Chicago Business News for December 26, 2012

Illinois lawmakers face decisions on Medicaid expansion

(AP) — Illinois lawmakers soon will face two critical decisions over how to fully carry out President Barack Obama's health care overhaul.

InnerWorkings signs deal with William Grant & Sons

The Chicago-based online seller of commercial printing services said today it has signed a deal with a large whiskey company.

Chicago home prices post second straight drop

The local market saw the biggest decline among a 20-city index, according to new S&P/Case-Shiller data.

Retiring Mondelez exec to get $125,000 for consulting

Sanjay Khosla, who will step down as president of developing markets on March 31, will be paid nearly $14,000 a month to continue working with the new global snacks company.

Morning 10: Home prices fall | O'Hare customs delays | Hotel building boom

A closely watched index of local home prices fell significantly in October, its second straight decline, according to this morning's new S&P/Case-Shiller Index of Chicago-area single-family home prices. Read more in Crain's.

Reinsdorf-led firm plans apartments near United Center

Michigan Avenue Real Estate Group's proposed project is something of a pioneering move in a neighborhood where big stretches are dominated by parking lots serving the stadium.

Owner removes debt from former Crain building

The move by New York investor Joseph Chetrit is a sign that 360 N. Michigan may not be an office building much longer.

Fifield to buy, expand West Loop apartment building

The developer, who just sold Alta at K Station for $302 million, says he will pay $20 million for the 58-unit Mod and an adjacent parcel, where he plans to add 44 units.

Downtown office landlord accused of discrimination

A housing non-profit that serves low-income families alleges that Farbman Group declined to rent the group space in two buildings because most of its clients are black. Farbman denies any wrongdoing.

Bridge Development lands $800 million capital partner

Hunt Realty Investments has agreed to that amount as an initial input as the Chicago industrial developer also closed on a joint venture with another Dallas firm.

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