After an offer from the developer, a joint venture including Chicago-based Lodging Capital Partners paid $30 million for a 20 percent share in the parcel.
(AP) — Groupon named co-founder Eric Lefkofsky as CEO, replacing Andrew Mason, who was fired from the online deals site in February amid growing concerns about its financial performance.
The Schaumburg-based company continues to see revenue decline as fewer students enroll in its schools.
(AP) — Oreo cookie maker Mondelez International Inc. reported a better-than-expected profit Wednesday and sharply raised its stock buyback authorization, a move intended to placate investors.
If you suddenly feel surrounded by film crews, it's not your imagination. Six TV shows and a movie are being filmed here. We asked two location managers to dish on what it takes to find the right setting.
The two Chicago-area schools headed Forbes magazine's annual list of the top schools in the region.
The Chicago-based funds allege that a swaps fraud related to the subprime mortgage market cost them billions of dollars in losses.
Northstar wants a $556 million reduction in its five-year profit target after regulators nixed a Keno-style game.
The property “is in a dangerous and hazardous condition and poses a serious and imminent threat to the health, life and safety of the public,” the village alleges.
The agency has decided not to pursue civil charges against Magnetar Capital LLC, the Wall Street Journal reported.
In the city's first foray into the debt market since its credit rating was downgraded three notches last month, Chicago saw high demand for nearly $250 million in bonds sold yesterday, backed by car rental fees at O'Hare International Airport. Crain's has the story.
Northbrook Bank & Trust filed a $3.9 million foreclosure suit against a venture led by Matthew O'Malley over two loans on the building housing his City Tavern restaurant.
A venture of Chicago-based Centrum Partners paid two Joseph Freed affiliates $4.5 million for several small commercial properties on North Milwaukee Avenue.
A venture of Skokie-based Newport Capital Partners bought the 25,300-square-foot Clybourn Galleria building for $11.8 million.
Six years after paying Marc Realty LLC $22.7-million for a 10-story vintage building at 216 W. Jackson Blvd., Farbman Group is selling the property back to a Marc venture.
The Chicago firm and Boston-based pension fund adviser Great Point Investors LLC plan to complete the 218,500-square-foot building by late this year.
Paul Hart talks about the jump in wine auction sales and the company's best retail sales year ever.
New in Chicago
Our weekly startup roundup spotlights a service to simplify buying extended vehicle warranties, an Ohio ice cream shop expanding to Chicago, a service that finds someone to mind the baby — and your life — and more.