Crain's Chicago Business

ChicagoBusiness.com serves as the official news platform for Crain's Chicago Business, which is part of a collection of over 20 business publications owned by Crain Communications. As a leading source for news, insights, and information on the business landscape in metropolitan Chicago, ChicagoBusiness.com caters to decision-makers in both the private and public sectors. To ensure their audience stays informed, Crain's employs a dedicated team of more than 20 skilled journalists. Additionally, Crain's publishes a weekly magazine titled Crain's Chicago Business, offering in-depth analysis, commentary, special reports, and various features. The organization also creates databases, hosts live events, and develops sponsored content, all aimed at enhancing readers’ understanding of the local business environment.

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Chicago’s Purple Pig is branching out to the suburbs

1 day ago | chicagobusiness.com | Brandon Raphael Dupre

Chicago’s Purple Pig is making a push into the suburbs, joining the trend of Chicago restaurant groups making the move following the pandemic. Purple Pig, the popular James Beard award-winning restaurant in Streeterville, announced it will open an outpost in Oak Brook, the group’s first suburban location, later this year.
University of Illinois Urbana-Champaign taps its next chancellor

1 day ago | chicagobusiness.com | Brandon Raphael Dupre

Charles Lee Isbell Jr., a computer scientist and the former provost at the University of Wisconsin-Madison, has been named the 11th chancellor of the University of Illinois Urbana-Champaign and vice president of the University of Illinois System. Isbell, 56, replaces longtime chief Robert Jones, who left to become the president of the University of Washington after 9 years in the post.
Judge rejects bid to dismiss MultiPlan, HCSC antitrust complaint

1 day ago | chicagobusiness.com | Hayley DeSilva

A federal district court judge on Tuesday denied motions to dismiss complaints in two lawsuits against data analytics firm MultiPlan — now operating as Claritev — and a slate of insurers, including Chicago-based Health Care Service Corp. Judge Matthew Kennelly of the U.S. District Court for the Northern District of Illinois denied Claritev's motion to dismiss complaints in two lawsuits involving federal and state antitrust and consumer protection claims.
UChicago receives $21M donation for new quantum research center

1 day ago | chicagobusiness.com | Brandon Raphael Dupre

Philanthropist Thea Berggren has donated $21 million to establish a new quantum center at the University of Chicago, which has distinguished itself as a leader in quantum research. The new center, which will be named the Berggren Center for Quantum Biology & Medicine, will pursue research that merges quantum technology with biology in the aim of better understanding diseases and the ways to treat them.
Jimmy Bannos Jr., former Purple Pig chef, opens Greek restaurant

2 days ago | chicagobusiness.com | Brandon Raphael Dupre

Jimmy Bannos Jr., the James Beard Award-winning chef formerly of Chicago’s Purple Pig, has announced his anticipated next act. Bannos will open Kouklas Greek Eatery, a contemporary Greek restaurant, at 7620 N. Milwaukee Ave. in Niles this summer, marking his first-ever solo venture and his latest move since he split with Purple Pig after some 15 years leading the kitchen.
Chicago developer lists West Loop apartment building for sale

2 days ago | chicagobusiness.com | Rachel Herzog

Four years after completing an apartment building in one of Chicago’s hottest downtown neighborhoods, a local developer sees an opportunity to cash out of the supply-constrained market. Tandem has hired brokers at CBRE to seek a buyer for Avra West Loop, a 20-story, 198-unit property at 1125 W. Van Buren St. that the firm built in 2021.
Developer buys River North site for office-to-apartments conversion

2 days ago | chicagobusiness.com | Rachel Herzog

A local developer plans to turn a vacant office building in River North into about 90 apartments, another midsize addition to the pipeline of office-to-residential projects planned for downtown Chicago. A joint venture of Honore Properties and Peerless Development has acquired the development site at 50 E. Superior St., which holds an empty seven-story building, according to Cook County property records and Honore founder Michael Shenouda.
Dan McGrath: Cubs fans, feel free to indulge in the PCA hype — to a point

2 days ago | chicagobusiness.com | Dan McGrath |Dan Mcgrath

The condition is known as Felix Pie Syndrome, and it prevents those who are exposed from buying into the hype over Cubs center fielder Pete Crow-Armstrong. And man, is it out there. A TV host began a recent report by noting the convenient similarity between “P-C-A” and “M-V-P.” A clear-eyed veteran writer declared him a lock for the All-Star Game.
The Dining Table recommends: Freddy's Pizza

2 days ago | chicagobusiness.com | David Manilow

If you want to try a throwback spot that'll make you yearn for simpler times, make your way to Freddy's Pizza in Cicero. I don’t know what their secret sauce is. Maybe that it’s a corner grocery store or that husband-and-wife owners Joe and Ann Marie Quercia welcome customers like family. Or maybe it’s the smell of fresh baked bread, the feel of quality or the sight of all the specialties as you approach the counter.
Developers land financing for One Winnetka project

3 days ago | chicagobusiness.com | Rachel Herzog

A Chicago developer has landed financing for a project to transform a long-fallow downtown Winnetka site with luxury rentals and retail. The team behind One Winnetka, a joint venture of Murphy Development Group and Harrison Street CEO Christopher Merrill, has closed on a construction loan from ACRES Capital for the development, which will include 59 luxury apartments and more than 20,000 square feet of retail space, according to an announcement.