024 22:03:31 +0000

Plans for the quantum campus in South Chicago reveal a site more than four times bigger than Lincoln Yards. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about the site and its potential impact.

Plus: Chicago Mayor Brandon Johnson unveils picks to replace school board after mass resignation, Rivian seeking federal loan to restart Georgia EV plant project, Stellantis sues UAW to stop strike over plant investments and Walgreens to pay $80 million in Baltimore opioid settlement.

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10/07/24: A $14M phony COVID test scheme

fsennett@crain.com (Frank Sennett) — Fri, 4 Oct 2024 21:35:41 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about the owner of a Chicago COVID testing lab’s guilty plea over a $14 million fraud scheme and the biotech startup out of Northwestern that just landed new funding.

Plus: Pritzker leading trade mission to Japan, Metra considers expanding service from Union Station to O'Hare, Walgreens to launch student loan 401(k) match program and a Harry Potter concept and Spanish fashion chain coming to the Mag Mile.

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10/03/24: Chicago's second-biggest home sale in 2024

fsennett@crain.com (Frank Sennett) — Wed, 2 Oct 2024 21:59:20 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a Lincoln Park mansion sale marking the second-highest price in the city so far this year.

Plus: State Farm braces for losses from Hurricane Helene, Boeing weighs raising at least $10 billion selling stock, local venture pays $93 million for Fulton Market apartments and University of Chicago's business school gets $60 million donation.

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10/02/24: Flipping the gentrification script

fsennett@crain.com (Frank Sennett) — Tue, 1 Oct 2024 21:57:59 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about an anti-gentrification ordinance giving rare power to tenants over building sales.

Plus: Byline Bank and Wirtz family's First Security announce merger, judge rebuffs citizen lawsuit against Gotion plant but leaves door open, Alinea Group co-owner Nick Kokonas sells ownership stake and United Airlines approaches 20-year high at O'Hare.

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10/01/24: Crime in Chicago is down. Why doesn't it feel that way?

fsennett@crain.com (Frank Sennett) — Mon, 30 Sep 2024 21:08:46 +0000

Data indicates crime rates are down. Crain’s contributor Steve Hendershot talks with host Amy Guth about why it might not feel that way.

Plus: Some of United's 737s had rudders at risk of jamming, safety board warns; contract pharma manufacturer putting $146 million into big expansion in Rockford; Illinois computer science programs are enrolling far more women; and Amtrak's Chicago to Miami route is just one big construction detour.

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09/30/24: Not everyone heeded South Beach's siren song

fsennett@crain.com (Frank Sennett) — Fri, 27 Sep 2024 21:40:50 +0000

Chicago’s pandemic exodus was a thing, but not as much as it first seemed. Crain’s reporter John Pletz tells host Amy Guth how IRS data shows there’s a lot more to the story.

Plus: Millionaire's tax could reportedly raise $4.5 billion for property tax relief, Michael Sacks and Richard Price leave World Business Chicago board, UChicago gets anonymous $100 million donation to support free speech and Dick Durbin ramps up pressure on airlines' frequent-flyer programs.

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09/26/24: Housing stock tightening in the city

fsennett@crain.com (Frank Sennett) — Wed, 25 Sep 2024 21:07:05 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including his four insights from the latest Chicago housing data.

Plus: Real estate pros survey suggests alternative ideas to spending $1 billion of public money on stadiums; Rivian launches pre-owned vehicle sales, joining Tesla in growing used EV market; U of I lands $10 million donation for new science center and, with the state, names quantum-research park board of directors; and the Chicago Marathon touts record-breaking $547 million economic impact for 2023 race.

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09/25/24: Walgreens chairman watches fortune shrink

fsennett@crain.com (Frank Sennett) — Tue, 24 Sep 2024 20:01:53 +0000

As Walgreens flounders, so does the fortune of its top stakeholder, Stefano Pessina. Crain’s health care reporter Katherine Davis talks about the pharmacy giant's struggles with host Amy Guth.

Plus: Boeing union balks at sweetened pay offer to workers, Trump vows to hit Deere with tariffs if jobs move to Mexico, landlords have reason to be optimistic even as downtown apartment rents have flattened out and how much money you need to be a middle-class Chicagoan.

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09/24/24: South, West Side grocer tries to salvage reputation

fsennett@crain.com (Frank Sennett) — Mon, 23 Sep 2024 21:33:32 +0000

Three years after it took over a handful of run-down Save A Lots on the South and West sides, grocery operator Yellow Banana has opened its first renovated store. Crain's retail reporter Ally Marotti talks about the West Garfield Park opening and the branding headwinds facing the company.

Plus: White House picks Monroe Capital to develop $1 billion fund for auto suppliers, Caterpillar joins Ford and Lowe's in diversity rethink as backlash grows, private-equity firms see growing profitability in affordable housing, and Bulls and Blackhawks eliminating plastic bottles for upcoming seasons.

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09/23/24: Dealmakers won't start buzzing here just yet

fsennett@crain.com (Frank Sennett) — Fri, 20 Sep 2024 20:24:29 +0000

With the Federal Reserve lowering interest rates by a half percentage point, Crain’s finance reporter Mark Weinraub talks with host Amy Guth about the local implications of the move.

Plus: Amazon closing Goose Island fulfillment center, one of the first it opened in Chicago; electronic trading firm set to leave LaSalle Street for West Loop; Boeing girds for long strike as gig economy gives workers clout; and Tavern on Rush sets the opening date for its new location.

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09/19/24: An end to 12-year Michael Jordan mansion saga

fsennett@crain.com (Frank Sennett) — Wed, 18 Sep 2024 21:20:33 +0000

Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth about news from the local market, including Michael Jordan’s mansion going under contract after sitting on the shelf since 2012.

Plus: United Center owners detail apartments, hotel vision for 1901 Project; Florida firm nears discount deal for distressed Loop office tower; North Shore Tesla facility trades hands for almost $30 million; O'Hare and Midway slip in the latest J.D. Power rankings; and Chicago biotech incubator tapped by feds as health care accelerator hub.

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09/18/24: How food halls survive with far fewer mouths to feed

fsennett@crain.com (Frank Sennett) — Tue, 17 Sep 2024 19:37:54 +0000

Chicago's food halls have entered a new era. Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the post-pandemic business model.

Plus: Michael Jordan’s mansion finally lands a buyer, Boeing freezes hiring and mulls furloughs after workers strike, property insurance rates fall for first time since 2017 and Outcome Health founder Rishi Shah will remain free on bail during appeal.

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09/17/24: DEI tries to go under the radar

fsennett@crain.com (Frank Sennett) — Mon, 16 Sep 2024 19:33:23 +0000

Big financial institutions are rethinking their approach to diversity. Crain’s finance reporter Mark Weinraub talks with host Amy Guth about the backlash against DEI initiatives and possible implications for the industry's talent pipeline.

Plus: Walgreens pays $107 million over prescription billing fraud claims; EPA knocks ADM for leaking 8,000 metric tons of CO2 underground; with contract attorneys on the rise, staffing firm Latitude opens Chicago office; and a developer proposes 243-unit condo project in Fulton Market.

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09/16/24: After downfall, Foxtrot rebuilds in its hometown

fsennett@crain.com (Frank Sennett) — Fri, 13 Sep 2024 21:58:45 +0000

Crain's restaurants and retail reporter Ally Marotti talks with host Amy Guth about Foxtrot’s return to Chicago and Lettuce Entertain You’s expansion to the suburbs.

Plus: United bets on SpaceX for faster, free Wi-Fi; Big Four accounting firm PwC laying off 1,800 employees; appeals court tosses out $564M verdict against BMO Harris; and Wacker Drive landlord nears massive anchor tenant deal, inks Capital One extension.

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09/12/24: How homeownership was used to establish 'whiteness'

fsennett@crain.com (Frank Sennett) — Wed, 11 Sep 2024 21:57:37 +0000

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth recap news from the local market, including a UChicago professor's look at how housing shaped race in the 20th century, and a mansion built by the father of modern advertising that’s on market for the first time since the early 1990s.

Plus: Michelin adds three Chicago restaurants to its guide; McDonald's rolls out kiosks that take cash, pushing diners away from cashiers; Southwest Airlines cuts more flights at O'Hare, with its chair set to step down amid Elliott battle; Deere pays SEC nearly $10 million to resolve overseas bribery case; and airlines may soon face cash penalties for delayed flights.

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09/11/24: Johnson staffers exit amid shuffle, hiring freeze

fsennett@crain.com (Frank Sennett) — Tue, 10 Sep 2024 21:40:52 +0000

As Mayor Brandon Johnson halts citywide hires and reorganizes his staff, the Fifth Floor's chief City Council liaison and two of her staff hand in their resignations. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: The Art Institute of Chicago receives one of its largest donations ever; TransUnion fined by SEC for whistleblower violation; steel-conduit plant to close, eliminating 237 jobs on the Southwest Side; and Deloitte survey finds half of all women in the U.S. skip the doctor's office.

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09/10/24: Who's already jumping into Chicago's quantum tech pool?

fsennett@crain.com (Frank Sennett) — Mon, 9 Sep 2024 19:00:40 +0000

As Illinois puts up a half-billion dollars in its bid to make Chicago a world capital for quantum computing, Crain's technology reporter John Pletz joins host Amy Guth to look at some local players in the emerging space.

Plus: South suburban towns get crushed by the weight of heavy property taxes; big South Loop apartment development up for sale; Southern Illinois University Carbondale sees enrollment gains, bucking trends; and target for the O'Hare terminal revamp quietly slips to 2034.

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09/09/24: A property tax relief proposal from Kaegi

fsennett@crain.com (Frank Sennett) — Fri, 6 Sep 2024 21:37:35 +0000

Cook County Assessor Fritz Kaegi is calling for a property tax bailout for low-income homeowners. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Bears CEO on stadium pitch, big Schaumburg shopping center trades for $93 million, Edelman adds Nikki Haley to public affairs division and feds are probing big airlines' loyalty programs.

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09/05/24: Realtors' court battle isn't over yet

fsennett@crain.com (Frank Sennett) — Wed, 4 Sep 2024 20:14:05 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news form the local market, including the National Association of Realtors saying it will take its fight with the Department of Justice to the U.S. Supreme Court.

Plus: Molson Coors joins Ford, Deere and Harley in nixing DEI goals; Blue Cross parent tries to simplify health plans with no deductible, no coinsurance option; city of Chicago's LaSalle Street landlord surrenders building to lender; and in Ravinia v. Ravinia, both sides bury the hatchet — and the brewery name.

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09/04/24: Chicago faces serious belt tightening next year

fsennett@crain.com (Frank Sennett) — Tue, 3 Sep 2024 21:47:23 +0000

To plug a nearly billion-dollar budget gap, Mayor Brandon Johnson may reverse his campaign pledge on property taxes. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the options on the table for the city. Plus: Foxtrot is reopening its first Chicago store this week, DNC week proved "solid" for downtown hotels, rival buying Kroger-Albertsons stores got "worst chains" like Mariano's and NASCAR says it will return to Grant Park in 2025, but stays noncommittal on 2026. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/03/24: DNC was feast or famine for restaurants

fsennett@crain.com (Frank Sennett) — Fri, 30 Aug 2024 21:15:13 +0000

How did Chicago's dining scene fare during the Democratic National Convention? Depends who you ask. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Shareholder suit claims Walgreens leadership covered up poor pharmacy numbers, Ulta Beauty cuts sales outlook on slowing demand, Harry Caray's most famous line is the focus of a new trademark lawsuit and Northwestern University taps new athletic director.

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08/29/24: Hot stretch for Chicago housing market

fsennett@crain.com (Frank Sennett) — Wed, 28 Aug 2024 20:52:35 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about his latest takeaways from new market data.

Plus: Fed minutes show Chicago and New York chiefs favored a July discount rate cut, exec affirms in merger hearing Kroger hiked milk and egg prices above inflation, another major drug distributor drops AbbVie's Humira and Revival Food Hall gets a new name with more breakfast and a bigger happy hour.

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08/28/24: Restaurants' tool to reduce sticker shock

fsennett@crain.com (Frank Sennett) — Tue, 27 Aug 2024 19:59:28 +0000

Neighborhood restaurant owners are trying a new approach to the wine list to win back diners burned by the rising cost of eating out. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: The IT meltdown that idled auto dealers this summer didn't leak data, software maker says; DEA delays cannabis rescheduling until after election to hold hearing; Rothschild plans to close Chicago office and relocate staff to New York; and two longtime partners at Pritzker venture fund leave to launch their own.

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08/27/24: Illinois at center of one of Dems' linchpin strategies

fsennett@crain.com (Frank Sennett) — Mon, 26 Aug 2024 17:32:57 +0000

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.

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08/26/24: The fun part's over for Democrats

fsennett@crain.com (Frank Sennett) — Fri, 23 Aug 2024 21:14:54 +0000

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.

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08/22/24: Pritzker gets his prime-time limelight

fsennett@crain.com (Frank Sennett) — Wed, 21 Aug 2024 22:34:13 +0000

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.

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08/21/24: Rush points to health inequity during DNC

fsennett@crain.com (Frank Sennett) — Tue, 20 Aug 2024 21:20:56 +0000

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.

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08/20/24: Johnson ally sows confusion with DNC parties

fsennett@crain.com (Frank Sennett) — Mon, 19 Aug 2024 19:18:49 +0000

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.

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08/19/24: Mars growing its domain in the snack aisle

fsennett@crain.com (Frank Sennett) — Fri, 16 Aug 2024 20:31:52 +0000

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.

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08/15/24: The absolute top shelf of homes on the Chicago market

fsennett@crain.com (Frank Sennett) — Wed, 14 Aug 2024 20:47:54 +0000

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.

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08/14/24: Chicago family keeps buying slices of Mackinac Island

fsennett@crain.com (Frank Sennett) — Tue, 13 Aug 2024 18:58:51 +0000

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.

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08/13/24: Johnson's 'Treatment Not Trauma' health plan so far

fsennett@crain.com (Frank Sennett) — Mon, 12 Aug 2024 21:34:26 +0000

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.

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08/12/24: Johnson has an even bigger budget hole to plug

fsennett@crain.com (Frank Sennett) — Fri, 9 Aug 2024 21:10:24 +0000

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.

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08/08/24: The priciest time to go house shopping, ever

fsennett@crain.com (Frank Sennett) — Wed, 7 Aug 2024 21:03:06 +0000

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.

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08/07/24: What CVS' health play has that Walgreens' doesn't

fsennett@crain.com (Frank Sennett) — Tue, 6 Aug 2024 22:02:50 +0000

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.

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08/06/24: New dining spots popping up around Millennium Park

fsennett@crain.com (Frank Sennett) — Mon, 5 Aug 2024 22:03:49 +0000

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.

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08/05/24: Are fancy new stadiums worth the burden?

fsennett@crain.com (Frank Sennett) — Fri, 2 Aug 2024 22:06:52 +0000

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.

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08/01/24: Want to live in a Mies on Lake Shore?

fsennett@crain.com (Frank Sennett) — Wed, 31 Jul 2024 17:33:20 +0000

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.

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07/31/24: Scoping out 7 new dining spots

fsennett@crain.com (Frank Sennett) — Tue, 30 Jul 2024 22:22:10 +0000

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.

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07/30/24: Lead-up to the DNC

fsennett@crain.com (Frank Sennett) — Mon, 29 Jul 2024 20:58:33 +0000

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.

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07/29/24: A white whale project for the South Side

fsennett@crain.com (Frank Sennett) — Fri, 26 Jul 2024 21:07:54 +0000

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."

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07/25/24: A Prairie-style gem in Brookfield

fsennett@crain.com (Frank Sennett) — Wed, 24 Jul 2024 21:07:39 +0000

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.

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07/24/24: Wirtzes, Reinsdorfs reveal West Side megadevelopment

fsennett@crain.com (Frank Sennett) — Tue, 23 Jul 2024 21:31:53 +0000

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.

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07/23/24: What Biden's exit means for upcoming Chicago DNC

fsennett@crain.com (Frank Sennett) — Mon, 22 Jul 2024 21:24:33 +0000

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.

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07/22/24: Analyzing the RNC and looking at the campaign ahead

fsennett@crain.com (Frank Sennett) — Fri, 19 Jul 2024 21:57:33 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/18/24: Checking in on Chicago's 3 megaprojects

fsennett@crain.com (Frank Sennett) — Wed, 17 Jul 2024 18:52:14 +0000

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.

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07/17/24: The GOP convention's first days

fsennett@crain.com (Frank Sennett) — Tue, 16 Jul 2024 21:01:11 +0000

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.

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07/16/24: Pols denounce political violence in face of Trump shooting

fsennett@crain.com (Frank Sennett) — Mon, 15 Jul 2024 21:08:14 +0000

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.

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07/15/24: How the real chefs behind 'The Bear' do it

fsennett@crain.com (Frank Sennett) — Fri, 12 Jul 2024 21:59:50 +0000

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.

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07/11/24: The most bang for first-time homebuyers' buck

fsennett@crain.com (Frank Sennett) — Wed, 10 Jul 2024 20:53:04 +0000

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.

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07/10/24: Car dealers in the dark for weeks

fsennett@crain.com (Frank Sennett) — Tue, 9 Jul 2024 22:44:29 +0000

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.

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07/09/24: How Dom's went under

fsennett@crain.com (Frank Sennett) — Mon, 8 Jul 2024 18:37:10 +0000

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.

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07/08/24: Top-crust home sales defy the market

fsennett@crain.com (Frank Sennett) — Wed, 3 Jul 2024 21:25:51 +0000

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.

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07/03/24: Rougher waters ahead for Walgreens

fsennett@crain.com (Frank Sennett) — Tue, 2 Jul 2024 22:15:31 +0000

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.

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07/02/24: City ponders new taxes

fsennett@crain.com (Frank Sennett) — Mon, 1 Jul 2024 20:05:10 +0000

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.

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07/01/24: The strange, fraudulent tale of Outcome Health

fsennett@crain.com (Frank Sennett) — Fri, 28 Jun 2024 19:14:46 +0000

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.

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06/27/24: New high marks for Chicago's housing market

fsennett@crain.com (Frank Sennett) — Wed, 26 Jun 2024 21:43:33 +0000

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.

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06/26/24: Illinois' place in a post-Roe U.S.

fsennett@crain.com (Frank Sennett) — Tue, 25 Jun 2024 22:12:22 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/25/24: Johnson takes on a City Council tradition

fsennett@crain.com (Frank Sennett) — Mon, 24 Jun 2024 22:10:01 +0000

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.

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06/24/24: New owner's plans for Oberweis

fsennett@crain.com (Frank Sennett) — Fri, 21 Jun 2024 19:13:26 +0000

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.

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06/20/24: Wrigleyville neighbors try to stop apartment project

fsennett@crain.com (Frank Sennett) — Wed, 19 Jun 2024 22:45:22 +0000

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.

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06/19/24: Infamous Chicago Spire hole gets filled

fsennett@crain.com (Frank Sennett) — Tue, 18 Jun 2024 21:23:53 +0000

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.

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06/18/24: Growing the violence prevention network

fsennett@crain.com (Frank Sennett) — Mon, 17 Jun 2024 20:33:35 +0000

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."

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06/17/24: A side effect of abortion restrictions

fsennett@crain.com (Frank Sennett) — Fri, 14 Jun 2024 20:30:32 +0000

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.

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06/13/24: Frank Lloyd Wright home to be restored

fsennett@crain.com (Frank Sennett) — Wed, 12 Jun 2024 22:13:21 +0000

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.

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06/12/24: Medical debt burden exposes inequity

fsennett@crain.com (Frank Sennett) — Tue, 11 Jun 2024 22:00:12 +0000

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.

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6/11/24: Northwestern's problem in D.C. gets more serious

fsennett@crain.com (Frank Sennett) — Mon, 10 Jun 2024 19:26:53 +0000

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. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/10/24: No more dining in flip-flops

fsennett@crain.com (Frank Sennett) — Fri, 7 Jun 2024 20:09:41 +0000

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.

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06/06/24: What sets Chicago's downtown price slump apart

fsennett@crain.com (Frank Sennett) — Wed, 5 Jun 2024 20:38:05 +0000

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.

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06/05/24: Ascension outsourcing gets senator's attention

fsennett@crain.com (Frank Sennett) — Tue, 4 Jun 2024 21:11:00 +0000

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.

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06/04/24: Cannabis vs. craft brewing in Springfield

fsennett@crain.com (Frank Sennett) — Mon, 3 Jun 2024 19:45:50 +0000

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.

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06/03/24: A first-of-its-kind carve-out for retailers

fsennett@crain.com (Frank Sennett) — Fri, 31 May 2024 20:50:33 +0000

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.

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05/30/24: Rising home prices clear two milestones

fsennett@crain.com (Frank Sennett) — Wed, 29 May 2024 22:14:16 +0000

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.

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05/29/24: Kaegi tips his hand on downtown assessments

fsennett@crain.com (Frank Sennett) — Tue, 28 May 2024 19:18:40 +0000

Newly released West Loop assessments hint at Fritz Kaegi’s rosier view of downtown offices. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about the first batch of numbers that point to what the Cook County assessor thinks happened with downtown office building values over the past three years.

Plus: A look at the new concourse coming to O'Hare, medical waste disposal firm Stericycle is exploring a sale, T-Mobile buying U.S. Cellular assets in $4.4 billion deal and EU slaps Mondelez with price-manipulation fine as, separately, some shareholders say company isn't doing enough on Russia.

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05/28/24: How Oberweis, and others, went bankrupt

fsennett@crain.com (Frank Sennett) — Fri, 24 May 2024 22:05:33 +0000

Crain's restaurants and retail reporter Ally Marotti talks with host Amy Guth about recent bankruptcies and closures, including those of Oberweis Dairy, Red Lobster and the parent company of Foxtrot and Dom’s Kitchen & Market.

Plus: West Loop assessments show Kaegi's rosier view of downtown offices, change comes to the Duchossois dynasty, condo board terminates $96 million deal to sell Loop tower, Lettuce Entertain You bringing two new concepts to River North and Lagunitas reports layoffs ahead of Chicago departure.

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05/23/24: The West Loop's priciest home

fsennett@crain.com (Frank Sennett) — Wed, 22 May 2024 18:56:13 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from around the local housing market, including the second-highest sale price of 2024 and multimillion-dollar Highland Park condos attracting empty-nesters from downtown.

Plus: LanzaJet lands $20 million as its green jet fuel prepares for takeoff, Lurie out of the woods after cyberattack, developers propose nearly 1,800 apartments for Fulton Market and Wilson Sporting Goods gives Caitlin Clark a signature basketball line.

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05/22/24: Protesters prep for the DNC spotlight

fsennett@crain.com (Frank Sennett) — Tue, 21 May 2024 22:01:41 +0000

From prosecutors to legal coaches for protesters, preparations are underway for the Democratic National Convention this summer in Chicago. Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about lawyers making the rounds with protesters and plans from various agencies, including the Cook County State’s Attorney’s Office.

Plus: Legislature looks at tax breaks for quantum computing; WeWork shuttering Fulton Market location, keeping others in Chicago; Tempus, Chicago's biotech darling, files to go public; Fitch lowers the University of Chicago's financial outlook to negative; and U.S. to deploy more than $50 million to shield private hospitals from cyberattacks.

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05/21/24: A long-awaited day for cannabis biz

fsennett@crain.com (Frank Sennett) — Mon, 20 May 2024 21:54:14 +0000

The Justice Department has taken initial steps in the formal process to reschedule marijuana as a less dangerous drug. Crain’s cannabis reporter John Pletz talks with host Amy Guth about what the move would mean for the bottom line of Chicago cannabis companies.

Plus: Johnson hints at a new tax on professional services, major construction at O'Hare won't start till next year, developer unveils renderings for $1.1 billion project near casino site and Crain's brand-new list of top architecture firms.

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05/20/24: The new restaurants you should know

fsennett@crain.com (Frank Sennett) — Fri, 17 May 2024 21:36:29 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the best new spots for lunch, dinner or drinks downtown.

Plus: Chicago won't give up nearly $50 million it's owed under Bears proposal, United Airlines says FAA has lifted operational freeze in safety review, ING says airfares can only keep rising due to supply chain problems, overhaul of Lincoln Park shopping center could include 500-unit apartment tower and Mondelez faces shareholder vote on human rights in Russia.

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05/16/24: Downtown Chicago's big condo chill

fsennett@crain.com (Frank Sennett) — Wed, 15 May 2024 18:58:31 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including sellers facing the reality of a downtown condo slump while other luxury markets soar.

Plus: Museum of Science & Industry finally rebrands under Ken Griffin's name, McDonald's sells $1 billion of bonds as debt set to mature, Justice Department finds Boeing breached prosecution deal over Max crashes, owner of River North apartments gets $19 million refinancing, and Foxtrot and Dom's file for bankruptcy.

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05/15/24: How Johnson has wielded power so far

fsennett@crain.com (Frank Sennett) — Tue, 14 May 2024 22:25:10 +0000

One year into his mayorship, Brandon Johnson touts he's built inroads with Chicago's business community. Crain’s politics reporter Justin Laurence and host Amy Guth recap his time in office up to now and look ahead at headwinds awaiting him in year two.

Plus: Kraft Heinz explores a sale of Oscar Mayer; airlines, including United, sue Transportation Department over fee-disclosure rules; big LaSalle Street tenant eyes move to Wacker Drive; and Chicago's largest public companies list sees a shake-up in rankings.

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05/14/24: The City Club's new look

fsennett@crain.com (Frank Sennett) — Mon, 13 May 2024 19:48:42 +0000

With new leadership, a more diverse board and the lifting of the governor's freeze-out, the City Club of Chicago has a new lease on life. Crain's political columnist Greg Hinz talks with host Amy Guth about how the public affairs discussion group could be getting its mojo back.

Plus: Trump may owe $100 million from double-dip tax breaks on Chicago tower, Chicago Fed chief says not much evidence of inflation stalling out, Oak Brook office landlord hit with $25 million foreclosure lawsuit, T-Mobile and Verizon reportedly plan to divide up U.S. Cellular and Foxtrot assets sell for $2.2 million at auction.

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05/13/24: Heightened tensions on Chicago campuses

fsennett@crain.com (Frank Sennett) — Fri, 10 May 2024 20:26:28 +0000

Congress has called on Northwestern University President Michael Schill to testify amid calls for his ouster. Crain’s education reporter Brandon Dupré talks with host Amy Guth about the situations on Northwestern and other Chicago university campuses over the Israel-Hamas war.

Plus: FAA oversight of United Airlines to be audited by watchdog; Ascension reports cybersecurity incident, possible data breach; investors testing the market with big suburban apartment listings; and one out of every 22 Chicago residents is now a millionaire.

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05/09/24: A 'compact luxury' home experiment

fsennett@crain.com (Frank Sennett) — Wed, 8 May 2024 20:48:48 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a big idea behind a little house, how low mortgage rates factor into the job market and more.

Plus: Legalizing video gambling in Chicago could come with a major hitch; claiming fraud, lender sues migrant shelter landlord; Rivian's first-quarter net loss widens to $1.45 billion; and Foxtrot assets to be sold at auction.

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05/08/24: Seeking a $20 billion quantum-computing campus

fsennett@crain.com (Frank Sennett) — Tue, 7 May 2024 21:47:10 +0000

The state of Illinois is closing in on what it believes could be the biggest technology project in state history: a $20 billion quantum-computing campus. Crain's reporter John Pletz discusses with host Amy Guth.

Plus: Congress calls on Northwestern University president to testify; UChicago Medicine residents overwhelmingly vote to form union; Boeing faces a new FAA probe — this time of Dreamliner production; and changes expected for the City Club.

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05/07/24: Duly Health's financial outlook

fsennett@crain.com (Frank Sennett) — Mon, 6 May 2024 22:10:03 +0000

Following layoffs and compensation cuts, Moody's downgraded Duly Health & Care for "deteriorating" performance. Crain's health care reporter Katherine Davis talks with host Amy Guth about the private-equity-backed physicians group's financial outlook.

Plus: Airlines and City Hall reach agreement on O'Hare revamp, Illinois awards 35 new pot-shop licenses, offices near O'Hare with little vacancy hit the market and Endeavor Health posted $470 million surplus last year.

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05/06/24: CTA takes another hit

fsennett@crain.com (Frank Sennett) — Fri, 3 May 2024 21:45:29 +0000

The embattled Chicago Transit Authority is taking another hit from Springfield, this time from a bill that would dramatically change the face of mass transit around the city and who controls it. Crain's political columnist Greg Hinz discusses the issue with host Amy Guth.

Plus: A deal to restore peace at Northwestern is sparking more friction, mostly empty former Salesforce office property hits the market, owner of homeless shelter near Mag Mile files for bankruptcy amid foreclosure suit, and Rivian will add over 500 jobs in Normal to make its new SUV.

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05/02/24: How Rockford became a housing hotbed

fsennett@crain.com (Frank Sennett) — Wed, 1 May 2024 20:14:17 +0000

Small Midwestern cities dominated the latest list of hot home markets, with Rockford at the top. Crain’s residential real estate reporter Dennis Rodkin explains the phenomenon to host Amy Guth.

Plus: The impact of rescheduling marijuana, Walgreens stock lashed, Loop office tower owner hit with $276 million foreclosure lawsuit and Jewish groups, including the Anti-Defamation League, call for President Schill's ouster at Northwestern.

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05/01/24: ShotSpotter's competition gets in line

fsennett@crain.com (Frank Sennett) — Tue, 30 Apr 2024 21:02:50 +0000

Another gunshot detection company is looking for a way in with the city. Crain’s politics reporter Leigh Giangreco and host Amy Guth discuss ShotSpotter’s uncertain fate in Chicago.

Plus: Peeling back the sticker price on Bears stadium reveals even more costs, Foxtrot and Dom’s suppliers face fallout from abrupt closures, three Chicago-area bridges among the most vulnerable in the U.S. and American dropping some global flights on Boeing 787 delays.

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04/30/24: The Bears' flashy, and costly, stadium play

fsennett@crain.com (Frank Sennett) — Mon, 29 Apr 2024 21:08:16 +0000

The Chicago Bears are angling for a large cut of revenue from events under their new stadium plan. Crain’s reporters Danny Ecker and Justin Laurence talk with host Amy Guth about the team’s proposed vision for its reimagined lakefront home.

Plus: Lawmakers propose unifying CTA, Metra and Pace; Mayor Johnson eyes legalizing video gaming in Chicago; Boeing credit outlook gets gloomier as Fitch also turns negative; and slow work authorizations frustrate new asylum-seekers and industry leaders alike.

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04/29/24: The sudden flameout of Foxtrot and Dom's

fsennett@crain.com (Frank Sennett) — Fri, 26 Apr 2024 21:55:37 +0000

Crain's retail reporter Ally Marotti talks with host Amy Guth about the abrupt closure of Foxtrot and Dom’s Kitchen & Market.

Plus: Bears angling for huge cut of cash-flow pie at new stadium — including concerts; Walgreens launches gene, cell therapy pharmacy business; Boeing prosecutors aim to decide on criminal charge over Max crashes by June; and Art Institute defends its ownership of artwork prosecutors say was stolen during the Holocaust.

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04/25/24: A low point for home affordability in Chicago

fsennett@crain.com (Frank Sennett) — Wed, 24 Apr 2024 19:40:51 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including how affordability here is the lowest it’s been in at least 17 years.

Plus: Foxtrot and Dom's facing lawsuit one day after shuttering stores, Southwest cutting more than a third of its flights at O'Hare, Skokie office complex sold to developers at a staggering discount and Chicago's largest privately held companies see another year of growth.

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04/24/24: A sudden surge for labor

fsennett@crain.com (Frank Sennett) — Tue, 23 Apr 2024 22:31:31 +0000

Crain’s reporters Katherine Davis and Brandon Dupré talk with host Amy Guth about local labor movements in the worlds of health care, academia, and arts and culture.

Plus: At O'Hare, senators sound an optimistic note despite earlier turbulence; Reinsdorf offers to open wallet for new Sox stadium; ADM says CFO will resign after accounting probe; and Moody's looks positively at Illinois.

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04/23/24: Humira's hold on the market loosens

fsennett@crain.com (Frank Sennett) — Mon, 22 Apr 2024 21:56:17 +0000

AbbVie's Humira dam is beginning to crack. Crain’s health care reporter Katherine Davis talks with host Amy Guth about how the tide appears to be turning as CVS' pharmacy benefit manager replaces the blockbuster drug on its formulary list.

Plus: City Council greenlights Johnson's plan to pump $1.25 billion into housing and development, ShipBob picks JPMorgan to lead IPO, ex-Citadel exec's trading firm expanding and moving to revamped Loop tower, and how Chicago's venture-capital and startup scene stacks up globally.

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04/22/24: Investors aren't happy with Mary Dillon

fsennett@crain.com (Frank Sennett) — Fri, 19 Apr 2024 20:00:13 +0000

Mary Dillon's Foot Locker turnaround plan has Wall Street tapping its feet. rain's retail reporter Ally Marotti talks with host Amy Guth about the former Ulta CEO’s plans so far.

Plus: Sterling Bay looks to sell more properties next to Lincoln Yards, Rivian cuts more jobs with woes mounting for electric vehicle market, watchdog group reportedly asks feds to probe Trump Chicago tower loan and police oversight chief defends herself amid criticism from city’s top cop.

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04/18/24: Property tax sales targeted in Illinois

fsennett@crain.com (Frank Sennett) — Wed, 17 Apr 2024 19:02:03 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a lawsuit that aims to stop Illinois counties from selling homes over unpaid taxes.

Plus: Ukrainian PM makes pitch for U.S. defense dollars on Chicago visit; struggling Walgreens lays off more workers; weed stocks have seen a lift, but it's still a roller-coaster ride; and United forecast tempers anxiety over expansion plans.

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04/17/24: City set to tap reserves for migrant funding

fsennett@crain.com (Frank Sennett) — Tue, 16 Apr 2024 22:10:12 +0000

Mayor Brandon Johnson's request for an $70 million to care for those seeking asylum who have been sent to Chicago, is advancing to the City Council. Crain’s politics reporter Justin Laurence discusses the latest with host Amy Guth.

Plus: World Business Chicago names new CEO, American Airlines pilots cite "significant" jump in safety issues, developer tweaks plan for Fulton Market apartment complex and digital textbook company expands HQ and heads to the Loop.

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04/16/24: Shifting retail landscape on Damen

fsennett@crain.com (Frank Sennett) — Mon, 15 Apr 2024 19:11:44 +0000

Barnes & Noble could turn the tide for a once-thriving shopping corridor that runs between Wicker Park and Bucktown. Crain's retail reporter Ally Marotti talks with host Amy Guth about a possible recovery for Damen Avenue.

Plus: McDonald's CEO's compensation rose 8% last year, Oberweis Dairy files for bankruptcy protection, Blackstone leads $2 billion private loan for GTCR-backed data center operator and Bally's Chicago local tax revenue grew in March.

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04/15/24: The 411 on CPZ, Johnson's new chief of staff

fsennett@crain.com (Frank Sennett) — Fri, 12 Apr 2024 20:20:32 +0000

At City Hall, a progressive crusader has stepped into the chief of staff role. Crain’s Leigh Giangreco talks with host Amy Guth about Cristina Pacione-Zayas, the newest member of the city’s “Core Four.”

Plus: The city rejects a new revenue source in Sox and Bears stadium talks, Illinois awards another $25 million to build EV chargers, CPD tells City Council DNC security maps to be released in early July and Uber is adding taxis to its app in Chicago.

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04/11/24: A big markdown for St. Regis condo

fsennett@crain.com (Frank Sennett) — Wed, 10 Apr 2024 18:55:27 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about recent home sales, including an upper-floor St. Regis condo that sold at almost $1.2 million lower than its 2021 price.

Plus: Johnson urges calm after video of Humboldt Park police shooting released, Boeing whistleblower alleges 'shortcuts' taken on 787, Bears recruit Andrea Zopp as a legal adviser as stadium push rolls on and court allows Obama Center construction to keep moving.

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04/10/24: Johnson reflects on his mayorship so far

fsennett@crain.com (Frank Sennett) — Tue, 9 Apr 2024 21:32:44 +0000

Mayor Brandon Johnson sat down with Crain’s to mark the one-year anniversary of his election. Crain’s reporter Justin Laurence joins host Amy Guth to recap the conversation that spanned the DNC and 2024 presidential election, the failed "Bring Chicago Home" ballot measure, as well as stadium subsidies for the Chicago Bears.

Plus: United Airlines delays two new routes amid FAA safety review, Roz Brewer added to Black Economic Alliance board, music equipment marketplace moving HQ to the Salt Shed and Boeing's 777 'gliders' signal more cash woes.

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04/09/24: Frustrated CTA riders hit the road

fsennett@crain.com (Frank Sennett) — Mon, 8 Apr 2024 21:37:17 +0000

Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about CTA ridership, particularly about a growing cluster of riders swapping their Ventra cards for car keys as the agency struggles to get back to pre-pandemic service levels.

Plus: Restaurateur's plan for Goose Island dining and entertainment complex scrapped, Durbin wants Buttigieg to broker O'Hare expansion, Blackstone to pay $10 billion for apartment company and a judge orders Motorola rival to pay $1 million-a-day fine and suspend sales.

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04/08/24: South Works could have a future in quantum computing

fsennett@crain.com (Frank Sennett) — Fri, 5 Apr 2024 22:24:13 +0000

The South Works site and a Lockport refinery are being considered for a potential quantum computer factory. Crain’s reporters Danny Ecker and John Pletz talk with host Amy Guth about their recent reporting on the two massive industrial sites PsiQuantum is mulling for the project.

Plus: Bears sit down with agency that would subsidize their lakefront stadium, federal and local law enforcement meet to assemble DNC game plan, Hines buys Clybourn Corridor retail center, Thoma Bravo targets $20 billion for next buyout fund and Chicago is the third-best U.S. city for food and drinks, according to Food & Wine magazine

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04/04/24: Chicago's sordid history of housing segregation

fsennett@crain.com (Frank Sennett) — Wed, 3 Apr 2024 20:28:39 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including a new documentary series about the city's long history of property ownership racism and redlining.

Plus: Moody's says office vacancy rate nears 20%, Chicago's 2024 James Beard finalists announced, JPMorgan takes big loss in $80 million Streeterville apartment sale, S&P data says women have lost C-suite seats in corporate America.

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04/03/24: Restaurants get smarter about waste

fsennett@crain.com (Frank Sennett) — Tue, 2 Apr 2024 21:37:50 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how some Chicago operators are pulling off composting after years of wishing it could be done.

Plus: City adds $11 million helicopter to CPD fleet with help from DNC grant, Rivian beats production and delivery estimates, UChicago Medicine medical residents look to form union and City Council angling for power on whether to end ShotSpotter contract.

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04/02/24: The steep cost of the Walgreens-VillageMD deal

fsennett@crain.com (Frank Sennett) — Mon, 1 Apr 2024 20:16:11 +0000

Acquiring VillageMD, once a centerpiece of Walgreens' health care ambitions, lost the pharmacy chain nearly $6 billion. Crain's health care reporter Katherine Davis discusses with host Amy Guth.

Plus: Committee ordinance would require public data on migrant evictions, University of Illinois extends president Tim Killeen's contract, big Oak Park apartment complex hits the market and United asks pilots to take unpaid leave due to Boeing delays.

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04/01/24: Why this vote count felt like a slog

fsennett@crain.com (Frank Sennett) — Fri, 29 Mar 2024 20:25:30 +0000

Tabulating the state's attorney race may have seemed like it was taking a minute, but the Chicago Board of Elections says the count is still within the letter of the law. Crain's politics reporter Leigh Giangreco discusses the race and how mail-in ballots may change how we think about election night results.

Plus: Discover CEO resigns weeks after starting the job, Old National Bank CFO facing child molestation charges, former staff of Signature Room to get $1.5 million in back pay, Uncle Julio’s abruptly closes after 3 decades in Lincoln Park, Blommer laying off more than 200 workers with plant closure and Northwestern files application for a temporary on-campus stadium.

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03/28/24: What's ahead for long-dormant suburban sites

fsennett@crain.com (Frank Sennett) — Wed, 27 Mar 2024 22:18:15 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how a Winnetka site may finally get a new residential building after twelve years while a judge's ruling will keep a fallow River Forest condo site empty for longer.

Plus: Moody’s downgrades Bally's rating, developer lists 327-unit apartment portfolio in northwest suburb, Advocate proposes $52 million outpatient center in Naperville and despite Walgreens' efforts, patients aren't flocking to retail clinics.

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03/27/24: Hospital workers handed over to private equity

fsennett@crain.com (Frank Sennett) — Tue, 26 Mar 2024 22:14:45 +0000

Ascension is outsourcing workers at its 10 Chicago-area hospitals to a staffing firm owned by private equity. Crain’s health care reporter Katherine Davis talks with host Amy Guth about changes coming to the nonprofit health system.

Plus: United Airlines in FAA's review penalty box, TransUnion nearly doubles Illinois job cuts, developer plans 72-unit apartment building north of Fulton Market and Easter egg price hikes are just the start as cocoa soars.

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03/26/24: Bears stadium pitch includes dramatic lakefront changes

fsennett@crain.com (Frank Sennett) — Mon, 25 Mar 2024 20:44:48 +0000

We now know what the Chicago Bears have in mind for the Museum Campus — and how much it would cost taxpayers. Crain’s politics reporter Justin Laurence discusses the team's stadium plans with host Amy Guth.

Plus: Boeing's CEO to step down in overhaul triggered by its safety crisis, aviation authorities consider drastic measures to curb growth at United after incidents, Chicago Fed chief sees three rate cuts this year as inflation cools and Blommer closing Chicago chocolate factory.

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03/25/24: What's next for Johnson after primary setback

fsennett@crain.com (Frank Sennett) — Fri, 22 Mar 2024 22:05:52 +0000

After the failure of the "Bring Chicago Home" ballot question, Crain’s politics reporter Justin Laurence joins host Amy Guth to discuss the election's implications for Mayor Brandon Johnson and his progressive agenda.

Plus: Boeing's board plans to meet airline chiefs without its CEO, judge declines to overturn Outcome Health guilty verdicts, another judge squashes Blagojevich's future political hopes (citing Dr. Seuss in the process), United Airlines allows sharing of frequent-flyer miles and Illinois cannabis sales will get a boost this year.

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03/21/24: Chicago maintains an edge on home affordability

fsennett@crain.com (Frank Sennett) — Wed, 20 Mar 2024 21:27:18 +0000

Of the big U.S. cities, Chicago has held onto housing affordability the best over the years. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about top stories from the local housing market.

Plus: Illinois primary election results, McDonald's plans to consolidate leadership in CEO, Boeing sees massive cash drain as 737 Max mess takes toll as FAA chief says the plane maker needs more focus on safety and quality, and MacKenzie Scott donates millions to 19 Chicago nonprofits.

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03/20/24: Chicago resisting anti-DEI wave

fsennett@crain.com (Frank Sennett) — Tue, 19 Mar 2024 22:08:47 +0000

Crain's Equity series editor Cassandra West joins host Amy Guth to discuss the growing backlash against DEI initiatives, programs created to ensure fair treatment and broader representation.

Plus: Arlington Heights reportedly proposes tax settlement with Bears, Pritzker signs law setting up elected Chicago school board, traders look to Kraft and Mondelez for clues on where the Fed is headed and Union League Club plans to sell Monet painting again.

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03/19/24: Brewers tap THC drinks for survival

fsennett@crain.com (Frank Sennett) — Mon, 18 Mar 2024 19:48:08 +0000

With beer sales down, some Illinois craft breweries venture into THC-infused beverages. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: United Airlines CEO launches safety review after recent mishaps, Encyclopaedia Britannica seeking $1 billion valuation in IPO, Obama Foundation donates $4 million for city's first "fully inclusive" playground and Walgreens' cost-cutting push rolls on with closure of two distribution centers.

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03/17/24: Irish names don't have the juice in politics anymore

fsennett@crain.com (Frank Sennett) — Fri, 15 Mar 2024 21:33:08 +0000

Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about the waning state of Irish political power in Chicago and Illinois.

Plus: Bally's suitor says buyout wouldn't impact Chicago casino, bike trail connecting Chicago to Michigan gets another green light, McDonald's experiences widespread system outage, large South Loop apartment tower sold and betting begins at Wrigley Field sportsbook.

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03/14/24: Illinois counties push against high court on home seizures

fsennett@crain.com (Frank Sennett) — Wed, 13 Mar 2024 18:47:26 +0000

Eight counties in Illinois are defending property tax sales despite a U.S. Supreme Court ruling that says it's unconstitutional. Crain’s residential real estate reporter Dennis Rodkin discusses the case with host Amy Guth, along with other news from the local housing market.

Plus: Northwestern plans to build new softball stadium, local investors buying mostly empty River North office building, AbbVie CEO made $25.6 million in final full year as chief and the House passes Krishnamoorthi's bill aiming to box out TikTok.

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03/13/24: The saga of a distressed suburban hospital

fsennett@crain.com (Frank Sennett) — Tue, 12 Mar 2024 22:01:49 +0000

A troubled hospital in Waukegan recovered its trauma center designation after losing it more than a month ago. Crain’s health care reporter Katherine Davis discusses the latest on Vista Medical Center East with host Amy Guth.

Plus: Cook County treasurer study says no-show voters create their own property tax problem, ADM revises years of internal sales after accounting probe, Johnson outlines what he'll need to sign off on Bears' lakefront stadium plan and United CEO tells Boeing to stop making its long-delayed Max 10s.

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03/12/24: What the Bears promise for a new lakefront stadium

fsennett@crain.com (Frank Sennett) — Mon, 11 Mar 2024 22:20:53 +0000

The Bears have pledged over $2 billion in private money for new for a new stadium. While the outlay would be significant, Crain’s politics reporter Justin Laurence talks with host Amy Guth about how the total project would still require government sign-off and taxpayer dollars.

Plus: Illinois is working on incentive deal with Rivian, Bally's is hunting for $800 million to kick off the Chicago casino project, data-tech whiz Ocient raises nearly $50M for growth and feds open criminal probe of Alaska Air’s Boeing 737 Max midair blowout.

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03/11/24: The legal fight over 'Bring Chicago Home' explained

fsennett@crain.com (Frank Sennett) — Fri, 8 Mar 2024 23:19:28 +0000

Votes on the anti-homelessness tax measure are set to be counted after the Illinois Appellate Court reversed an earlier ruling removing it from the ballot. Crain’s politics reporter Leigh Giangreco recaps the contentious court battle with host Amy Guth.

Plus: Grubhub moving HQ to Merchandise Mart, Tempus lab workers overwhelmingly vote for union, Chicago Symphony Orchestra Association receives $21 million gift and Rivian's factory pause deals fresh blow to Georgia factory plans.

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03/07/24: Collusion lawsuits keep coming for brokerages

fsennett@crain.com (Frank Sennett) — Wed, 6 Mar 2024 23:23:30 +0000

Baird & Warner is the latest to be hit with a copycat lawsuit over commissions. Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss that and other news from the local housing market.

Plus: Rivian eliminating a shift at EV factory in Normal, furniture maker Steelcase leaving Merchandise Mart for Fulton Market, VillageMD laying off dozens amid Illinois clinic closures and Oscar Mayer debuts vegan hot dog with help from a Jeff Bezos-backed startup.

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03/06/24: The real happy hour starts way, way later

fsennett@crain.com (Frank Sennett) — Tue, 5 Mar 2024 23:05:00 +0000

Chicago's restaurants are seeing a rise in demand for late-night dining. Crain's reporter Ally Marotti talks with host Amy Guth about how operators are extending hours, devising new promotions closer to midnight.

Plus: Loop retail vacancy tops 30% for the first time, Rivian laid off about 100 Illinois workers, Lurie restores electronic health records after cyberattack and the FAA says Boeing and Spirit AeroSystems audit finds 'multiple' quality lapses.

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03/05/24: JPMorgan's big plans for Chase Tower

fsennett@crain.com (Frank Sennett) — Mon, 4 Mar 2024 21:13:59 +0000

JPMorgan Chase is kicking off a large renovation of its home in the Loop. Crain's finance reporter Mark Weinraub talks with host Amy Guth about how the project is poised to give a major boost to the downtown office market.

Plus: Walgreens, in need of a reset, plans a strategic review of its entire operation; Supreme Court sides with Trump in Colorado ballot eligibility case; JetBlue abandons troubled $3.8 billion deal for Spirit Air; and the city proposes major spending cuts to the O'Hare terminal expansion and renovation project.

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03/04/24: How the pros manage their own mental health

fsennett@crain.com (Frank Sennett) — Fri, 1 Mar 2024 21:16:01 +0000

Chicago leaders discussed mental health in the workplace at a recent Crain’s event. Health care reporter Katherine Davis, who moderated the discussion, shares highlights with host Amy Guth.

Plus: Walgreens to begin selling abortion pill this month; ADM delays its annual report as it warns on internal accounting; Mondelez able to move cash out of Russia, despite the country's tight grip; and, according to a report, Manhattan D.A. says Art Institute did not properly vet its acquisition of art looted by Nazis.

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02/29/24: Illinois tightening affordable housing rules on towns

fsennett@crain.com (Frank Sennett) — Wed, 28 Feb 2024 19:44:46 +0000

It's getting harder for small towns to ignore their lack of affordable housing. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market.

Plus: Bears and Sox told to team up on stadium financing pitches; American Dental Association nears HQ sale to Lurie, move to Mag Mile; developer to buy Clybourn Corridor retail, office building at 78% discount; and Tom Skilling looks back on four decades as 'Chicago's Very Own.’

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02/28/24: Chicago's extended, and expensive, breakup with ShotSpotter

fsennett@crain.com (Frank Sennett) — Tue, 27 Feb 2024 22:24:06 +0000

The city reached an agreement for a ShotSpotter contract extension after confusion amid a possible shutoff of the gunshot detection system. Crain's politics reporter Leigh Giangreco talks with host Amy Guth about the city’s future plans with the technology that the city has in use in 12 police districts.

Plus: Chicago has one of the largest income inequality gaps in the country, FTC sues to block $24.6 billion Kroger-Albertsons merger, Boeing hit by damning report faulting safety procedures, Laura Ricketts and Chicago Red Stars want in on taxpayer-funded stadium talks, the Cubs want $30 million to boost security outside Wrigley Field for a possible All-Star Game.

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02/27/24: An answer to Chicago's image problem

fsennett@crain.com (Frank Sennett) — Mon, 26 Feb 2024 22:32:21 +0000

The city has a rare chance for a rebrand to regain its lost swagger on the national stage. Crain’s reporter John Pletz and host Amy Guth discuss how Chicago could reposition itself with the DNC coming to town this year.

Plus: Judge sides with building owners on controversial "Bring Chicago Home" measure; despite Russia's tight grip, Mondelez able to move cash out of the country; Jamie Dimon sells $150 million in JPMorgan shares; United joins others in raising checked bag fees; and Walgreens-backed VillageMD rethinks its strategy.

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02/26/24: AbbVie's first-ever regime change

fsennett@crain.com (Frank Sennett) — Fri, 23 Feb 2024 21:39:02 +0000

AbbVie CEO Richard Gonzalez, who grew the company into a pharmaceutical juggernaut, is preparing to retire. Crain's health care reporter Katherine Davis talks with host Amy Guth about the leadership change and the drugmaker's M&A plans.

Plus: Allstate looks to unload Wacker Drive office building, Northwestern grad students reach first tentative union contract deal, Mag Mile retail space sold to firms known for amassing distressed malls and Duckworth moves to protect in vitro fertilization after Alabama ruling.

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02/22/24: People are buying new homes again

fsennett@crain.com (Frank Sennett) — Wed, 21 Feb 2024 19:46:11 +0000

Chicago-area new home sales had their second-best year of the past 15. Crain's residential real estate reporter Dennis Rodkin discusses that and other news from the local housing market with host Amy Guth.

Plus: World Business Chicago appoints an interim executive; Gov. Pritzker wants $500 million for quantum technology; cultivated-meat company puts plans for Glenview plant on hold; and after altercation, City Council member calls on colleague to resign leadership posts.

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02/21/24: The Sox stadium's $1 billion payment plan

fsennett@crain.com (Frank Sennett) — Tue, 20 Feb 2024 22:44:35 +0000

White Sox owner and Chairman Jerry Reinsdorf is confident he can get a state subsidy for new South Loop stadium. Crain's politics reporter Justin Laurence discusses the latest with host Amy Guth.

Plus: AbbVie names new CEO; Oreo maker Mondelez is strong as ever in Russia as war drags on; Capital One to buy Discover in deal valued at over $35 billion; and for hospitals, largely exposed to cyberattacks, Lurie demonstrates how bad it can get.

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02/20/24: Marriott forced into buying big Chicago hotel

fsennett@crain.com (Frank Sennett) — Fri, 16 Feb 2024 23:10:44 +0000

The Sheraton Grand Chicago is changing hands in a $500 million deal. Crain’s commercial real estate reporter Rachel Herzog discusses that and other news from around the market with host Amy Guth.

Plus: Penny Pritzker, others subpoenaed in Harvard antisemitism probe; City Council, shunning arbitrator and police union's warnings, rejects discipline ruling again; electronics supplier Newark is closing its Chicago office; and UChicago to fight inequity in cancer care with new center.

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2/15/24: Famed antiques shop moving out

fsennett@crain.com (Frank Sennett) — Wed, 14 Feb 2024 21:24:14 +0000

Architectural Artifacts is leaving for Texas after nearly four decades in Chicago. Crain's retail reporter Ally Marotti talks with host Amy Guth about the shift.

Plus: One of Chicago's largest hotels changing hands in $500 million deal, commercial-property loans coming due in U.S. jump to $929 billion, new Chicago Fed index sees more moderate gain in January retail sales, Chicago Fed chief says inflation can be a bit higher on the path to the 2% target and workers at the Museum of Contemporary Art Chicago announce union campaign.

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02/14/24: White-coat union drive at a Chicago biotech firm

fsennett@crain.com (Frank Sennett) — Tue, 13 Feb 2024 21:57:11 +0000

Crain's labor reporter Brandon Dupré and host Amy Guth discuss what's driving the unionization push at Tempus.

Plus: Chicago braces for first post-pandemic property tax assessment, Howard Brown Health CEO to depart, the new Foxtrot and Dom's Kitchen CEO has Whole Foods on his resume and Old Orchard mall owner taps local developer for 400-unit apartment project.

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02/13/24: Little Italy's shrinking dining scene

fsennett@crain.com (Frank Sennett) — Mon, 12 Feb 2024 19:57:45 +0000

On an evolving Taylor Street, once Chicago's epicenter of Italian cuisine, restaurants are struggling. Crain's reporter Ally Marotti talks about the changing neighborhood with host Amy Guth.

Plus: Part of Walgreens HQ poised for residential development, Deerfield reportedly set to ban warehouses and distribution facilities, Rivian cuts prices on base R1T and R1S models, and Lion Electric to get nearly $50 million in EV incentives — much more than expected.

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02/12/24: Pritzker's political future may hinge on 2024 DNC

fsennett@crain.com (Frank Sennett) — Fri, 9 Feb 2024 22:33:23 +0000

For Gov. J.B. Pritzker, the DNC could be a dress rehearsal for a presidential run. Crain’s politics reporter Leigh Giangreco discusses with host Amy Guth.

Plus: Revised Bally's site plan gets green light from City Hall, treasurer's office lowers late fees for property taxes, Lurie confirms network breached by "known criminal threat actor," US Foods wins lawsuit against Boston Market and Northwestern eyes football games at Wrigley, Guaranteed Rate and Soldier Field.

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02/08/24: The priciest homes sold in 2023

fsennett@crain.com (Frank Sennett) — Wed, 7 Feb 2024 19:33:58 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the 50 highest-priced home sales of 2023, Illinois Realtors’ $1 million campaign against a transfer-tax increase, and Cook County’s plan to make homes healthier for owners and renters.

Plus: Smaller banks face bigger risks from the depressed commercial real estate market, judge ends Byron Allen's lawsuit over McDonald's ad spending, museum hotel in River North hits the market and Winnetka passes lakefront ordinance despite threat of lawsuits.

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02/07/24: The Chicago Bears' real objective

fsennett@crain.com (Frank Sennett) — Tue, 6 Feb 2024 22:59:47 +0000

The Bears' focus for a new stadium is not on Arlington Heights but Chicago’s lakefront. Crain's political columnist Greg Hinz talks with host Amy Guth about the latest developments in the saga.

Plus: DOJ launches probe into ADM over accounting practices, Kroger CFO exits during uncertainty over Albertsons merger, Rush lays off administrative staff, FAA chief vows to hold Boeing accountable for quality lapses as aerospace workers demand pay raises and Rivian teases first look at smaller and less expensive electric SUV.

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02/06/24: Cannabis gets into the special sauce

fsennett@crain.com (Frank Sennett) — Mon, 5 Feb 2024 21:12:42 +0000

Some Chicago cannabis companies are collaborating with restaurants and mainstream food brands on new THC-infused products like wing sauce and cake mixes. Crain's reporter Ally Marotti talks with host Amy Guth about how the move indicates Illinois' cannabis industry is maturing.

Plus: Trump's Chicago tower loan at issue in delayed New York fraud case, warehouse vacancy inches up, Fed's Goolsbee says he wants to see more inflation progress and Illinois getting share of $500 million opioid settlements.

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02/05/24: Seeing Boeing's move to Chicago in a new light

fsennett@crain.com (Frank Sennett) — Fri, 2 Feb 2024 22:21:20 +0000

When Boeing came to Chicago in 2001, it was a win for the city. But was it good for the company? Crain’s Steven Strahler talks with host Amy Guth about the troubled planemaker.

Plus: U of I's Discovery Partners Institute chief is stepping down, AbbVie sees signs of post-Humira growth in positive 2024 outlook, 180 laid off from University of Chicago Medical Center, and cannabis rescheduling faces an uphill battle, but DEA decision expected soon.

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02/01/24: New rival takes aim at troubled realtors association

fsennett@crain.com (Frank Sennett) — Wed, 31 Jan 2024 19:28:58 +0000

The National Association of Realtors, embattled within and without, now has competition. Crain's residential real estate reporter Dennis Rodkin discusses the story so far with host Amy Guth, along other news from the local housing market.

Plus: Blue Cross Illinois parent to pay $3.3 billion for Cigna businesses, Walgreens lays off more workers in third round of cuts, Illinois election board keeps Trump on primary ballot, and the Chicago Bears and school districts are $100 million apart on value of Arlington Park site.

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01/31/24: Major labor shake-up at Northwestern

fsennett@crain.com (Frank Sennett) — Tue, 30 Jan 2024 22:33:18 +0000

Medical residents and fellows at Northwestern University voted to form a union, becoming the largest of its kind in the Midwest. Crain’s health care reporter Katherine Davis discusses the recent wave of labor organizing at academic medical centers with host Amy Guth.

Plus: Suburban office vacancy tops 30% for the first time, Illinois boosting access to youth mental health resources with help from Google, CA Ventures sells River North apartments for $61 million and baseball commish gives thumbs-up to 'game changer' White Sox stadium plan.

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01/30/24: Doctors are burning out and quitting

fsennett@crain.com (Frank Sennett) — Mon, 29 Jan 2024 22:07:27 +0000

Tens of thousands of physicians reportedly left the field in 2021 and 2022 amid increasing demands for health care. Crain’s reporter Katherine Davis talks with host Amy Guth about physicians calling it quits and how some health systems are working to better support those still in the workforce.

Plus: Boeing CEO faces investor grilling after blowout crisis, Rivian brings on Apple home devices and car veteran for top product role, Discover CFO sells nearly all his company stock and apartments near Bally's casino site sold for $42 million.

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01/29/24: How new restaurants are dealing with risk

fsennett@crain.com (Frank Sennett) — Fri, 26 Jan 2024 22:29:11 +0000

Chicago dining spots opened in late 2023 with more risk-management strategies in place. Crain's reporter Ally Marotti talks with host Amy Guth about that and more from the restaurants beat, including this year's James Beard Awards semifinalists.

Plus: Chicago-area commercial property sales down 44% in 2023, Walgreens shareholders reject disclosing abortion pill sale risks, head of powerful union group throws support behind Sox stadium plan and Boeing's woes put the squeeze on United’s turnaround plans as Airbus hunts for delivery slots to win over the airline.

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01/25/24: How much that new transfer tax plan would cost you

fsennett@crain.com (Frank Sennett) — Wed, 24 Jan 2024 21:18:10 +0000

In just under two months, Chicagoans will vote on the so-called "Bring Chicago Home" plan to reconfigure the real estate transfer tax to create a revenue stream for fighting homelessness. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about what the March referendum will cost if passed, plus other news from the local housing market.

Plus: Walgreens explores $4 billion-plus sale of specialty pharmacy business; report points to Boeing, not Spirit Aero, for Alaska Airlines incident; Northwestern medical resident unionization push puts pressure on leadership; and O'Hare slipped further behind Atlanta airport last year.

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01/24/24: Mayor's do-not-hire authority scrutinized

fsennett@crain.com (Frank Sennett) — Tue, 23 Jan 2024 22:29:49 +0000

The Johnson administration's use of its do-not-hire list is once again in the spotlight. Crain's politics reporter Leigh Giangreco discusses with host Amy Guth.

Plus: City reportedly has only an informal deal for NASCAR to pay more; University of Illinois freezes in-state tuition this year; feds order city to promote, pay Midway whistleblower; and United Airlines CEO exploring Max 10 alternatives after Boeing missteps.

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01/23/24: Affordable housing developers getting bogged down

fsennett@crain.com (Frank Sennett) — Mon, 22 Jan 2024 20:24:54 +0000

Crain’s contributor Judith Crown discusses the hidden high costs of creating affordable housing with host Amy Guth.

Plus: FAA seeks checks on another Boeing 737 model, ADM plunges after placing CFO on leave during accounting probe, Mayor Brandon Johnson appoints insurance exec to key post on World Business Chicago board and Wilson tennis racket maker seeks up to $1.8 billion in U.S. IPO.

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01/22/24: Say goodbye to the COVID-era takeout window

fsennett@crain.com (Frank Sennett) — Fri, 19 Jan 2024 22:43:07 +0000

Restaurants shift to wind down a pandemic survival strategy. Crain's restaurants reporter Ally Marotti discusses the adjustments with host Amy Guth.

Plus: Bally's seeks big change to casino hotel due to "unforeseen infrastructure issues," White Sox in "serious" talks to build a stadium at The 78, Mesirow inks big HQ lease extension for slashed office footprint, Lori Lightfoot launches new Chicago nonprofit and Discover to cut 108 jobs in Illinois.

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1/18/24: An owner of this condo rescued art from the Nazis

fsennett@crain.com (Frank Sennett) — Wed, 17 Jan 2024 21:33:13 +0000

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from around the local housing market, including a condo owned by a famous Chicago architect who was also a member of the "Monuments Men."

Plus: Johnson administration's use of do-not-hire list is once again in the spotlight, Walgreens CEO purchased $240,000 in company shares to signal "confidence," Jimmy John's "freaky fast" subs are going abroad in 2024 and Boeing makes progress on ungrounding Max 9 jets with first checks.

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01/17/24: Who's Who 2024, the names you need to know

fsennett@crain.com (Frank Sennett) — Tue, 16 Jan 2024 22:59:06 +0000

Crain's exclusive Who's Who is an authoritative guide to power in Chicago with more than 400 names to know. Crain’s Sophie Rodgers talks about this year’s list with host Amy Guth.

Plus: City extends 60-day notices for migrants in city shelters amid dangerous weather; ad agency slashing office space, moving to Marshall Field building; JPMorgan Chase just made more annual profit than any U.S. bank ever; and developer gets $500 million in construction financing for project on Chicago Spire site.

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1/16/24: Choose Chicago faces leadership setback — again

fsennett@crain.com (Frank Sennett) — Fri, 12 Jan 2024 22:48:31 +0000

With the unexpected departure of CEO Lynn Osmond, Chicago's tourism agency Choose Chicago is back on the hunt for a new top executive two years after it struggled to hire one, and with the city’s reputation at stake. Crain’s reporter Danny Ecker discusses with host Amy Guth.

Plus: Sterling Bay lists Fulton Market site next to Google, SEC's bitcoin green light makes CME Group the top hedging spot for crypto investors and debt and deficits set off alarm bells at University of Chicago.

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01/11/24: Even more tumult at the Realtors HQ

fsennett@crain.com (Frank Sennett) — Wed, 10 Jan 2024 21:55:19 +0000

The president of the National Association of Realtors abruptly resigned after a blackmail threat. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about that and other local housing news, including a condo that rents for $30,000 a month filled with music and pop culture memorabilia.

Plus: Boeing CEO fights back tears and admits 'our mistake' in 737 address, trio of companies set to leave troubled Wacker Drive office tower, new device at UChicago can smash liver tumors with bubbles caused by sonic pulses and Rush plans new $27 million medical office in Lakeview.

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01/10/24: A tax plan that would fund a big Mag Mile facelift

fsennett@crain.com (Frank Sennett) — Tue, 9 Jan 2024 22:59:24 +0000

Michigan Avenue property owners want to tax themselves — but also want more control of the revenue. Crain’s politics reporter Justin Laurence talks about the proposed changes with host Amy Guth.

Plus: Bally's Chicago sees continued growth, but not enough to meet city budget projections; home prices in Detroit are rising even faster than in Miami; statewide respiratory illness risk rises to high; and Boeing door bolts in focus after airlines find loose parts.

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01/09/24: United tips its hand on expansion plans

fsennett@crain.com (Frank Sennett) — Mon, 8 Jan 2024 22:24:45 +0000

United Airlines is stoking fresh fears about its future in Chicago. Crain’s airlines reporter John Pletz talks with host Amy Guth about its plans for Denver growth, FAA inspections of some Boeing Max jets and other aviation news.

Plus: BOMA, biz groups ask judge to block real estate transfer tax referendum; citing need to cut costs, Stellantis sits out the Super Bowl; Maryland firm pays $19 million for Elgin shopping center; and CVS invests in Chicago senior care company.

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01/08/24: Walgreens clamping down on cash-flow faucets

fsennett@crain.com (Frank Sennett) — Fri, 5 Jan 2024 21:27:09 +0000

Walgreens will slash its quarterly dividend by nearly half. Crain’s health care reporter Katherine Davis joins host Amy Guth to discuss the pharmacy chain's latest cost-cutting measure.

Plus: In cop discipline fight, arbitrator again sides with police union — and blasts City Hall along the way; hospitals face more credit rating downgrades ahead, Fitch says; historic UAW pay gains gave a lift to national wage data in December; and voters file to remove Trump from the Illinois ballot.

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01/04/24: Housing market could finally see relief in 2024

fsennett@crain.com (Frank Sennett) — Wed, 3 Jan 2024 22:17:33 +0000

After a tense 18 months, the world of real estate might see some relief in the coming year. Crain’s reporter Dennis Rodkin joins host Amy Guth to discuss the outlook, a West Loop condo with a “hot” history, and more news from the local market.

Plus: Illinois was one of the top states to leave in 2023; Pru Plaza owner plans big renovation, gets debt relief; Brookfield Property’s debt cut to junk by S&P on real estate concerns; and the worst of the cocoa rally is yet to come for chocolate makers.

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01/03/24: City making huge funding pivot

fsennett@crain.com (Frank Sennett) — Tue, 2 Jan 2024 20:31:41 +0000

Chicago plans to borrow more than $1 billion as it weans itself off TIFs. Crain's politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Mayor Brandon Johnson names picks to run housing and emergency management departments, the potential economic impact of preparing for the DNC, Wall Street's seismic shift propels Dallas past Chicago and L.A. and Rivian's quarterly deliveries miss estimates.

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12/28/23: The year ahead for key Chicago biz sectors

fsennett@crain.com (Frank Sennett) — Wed, 27 Dec 2023 23:38:02 +0000

Crain’s reporter John Pletz talks with host Amy Guth to discuss 2023 in the cannabis, airline and technology sectors, and the stories to watch in 2024.

Plus: New laws including a prohibition on book bans and the right to sue for “deepfake porn” take effect in 2024, a developer's plan for Sonoma-inspired resort in Galena faces legal challenge, stolen Slim Jim car recovered outside Chicago and the restaurants Chicago lost in 2023.

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12/27/23: What 2024 has in store for commercial real estate

fsennett@crain.com (Frank Sennett) — Tue, 26 Dec 2023 20:23:07 +0000

Crain's reporters Danny Ecker and Rachel Herzog join host Amy Guth to discuss the biggest stories in commercial real estate of the last year, including companies’ changing office space needs, and properties to watch in 2024, like the Thompson Center and Soldier Field.

Plus: Federal judge declines to stay assault weapons ban ahead of Jan. 1 registration deadline, former Chicago CFO Bennett heads to UChicago finance post, Mayor Johnson names three new commissioners and Marina City retail space sold for $30 million.

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12/22/23: These were 2023's biggest headlines in politics

fsennett@crain.com (Frank Sennett) — Fri, 22 Dec 2023 21:34:13 +0000

Crain's reporters Leigh Giangreco and Justin Laurence join host Amy Guth to discuss the biggest stories in state and local politics of the last year, including the trial and recent conviction of Ed Burke, and what to watch for in 2024: the trial of Mike Madigan, the 2024 DNC in Chicago and more.

Plus: Another hack freezes real estate closings around Chicago, Stellantis brings back 165 workers from idled Belvidere plant and potential buyer in talks to acquire Zurich hotel from Hyatt.

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12/21/23: Slim pickings for house shopping

fsennett@crain.com (Frank Sennett) — Wed, 20 Dec 2023 22:15:35 +0000

The already low inventory of homes for sale in Chicago is only getting more sparse. Crain’s residential real estate reporter Dennis Rodkin discusses with host Amy Guth, along with the case of a $500 sandwich at a Lakeview condo and other news from the local housing market.

Plus: Aon to make $13.4 billion purchase, Magellan puts River North apartment buildings on the market, lender seizes most of Lisle office complex and census numbers show Illinois' population is still shrinking — but there's a shred of good news.

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12/20/23: Labor tensions, leadership changes marked 2023 in health news

fsennett@crain.com (Frank Sennett) — Tue, 19 Dec 2023 22:49:35 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth for a look back at the year in the business.

Plus: Money starts to flow in transfer tax campaign, U.S. housing starts unexpectedly rise to a six-month high, FAA inks Rosemont office lease after nixed Rolling Meadows deal and judge delays sentencing in "ComEd Four" case.

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12/19/23: Burke trial moves to final phase

fsennett@crain.com (Frank Sennett) — Mon, 18 Dec 2023 23:29:31 +0000

As the corruption trial of former Ald. Ed Burke goes to the jury, Crain’s reporter Leigh Giangreco talks with host Amy Guth about the proceedings.

Plus: McDonald’s seeks tighter child labor compliance by franchisees, hotel-to-apartments conversion planned in Streeterville, Southwest Airlines fined $140 million over 2022 meltdown and part-time Columbia College faculty reach agreement.

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12/18/23: City kicks off police-discipline legal fight

fsennett@crain.com (Frank Sennett) — Fri, 15 Dec 2023 21:35:33 +0000

In a busy week at City Hall, the City Council rejected a controversial closed-doors discipline ruling for police and a referendum on Chicago's status as a "sanctuary city." Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: Thompson Center assessed at more than double 2022 sale price, Elizabeth Warren slams AbbVie for 'abusing' drug patent system, Northwestern Memorial HealthCare posts billion-dollar surplus amid expansion plans and Dick Durbin takes beef about Union Station rehab funding to Pete Buttigieg.

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12/14/23: A huge drop in luxury home deals

fsennett@crain.com (Frank Sennett) — Wed, 13 Dec 2023 20:36:22 +0000

The upper-end housing market here is falling far behind last year’s pace. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about how the local market is poised to finish the year, along with other local housing news.

Plus: Pappas posts Cook County property tax bills online, Moody's cuts Walgreens to junk on health care strategy push, UChicago Medicine’s new cancer center lands $20 million gift and Google unveils Thompson Center's new look.

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12/13/23: Catching up on Burke trial courtroom action

fsennett@crain.com (Frank Sennett) — Tue, 12 Dec 2023 23:07:13 +0000

With the federal corruption trial of former Ald. Ed Burke underway, Crain's reporter Leigh Giangreco talks with host Amy Guth about wiretap recordings, key players and delays in the case so far.

Plus: Mayor Brandon Johnson wants his administration to come up with solutions to streamline the city's real estate development process; Discover names a new CEO; Ernst & Young is cutting U.S. jobs; and a medical device startup with UChicago roots has raised $2 million.

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12/12/23: Where things stand with the Bears stadium

fsennett@crain.com (Frank Sennett) — Mon, 11 Dec 2023 23:09:10 +0000

Arlington Heights school districts are taking steps in property tax discussions with the Chicago Bears, on the heels of pushback from a lakefront advocacy group after reports surfaced that the team is scouting a location close to home. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about what could be on the road ahead for the team.

Plus: The state's pension liability finally reaches a tenuous plateau, Mariano's parent boosts investment in senior primary care, developers plan an office-to-apartment conversion near Old Orchard and Macy's is said to get $5.8 billion offer from investor group.

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12/11/23: Advocate bosses eye more expansion

fsennett@crain.com (Frank Sennett) — Fri, 8 Dec 2023 23:04:43 +0000

Advocate Health co-CEOs say the health system will end its first year post-merger in the black. Crain’s health care reporter Katherine Davis talks with host Amy Guth about her recent conversation with the two at Crain’s annual hospital CEO event.

Plus: Chicago's new paid leave policy set to be delayed, Friends of the Parks opposes new Bears stadium on lot south of Soldier Field, auto supplier Methode warns of soft EV ramp-up and state health plan declares racism a public health crisis.

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12/07/23: Illinois tied for last in homebuilding

fsennett@crain.com (Frank Sennett) — Wed, 6 Dec 2023 21:37:49 +0000

If building lots of homes would ease U.S. housing crisis, Illinois isn’t helping. Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about that and other news from the local housing market.

Plus: Feds provide $95 million toward Union Station upgrades; CME to launch new spot FX trading platform as volumes drop; McDonald's speeds up expansion plans, aims for 50,000 locations by 2027; and what to know about Illinois’ assault weapons ban.

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12/06/23: New look for one of Chicago's biggest health systems

fsennett@crain.com (Frank Sennett) — Tue, 5 Dec 2023 21:50:27 +0000

Two years after its big merger, NorthShore – Edward-Elmhurst Health has renamed itself. Crain’s health care reporter Katherine Davis talks with host Amy Guth about the state of the combined hospital network.

Plus: Vote clears way for EV battery plant in Manteno; citing environmental concerns, Pritzker nixes Brighton Park migrant tent camp plan; River North loft office sold for big loss; and State Street landlord hit with $50 million foreclosure complaint.

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12/05/23: Illinois' pot experiment, four years in

fsennett@crain.com (Frank Sennett) — Mon, 4 Dec 2023 23:22:33 +0000

The cannabis industry's roller-coaster ride in Illinois continues into 2024. Crain’s cannabis reporter John Pletz talks with host Amy Guth about the ups and downs of the industry and the year ahead for marijuana in the state.

Plus: Chicago Fed chief says inflation on track to decline to 2%, feds and city's inspector general eye Bally's casino deal, advisory firm puts Fulton Market office up for sublease and an EPA rule would mandate lead pipe removal in 10 years — with a likely exception for Chicago.

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12/04/23: Illinois clawing back tax breaks on startups

fsennett@crain.com (Frank Sennett) — Fri, 1 Dec 2023 22:36:07 +0000

An unintended consequence of the shift to remote work could bite some startup backers. Crain’s John Pletz talks with host Amy Guth about the future of the tax credit meant to encourage investment.

Plus: Residents sue Evanston over Northwestern stadium approval; United, American on collision course with Johnson administration over O'Hare rebuild; Illinois boosts Amtrak in soaring year for rail travel; and McDonald's secretive new restaurant is getting set to open in Bolingbrook.

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11/30/23: Chicago's home-price growth reign is over

fsennett@crain.com (Frank Sennett) — Wed, 29 Nov 2023 21:22:53 +0000

Chicago lost the top rank among big-city housing markets for price growth. Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss that and other news from the local market.

Plus: Groupon signs deal for new Wacker Drive HQ, city again asking for offers on historic Stock Yards Bank building, co-working giant plans big expansion in Chicago suburbs and Illinois borrowers have some of the highest student debt in the country.

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11/29/23: Where minority-owned businesses are falling behind

fsennett@crain.com (Frank Sennett) — Tue, 28 Nov 2023 22:42:36 +0000

A new study indicated businesses owned by members of historically underrepresented groups trail their peers revenue-wise. Crain's finance reporter Mark Weinraub talks with host Amy Guth about how venture capital can close the gap. Plus: Illinois primary candidates brave the cold to initiate 2024 election cycle, cybersecurity breach at major title company scrambles real estate closings, law firm set to leave Wacker Drive for River North and Pritzker family office launches $190 million venture capital fund. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/28/23: Chicago tries to stem flow of migrants in shelters

fsennett@crain.com (Frank Sennett) — Mon, 27 Nov 2023 22:17:47 +0000

Asylum-seekers living in city shelters are now receiving 60-day exit notices. Crain’s reporter Justin Laurence talks about next steps for the city and state with host Amy Guth. Plus: Walgreens' Boots division transfers $6B pension plan, paving way for future sale, AbbVie sues to protect yet another drug from generics, Des Plaines apartment complex fetches $30 million and Foxtrot and Dom's Kitchen to merge. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/27/23: Chicago a weak spot in home-price growth

fsennett@crain.com (Frank Sennett) — Wed, 22 Nov 2023 23:45:04 +0000

City home prices are flat, but Chicago-area price increases are outpacing the U.S. Crain’s residential real estate reporter Dennis Rodkin discusses the numbers with host Amy Guth, as well as other local housing market news. Plus: Loop office landlord hit with $105 million foreclosure lawsuit, Deere stock falls as profit forecast disappoints, Northwest Community Healthcare opens new Schaumburg outpatient center and a look at how much X is losing from advertiser boycotts. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/22/23: Northwestern wins its coveted new stadium

fsennett@crain.com (Frank Sennett) — Tue, 21 Nov 2023 22:58:03 +0000

Evanston has approved a deal with Northwestern for rebuilding Ryan Field. Crain’s education reporter Brandon Dupré talks about the process and the road ahead with host Amy Guth. Plus: Ford scales down Michigan EV battery plant plans, CNA Financial looks to shed part of Loop HQ, Motorola Solutions loads up for $2B more in stock buybacks and why O'Hare consistently gets mediocre ratings. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/21/23: Craft breweries still being ravaged after COVID

fsennett@crain.com (Frank Sennett) — Mon, 20 Nov 2023 21:26:16 +0000

Illinois’ once-thriving brewing scene now teeters on the edge of a steep cliff. Crain’s restaurants reporter Ally Marotti joins host Amy Guth to discuss how we got here — and what’s next. Plus: Pritzker chases every federal dollar with new $1 billion EPA bid, McDonald's buys back Carlyle's minority stake in China unit, a new name tops the list of Chicago's largest hospitals, and Delta and United announce direct flights to Tulum. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/20/23: Airlines, airports expect Thanksgiving travel surge

fsennett@crain.com (Frank Sennett) — Fri, 17 Nov 2023 20:33:23 +0000

Crain's aviation reporter John Pletz talks with host Amy Guth about TSA and airlines' expectations around holiday travel and United and American's plans to boost their O’Hare schedules in the new year. Plus: Asylum-seekers living in city shelters will begin to receive 60-day exit notices; after a false start, the trial of Ed Burke gets underway; Walgreens to close most stores on Thanksgiving; and a new survey indicates letting people work from home is good for revenue growth. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/16/23: Homebuyers can expect a change in the process

fsennett@crain.com (Frank Sennett) — Wed, 15 Nov 2023 19:53:54 +0000

If you're buying a home soon, look for a new document to sign — and another layer of stress. Crain's residential real estate reporter Dennis Rodkin discusses what's changing, plus more market news, with host Amy Guth. Plus: Soldier Field and TIFs are helping to boost the Chicago Park District's budget; TransUnion will cut jobs in a cost-saving effort; the Chicago Symphony Orchestra nears ticket-sales record, but loses money; and downtown renters get a break as the apartment market cools off. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/15/23: What to watch as safety tester UL Solutions seeks IPO

fsennett@crain.com (Frank Sennett) — Tue, 14 Nov 2023 23:14:35 +0000

As UL Solutions lays out its long-awaited plans to go public, Crain's reporter John Pletz discusses the IPO with host Amy Guth. Plus: The shopping mall at Block 37 is up for sale, developer Mike Reschke eyes a Wacker Drive landmark for a hotel conversion, Rivian will issue up to $15 billion of debt to help finance a Georgia factory and Evanston's City Council puts off a final decision on Northwestern's plans for a new Ryan Field. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/14/23: Fallout from Walgreens' cost-cutting scramble

fsennett@crain.com (Frank Sennett) — Mon, 13 Nov 2023 21:31:57 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about Walgreens' second round of corporate staff reductions in recent months, as well as a new role at the CDC for former Chicago health chief Dr. Allison Arwady. Plus: Mayor Johnson picks Arwady's replacement in the city's Public Health Department, Chicago's tallest apartment building goes up for sale, the clan that owns Napleton Automotive Group buys one of the most recognizable office properties in the suburbs and Chicago's top accounting firms see an average 7% uptick in headcount. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/13/23: Greg Hinz on what's in store for Ed Burke in federal court

fsennett@crain.com (Frank Sennett) — Fri, 10 Nov 2023 23:06:19 +0000

Political columnist Greg Hinz talks with host Amy Guth about the corruption trial getting underway for Chicago's longest-serving City Council member, former Ald. Ed Burke. Plus: The council OKs a paid leave measure that requires employers to give full-time workers at least 10 days off; Tesla nears a deal to open a downtown service center; Walgreens replaces its chief medical officer in the latest shakeup; and lawmakers OK a plan to allow small-scale nuclear development in Illinois. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/09/23: National Association of Realtors besieged within and without

fsennett@crain.com (Frank Sennett) — Wed, 8 Nov 2023 19:37:59 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including lawsuits and a new CEO for the embattled NAR, and a look inside a few local time capsule homes. Plus: Effort to raise tax on high-end property sales will go to Chicago voters, Rivian ends exclusive deal to supply Amazon vans while upping production forecast, United Airlines expects record Thanksgiving travel and Chicago has a new three-star Michelin restaurant. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/08/23: Restaurants already tightening belts ahead of tipped wage bump

fsennett@crain.com (Frank Sennett) — Tue, 7 Nov 2023 20:40:44 +0000

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how local restaurants are preparing for the tipped wage increase. Plus: Motorola's stock tops $300 for the first time, Mondelez will raise prices next year on some products, gun rights groups to seek Supreme Court ruling on assault weapons ban, and WeWork goes bankrupt and signs pact with creditors to cut debt. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/07/23: Migrants' shelter problems could soon worsen

fsennett@crain.com (Frank Sennett) — Mon, 6 Nov 2023 22:46:52 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about a potential public health crisis brewing as asylum seekers winter looms for asylum seekers. Plus: Ald. Carlos Ramirez-Rosa resigns from City Council leadership roles, the city plans (again) to put O'Hare concession contracts out for bid, 1.2 million Cook County Health patients' data may be compromised and Chicago gets $336 million loan from EPA to replace lead pipes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/06/23: Chicago about to expand PTO requirements for employers

fsennett@crain.com (Frank Sennett) — Fri, 3 Nov 2023 22:12:07 +0000

Crain's politics reporter Justin Laurence talks with host Amy Guth about a proposal requiring all employers in Chicago to provide 10 paid days off for employees starting next year that has been set up for a final City Council vote. Plus: Howard Brown workers plan to strike for second time in less than a year, Walgreens slashing bonuses amid cost cuts, Baxter reveals outlook after dramatic restructure and Illinois Institute of Technology is opening a life-sciences lab in Fulton Market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/02/23: There's a catch behind Chicago's home-price hot streak

fsennett@crain.com (Frank Sennett) — Wed, 1 Nov 2023 20:18:52 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market including how Chicago has hit its fourth month of having the fastest-growing home prices in the U.S. Plus: 14-story Fulton Market hotel proposed; ADM, Deere and others push Yellen to act fast on green jet fuel tax policy; WeWork reportedly plans to file for bankruptcy; and a jury finds realtors and big brokerages colluded on commissions. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

11/01/23: A suburban property-tax jolt

fsennett@crain.com (Frank Sennett) — Tue, 31 Oct 2023 21:30:57 +0000

Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about Cook County residential property taxes in the northern suburbs, which are going up by 15.7%. Plus: Northwestern's stadium proposal narrowly survives first Evanston City Council vote, GE HealthCare stock up after beating investor estimates, McDonald's tops estimates on higher prices as U.S. visits dip and Field Museum receives $20 million gift for education initiatives. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/31/23: What's in store for Chicago's biggest health provider

fsennett@crain.com (Frank Sennett) — Mon, 30 Oct 2023 21:57:17 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about industry news, including how Advocate’s new Illinois chief plans to navigate the company’s post-merger realities. Plus: 'Mansion tax' proposal heads for a City Council vote, Illinois a big winner in tentative agreements between UAW and the Detroit Three, warehouse development keeps outpacing demand and Northwestern faculty question university over Ryan Field rebuild financing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/30/23: What separates Chicago's most innovative companies from the rest

fsennett@crain.com (Frank Sennett) — Fri, 27 Oct 2023 21:34:00 +0000

Crain's reporter John Pletz talks with host Amy Guth about Crain’s 2023 list of Chicago’s Most Innovative Companies. Plus: Ford deal a "stunning victory" for union, Chicago renews shelter contract with Favorite Healthcare Staffing, California firm buys shopping centers near Midway Airport and United and Delta CEOs warn proposed legislation would doom airline loyalty programs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/26/23: Home sale volume hasn't been this low in a decade

fsennett@crain.com (Frank Sennett) — Wed, 25 Oct 2023 18:48:52 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including the number of home sales here reaching its lowest point since 2012. Plus: Amazon injuries more widespread than thought, UIC study says; American Airlines will dial up at O'Hare; Morningstar reportedly settles SEC complaints over commercial loan data; and MacKenzie Scott breaks donation record at another Chicago nonprofit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/25/23: A public health crisis boils over

fsennett@crain.com (Frank Sennett) — Tue, 24 Oct 2023 22:26:33 +0000

Crain’s contributor Jon Asplund talks with host Amy Guth about the youth mental health crisis in Chicago and beyond that has outgrown the abilities of psychiatrists and therapists to treat by themselves. Plus: Illinois Tool Works says UAW strike could shrink profits this year, Gov. J.B. Pritzker and California Gov. Gavin Newsom juice President Joe Biden's campaign fundraising efforts, big Mag Mile hotel hits the market and why Ulta Beauty is testing in-store sampling machines Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/24/23: Johnson and CPD union make peace

fsennett@crain.com (Frank Sennett) — Mon, 23 Oct 2023 21:44:51 +0000

Mayor Johnson and the city's largest police union reached a tentative contract deal. Crain’s politics reporter Justin Laurence and host Amy Guth discuss details of the deal and its potential impact on the city’s proposed $16.6 billion budget. Plus: Ford, GM earnings will give an early look at UAW strike's toll; U of C and U of I in the running for millions from feds for advanced tech research; Gibsons in Fulton Market is finally a go; and developer set to begin 72-story apartment tower on Chicago Spire site. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/23/23: CTA predicts a slow ridership comeback

fsennett@crain.com (Frank Sennett) — Fri, 20 Oct 2023 21:13:53 +0000

Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about the CTA's $2 billion budget for 2024 as it holds off on adding service. Plus: United expands focus to economy class; Ferrara Candy is buying Jelly Belly; Chicago wins Fitch upgrade on better economy, moderating debt; and just a fraction of craft cannabis growers operational in Illinois, despite dedicated fund. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/19/23: A possible seismic shift in how people buy homes

fsennett@crain.com (Frank Sennett) — Wed, 18 Oct 2023 19:00:13 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news around the market, including how inventory of homes for sale has dropped the most in Chicago among big cities and how big brokerages may upend the century-old way we buy homes. Plus: United stock sinks as war and costs drive "bleak" profit outlook, former Deputy Mayor Samir Mayekar picked to lead Polsky Center at University of Chicago, judge tells prosecutors to give Outcome Health co-founder Rishi Shah $8.6 million back and Gov. Pritzker takes his abortion-right fight national. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/18/23: Johnson's mental health care plan emerges

fsennett@crain.com (Frank Sennett) — Tue, 17 Oct 2023 21:58:52 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about Mayor Johnson's plans for the “Treatment Not Trauma” program. Plus: Johnson sending delegation to Texas border as city reups contract to scout sites for housing asylum seekers sent to Chicago, Walgreens pharmacy staff reportedly planning nationwide walkout, former mayor Lori Lightfoot joins board of national LGBTQ+ PAC and more than half of Water Tower Place mall could ditch retail. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/17/23: Breaking down Johnson's proposed budget

fsennett@crain.com (Frank Sennett) — Mon, 16 Oct 2023 22:04:02 +0000

Crain’s politics reporter Justin Laurence talks with host Amy Guth about Mayor Brandon Johnson’s newly released budget and the city’s plan to fill a $538 million budget gap. Plus: Survey indicates health system exec pay outpaces other hospital leadership roles, Gov. Pritzker releases 2022 tax information, WeWork makes interim CEO permanent to lead turnaround effort and advocates push for guns to be taken from alleged domestic abusers when an order of protection is served. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/16/23: Walgreens' plan to correct course

fsennett@crain.com (Frank Sennett) — Fri, 13 Oct 2023 21:58:04 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about Walgreens' new CEO and $1 billion cost-cutting plan. Plus: Illinois a centerpiece in $1 billion hydrogen hub project, California preparing lawsuit to block merger of Mariano's and Jewel parent companies, Johnson budget raises concern over fate of LaSalle Street plan and professional cricket has come to the U.S., and Chicago is primed to host a team. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/12/23: Mortgage-rate angst hangs over housing market

fsennett@crain.com (Frank Sennett) — Wed, 11 Oct 2023 20:40:35 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including an index that suggests mortgage rates are worrying homebuyers more than prices. Plus: Mayor Johnson proposes $16.6 billion Chicago budget without major tax hikes; Walgreens names health care vet as next CEO; NASCAR, city still negotiating second street race deal; and newly open Guinness brewery in Fulton Market up for sale Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/11/23: A vital turnaround for O'Hare

fsennett@crain.com (Frank Sennett) — Tue, 10 Oct 2023 21:42:35 +0000

Crain’s aviation reporter John Pletz talks with host Amy Guth about how international travel is leading O’Hare's pandemic recovery. Plus: Walgreens pharmacy staff walk off the job at some stores, fertilizer stocks jump with Israel conflict stoking supply concerns, nurses unions push for mandatory staff-to-patient ratios and Northwestern's Kellogg gets $25 million in memory of Sam Zell. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/10/23: Slow end for the sub-minimum wage

fsennett@crain.com (Frank Sennett) — Mon, 9 Oct 2023 21:09:18 +0000

Crain’s politics reporter Justin Laurence talks with host Amy Guth about how tipped workers in Chicago will see their base wage increase over the next five years to match the city’s minimum wage. Plus: Report shows first month's haul for Bally's temporary Chicago casino; United, American and Delta cancel Israeli flights after war breaks out; Amgen completes Horizon takeover; and office shedding pushes downtown vacancy rate to another record high. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/09/23: Chicago theaters looking for a lifeline

fsennett@crain.com (Frank Sennett) — Fri, 6 Oct 2023 20:33:17 +0000

Crain’s reporter Brandon Dupré talks with host Amy Guth about how struggling Chicago theaters have made an 'unprecedented' request for more city funding. Plus: Ex-Northwestern coach Pat Fitzgerald files lawsuit against the university, denying hazing allegations; Cook County Health spending expected to rise next year; Rivian sinks after EV maker plans $1.5 billion in convertible debt; and new public-private partnership looks to spur Midwestern climate investment. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/05/23: Effects of Ford strike will reach far

fsennett@crain.com (Frank Sennett) — Wed, 4 Oct 2023 20:07:21 +0000

Crain’s manufacturing reporter John Pletz talks with host Amy Guth about the significance of the UAW strike hitting Ford’s plant on the South Side. Plus: Kellogg's split is official, with snack business Kellanova now based in Chicago; United raises its own bet by ordering more planes from Boeing and Airbus; Invenergy inks massive HQ expansion on Wacker Drive; and video slot machines spur gambling revenue windfall for Illinois. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/04/23: Origin of another Art Institute piece in question

fsennett@crain.com (Frank Sennett) — Tue, 3 Oct 2023 19:47:57 +0000

Crain’s nonprofits reporter Brandon Dupré talks with host Amy Guth about how the Art Institute is once again under fire over the disputed ownership of an art piece. Plus: Wells Fargo plans major retail push in Chicago, investors say severe crash is coming for U.S. office properties, Oakbrook Center owner gets big windfall from new mortgage and Ald. Ray Lopez launches a congressional campaign against Chuy Garcia. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/03/23: Duly cuts staff amid heavy financial strain

fsennett@crain.com (Frank Sennett) — Mon, 2 Oct 2023 21:50:15 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about layoffs and other cutbacks that follow an executive shakeup at the debt-heavy physicians group Duly Health. Plus: Discover reaches consent agreement with FDIC, United Airlines starts program to woo pilots leaving military, Chicago firm Cresa acquires Detroit brokerage and restaurant-industry vets raising $100 million venture fund. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

10/02/23: Microdistillery digs in closer to Chicago

fsennett@crain.com (Frank Sennett) — Fri, 29 Sep 2023 22:03:19 +0000

ourneyman Distillery is expanding beyond its home in Three Oaks, Mich., to open a $40 million facility in Valparaiso, Ind., Crain’s restaurants reporter Ally Marotti discusses with host Amy Guth. Plus: SEC charges Exelon, former ComEd CEO Anne Pramaggiore with fraud; McDonald's resists EU push to mandate reusable packaging; Ford's Chicago assembly plant hit in next wave of UAW strike; and Signature Room in Hancock tower closes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/28/23: Chicago flexing some home-price muscle

fsennett@crain.com (Frank Sennett) — Wed, 27 Sep 2023 17:37:09 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about how Chicago’s home price growth is top among major U.S. cities for the third month in a row and prices here are growing at twice the speed of the nation's. Plus: Landlord putting $50 million into Wacker Drive and Loop offices; Trump found liable for fraud in New York attorney general's case, and the former president’s Chicago skyscraper plays a role; Ryan family buys into European soccer venture; and why green air travel will be a lifeline for corn farmers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/27/23: Mary Dillon struggles at Foot Locker

fsennett@crain.com (Frank Sennett) — Tue, 26 Sep 2023 21:33:17 +0000

Crain’s retail reporter Ally Marotti talks with host Amy Guth about CEO Mary Dillon’s leap from Ulta to Foot Locker. Plus: Chicago Fed chair says U.S. economy can avoid a recession, but risks remain; Instant Pot and Pyrex maker draws interest from Citadel and Centre Lane; Coyote cuts jobs, names new CEO; and veteran tech entrepreneur Chris Gladwin succeeds Penny Pritzker as P33 chair. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/26/23: Historic South Side church faces uncertain fate

fsennett@crain.com (Frank Sennett) — Mon, 25 Sep 2023 18:08:52 +0000

Crain’s reporter Corli Jay talks with host Amy Guth about the questions surrounding a Bronzeville church that’s up for sale after neighbors and preservationists lobbied to landmark it. Plus: Snelling sails to CPD chief confirmation hearing with committee approval, SEC says Citadel Securities broke short-sale labeling rules, Walgreens sued by ex-CEO for $200 million over "smart doors" contract and Old Town shopping center sold to Florida investor. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/25/23: Why Illinois' insurance rate hikes are so odd

fsennett@crain.com (Frank Sennett) — Fri, 22 Sep 2023 20:20:46 +0000

Longtime insurance industry reporter Steve Daniels talks with host Amy Guth about how some Illinois policyholders are seeing property insurance rate hikes that rival those in more disaster-prone states. Plus: Hundreds of Chicago-area GM and Stellantis parts workers join UAW strike, McDonald's is raising fees for some franchisees for the first time in about 30 years, United is latest to discover dubious parts in plane engines and Portillo's expansion plans just got even more aggressive. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/21/23: Staff revolt at realtors association

fsennett@crain.com (Frank Sennett) — Wed, 20 Sep 2023 20:00:45 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news around the market, including the National Association of Realtors staff calling for an ouster of its CEO and other execs. Plus: Lender seizing Palmer House retail space, Illinois police pension fund plans to start investing in loans and private credit, lab-grown meat plant coming to redeveloped former Allstate campus and Brookfield Zoo lands a record donation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/20/23: Walgreens health expansion sputtering

fsennett@crain.com (Frank Sennett) — Tue, 19 Sep 2023 21:30:48 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about the future of Walgreens' health care push after the abrupt departure of Roz Brewer as CEO. Plus: UAW to unveil next wave of striking plants Friday, CEO is out at Cboe Global Markets, Illinois ranks in the top 10 for clean-vehicle jobs and warrant issued to seize an allegedly stolen drawing at the Art Institute. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/19/23: What's at stake for the auto industry in the UAW strike

fsennett@crain.com (Frank Sennett) — Mon, 18 Sep 2023 21:00:39 +0000

Michael Martinez, who reports for Crain's sister publication Automotive News, talks with Gist host Amy Guth about how the UAW strike could impact dealerships and manufacturing plants. Plus: An Evanston economic impact study touts the benefits of Northwestern University rebuilding Ryan Field; Lettuce Entertain You expands its consulting business; U.S. Soccer is moving its HQ out of Chicago; and a ranking of Illinois colleges shows which schools offer students the best bang for their buck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/18/23: The early impact as UAW workers hit the picket lines

fsennett@crain.com (Frank Sennett) — Fri, 15 Sep 2023 21:49:08 +0000

After United Auto Workers walk off the job, Crain's Daily Gist host Amy Guth has a look at the historic strike against the Big 3 Detroit automakers. Plus: Discover explores a sale of its student loan business; a City Hall veteran is picked to run the Planning Department, at least for now; a measure to eliminate Chicago's tipped wage takes a step forward; and Crain’s reporters Corli Jay and Ally Marotti discuss what dollar stores cost Chicago's South and West side communities. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/14/23: A blockbuster sale in Chicago's getaway region

fsennett@crain.com (Frank Sennett) — Wed, 13 Sep 2023 18:29:35 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including yet another Lake Geneva mansion sold in the mega-millions. Plus: Mayor Johnson's budget forecast estimates a $538 million shortfall in 2024, United CEO says higher compensation for delays would make flying less safe, investors punish Northern Trust for soaring deposit rates, White Sox attendance has been too low for the team to owe state fees and an unrelated lawsuit has been filed against the team over alleged discriminatory ticket-sales practices. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/13/23: Johnson's migrant plan, and its hefty price tag

fsennett@crain.com (Frank Sennett) — Tue, 12 Sep 2023 21:40:37 +0000

Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about how the city plans to address the migrant crisis in Chicago. Plus: Northwestern and U of C move up in rankings of startup founders, Sterling Bay plans 29-story Fulton Market apartment building, survey finds arts sector's equity efforts haven't been enough and federal funding kick-starts Red Line extension. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/12/23: Chicago groups take part in ambitious bid to cure cancer

fsennett@crain.com (Frank Sennett) — Mon, 11 Sep 2023 20:48:28 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about the Chicago biotech companies and health systems involved with President Joe Biden’s "cancer moonshot" project. Plus: Bally's temporary casino in River North opens, UAW's Stellantis chief "optimistic" about rebooting Belvidere plant, Twinkies maker Hostess in deal to sell itself to Smucker and Bears revive Chicago stadium hopes as season kicks off. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/11/23: A hallmark name in Chicago groceries changing hands

fsennett@crain.com (Frank Sennett) — Fri, 8 Sep 2023 18:49:44 +0000

Crain’s retail reporter Ally Marotti talks with host Amy Guth about Kroger’s plan to sell the Mariano's name and some of its Illinois stores in a $1.9 billion deal. Plus: Illinois finally lands a big EV battery plant, CTU chief confirms she has a kid in private school, marijuana industry could be one step closer to green light to use banks and Bally's reportedly to pay around $20 million to lease former Medinah Temple. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/07/23: Cyberattack makes selling a home in northwest Indiana a struggle

fsennett@crain.com (Frank Sennett) — Wed, 6 Sep 2023 18:45:57 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including an update on the cyberattack that scrambled northwest Indiana real estate listing sites, a look inside one of Chicago’s original penthouse condos and more. Plus: Illinois delays copay requirement for noncitizens, Green Thumb Industries authorizes share buyback and Teamsters ratify contract at three of the company’s Illinois dispensaries, United Airlines says software update led to nationwide ground stop and Discover names former FDIC regulator to its board. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/06/23: Fallout from writers and actors strikes in Illinois

fsennett@crain.com (Frank Sennett) — Tue, 5 Sep 2023 19:59:07 +0000

Crain’s reporter Brandon Dupré talks with host Amy Guth about the local impact of the Hollywood strikes. Plus: With 40% service cuts looming, a new plan would remake the CTA and Metra; MSU credit union buying a second Chicago-area bank; Riverfront REI store hits the market; and a lawsuit accuses State Farm of sharing claimants' personal health records with data firm. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

09/05/23: Walgreens CEO out, AbbVie in feds' drug-price crosshairs

fsennett@crain.com (Frank Sennett) — Fri, 1 Sep 2023 20:52:01 +0000

Walgreens CEO Roz Brewer departs, leaving two open executive positions at the Deerfield-based pharmacy giant. Crain’s health care reporter Katherine Davis talks with host Amy Guth about the company’s moment of transition, as well as an AbbVie's blockbuster drug finding itself on President Biden's drug price-negotiation list and Howard Brown Health reinstating laid off workers after a labor board investigation. Plus: Ford says it's offering 15% pay boost as UAW files complaints against GM and Stellantis, Reinsdorf says he doesn't want to sell the White Sox, and Hollywood strikes could cost Illinois half a billion dollars. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/31/23: The return of rent control?

fsennett@crain.com (Frank Sennett) — Wed, 30 Aug 2023 20:15:20 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the local housing market, including how towns could opt out of Illinois' rent control ban under a proposed law. Plus: Discover's a potential acquisition target for first time in many years, bill pushed by Carvana for home car delivery becomes law in Illinois, Schaumburg office complex owner hit with $83 million foreclosure lawsuit, and Walgreens and CVS to make $45 Narcan available nationwide. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/30/23: Bears and White Sox share foggy outlooks

fsennett@crain.com (Frank Sennett) — Tue, 29 Aug 2023 21:11:46 +0000

Crain's contributor Dan McGrath talks with host Amy Guth about the future of the Bears and White Sox. Plus: Gov. Pritzker and Mayor Johnson ask feds to fast-track work authorizations for people seeking asylum, AbbVie drug among those Biden targets for Medicare price cuts, Zebra Technologies to slash 700 jobs, an investor sues Wirtz company over short-form merger and Danny Wirtz assumes his late father's co-chairmanship of Breakthru Beverage. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

8/29/23: "Hamilton" is back for more

fsennett@crain.com (Frank Sennett) — Mon, 28 Aug 2023 21:56:33 +0000

Crain’s contributor Graham Meyer, who writes the weekly Big Ticket column, talks with host Amy Guth about can’t-miss arts and culture events for the month ahead, including the return of "Hamilton," the Chicago Underground Film Festival and more. Plus: Where Illinois' jobs engine is sputtering; Allstate cuts agent pay again, creatively; WeWork taps Kirkland & Ellis in effort to stave off bankruptcy; and Mayor Johnson's plan to tackle soaring car thefts? Sue the automakers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/28/23: White Sox consider moving out

fsennett@crain.com (Frank Sennett) — Fri, 25 Aug 2023 21:04:14 +0000

Crain's political columnist Greg Hinz talks with host Amy Guth about the Chicago White Sox potentially leaving their home at Guaranteed Rate Field and how the news adds to the Bears intrigue in Springfield. Plus: Johnson offers hope for keeping Bears in Chicago, jury convicts ex-Madigan aide, Illinois closes in on $2 billion EV battery plant and study from UChicago economists says corporate emissions are undermining prosperity. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/24/23: Chicago-area home prices rise despite city's weakness

fsennett@crain.com (Frank Sennett) — Wed, 23 Aug 2023 21:44:47 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about how Chicago home prices have fallen for the ninth month in a row while metro prices keep rising and other local housing market news. Plus: White Sox jettison Ken Williams and Rick Hahn in a major leadership shakeup, CVS Health layoffs will affect nearly 300 Illinois workers, big grocery union opposes Aldi's plan to buy Winn-Dixie and Groupon settles class-action suit to let businesses gain control over web pages. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/23/23: Rough road ahead for Chicago's next health chief

fsennett@crain.com (Frank Sennett) — Tue, 22 Aug 2023 21:44:42 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about Dr. Alison Arwady’s exit as commissioner of the Chicago Department of Public Health and the path forward for the agency. Plus: White Sox ponder move from South Side home, S&P joins Moody's in cutting U.S. banks amid "tough" climate, Spanish billionaire pays $232 million for West Loop apartment tower and Illinois Center owner braces for departure of largest tenant. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/22/23: South and West sides grapple with dwindling grocers

fsennett@crain.com (Frank Sennett) — Mon, 21 Aug 2023 21:32:19 +0000

Crain's contributor Judith Crown talks with host Amy Guth about supermarkets and food access in the wake of a wave of recent closures of big brand stores on the South and West sides. Plus: Chicago Teachers' Pension Fund says no to Lincoln Yards, ousted Discover CEO gets 2023 stock grants taken away, feds scoff at Outcome Health founders' attempt to flip convictions and Illinois warned over lengthy Medicaid call wait times. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/21/23: Scope of Northwestern scandal widens in new lawsuits

fsennett@crain.com (Frank Sennett) — Fri, 18 Aug 2023 20:49:44 +0000

Crain's reporter Brandon Dupré talks with host Amy Guth about the ongoing scandal at Northwestern University, which now spans multiple lawsuits and reaches beyond the school’s football program. Plus: Downtown hotels avert work stoppage with three-year labor deal, Deere raises profit outlook with farmer demand still strong, Citadel acquires Yellow debt owned by Apollo and other lenders, and a new report challenges the narrative that Chicagoans are eagerly fleeing the city. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/17/23: Want to live in Harrison Ford's old hideout?

fsennett@crain.com (Frank Sennett) — Wed, 16 Aug 2023 19:58:29 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how a property from 'The Fugitive' is for sale and news of a rare late summer surge in Chicago home prices. Plus: After a slow liftoff, this crucial O'Hare terminal revamp is years late; Sterling Bay sells property near Lincoln Yards to co-founder's firm; Maui wildfires disaster likely to cost State Farm hundreds of millions; and Laura Ricketts leads group buying Chicago Red Stars. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/16/23: Mars Wrigley tinkers with the formula on Goose Island

fsennett@crain.com (Frank Sennett) — Tue, 15 Aug 2023 21:16:36 +0000

Crain’s reporter Ally Marotti talks with host Amy Guth about big consumer brands as they try to innovate and defend their turf amid wavering customer loyalty. Plus: Johnson's top cop pick open to revamp of how police respond to mental health emergencies; CEO out at Discover Financial; big banks like JPMorgan Chase could reportedly face downgrades, Fitch analyst warns; and a new lawsuit against Northwestern alleges abuses in the baseball program. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/15/23: Shake-ups around Chicago's health scene

fsennett@crain.com (Frank Sennett) — Mon, 14 Aug 2023 20:39:21 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about changes in local health care leadership. Plus: Johnson picks CPD vet Larry Snelling as the next Chicago Police chief, Chicago's top public health official Allison Arwady is fired by Mayor Brandon Johnson, Kraft Heinz is getting a new CEO and supermarket closings are the latest blow to South and West side neighborhoods. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/14/23: A century-old company breaks into retail

fsennett@crain.com (Frank Sennett) — Fri, 11 Aug 2023 21:02:07 +0000

Crain’s reporter Ally Marotti talks with host Amy Guth about Radio Flyer’s first-ever retail location opening in Schaumburg, a new McDonald’s restaurant concept in the works and a redesign for two local Amazon Fresh stores. Plus: A bigger Lollapalooza paid off for Chicago hotels and restaurants; Loretto Hospital workers and management reach agreement, ending 11-day strike; judge orders feds to return $5 million to Outcome Health co-founder Rishi Shah; and Illinois Supreme Court upholds the state's assault weapons ban. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/10/23: The housing boom inside a housing boom

fsennett@crain.com (Frank Sennett) — Wed, 9 Aug 2023 20:28:38 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news of the week from the local housing market, including the rise of downtown’s super-luxury apartment market and how, unlike other cities, Chicago is safe from running out of home inventory. Plus: Wilmette officials unanimously oppose Northwestern's Ryan Field proposal, Rivian's software chief vows big upgrades in surprise visit on earnings call, O'Hare still hasn't clawed its way back in passenger traffic rankings and a data breach hits Lurie Children's Hospital patients. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/09/23: People are asking the wrong questions about hybrid work

fsennett@crain.com (Frank Sennett) — Tue, 8 Aug 2023 22:06:16 +0000

Crain’s contributor Margaret Littman talks with host Amy Guth about hybrid and remote work reshaping how and where Chicago works. Plus: Moody's cuts U.S. banks on mounting funding costs and office exposure, Thoughtworks to cut hundreds of jobs, GTCR buying part of ADT for $1.6 billion and Lime wants electric scooters on the Lakefront Trail. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/08/23: Hospital CEOs watching Loretto strike closely

fsennett@crain.com (Frank Sennett) — Mon, 7 Aug 2023 20:30:58 +0000

Crain’s health care reporter Katherine Davis talks with host Amy Guth about how the Loretto Hospital workers strike is reverberating at other Chicago hospitals, and about the impact of 47,000 Illinois residents losing Medicaid coverage, with more cuts expected. Plus: Chicago's biggest foundations saw assets plunge last year, lender seizes LondonHouse retail space, property loans are so unappealing that banks want to dump them and high beef prices has Portillo's locking in costs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/07/23: What's next for the Wirtz family empire

fsennett@crain.com (Frank Sennett) — Fri, 4 Aug 2023 22:03:22 +0000

Crain's reporters Steve Daniels and Danny Ecker talk with host Amy Guth about the future, and legacy, of Wirtz Corp. Plus: United Airlines is bulking up in Denver; trucking giant Yellow lays off 3,000 workers here; Sueños generated $181.6 million for Chicago, $67 million more than NASCAR's own estimate for its race weekend; and workers in the Midwest are coming into offices more often than the rest of the country, new research shows. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/03/23: 15-year high for new home sales

fsennett@crain.com (Frank Sennett) — Wed, 2 Aug 2023 20:09:44 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about weekly housing market news, including how Chicago-area new home sales had their biggest spring this year since 2008. Plus: Fed’s Goolsbee wants to see more inflation-easing data before September rate decision, Caterpillar says China demand slowdown even worse than thought, Tesla’s NDA breach claim against Rivian employees heads to trial and a hiring surge lifts United past its pre-pandemic peak headcount. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/02/23: Chicago companies experiment with Threads

fsennett@crain.com (Frank Sennett) — Tue, 1 Aug 2023 21:51:43 +0000

Crain's tech reporter John Pletz talks with host Amy Guth about Meta's latest social platform, Threads, and some local companies' strategies for approaching the new space. Plus: Northwestern taps former U.S. AG Loretta Lynch to lead review of athletics department; real estate giant Jones Lang LaSalle looks to unload part of HQ; tab for Discover's legal and regulatory misfires estimated at over $500 million, and that’s just a start; and data finds Illinois is one of the most expensive and least diverse cannabis markets in the country. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

08/01/23: Chicago mulls a new plan for mental health

fsennett@crain.com (Frank Sennett) — Mon, 31 Jul 2023 20:57:39 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about the proposed citywide mental health plan, Treatment Not Trauma. Plus: Data suggests America’s air travel boom may have peaked, pay gap between biggest U.S. cities is getting wider as wages slow, United buys former Motorola building in Arlington Heights for ops center and lawsuit against Northwestern alleges football player was abused as a minor. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/31/23: Mapping out your late summer plans

fsennett@crain.com (Frank Sennett) — Fri, 28 Jul 2023 20:05:27 +0000

Crain’s contributor Graham Meyer, who writes the weekly Big Ticket column, talks with host Amy Guth about upcoming arts and culture events. Plus: Another Northwestern football player alleges abuse in new lawsuit, American Airlines reaches agreement with pilots on revised union contract, developer proposes nearly 2,500 apartments next to casino site and soon, drivers will need appointments to renew licenses. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/27/23: Chicago pulls ahead on home price growth

fsennett@crain.com (Frank Sennett) — Wed, 26 Jul 2023 18:22:06 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including how new data reveals Chicago leads the nation in home price growth. Plus: Blackhawks Chairman Rocky Wirtz dies at 70; the Biden administration pushes to expand insurance coverage for mental health care; Cook County opioid overdose deaths reach a grim new record, and in 20 months, Allstate auto insurance rates have climbed more than $1,000 in Illinois while State Farm announces another rate hike for Illinois homeowners. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/26/23: Office-to-warehouse fights coming to a suburb near you

fsennett@crain.com (Frank Sennett) — Tue, 25 Jul 2023 20:12:00 +0000

Crain’s reporter Danny Ecker talks with host Amy Guth about a flurry of suburban office-to-warehouse conversions and why some are being met with community pushback. Plus: Northern Trust quietly chopping 900 jobs, Old Post Office developer looks to defy a brutal market with a new project, Nestle reorganizes Fulton Market-based Vital Proteins and forecast reports back-to-school spending this year may break records. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/25/23: A Potbelly ex-CEO joins its latest growth plan

fsennett@crain.com (Frank Sennett) — Mon, 24 Jul 2023 19:45:58 +0000

Crain's reporter Ally Marotti talks with host Amy Guth about Potbelly's business strategy, including how a former CEO became its newest franchisee. Plus: A new lawsuit alleges Northwestern football coaching staff knew of and perpetuated abuse; a new name tops the list of Chicago's largest banks, as many see a dip in assets; Zurich looks to shed nearly half its Schaumburg headquarters; CME cuts about 100 jobs; and extreme heat in parts of the U.S. pushes airlines to shed fuel and limit passengers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/24/23: The fallout continues as Northwestern's hazing scandal widen

fsennett@crain.com (Frank Sennett) — Fri, 21 Jul 2023 22:00:46 +0000

As another lawsuit is filed against Northwestern University, Crain's reporter Brandon Dupré talks with host Amy Guth about the latest misconduct accusations extending beyond the football program. Plus: If you live in Cook County, your next property tax bill will be arriving late — again; Choose Chicago commissions a NASCAR economic impact study; Chicago is a player in AI jobs, but lags its peers; and the total value of distressed U.S. offices jumps to $24.8 billion, more than malls. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/20/23: Forecast expects lull in housing demand

fsennett@crain.com (Frank Sennett) — Wed, 19 Jul 2023 21:45:56 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including one forecast that suggests 'muted' demand for city homes through 2030. Plus: Sierra Club aims to sue Trump Tower, U of C Booth school announces 10-month master’s program, Cameo cuts headcount by more than half and the White House asks Walgreens, CVS, Walmart for help promoting drug-cost law. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/19/23: United ponies up for tentative pilots deal

fsennett@crain.com (Frank Sennett) — Tue, 18 Jul 2023 21:55:15 +0000

Crain's reporter John Pletz joins host Amy Guth to talk about United Airlines, the tentative deal reached with the pilots union and what the airline has done to navigate challenges facing the industry during a busy summer travel season. Plus: First lawsuit filed in NU hazing scandal against former football coach Pat Fitzgerald, trustees, administrators; Outcome Health execs using novel argument to try to overturn their fraud convictions; Blue Cross & Blue Shield of Illinois looks to fill 300 jobs in Pilsen; and state Supreme Court rules SAFE-T Act provision eliminating cash bail is constitutional. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/18/23: Condos-to-apartments deals dot Chicago landscape

fsennett@crain.com (Frank Sennett) — Mon, 17 Jul 2023 21:19:25 +0000

Crain's commercial real estate reporter Alby Gallun talks with host Amy Guth about condo deconversions around the city. Plus: As Mayor Johnson prepares his first city budget, he wants ideas from city youth; Chan Zuckerberg biohub will move to new space in Fulton Market; United Airlines pilots reach tentative contract deal; and Legal Sea Foods to replace Dick's Last Resort in Marina Towers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/17/23: Hazing scandal ignites crisis at Northwestern

fsennett@crain.com (Frank Sennett) — Fri, 14 Jul 2023 20:04:10 +0000

Crain’s reporter Brandon Dupré talks with host Amy Guth about the Northwestern hazing scandal, questions facing the university’s president and the future of its stadium project. Plus: Finalists for Chicago Police chief selected, sent to Johnson for consideration; JPMorgan and Wells Fargo bulk up reserves for office loan losses; Kraft Heinz to open $400 million distribution center in DeKalb; and NASCAR event a mixed bag for Loop restaurants. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/13/23: Big-money home deals slow down

fsennett@crain.com (Frank Sennett) — Wed, 12 Jul 2023 20:54:00 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including how big-dollar sales are down by half this year. Plus: Gov. Pritzker issues disaster proclamation over storms in late June and early July, leads contingent of state political and business leaders on U.K. 'trade mission;’ feds say Outcome Health founder still spends lavishly despite asset freeze; Chicago developer plans Deerfield entertainment and retail project; and United Center teams with Pepsi after long run with Coca-Cola. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/12/23: The 'ComEd Four' are fighting their corruption verdicts

fsennett@crain.com (Frank Sennett) — Tue, 11 Jul 2023 21:09:32 +0000

Crain's reporter Steve Daniels talks with Gist host Amy Guth about former ComEd CEO Anne Pramaggiore's 77-page appeal of the "ComEd Four" convictions. Plus: Northwestern head football coach Pat Fitzgerald is fired amid claims of hazing; Bank of America will pay $250 million to settle the feds' case over extra fees and unauthorized cards; Illinois pot sales turned around in June; and hotel revenue statewide bounced back in a big way over the past year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

7/11/23: Invest South/West's big construction tab

fsennett@crain.com (Frank Sennett) — Mon, 10 Jul 2023 20:47:55 +0000

Crain's reporter Alby Gallun talks with host Amy Guth about the city's Invest South/West program, its construction costs and where it fits into the broader South and West Side economies. Plus: UChicago and a Massachusetts firm will support startups in Hyde Park lab, hospitals to receive $9 billion after Supreme Court ruling, Out-of-town employers barely saw growth in their Chicago workforces last year and Chicago Atlantic pledges $150 million equity investment deal in New York. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/10/23: Recapping the waterlogged NASCAR event

fsennett@crain.com (Frank Sennett) — Fri, 7 Jul 2023 21:50:00 +0000

Crain’s Avery Donmoyer talks with host Amy Guth about NASCAR weekend, rain delays, crowd control and where the city might have felt the biggest impacts from the event. Plus: Downtown's office vacancy surge hits new record high, Chicago Fed chair says it's on path to curb inflation without triggering recession, Metra and the state plan to reboot Chicago-Rockford rail service and the birthplace of Black History Month gets National Park Service grant for rehab. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/06/23: New push to revitalize Englewood

fsennett@crain.com (Frank Sennett) — Wed, 5 Jul 2023 21:16:11 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including the Cook County Land Bank Authority’s recent effort to spur homeownership by targeting Englewood rehabs. Plus: Chicago pension debt rises to $35 billion as mayor hunts for fix, longtime Fulton Market building owner looks to cash out of landmarked building, United may cut Newark flights in effort to stem delays and Cook County continues to lose Black residents, along with other big cities. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

07/05/23: Who will step into Jim Crown's shoes?

fsennett@crain.com (Frank Sennett) — Fri, 30 Jun 2023 21:48:15 +0000

Crain’s Steven Strahler talks with host Amy Guth about possible succession paths for Henry Crown & Co. after the recent death of CEO Jim Crown. Plus: Universities navigate tricky future as SCOTUS strikes down affirmative action, local in-office work figures dip from post-pandemic high, powerful attorney and top academic both being pushed to lead city planning department and Abbott shareholders, including a powerful union pension, take aim at leadership. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/29/23: Agent pleads with Chicagoans to stay

fsennett@crain.com (Frank Sennett) — Wed, 28 Jun 2023 21:42:26 +0000

Host Amy Guth talks with Crain’s Dennis Rodkin about news from the local housing market and with local real estate agent Mike Conner, who has a message for Chicago residents: Please don’t leave. Plus: Invest South/West projects ring up sky-high construction costs, Medline names new CEO, unemployment nearing record low around metro Chicago and expect to pay less for beef, more for booze this Independence Day. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/28/23: Argonne's shiny new $500 million toy

fsennett@crain.com (Frank Sennett) — Tue, 27 Jun 2023 22:10:34 +0000

Crain’s tech reporter John Pletz talks with host Amy Guth about Argonne Labs’ new supercomputer that’s shaping up to be the fastest in the world. Plus: Walgreens plans more cuts after missing profit target, O'Hare one of the best airports for avoiding flight disruptions this summer, Cubs will offer direct streaming option later this summer and Bears CEO Warren says Arlington Heights negotiations at a 'stalemate' while another city woos the team. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/27/23: Rocky Wirtz has plans for United Center region

fsennett@crain.com (Frank Sennett) — Mon, 26 Jun 2023 21:10:49 +0000

Crain’s reporter Danny Ecker talks with host Amy Guth about Chicago Blackhawks ownership showing they have residential, hotel and retail development plans attached to their practice facility expansion. Plus: Jim Crown, scion of one of Chicago’s wealthiest families, dies in Colorado accident, shocking members of business and government; office owners get dire warning in new report that rebound unlikely before 2040; Cubs win lawsuit that claimed Wrigley renovations violated the Americans with Disabilities Act; and with diversity on boards lagging, Giannoulias and researchers target more corporate cooperation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/26/23: Cool off with a surefire summer performance

fsennett@crain.com (Frank Sennett) — Fri, 23 Jun 2023 18:58:51 +0000

Crain’s contributor Graham Meyer, who writes the weekly Big Ticket column, talks with host Amy Guth about the can’t-miss arts and culture events in the month ahead. Plus: Banks' scramble for customers’ money means great savings rates and also industry anxiety; restaurant and bowling chain Pinstripes to go public; Kwame Raoul and five other AGs join feds' suit to block $28 billion Horizon-Amgen deal; and swarms of Taylor Swift fans helped boost CTA ridership. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/22/23: Bronzeville's ceiling keeps rising

fsennett@crain.com (Frank Sennett) — Wed, 21 Jun 2023 20:09:03 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about how the prices of new construction homes in Bronzeville are about to top $1 million, along with other news from the local housing market. Plus: A dustup emerges over the search for Chicago's next top cop, a look at Chicago expansion plans from world's top dairy maker after $3.2B Kraft deal in 2020, Bernie Sanders launches Senate probe into Amazon warehouse safety and state regulators clamp down on Nicor Gas. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/21/23: Looking at the Fast 50 class of 2023

fsennett@crain.com (Frank Sennett) — Tue, 20 Jun 2023 20:43:43 +0000

Crain’s researcher Sophie Rodgers chats with host Amy Guth about this year’s Fast 50, an exclusive list looking at Chicago's fastest-growing companies. Plus: Aircraft mega-deals prompt bubble warning from industry vets; FAA to investigate ground incident involving United and Delta jets; Rivian adopts Tesla’s EV charging standard, joining Ford and GM; NASCAR partners with Lou Malnati’s, Garrett, Vienna Beef for street race weekend; and Exelon commits to overhaul board in 'ComEd Four'-related litigation. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/20/23: What killed the good times at Instant Brands

fsennett@crain.com (Frank Sennett) — Mon, 19 Jun 2023 19:47:21 +0000

Crain’s reporter Steve Daniels talks with host Amy Guth about the familiar tale of private equity and debt that’s landed the maker of Instant Pot and Pyrex in bankruptcy. Plus: Outcome Health co-founder fighting government efforts to seize assets; Walgreens, CVS issue new rules to stop denials and delays for lawful reproductive drugs; Progressive hikes auto rates in Illinois by 5%; and Priztker faces blowback as Illinois plans to freeze enrollment for noncitizen health care programs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/19/23: Return of the grocery tax

fsennett@crain.com (Frank Sennett) — Fri, 16 Jun 2023 21:28:51 +0000

Crain’s reporter Avery Donmoyer talks with host Amy Guth about the Illinois' grocery tax going back into effect despite inflation still pushing up food prices. Plus: Alderperson wants Chicago pension funds to invest in real estate developments, Bally's clears another hurdle in the race to open a casino at Medinah Temple, mixed-income housing project on old Cabrini grounds scores city funding and a study shows Illinois ranks lowest of all states on racial equity. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/15/23: Home prices hit new heights in certain burbs

fsennett@crain.com (Frank Sennett) — Wed, 14 Jun 2023 20:10:15 +0000

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about home prices in some suburbs reaching record highs. Plus: McDonald's ranked as one of world's five most valuable brands according to Kantar, Modelo Especial passes Bud Light as best-selling beer, Chicago Public Schools proposes flat budget for next year and travelers catch a break as airfares and rental car prices fall. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/14/23: ChatGPT's already a fixture in Chicago biz

fsennett@crain.com (Frank Sennett) — Tue, 13 Jun 2023 21:50:50 +0000

Crain’s tech reporter John Pletz chats with host Amy Guth about how companies are approaching ChatGPT and other AI tools. Plus: Waukegan reportedly enters contest to host Bears stadium; Grubhub lays off 400 workers, the latest ripple in a recent wave of local cutbacks; GM, Samsung pick northern Indiana for EV battery plant; and United Airlines' Scott Kirby sees pilot deal adding over $8 billion in costs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/13/23: Corner Bakery Cafe bought out of bankruptcy

fsennett@crain.com (Frank Sennett) — Mon, 12 Jun 2023 18:11:35 +0000

Crain’s restaurants reporter Ally Marotti talks with host Amy Guth about the latest from the dining biz, including how a bid to buy Corner Bakery Cafe out of bankruptcy that has been approved in court. Plus: National opioid settlement including Walgreens, AbbVie's Allergan finalized for $17.3 billion; bill funding restoration of historic Pullman hotel going to Pritzker's desk; Walgreens sells remaining $330 million stake in Option Care Health; and Illinois among victims of massive cyberattack by ransomware gang. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/12/23: Sterling Bay turns to its fiercest critics to save Lincoln Yards

fsennett@crain.com (Frank Sennett) — Fri, 9 Jun 2023 18:54:45 +0000

Crain's reporter Danny Ecker talks with host Amy Guth about developer Sterling Bay’s effort to strike a deal with the Chicago Teachers' Pension Fund to help bail out its Lincoln Yards megaproject. Plus: Gov. Pritzker makes personal pitch as EV battery makers near decision on Illinois plants, developer pulls plan to turn Baxter HQ into industrial park, the Chicago Sky's new co-owners include Laura Ricketts and Mary Dillon, and Midway is back to pre-pandemic strength, but O'Hare is lagging. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/08/23: Chicago's vast racial home-value chasm

fsennett@crain.com (Frank Sennett) — Wed, 7 Jun 2023 18:51:55 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including how Chicago has one of the widest racial gaps in appraised home values among big U.S. cities. Plus: NASCAR to shut down Lake Shore Drive for nearly a week, Vienna Beef plans to turn former Bucktown factory into HQ and restaurant, environmental activists vow to continue fight over Southeast Side metal shredder and Amtrak seeks funding to boost one of its major Chicago routes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/07/23: How to give City Council real teeth

fsennett@crain.com (Frank Sennett) — Tue, 6 Jun 2023 20:26:10 +0000

Crain’s contributor Steve Hendershot talks with host Amy Guth about the latest entry of One City, 50 Wards. Plus: Bears' Naperville talks open the door to a fresh offer from Chicago, Giannoulias suing Coinbase for violating state securities law, Google to pay out $95 each to claimants in Illinois privacy settlement and Chicago chefs notch two wins at James Beard Awards. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/06/23: Chicago Bears flirt with Naperville for new stadium site

fsennett@crain.com (Frank Sennett) — Mon, 5 Jun 2023 21:41:23 +0000

Crain's reporter Danny Ecker talks with host Amy Guth about the latest news on the Chicago Bears' stadium development plans, as Naperville tries wooing the team, which says they’re no longer solely focused on building in Arlington Heights. Plus: Illinois EPA awards $12.6M to build initial wave of EV chargers, big data center deal brewing in Elk Grove Village, private credit firm lists big Wacker Drive sublease and airlines bask in sky-high summer fares while airports stay stuck. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/05/23: Illinois tightens its leash on private health insurance

fsennett@crain.com (Frank Sennett) — Fri, 2 Jun 2023 21:26:15 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about new regulations put in place around the health insurance industry, including rules on pricing. Plus: Mayor Johnson names the city's top attorney, cheapest alternative to AbbVie's Humira will be at 85% discount, State Street landlord misses payments on $50 million mortgage and new figures show tourists flocked back to Chicago in 2022. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

06/01/23: Chicago home prices stay solid, with one caveat

fsennett@crain.com (Frank Sennett) — Wed, 31 May 2023 18:36:38 +0000

Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth about local housing news, including how Chicago-area home prices have been steadier than those in most major U.S. cities in recent months, but the long-term trend since the dawn of the pandemic has been weaker here than in most other cities. Plus: BMO hints at broad layoffs as revenue growth lags cost increases, developers push ahead with nearly 300-unit housing project in Skokie, one of Chicago's fastest-growing startups has laid off 10% of its staff and plant-based meat predicted to rebound as it gets cheaper and tastier. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/31/23: Aldermen try again on outdoor dining

fsennett@crain.com (Frank Sennett) — Tue, 30 May 2023 20:37:13 +0000

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05/30/23: Starting the summer with an all-timer of a show

fsennett@crain.com (Frank Sennett) — Fri, 26 May 2023 19:35:45 +0000

Check out Graham Meyer's Big Ticket column here.

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05/25/23: In this market, even ho-hum homes draw scads of bids

fsennett@crain.com (Frank Sennett) — Wed, 24 May 2023 20:42:27 +0000

Why are some ordinary houses getting an extraordinary number of offers? Crain's residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest local housing news. Plus: Marina City's retail space and the Hotel Chicago both hit the market; higher fares and bigger crowds await Americans vacationing abroad this summer; Walgreens settles claims with consumers over Theranos blood tests; and a big production studio campus is set to open on the Northwest Side early next year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/24/23: What's cooking in Northwestern's startup hub

fsennett@crain.com (Frank Sennett) — Tue, 23 May 2023 20:59:31 +0000

Host Amy Guth checks in with Mike Raab, executive director of The Garage at Northwestern, about the university’s student startup competition Venturecat and chats with a few of the semifinalists. Plus: Federal Reserve survey says Midwest business outlook is still weak, Lettuce Entertain You named food partner for NASCAR Chicago event, Peoples Gas' $15 million customer refund could lead to an even bigger one and Graham Foundation reveals $560,000 grant recipients — including four Chicago artists. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/23/22: Horizon merger hits perilous roadblock

fsennett@crain.com (Frank Sennett) — Mon, 22 May 2023 17:06:21 +0000

Crain’s health care reporter Katherine Davis and host Amy Guth break down the ongoing saga around the Horizon-Amgen deal. Plus: "Compensation actually paid" varies widely on CEO compensation under new SEC rule, Google and IBM validate U of C's quantum ambitions, Apple Store in Lincoln Park hits the market and local food pantries see surge in demand as federal aid disappears. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/22/23: The contrarian tycoon, Sam Zell

fsennett@crain.com (Frank Sennett) — Fri, 19 May 2023 21:09:25 +0000

Crain’s commercial real estate reporter Alby Gallun joins host Amy Guth to discuss the recent death of billionaire real estate investor Sam Zell and the legacy he leaves behind. Plus: Peoples Gas customers are in line for a big refund, BP agrees to 'record-setting' $40 million fine over Whiting refinery emissions, Addison and Clark development next to Wrigley Field sells for a big loss and Peotone airport plan lasses legislature, but the outcome is uncertain. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/18/23: Chicago's vacation home market is on fire

fsennett@crain.com (Frank Sennett) — Wed, 17 May 2023 18:37:43 +0000

Crain's real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including about the still-hot demand for vacation homes and the city’s plans for a long-fallow lot in Pilsen. Plus: Luxury hotel St. Regis Chicago changed owners just one day after opening, court rules against co-working giant Industrious in lawsuit over shuttered West Loop location, Jeep Cherokee owners warned to park outside citing fire risk and Johnson tours makeshift migrant shelters on his second day in office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

5/17/23: What's first for Mayor Johnson?

fsennett@crain.com (Frank Sennett) — Tue, 16 May 2023 20:18:11 +0000

Read Justin Laurence's reporting on Mayor Brandon Johnson's first day in office here.

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05/16/23: Brandon Johnson takes over the fifth floor

fsennett@crain.com (Frank Sennett) — Mon, 15 May 2023 21:44:07 +0000

Brandon Johnson was sworn in as the 57th mayor of Chicago. Plus: Crain’s reporter Ally Marotti talks with host Amy Guth about the newly opened Englewood Save-A-Lot, which was initially delayed after community pushback; Groupon terminating HQ lease early; Illinois Medicaid and SNAP beneficiaries' personal info leaked in data breach; and Kraft Heinz agrees to $450M settlement with shareholders over 2015 merge. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/15/23: A new but familiar neuroscience startup in Evanston

fsennett@crain.com (Frank Sennett) — Fri, 12 May 2023 20:56:51 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about a biotech researcher opening a new lab in Evanston after a previous startup of his shut down. Plus: Chicago police receive more than 50 applicants for superintendent role, Groupon issues 'going concern' warning to investors, Lightfoot issues executive order on environmental justice and United climbs rankings for business and first-class travelers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/11/23: Chicago lags in key housing market stat

fsennett@crain.com (Frank Sennett) — Wed, 10 May 2023 18:06:31 +0000

Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth on news from the local market, including how people with mortgages in Chicago are not as house-rich as they are in other big metro areas. Plus: Lightfoot issues an emergency declaration over migrant surge, Illinois marijuana sales stalled in April, Sterling Bay CEO says Lincoln Yards is in talks for new financing and Shedd Aquarium will close for NASCAR race weekend. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/10/23: Is the City Council the answer to Chicago's problems?

fsennett@crain.com (Frank Sennett) — Tue, 9 May 2023 19:48:09 +0000

Crain’s contributor Steve Hendershot talks with host Amy Guth about how the City Council can lead the response to Chicago's most urgent challenges. Plus: Bally's plans to offer city residents stakes in Chicago casino, Byron Allen sues McDonald's over ad spending, Baxter to sell biopharma unit for $4.25 billion and a fight over Japan illustrates a bigger battle for United Airlines. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/09/23: Johnson brings serious overhaul to City Council

fsennett@crain.com (Frank Sennett) — Mon, 8 May 2023 19:54:47 +0000

Crain’s reporter Justin Laurence talks with host Amy Guth about how Mayor-elect Brandon Johnson is putting his stamp on City Council by way of a major committee shake-up. Plus: Sentencing dates set for the 'ComEd Four,' Biden to seek rules for airline benefits to stranded travelers, Rivian's first-quarter report to reflect lower sales due to factory downtime and what’s changing as the COVID emergency designation period comes to a close. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/08/23: Portillo's eyes a path fast-food joints hesitate to go

fsennett@crain.com (Frank Sennett) — Fri, 5 May 2023 19:04:24 +0000

Crain’s restaurants reporter Ally Marotti talks with host Amy Guth about Portillo’s mulling risky expansion options, the Labor Department fining three McDonald’s franchisees for violating child labor laws and more. Plus: Bally's and Tribune parent reportedly reach a deal to clear the way for casino, Baxter names CEO for planned kidney care spinoff, Chicago-based life sciences incubator raises $75 million for new cities and CTA is getting $200 million from the feds for new train cars. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/04/23: A new house, fresh off the assembly line

fsennett@crain.com (Frank Sennett) — Wed, 3 May 2023 20:57:05 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about new houses rolling out of one South Side plant. Plus: Tax assessor Fritz Kaegi moves to jack up Bears' Arlington Heights tax tab, Illinois near the top in U.S. in pot taxes collected, Chicago a 'bright spot' in nationwide hospital safety survey and why flights might get cheaper after a busy summer. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/03/23: All ruled guilty in 'ComEd Four' trial

fsennett@crain.com (Frank Sennett) — Tue, 2 May 2023 19:35:18 +0000

Follow the reporting of Steve Daniels here.

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05/02/23: Struggling hospitals turn to Illinois for help

fsennett@crain.com (Frank Sennett) — Mon, 1 May 2023 21:10:00 +0000

As hospitals and other health care providers continue to struggle with rising costs and other issues, industry groups headed to Springfield to urge legislation they say could help. Crain's health care reporter Katherine Davis discusses their push with host Amy Guth. Plus: It takes $172K to feel like you make $100K in Chicago, Brandon Johnson names John Roberson as city's incoming COO, Rivian's troubles don't end at a 93% stock price wipeout and JPMorgan to acquire failed regional bank First Republic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

05/01/23: Previewing May's must-see events

fsennett@crain.com (Frank Sennett) — Fri, 28 Apr 2023 21:18:38 +0000

Crain's contributor Graham Meyer, who writes the weekly Big Ticket column, talks with host Amy Guth about can’t-miss arts and culture events in the month ahead. Plus: Illinois delegation asks Congress for $75M to pay for 2024 DNC, civilian oversight commission hires recruiting firm for new CPD chief search, big Fulton Market apartment project moves forward with $125 million loan and applicants for new weed licenses nearly triple thanks to rules overhaul. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/27/23: Red tulips for empty, redlined lots

fsennett@crain.com (Frank Sennett) — Wed, 26 Apr 2023 18:28:07 +0000

Crain's residential real estate reporter Dennis Rodkin and host Amy Guth recap local housing news, including a look at the latest data around home prices in Chicago and how 100,000 red tulips in Washington Park mark sites of redlining. Plus: Trump hotel poised for $1 million tax refund, Foxx announced she won’t seek another term as potential successors start to emerge, Lewis University and St. Augustine College to merge, Tinley Park concert venue renamed, and Jose Cuervo owner set to buy Wacker Drive office building. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/26/23: Exec pay cuts, rebelling franchisees at McDonald's

fsennett@crain.com (Frank Sennett) — Tue, 25 Apr 2023 21:08:29 +0000

Crain’s restaurants reporter Ally Marotti updates host Amy Guth on all things McDonald's, including executives taking a hit to the wallet, franchisees fighting against rule tightening and an ad calling out "blatant racism" at the company. Plus: Chicago Fed report hints at looming recession here, Avli Restaurant Group expanding to Fulton Market, developer details plans for industrial park on Baxter's Deerfield HQ, and business travel is reportedly on the rebound, but in a way that signals the industry is likely to look different than before the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/25/23: How tech can level Chicago's economic disparities

fsennett@crain.com (Frank Sennett) — Mon, 24 Apr 2023 20:27:29 +0000

Crain's contributing columnist Orphe Divounguy chats with host Amy Guth on making markets more free, fair and competitive. Plus: Verizon store closing adds to Mag Mile's woes; as United eyes Europe and business travel, Newark takes center stage; the hot market for industrial space; and ComEd wants a $247 million rate hike on top of the $1.5 billion hike already pending. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/24/23: The 'ComEd Four' mount a defense

fsennett@crain.com (Frank Sennett) — Fri, 21 Apr 2023 21:35:17 +0000

Crain's utilities reporter Steve Daniels talks with host Amy Guth about the latest in the trial of the "ComEd Four" as the case heads into closing arguments. Plus: Brandon Johnson faces tough choice as the search for the next Chicago police chief moves forward, strong demand for Abbott's medical devices partially offsets COVID test declines, Rivian says its vehicles will qualify for full tax credit, and Chicago collective who aims to help women gets $2.25 million award from JPMorgan Chase. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/20/23: One way to hang onto your ultra-low mortgage

fsennett@crain.com (Frank Sennett) — Wed, 19 Apr 2023 19:58:04 +0000

Crain's reporter Dennis Rodkin and host Amy Guth discuss the latest residential real estate news, including what could be the area's most expensive home and a strategy that lets homeowners keep their ultra-low-interest mortgages in the age of escalating rates. Plus: Chicago is the fourth-wealthiest city in the U.S. when you count millionaires; the police department plans to enforce curfew laws and add security measures after a weekend of violence; experts argue for saving the downtown Greyhound station as a critical transit hub; and Molson Coors is poised to move to BMO Tower and join the herd of companies shedding big chunks of office space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/19/23: Soon-to-be grads are snapping up jobs

fsennett@crain.com (Frank Sennett) — Tue, 18 Apr 2023 21:25:00 +0000

Crain's reporter John Pletz tells host Amy Guth why far more college seniors are rushing to accept job offers this year. Plus: Mayor Lightfoot's budget office leaves a parting gift for her successor, Brandon Johnson — but not without strings attached; Southwest Airlines resumes flights after a brief halt amid tech trouble; Wells Fargo warns more office-market stress is on the way; and rising prices lifted local retail and restaurant sales in 2022. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/18/23: Hospitals brace for a revenue hit

fsennett@crain.com (Frank Sennett) — Mon, 17 Apr 2023 21:55:35 +0000

Crain's health care reporter Katherine Davis talks with host Amy Guth about how thousands of patients face losing Medicaid coverage this year, causing hospitals that serve poor communities to fear revenue declines that could lead to cuts in staff and services. Plus: Big tests are ahead for the Supreme Court, Springfield legislators and especially Mayor-elect Brandon Johnson; Crain's exclusive Privately Held Companies list reveals the firms that grew fastest last year; McDonald's is making tweaks to its classic burgers; and WeWork gets hit with an eviction lawsuit after it closes its biggest Loop location. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/17/23: Walmart closings draw ire from the city

fsennett@crain.com (Frank Sennett) — Fri, 14 Apr 2023 21:23:17 +0000

Mayor Lori Lightfoot and Mayor-elect Brandon Johnson blasted Walmart after the retail giant announced plans to close four Chicago stores. Crain's retail reporter Ally Marotti discusses with host Amy Guth. Plus: BMO Tower is getting a new tenant who's adding space, Deloitte reports biz travel will lag well into next year, Rivian shifts to in-house motors to boost production and owner of former home of Emmett Till picked for federal environmental justice money. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/13/23: Asking-price creep around Chicago

fsennett@crain.com (Frank Sennett) — Wed, 12 Apr 2023 18:43:31 +0000

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including how asking prices for homes hit a new high. Plus: New survey says most Americans say they or a family member has experienced gun violence, Advocate Aurora's 2022 financial performance takes a hit, Ernst & Young calls off splitting its audit and consulting units and federal grant likely to cover millions in security costs for 2024 DNC. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

04/12/23: The case against the 'ComEd Four'

fsennett@crain.com (Frank Sennett) — Tue, 11 Apr 2023 21:44:18 +0000

Crain’s utilities reporter Steve Daniels, who has been covering the "ComEd Four" trial, talks with host Amy Guth about the case as the prosecution begins to wrap up. Plus: Outcome Health execs convicted in federal fraud case, Chicago to host 2024 Democratic National Convention, DuSable Lake Shore Drive to partially shut down three days before first NASCAR race and Citadel’s Ken Griffin cuts another Chicago tie. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.