Crain's Daily Gist
Get a head start on your workday with the stories that matter most. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth.
10/15/25: Loop office-to-apartments plan faces legal hurdles
A Loop office tower slated for apartments won landmark approval from a city panel, but legal challenges for the project still loom. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.
Plus: Why vacancy isn’t dropping despite suburban office demand having just closed a big quarter; Johnson expected to revive head tax in 2026 budget plan; CTA plans 10% fare hike, joining Metra in raising rates; River North hotel seized by lender; and Cupich warns Trump's immigration raids erode human dignity.
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10/14/25: Illinois budget forecast darkens
Illinois says it's already facing a $267 million budget shortfall. Crain’s reporter John Pletz discusses with host Amy Guth.
Plus: Chicago auditor BDO cuts jobs under pressure from Apollo debt and client's collapse, Metra to increase fares to plug budget gap, cash-strapped CPS taps $200 million from credit line, Magnetar sold $1.9 billion in CoreWeave shares as insiders and investors started cashing in.
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10/14/25: Illinois budget forecast darkens
Illinois says it's already facing a $267 million budget shortfall. Crain’s reporter John Pletz discusses with host Amy Guth.
Plus: Chicago auditor BDO cuts jobs under pressure from Apollo debt and client's collapse, Metra to increase fares to plug budget gap, cash-strapped CPS taps $200 million from credit line, Magnetar sold $1.9 billion in CoreWeave shares as insiders and investors started cashing in.
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10/10/25: So you think you can trade
NinjaTrader is dangling $400,000 in prizes in its latest bid to lure retail traders. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.
Plus: French quantum company bringing American HQ to Chicago, Bally's pushback halts move to legalize video gambling in Chicago, Randhurst Village up for sale and Loop tower wins landmark panel OK as legal challenges loom.
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10/09/25: Illinois counties' tax sale case gets even shakier
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including a judge's decision putting Illinois counties on thin ice with property tax sales.
Plus: Thoma Bravo finalizes $5.5 billion Dayforce loan on high demand, flight delays pile up across U.S. as shutdown persists, UnitedHealthcare's pay cut to nurse anesthetists sparks federal discrimination complaint and a new Fulton Market development site hits the market.
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10/08/25: Plan for downtown transformation unveiled
Under a new city plan, downtown Chicago could more than double its population in the decades ahead. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.
Plus: Walgreens shuttering Old Post Office workspace, keeping Deerfield HQ; Illinois in the mix as Stellantis readies $10 billion U.S. reboot; developer pitches mid-rise building in northwest Fulton Market; and Chicago's largest accounting firms buck a national trend as layoffs sweep the industry.
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10/07/25: Breaking down Crain's latest 40 Under 40 class
Chicago's future is being built by this year's 40 Under 40 honorees. Crain’s assistant managing editor Ann Weiler joins host Amy Guth to talk about this year’s class of honorees shaping markets in finance, law, healthcare, real estate, hospitality, tech and the arts and sciences.
Plus: Johnson vows Chicago will fight to keep $2.1 billion in federal infrastructure grants, Colorado firm nears deal for Mag Mile office tower, Fifth Third to buy Comerica in year's biggest bank deal and airlines go beyond first class to adapt to luxury-seeking flyers.
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10/03/25: Funding uncertainty looms for Chicago transit
The Trump administration halted $2 billion for Chicago transit just as the RTA reassesses the coming fiscal cliff. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the uncertain future for CTA and Metra service.
Plus: Soaring downtown office vacancy still hasn't peaked, Chicago economy lags as tariffs and high interest rates bite deeper, more food delivery robots are coming to the city and Chicago hotels set summer record, though profits prove elusive.
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10/02/25: Chicago housing market bucks national slowdown
In Chicago, the housing market is staying hot while the U.S. cools, and FOMO is fueling surge in Lake Geneva luxury market. Crain’s residential real estate reporter Dennis Rodkin discusses with host Amy Guth.
Plus: What the U.S. government shutdown means for Chicago's federal workers, Arlington Heights weighs Bears' stadium economic impact pitch, Chicago Fed's Goolsbee says new tariffs are renewing business uncertainty and West suburban Whole Foods trades for $17 million.
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10/01/25: Illinois defies Trump health care moves
Illinois announced its own vaccination guidelines, going against the Trump administration, and formed a panel to counter Robert F. Kennedy Jr.'s data collection efforts on people with autism. Crain’s contributor Jon Asplund discusses with host Amy Guth.
Plus: CFO optimism recovers as tariff uncertainty becomes the new normal, South Works site sold as quantum campus beckons, UChicago sells market data unit to Morningstar in $375 million deal and Spirit Airlines furloughs Chicago flight attendants.
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09/30/25: Michelin-starred chefs carve new paths
Top Chicago chefs are breaking away from the daily restaurant grind, trading fine dining for flexibility. Reporter Ally Marotti discusses with host Amy Guth.
Plus: A whistleblower accuses Loyola hospital of organ transplant fraud, private equity firm eyes move to Salesforce Tower, some Starbucks stores in Chicago are on the chopping block and Metra to test cafe cars with free snacks on select lines.
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09/26/25: Fire's South Loop stadium clears council hurdle
With approval by the City Council, Chicago Fire FC's plan for a $750 million soccer stadium passed a major milestone. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.
Plus: American loses bid to stop O'Hare gate shuffle, Pritzker forms panel to counter RFK Jr.'s autism data efforts, City Council OKs coach house legislation with restrictions and Old Post Office owner nearing deal for massive Loop office building.
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09/25/25: More Chicago brokerages join Compass' empire
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including Compass scooping up the 2nd-largest Chicago-area residential brokerage in its latest mega-deal and a $120 million art collection going up for auction at Sotheby’s.
Plus: Pritzker tells agencies to look for 4% budget cuts, CHA reportedly picks team for 7-acre Cabrini-Green project, Museum of Science & Industry workers take step toward strike and Portillo's CEO is out effective immediately.
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09/24/25: Chicago dealmakers outpacing the U.S.
Dealmaking here is ahead of the curve despite a slower than expected ramp-up. Crain’s finance reporter Mark Weinraub talks about the local M&A landscape with host Amy Guth.
Plus: Capital One cutting nearly 400 jobs in latest layoffs tied to Discover acquisition, gunmaker Glock must face Chicago's lawsuit over gun mods, Algonquin Commons shopping center sold for $100 million after revamp and Illinois joins FTC suit against Ticketmaster and Live Nation over ticket resales.
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09/23/25: Chicago's moment in the culinary spotlight
The national buzz around Chicago's food brands is colliding with reality. Crain’s restaurants reporter Brandon Dupré discusses with host Amy Guth.
Plus: Thoma Bravo buying software firm PROS for $1.4 billion in latest tech deal, Molson Coors names new CEO in push beyond beer, developer pitches 56-story residential tower for Mag Mile and Chicago dealmaking ahead of the curve despite slower than expected ramp-up.
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09/19/25: A split alone won't fix Kraft Heinz's problems
With Kraft Heinz's breakup official, Crain's consumer products reporter Ally Marotti talks with host Amy Guth about what’s ahead for the newly formed companies.
Plus: Chicago Fire, Related Midwest win city panel OK for South Loop soccer stadium; AutoNation acquires Fletcher Jones Mercedes and Audi dealerships in Chicago; West Monroe buys California energy consultancy amid growth push; and O'Hare, Midway rise in latest customer satisfaction rankings.
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09/18/25: Buying frenzy for Chicago's top-end homes
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the latest news from the market, including a record year brewing in the upper reaches of Chicago-area housing.
Plus: American squares off in court against city and United over O'Hare gates, measure legalizing video gambling in Chicago advances over Johnson's objection, health care fraud unit notches first indictment with alleged $17.3 million fake claims scheme and Illinois lays new pathway for internationally trained doctors to earn licenses here.
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09/17/25: Chicago budget fixes on the table
A city task force has floated $2 billion in recommendations to close Chicago's budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.
Plus: The 50 largest law firms in the Chicago area, Madison Industries mulls $10 billion-plus Filtration Group sale, Chicago Sports Network's founding CEO steps down in leadership transition and Medline expands AI supply chain tool with Northwestern, Providence partnership.
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09/16/25: Downtown apartment owners test waters as rents climb
Crain’s commercial real estate reporter Rachel Herzog talks with host Amy Guth about the Chicago-area apartment market.
Plus: As Trump steps up Fed attacks, Chicago finance execs weigh in; Tempus gets FDA OK for AI-driven cardiac image analysis; former Mars Wrigley exec pleads guilty to $28 million in fraud charges; and GTCR buys SimpliSafe in deal expanding its home security portfolio.
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09/12/25: A spotlight on the 100 best Chicago workplaces
Crain’s 2025 list of the best places to work puts the spotlight on 100 Chicago-area companies that are offering workers the benefits, perks and support they need to thrive. Crain’s assistant managing editor for special projects Ann Weiler talks about this year’s list with host Amy Guth.
Plus: Developers line up $96 million in financing for West Loop apartment tower, Rivian recalls more than 24,000 vehicles over highway assist software fix, Merchandise Mart lands new lease with health care consultancy and Cboe leans into crypto in latest bid to woo retail traders.
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09/11/25: Chicago homebuyers getting cold feet
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including jittery homebuyers walking away from their contracts and new data on Fritz Kaegi's property tax assessments.
Plus: PsiQuantum raises $1 billion to help fund Chicago quantum computer, Potbelly to be acquired by convenience store chain in $566 million deal, Supreme Court to weigh Trump tariffs in case tied to Chicago toymakers and Fire South Loop soccer stadium wins alderman's blessing — if Sox stay away.
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09/10/25: Illinois' place in muddy vaccine landscape
Illinois is considering moving ahead independently on vaccines as longstanding federal immunization expertise is dismantled. Crain’s contributor Jon Asplund discusses with host Amy Guth.
Plus: Bears CEO invokes Super Bowl in latest bid to gain support for move to Arlington Heights, developers sue Loop tower owner over office-to-residential plan, Kin Insurance raises another $50 million for push into high-risk markets and Chicago medtech startup adds mHub and Endeavor Health to $10 million seed round.
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09/09/25: Feds signal Chicago immigration blitz
The Department of Homeland Security says its Chicago immigration crackdown, which many anticipated for weeks, has begun. Crain’s reporter John Pletz discusses with host Amy Guth.
Plus: Chicago Fed chief wants inflation data before making rate call, Chicago investor sells Park Forest apartments for $23 million, ex-Mayer Brown attorneys launch Akin Gump's Chicago office and Northwestern first to integrate Tempus' AI assistant into health records system.
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09/05/25: Schill's resignation adds to Northwestern tumult
Crain’s education reporter Brandon Dupré talks with host Amy Guth about Northwestern University President Michael Schill’s resignation amid blowback from the Trump administration.
Plus: Citadel's former Loop office tower HQ goes up for sale, Madison Dearborn buys NFP wealth businesses back from Aon for $2.7 billion, Chicago e-commerce platforms combine to create $3.5 billion firm and the Vatican picks two Chicagoans to open the first restaurant at the Pope's summer estate.
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09/04/25: Illinois dominates list of safe, wealthy towns
Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including a suburb ranked as the safest and wealthiest town in the U.S. for the second year in a row and the rehab of an East Garfield Park mansion aiming to spotlight to city’s West Side.
Plus: Pritzker says Texas Guard is prepping for Chicago posting as Trump vows federal action, Ulta raises sales outlook in signal of consumer strength, Advocate becomes latest health system to halt gender-affirming care for minors and McDonald's CEO says...
09/03/25: Walgreens enters private equity fold
With its purchase and breakup of Walgreens Boots Alliance finalized, Sycamore Partners has installed a new CEO. Crain's contributor Jon Asplund talks with host Amy Guth about the future of the now-private retail pharmacy giant.
Plus: Kraft Heinz to split into two separate public companies, judge rules Trump's L.A. troop deployment violated federal law, Johnson signs order to brace for potential immigration crackdown, downtown apartment rents continue to climb with little being built and Grubhub settles false advertising class action for $7 million.
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08/29/25: Financial pressure builds at UChicago, Northwestern
The University of Chicago is laying off staff and making budget cuts, while growing legal costs are weighing on Northwestern. Crain’s education reporter Brandon Dupré talks with host Amy Guth about the latest struggles for Chicago's prestige universities.
Plus: With takeover complete, Walgreens' private equity owner installs Staples execs in top jobs, Capital One laying off 215 at former Discover headquarters in Riverwoods, Naperville apartments trade for $136 million in highest-priced suburban sale of 2025 and Chicago Amtrak routes see fastest ridership growth in the nation.
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08/28/25: Major changes coming for Illinois' food system
A federal shakeup of SNAP will mean more stress on food distribution around Illinois. Crain’s contributor Judith Crown discusses with host Amy Guth.
Plus: UIC medical school under congressional scrutiny in antisemitism probe, Trump team is weighing options to extend influence to Fed banks, U.S. attorney's Chicago office launches health care fraud unit and developer buys Gold Coast site for $39 million.
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08/27/25: More Foundry Park details emerge
Developers redrawing plans for the northern portion of the former Lincoln Yards site have shared more details on the project. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.
Plus: Thoma Bravo strikes $2 billion software deal as private equity rebounds, DOJ demands all Illinois voter data by Labor Day, local investors buy distressed River North office building and Waterton lists big South Loop apartment complex.
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08/26/25: CME blurs the trading-gambling line
CME Group is pushing the boundaries of retail trading with its FanDuel venture. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.
Plus: Trump calls Chicago a "killing field" as report says Pentagon drew up National Guard plan, double-digit rate hikes in store for Illinois ACA plans next year, FTC says GTCR's Surmodics buy would harm medical device market and Chicago business schools lean into AI as job market evolves.
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08/22/25: Storied Chicago restaurant biz enters new era
Rosebud Restaurant Group is staging a renaissance. Crain's reporter Ally Marotti talks with host Amy Guth about the group's revival and a possible second act for Greektown.
Plus: Trump signals Chicago's next up for D.C.-style National Guard deployment, developers reveal new Foundry Park details at former Lincoln Yards site, Northwestern and fired coach Pat Fitzgerald reach settlement, CME pushes the boundaries of retail trading with FanDuel bet and Navy Pier seeks ideas to revamp eastern end.
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08/21/25: Literary landmark gets a new owner
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss news from the local housing market, including the sales of Ernest Hemingway's newlywed apartment in the Gold Coast and a South Shore home with ties to the Manhattan Project.
Plus: NASCAR will return to Chicagoland Speedway in July 2026, Vernon Hills apartment complex fetches $100 million, priciest suburban sale of 2025; lender seizing distressed hotel in Loop tower set for conversion; and nurses sue Endeavor Health alleging wage theft and dangerous understaffing.
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08/20/25: O'Hare's next big upgrade
Work is underway on the new $730 million concourse at O’Hare, the first of three major projects remaining that are part of a major upgrade and expansion of the airport’s terminals. Crain’s aviation reporter John Pletz discusses the project with host Amy Guth.
Plus: Sterling Bay puts its only finished Lincoln Yards building up for sale, CPS seeks $1 billion of short-term debt as cash gone, Pritzker Private Capital raises $3.4 billion for latest fund and historic church turned event venue on West Loop's edge is for sale.
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08/19/25: Johnson's zoning board overhaul meets resistance
Mayor Brandon Johnson's plan to push out the current zoning board chair has sparked independence concerns from City Council. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.
Plus: Work begins on $730 million O'Hare concourse, Pritzker signs toxic-tort bill that biz groups fear will open door to more lawsuits, Chicago developer buys River North loft office building and Bally's falls far short of $250 million casino stock sale target.
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08/15/25: Pot roller coaster goes back up on Trump's remarks
President Donald Trump has hinted at reviving the pot industry’s rescheduling hopes. Crain’s cannabis reporter John Pletz talks with host Amy Guth about the potential impact on local big players in the cannabis industry.
Plus: South Loop residents weigh in on Chicago Fire stadium plan, Northwestern Memorial plans $96.5 million project to expand and bridge ICUs, Deere plunges as struggling farmers delay machinery rebound and unions rally at Jesse Brown after report shows VA hospitals' worsening staff shortages and a separate report shows physician pay declines despite rising workloads.
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08/14/15: Want to own a World's Fair ticket booth?
Crain's residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest from the local housing market, including a Frank Lloyd Wright home in the architect's Oak Park epicenter that’s for sale and how Chicago State hopes to make a college town out of 95th Street.
Plus: Gotion to start making EV batteries in Manteno next month, CIBC names new U.S. head amid exec shakeup, AbbVie plans $195 million expansion of North Chicago plant in U.S. production push and lawsuit alleges Lettuce Entertain You staged a "corporate coup."
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08/13/24: A growing retail sector on the Mag Mile
Two experiential venues are coming to the Mag Mile. Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss a growing trend on North Michigan Avenue.
Plus: Johnson, firefighters reach tentative deal after four-year standoff; Trump trades barbs with Pritzker hinting at a D.C.-style police takeover in Chicago; nearly 6,500 providers reject $2.8 billion Blue Cross antitrust deal; and Northwestern and UChicago both named in price inflation conspiracy lawsuit.
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08/12/25: Ripple effect of DOGE cuts around Chicago
Federal job and spending cuts around Chicago are expected to lead to a cooler economy, while some still on the job are bracing for more uncertainty. Crain's contributor Judith Crown talks with host Amy Guth about the effects of federal workforce reductions and how the cuts land across race and gender.
Plus: Pritzker won't rule out a presidential run; Bears make changes to board and push Arlington Heights stadium, but Springfield remains an obstacle; ADM expects biofuel mandate to spark profit rebound; and a torrent of bogus papers threatens to drown legit science, Northwestern researchers warn.
<...08/08/25: Budget alarms at City Hall
Mayor Brandon Johnson said city and state finances are at a "point of no return" and imposed hiring limits as his finance team considers a list of politically risky tax moves to plug a $1 billion budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.
Plus: PepsiCo division leases space at logistics hub on former Allstate campus, Weiss Memorial Hospital closes after getting cut from Medicare and Medicaid, US Foods urges Performance Food to engage in merger talks and Portillo's hits speed bump in Texas expansion.
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08/07/25: Downtown condo market can't shake price slump
Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including the bad week downtown Chicago's condo market just had.
Plus: Brandon Johnson says city and state finances are at a "point of no return;" RTA warns fare hikes are coming, one way or another; ADM expects biofuel mandate to spark profit rebound; the Merchandise Mart hits the market as owner Vornado eyes N.Y.-only portfolio; and retailer Claire's files bankruptcy for U.S. operations.
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