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Also, Ares Commercial Real Estate is moving its headquarters to the top floor of the UBS Tower, and Harrison Street buys a self-storage building in Edgewater
(AP) — Ray LaHood, a former congressman from Illinois and the only Republican still in President Obama's first-term Cabinet, said Tuesday he plans to leave the administration.
Our weekly startup roundup includes a company launched when its founder took a fall. Plus: a wine store with an automated twist, a care-package service and more.
BMO Harris Bank filed a complaint on a 48-unit condo and town home development on Madison Street.
The new Case-Shiller report shows a 1.3 percent local decline in November.
Also, the Chicago School of Professional Psychology borrowed $10 million to refinance an office condo it owns in the old Helene Curtis Building, and a company that sells skateboarder-inspired clothing and equipment plans to open a store in Skokie.
(AP) — The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms as the lead bidders for its snack cakes.
Wanxiang America Corp. is interested in investing in electric car maker Fisker Automotive.
A venture led by New York investor Joseph Chetrit is believed to be seeking more than $40 million for the Michigan Avenue landmark.
Also, a state report says St. Anthony Hospital's dialysis center would duplicate existing services, and Illinois' 2010 workers compensation costs were highest among 20 big states in a study.
A dentist at a Southwest Side clinic allegedly made up a story about two "scruffy" thugs seeking out the owner of the practice.
Cook County hospital is set to ink a $3 million contract with Catamaran Corp. to manage pharmacy benefits for up to 115,000 patients that officials hope to enroll in a new Medicaid program this year.
Also, a Deerfield mansion is auctioned for $2.15 million and a Winnetka Colonial fetches $1.25 million.
Anixter International Inc. said it cut more than 200 jobs in the fourth quarter, citing “ongoing weak global economic conditions.”
Dr. Ramanathan Raju, CEO of Cook County’s health system, spoke to about 320 people at an event hosted by the City Club of Chicago.
Judge finds utility liable for its response to the worst summer storm in 2011.
(AP) — Industrial equipment maker Illinois Tool Works' fourth-quarter net income more than doubled, driven by a large gain from the sale of its decorative services unit. Its adjusted results met analysts' estimates.
Home prices in Chicago fell 1.3 percent in November, the third straight monthly drop and biggest decline in Case-Shiller's national 20-city index. On an annual basis, home prices were up 0.8 percent — the second-worst performance among the 20 cities. Crain's has the details.
(AP) — The Chicago-based mall owner acquired the warrants from the Blackstone Group and Fairholme Funds Inc.
Is your area on the upswing or still sliding? Use our interactive map to explore home price indexes in 240 Chicago-area ZIP codes.
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