The suburban Chicago office market faces its biggest challenge in decades, as vacancy rates remain stubbornly high despite the steadily rebounding economy. What are the consequences for landlords, developers and tenants?
The money, the largest individual gift ever to the school, comes from the estate of graduate and former ITW exec James Russell, who died in 2011.
Chicago has to pay higher interest rates on the city's first bond sale since its credit rating was downgraded three notches last month.
Dr. Zulfikar Esmail, former chairman of the failed Wilmette bank, and his wife Shamim Esmail were accused of running a "criminal enterprise" to defraud the federal bank bailout program.
The 20-person Chicago firm, which provides retailers with real-time pricing updates, has sold itself to Market Track.
No lawmakers have been accused of wrongdoing, although the investigation is ongoing, the U.S. Attorney's Office in Chicago said.
Raghuram Rajan is the next governor of the Reserve Bank of India.
The recently announced sales of the Washington Post and the Boston Globe make clear there's still a market for major newspapers, but analysts say papers are worth more when sold separately.
The Loop-based firm, which specializes in event marketing, is to be acquired by shopper marketing firm Crossmark.
About 125 emergency room managers and social workers at hospitals from Massachusetts to Florida attended a conference on how to better serve a wide range of patients amid changes in the hospital industry.
(AP) — Chicago-based MillerCoors reported today that net income fell 5.3 percent to $412.7 million.
The Schaumburg-based company becomes an IT-focused division of Pluralsight, a move that will also benefit TrainSignal's network of instructors.
Chicago-based Cedar Street Co. paid $7.5 million to buy the Lawrence House out of foreclosure, but renovation and rent hikes are expected to push out its low-income residents.
Also, Silver Cross Hospital seeks a delay of its freestanding ER in Frankfort, and DaVita Healthcare Partners' proposed Near North Side and University Village dialysis clinics would duplicate existing services, the staff of a state panel says.
A battle has broken out among radiologists over the possible sale of a 73-doctor, south suburban practice to a Southern California firm on an acquisition binge.
Also, Toppers Pizza plans to expand in the Chicago area, and the NBC Tower owner buys a parking garage.
A trust tied to the Zalloni family, which has run the restaurant since 1985, sold the property at 1535 N. Wells after getting hit with a foreclosure suit.
Proposals to add beds by University of Chicago Medicine and Advocate Lutheran General Hospital don't meet state standards, according to reports by the staff of a panel that determines the fate of hospital projects.
The longtime hospital CEO was known as a no-nonsense executive and a tireless champion of access to quality health care.
Two venture capital backers of software maker Fieldglass are providing $5 million in funding to UrbanBound.
The private-equity firm may put up to $200 million into Crealta Pharmaceuticals, which aims to buy specialty pharma companies and products and will be run by Ed Fiorentino.
Dmitry Godin, CEO of Interbank Mortgage Co., paid nearly $13 million for a 15,000-square-foot French Provincial on Winnetka's lakefront.
Also, a Hinsdale home is listed for almost $2.5 million, and a report says Illinois closing costs are among the lowest in the U.S.
Thanks to an apparent loophole in state law, a south suburban Democratic bigwig will be paid both as a new member of the Chicago Transit Authority Board and as a township supervisor — even though others in a similar position have been forced to give up one paycheck or the other. Crain's