Episodes
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...
Published 10/16/24
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...
Published 10/15/24
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.
Published 10/14/24
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...
Published 10/11/24
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...
Published 10/09/24
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...
Published 10/08/24
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...
Published 10/07/24
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.
Published 10/04/24
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.
Published 10/02/24
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.
Published 10/01/24
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.
Published 09/30/24
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.
Published 09/27/24
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;...
Published 09/25/24
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.
Published 09/24/24
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...
Published 09/23/24
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.
Published 09/20/24
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...
Published 09/18/24
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.
Published 09/17/24
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...
Published 09/16/24
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.
Published 09/13/24
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,...
Published 09/11/24
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...
Published 09/10/24
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.
Published 09/09/24
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.
Published 09/06/24
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing 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...
Published 09/04/24