Magna-Tiles is planning a major expansion in Bolingbrook, Illinois, with a new 245,000-square-foot headquarters that will combine offices, manufacturing, and distribution operations. According to theChicago Business Journal, construction is expected to begin in November at the Carlow Corporate Center, a large industrial and logistics park.
Lurie Children’s Hospital of Chicago has won state approval to build a proposed pediatric hospital and outpatient center in Downers Grove, clearing a major hurdle for a project designed to bring specialized children’s care closer to families in the western suburbs. The Illinois Health Facilities and Services Review Board approved the hospital’s Certificate of Need application, according to the hospital's announcement.
Kraft Heinz has agreed to sell its North American coffee business to private-equity firm One Rock Capital Partners for an enterprise value of $650 million, marking a major change for brands including Maxwell House, Gevalia and Sanka, according to a statement by the company. The transaction is expected to close in mid-2027, pending regulatory approval and other customary conditions.
The summer total included more than 20.4 million domestic passengers and nearly 4.6 million international travelers. July was the busiest month in the airport’s history, according to the city.
Whole Foods Market plans to open a smaller-format grocery store in Chicago’s Logan Square neighborhood, bringing a new food-shopping option to a former Family Dollar site near the CTA Blue Line’s California Avenue station, according to the Chicago Tribune. The company has signed a lease for the 10,000-square-foot building at 2280 N. Milwaukee Ave.
A historic office tower in Chicago’s Loop is being marketed for about $11 million, nearly seven years after its owner paid $64 million for the property, according to The Real Deal. The sale reflects the steep decline in downtown office values and the growing interest in office-to-residential…
Hyundai Translead is expanding its planned Illinois manufacturing project to $600 million and raising its job commitment to 3,750 full-time positions, according to the Chicago Business Journal. The announcement reportedly adds $150 million and 1,250 jobs to the company’s original plan, whic…
IMIO, an agricultural biotech startup that makes microbial products for farmers, has raised $12 million and relocated its headquarters from Vermont to Chicago. The company will use the funding to expand its laboratory and biomanufacturing operations as it works to improve soil performance and farm profitability, according to Sofinnova Partners.
Chicago is preparing to host four major expos and conferences focused on construction, medical imaging, quantum technology and high-performance computing. Together, the events will bring professionals, researchers, investors and technology leaders to the city for education, networking and bu…
Anthropic, the artificial intelligence company behind the Claude chatbot and one of the major players at the vanguard of the AI frontier, has officially filed for an initial public offering (IPO), taking a major step toward becoming a publicly traded company and revealing the extraordinary financial stakes behind its rapid growth.
Lurie Children’s Hospital of Chicago has won state approval to build a proposed pediatric hospital and outpatient center in Downers Grove, clearing a major hurdle for a project designed to bring specialized children’s care closer to families in the western suburbs. The Illinois Health Facili…
Kraft Heinz has agreed to sell its North American coffee business to private-equity firm One Rock Capital Partners for an enterprise value of $650 million, marking a major change for brands including Maxwell House, Gevalia and Sanka, according to a statement by the company. The transaction i…
The summer total included more than 20.4 million domestic passengers and nearly 4.6 million international travelers. July was the busiest month in the airport’s history, according to the city.
Whole Foods Market plans to open a smaller-format grocery store in Chicago’s Logan Square neighborhood, bringing a new food-shopping option to a former Family Dollar site near the CTA Blue Line’s California Avenue station, according to the Chicago Tribune. The company has signed a lease for…
A historic office tower in Chicago’s Loop is being marketed for about $11 million, nearly seven years after its owner paid $64 million for the property, according to The Real Deal. The sale reflects the steep decline in downtown office values and the growing interest in office-to-residential…
Hyundai Translead is expanding its planned Illinois manufacturing project to $600 million and raising its job commitment to 3,750 full-time positions, according to the Chicago Business Journal. The announcement reportedly adds $150 million and 1,250 jobs to the company’s original plan, whic…
IMIO, an agricultural biotech startup that makes microbial products for farmers, has raised $12 million and relocated its headquarters from Vermont to Chicago. The company will use the funding to expand its laboratory and biomanufacturing operations as it works to improve soil performance an…
Chicago is preparing to host four major expos and conferences focused on construction, medical imaging, quantum technology and high-performance computing. Together, the events will bring professionals, researchers, investors and technology leaders to the city for education, networking and bu…
Anthropic, the artificial intelligence company behind the Claude chatbot and one of the major players at the vanguard of the AI frontier, has officially filed for an initial public offering (IPO), taking a major step toward becoming a publicly traded company and revealing the extraordinary f…
In a major shakeup to the medical world of Chicago, two hospital giants, Rush University Medical Center and Endeavor Health, have announced plans to merge operations in a move that sends shockwaves through the city’s healthcare landscape.
Meta Platforms delivered a stronger-than-expected third quarter as advertising growth and early interest in its Muse AI agent helped support the company’s expanding artificial intelligence strategy. Revenue rose 26% to $64.6 billion, beating Wall Street’s $63.34 billion estimate, according t…
We finally know what it’ll cost to rebuild one of the biggest office towers in the Loop: more than $800 million.
Two major Chicago retail properties have changed hands at significantly low costs, highlighting both the challenges facing downtown shopping centers and renewed interest in the city’s central neighborhoods.
Amancio Ortega, the founder of Zara and parent company Inditex, has acquired Chicago’s One North Wacker office tower for about $550 million, adding one of the city’s largest recent office deals to his growing property portfolio, according to Yahoo Finance. Ortega’s family office, Pontegadea …
Tesla used a dramatic Texas demonstration to present its long-delayed next-generation Roadster, showing the electric sports car flying from a ramp, flipping in midair, and accelerating from zero to 60 mph in less than a second, according to Fox Business. The event revived Tesla’s promise of …
Chicago has overtaken two major cities—Miami and Manhattan—as the nation’s most competitive rental market, as a limited supply of apartments meets steady demand. During the peak 2026 leasing season, about 17 prospective renters competed for each available unit, and vacant apartments were lea…
Nike is relocating its longtime Chicago flagship store on North Michigan Avenue to a new location farther down the iconic shopping corridor, shifting from its decades-old home to a smaller retail space at the Shops at North Bridge.
SERHANT. has entered the Chicago real estate market with an AI-focused brokerage, even as agents across the country face a tougher challenge: setting home prices that attract buyers without sacrificing sellers’ returns. According to a press release, the company launched SERHANT. Illinois on …
IKEA plans to close its large IKEA Bolingbrook store and move the operation to a smaller location in Naperville, marking a major change for the Swedish furniture retailer’s presence in Chicago’s western suburbs. The Bolingbrook store will remain open until the new site is ready in late 2027,…
Netflix is cutting about 1,000 jobs worldwide, or roughly 6% of its workforce, in the company’s largest reduction since 2022, according to Fox Business. The layoffs come as the streaming leader faces slower growth, stronger competition, and rising pressure to invest carefully.
Amazon plans to expand its Chicago same-day delivery network with a new facility near Goose Island, after purchasing a vacant warehouse for $195 million. The center at 1237 W. Division St. is expected to open in late 2027 or early 2028 and create about 200 jobs, according to the Chicago Busi…
The supply chain for the pharmaceutical industry typically involves a number of different important stakeholder groups, such as wholesalers, pharmacies, manufacturers, distributors and healthcare providers, all of whom often extend over several countries. Being able to accurately track medic…
Morningstar plans to move its global headquarters to Chicago’s Thompson Center in late 2028, joining Google as a co-anchor tenant in one of downtown’s most closely watched redevelopment projects, the company announced in a press release. The investment research company will occupy more than …
Amazon plans to expand its Prime Air drone delivery service into the Chicago suburbs as part of a national rollout that could reach nearly 500 U.S. cities and towns by the end of 2026. According to the company’s announcement, the expansion would increase the company’s current reach more than…
NVIDIA announced in a press release Monday that its board approved an extra $150 billion for the company’s share repurchase program, bringing the remaining authorization to $235 billion. The company called it the largest increase of its kind in history, and said it expects to use the full am…
