Browsing: Business
Two veteran retail brokers have left JLL to join Newmark, marking a significant shift in Chicago’s commercial real estate scene. Their move underscores growing competition among top brokerage firms.
Tech jobs in Chicago declined in 2024, reflecting industry shifts and economic challenges. The Business Journals reports the city faces layoffs and hiring slowdowns, prompting concerns about the local tech sector’s growth.
The Violet Hour, a staple cocktail lounge in Wicker Park, has closed after 18 years. Known for its craft drinks and intimate ambiance, the closure marks the end of an era in Chicago’s vibrant nightlife scene.
Chicago companies are reshaping the business landscape with innovative practices, inclusive cultures, and tech-driven strategies. This shift is positioning the city as a hub for modern commerce and growth.
Vetter Pharma has broken ground on a $285 million state-of-the-art manufacturing facility near O’Hare International Airport, aiming to boost production capacity and create new jobs in the region.
The future of manufacturing lies in Chicago, but success depends on collaboration among businesses, government, and workforce development. Building this together can revitalize the industry and drive economic growth, says Crain’s Chicago Business.
An Afghan immigrant in Chicago has found success selling premium saffron sourced directly from Afghanistan. His business bridges cultures while supporting local farmers back home, highlighting immigrant entrepreneurship in the U.S. market.
A Chicago electrical contractor has secured a financial partner to fuel its growth ambitions. The collaboration aims to expand operations and boost innovation in a competitive market, marking a pivotal step in the company’s development.
The SBA’s decision to scale back operations in Chicago shifts responsibility to state and city leaders to address small business support and economic growth challenges, underscoring local action’s critical role.
Senator Tammy Duckworth warns Chicago risks a Los Angeles-style National Guard deployment amid rising violence. She urges preventive measures to avoid militarized intervention in the city’s streets.
A Kirkland & Ellis pro bono lawyer has departed for Jones Day shortly after working on a legal deal involving Donald Trump, sources tell Crain’s Chicago Business. The move highlights ongoing shifts in top legal talent.
A Winnetka mansion sold for $12 million in 2025, marking the highest residential sale price in the area this year, Crain’s Chicago Business reports. The deal highlights strong demand in luxury real estate.
A business-backed group has raised $10 million to influence City Hall policies, aiming to drive economic growth and reshape Chicago’s political landscape, Crain’s Chicago Business reports.
Business leaders in Chicago are falling short of local expectations, according to a recent Crain’s Chicago Business report. Community members express frustration over unmet promises and calls for greater accountability.
In a bid to attract new diners, Chicago chefs are partnering with local casinos, blending gourmet cuisine with gaming. This trend aims to boost business amid changing customer habits and economic challenges.
Crain’s Chicago Business highlights the vital link between thriving businesses and strong communities, emphasizing that economic growth depends on investing in local neighborhoods, workforce development, and inclusive policies.
A developer has proposed a 29-story apartment tower in Chicago’s Fulton Market district. The project aims to add significant residential space to the rapidly growing neighborhood, highlighting continued urban development.
Growth-minded leaders in Chicago are embracing innovation, sustainability, and tech-driven strategies to drive business success in 2025. Their focus on agility and community impact is reshaping the city’s economic future.
Jeff Bushofsky of Ropes & Gray LLP has been named to Crain’s Chicago Business’s Notable Litigators & Trial Attorneys list, recognizing his exceptional impact in high-stakes legal cases in Chicago.
Illinois Governor J.B. Pritzker urged Congress today not to fault states for the federal government’s immigration shortcomings, calling for comprehensive national reform to address the crisis effectively.