The executives, founders, creators and strategists who make up our newest class of 40 Under 40 are leading Chicago into the future. These honorees are leading established business giants and startups, addressing corporate challenges and meeting social service needs, building neighborhoods and bolstering communities. See the full 40 Under 40 class here: https://lnkd.in/g2kMcqUZ
Crain's Chicago Business
Book and Periodical Publishing
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Crain's Chicago Business — the nation's pre-eminent regional business newspaper — is where the Who's Who reads what's what. Our newsroom delivers breaking news, cutting-edge analysis, thoughtful opinion and informative events to Chicago's corporate, civic and cultural leaders through a weekly print edition as well as through a suite of curated newsletters centered on the publication's website, ChicagoBusiness.com. Crain's motto: We help you succeed in Chicago. Go to www.chicagobusiness.com/register to sign up for our free email alerts.
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Updates
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"Reinsdorf just might do it. And for those who complain about the inconvenience of traveling to Bridgeport to watch baseball, try Nashville."
Dan McGrath: Reinsdorf has threatened to move the Sox before. This is different.
chicagobusiness.com
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It’s the movement in months on the $63 million condo selloff the billionaire launched after announcing his move to Florida.
Somebody’s buying Ken Griffin’s $11 million unfinished penthouse that comes with a pool
chicagobusiness.com
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The University of Illinois is scrapping its plans to build a $285 million research and teaching facility called the Discovery Partners Institute in the South Loop on the proposed site of The 78. Instead it wants to split the project in two, with a presence at the new quantum technology campus on the Far South Side at the former U.S. Steel plant, and classroom and office space downtown. The decision came just after preliminary construction had begun on the 1.5-acre site near 15th and Wells streets, the south end of the 62-acre neighborhood development known as The 78, when the university abruptly stopped the work to reconsider. U of I wants to take advantage of the momentum in quantum computing, which is seen as the next big leap in technology. Gov. JB Pritzker has committed $500 million to quantum, including the Illinois Quantum & Microelectronics Park, where it hopes to attract companies and research institutions with a state-of-the-art cryogenic facility. U of I is leading the buildout of the quantum park and will oversee its operations. “This is an unprecedented moment. The quantum opportunity is a game-changer for the state of Illinois,” said Tim Killeen, president of the U of I system, in an interview with Crain's. The decision leaves real estate developer Related Midwest without an anchor tenant for The 78, a massive neighborhood-in-the-making that is growing long in the tooth. Related donated the 1.5 acres to U of I in hopes that DPI would be an anchor tenant for the property along the South Branch of the Chicago River. Read more: https://lnkd.in/gqTnWqf8
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It's the latest blow to the arts college that laid off 70 employees and saw its president resign this year.
Columbia College had a huge drop in freshman enrollment. Where does it go from here?
chicagobusiness.com
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Several big-name tenants are set to replace recently vacated storefronts.
Geneva shopping center sells as Nordstrom Rack prepares to move in
chicagobusiness.com
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Chicago White Sox Chairman Jerry Reinsdorf, who has owned the team and exerted influence over Major League Baseball for more than four decades, is considering selling the team, The Athletic reports. The New York Times' sports outlet, citing unnamed sources, reports Reinsdorf is in talks with Smoke34, a group led by former MLB player Dave Stewart. Stewart and Smoke34 have previously been active in trying to secure an MLB expansion team for Nashville. Such a move would be about-face for Reinsdorf, who previously said he's advised his heirs to sell the team upon his death. Read more: https://lnkd.in/gDCDudGK
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The team's president is presenting a subtle change to his usual script on the proposed stadium.
Bears working on a one-size-fits-all stadium to keep options open
chicagobusiness.com
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Crain's Chicago Business reposted this
We here at Crain's Chicago Business revealed our 2024 40 Under 40 class today. Some really impressive Chicagoans on here! Full list: https://lnkd.in/gkMMpaHt