Steve Grzanich

Chicago

Anchor at WGN-AM (Chicago, IL)

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Articles

Northpoint Center in Arlington Heights acquired by Texas investor

3 days ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Arlington Height's Northpoint Center has been acquired by a Texas investor. According to Crain's, Encore Enterprises acquired a majority stake in the shopping center for $34 million. It's located at the intersection of Rand Road and Arlington Heights Road. AmCap affiliates previously had a majority stake and will maintain a minority share. Encore has also assumed AmCap's mortgage.
Krispy Kreme pauses partnership with McDonald's

6 days ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Krispy Kreme is pausing its partnership with McDonald's. The company says it's concerned about weakness in the economy and uncertainty about expansion of the partnership. It also withdrew its profit guidance after saying the partnership with the Chicago-based burger chain had hit a speed bump. Even with the McDonald's deal, Krispy Kreme sales came in weak. Its shares have fallen 30% since earlier this year.
State of Illinois sees improved revenue projections for upcoming fiscal year

1 week ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A new forecast includes improved revenue projections for the State of Illinois in the upcoming fiscal year, despite concerns about the local and national economy. The forecast comes from the Commission on Government Forecasting and Accountability, the General Assembly's independent forecasting arm. The projection is for $54.5 billion in revenue in fiscal year 2026, $266 million more than its March projection.
Bally's Chicago IPO registration opens up beyond just women and minorities

2 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. The initial public offering registration for Bally's Chicago has been amended after two federal lawsuits over alleged discrimination against white men. Bally's new registration opens up the IPO beyond just women and minorities. The filing was made with the Securities and Exchange Commission.
Illinois has 4 of 5 urban areas with highest property taxes

2 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A new study says four of the top five urban areas with the highest property taxes are right here in Illinois. Attom, a property information service, analyzed property tax rates for 217 metro areas. The highest were Rockford, Chicago, Peoria and Champaign-Urbana. Springfield ranked sixth. The analysis, reported by Crain's, says half of the 10 highest taxing metro areas in the nation are in Illinois.
United Airlines moves forward with air taxi service connecting neighboring cities

3 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. United Airlines is moving forward with an air taxi service that'll connect major airports with their surrounding host cities. Archer Aviation says it's ready to launch the service in New York and the air taxi would connect Manhattan with that area's three major airports using vertical takeoff and landing aircraft.
Rainbow Cone is coming to Michigan Avenue

3 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Rainbow Cone is planning for a new location in the Loop. The ice cream chain has a sign posted on the door at 163 N. Michigan. That area has been given the nickname "Street of Treats" because two other brands are also moving in soon, including an Auntie Anne's pretzels and Cinnabon. There's also Nutella and Stan's Donuts nearby. Rainbow Cone is set to open in June. Also, the Mag Mile's getting a new fashion brand.
Abbott Laboratories to spend $500 million on manufacturing facilities, including one in Illinois

4 weeks ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Suburban-based Abbott Laboratories says it will spend $500 million on two manufacturing facilities, including one in Illinois. The investments come despite new and threatened tariffs, including some on medical devices and diagnostics. Abbott says the investments will help the company boost U.S. research and development for its transfusion business. Abbott will hire as many as 200 people in Illinois.
Baker Tilly in talks to merge with Moss Adams

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. A big Chicago accounting and consulting firm is working on a merger that could push it into the industry's top ten. Baker Tilly is in talks to merge with Seattle-based Moss Adams, according to multiple reports. If the deal goes through, it will create the sixth largest accounting and consulting firm with more than $3 billion in annual billings.
United Airlines launches campaign for travelers to switch to their Mileage Plus program

1 month ago | wgnradio.com | Steve Grzanich |Michael Piff

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Chicago's hometown airline is making a play for the loyalty customers of competing airlines. According to Crain's, a new campaign launched by United Airlines is trying to get travelers to switch to its Mileage Plus program and promises they can keep their frequent-flyer status if they move.