crainalerts

Oct 3, 2024, 11:00 AM UTC

Investor plans LaSalle office conversion, eyes Loop offices

Here are this morning's top stories. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

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Morning 10

Thursday, October 3, 2024

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1. Investor plans LaSalle Street office-to-apartment conversion, eyes distressed Loop offices

Chicago investor Igor Gabal is raising his bet on the Loop's post-COVID recovery.

More: Loop office conversion on track for $28 million in city funding

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2. Chicago's $1.5 billion bond refinancing plan moves forward

The proposal from Mayor Brandon Johnson to refinance the bonds could generate $90 million in savings this year as the administration looks to close a looming budget gap.

3. Jeffery Leving, fathers' rights attorney, suspended for charging 'unreasonable' fees

The attorney, who has appeared on national TV shows and whose ads have appeared throughout the Chicago area, was issued a five-month suspension by the Illinois Supreme Court.

4. Harry Potter concept, Spanish fashion chain coming to the Mag Mile

A Harry Potter-themed storefront and a Spanish fashion retailer have deals for space on North Michigan Avenue that could breathe life into the vacancy-plagued shopping strip.

5. The Dining Table podcast: Have Chicago restaurants gone retro?

Plus host David Manilow reports on the surprising number of Michelin-starred restaurants that have closed in just the past three years.

6. Hurricane Helene insurance losses expected to reach $6.4 billion

State Farm and Citizens Property Insurance, two leading insurers in the Southeast, are bracing for the sector’s largest losses after fielding more than 60,000 claims combined.

7. Chicago's second-biggest home sale in 2024: Crain's Daily Gist podcast

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market.

8. Opinion: New data centers aren't the dream they may seem

If we thought crypto ran away with the world before anyone figured out the downsides, we may be looking at another version of the same old entrepreneur’s credo — build first and figure things out later, writes Howard Tullman.

9. Don't miss insights on shifting consumer tastes at our latest Future of Food event

Secure your spot now to network with entrepreneurs and executives across the spectrum of Chicago's food sector and learn from expert panelists about the trends shaping the business. Register by Nov. 5.

10. The record home price just went up in these two suburbs

Homes in Arlington Heights and South Barrington both sold for record prices Oct. 1, the latest examples of vigor at the upper end of the Chicago-area housing market.

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An update to The Book 2025

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