crainalerts

Oct 7, 2024, 11:01 AM UTC

Chicago real estate developers seek profits elsewhere

Here are this morning's top stories. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

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Morning 10

Monday, October 7, 2024

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1. Why these Chicago real estate developers are panning for gold outside Chicago

It's become common to see developers hindered by the challenges of developing in Chicago setting up shop in faster-growing markets. But it's a trend that's also created opportunity here.

Subscribe today to explore top features like 40 Under 40 & Best Places to Work.

2. The high cost of Chicago rents burdens both tenants and landlords

Local officials, the state and even the Cook County sheriff's office are taking aim at providing relief for cost-burdened households.

3. Greg Hinz: Johnson rolls the dice on chaos at Chicago Public Schools

Maybe the gamble will pay off. But taking a page from the book of Donald Trump — forget or malign your critics, and play strictly to your base — is a dangerous, divisive political strategy. And it’s not at all good for Chicago.

4. Rivian shares drop after EV maker slashes production target

The company now expects production to drop as much as 18% this year, due to an ongoing component shortage.

More: Stellantis sues UAW to stop strike over plant investments

Plus: Rivian seeking federal loan to restart Georgia EV plant project

5. Editorial: City Hall is about to make the housing affordability problem worse

A wrongheaded new ordinance will limit investment in neighborhoods that need it most.

6. Sinai Chicago brings on 2nd CFO in 10 months

Paul Goldberg, who's credited for financial turnarounds at hospitals in New York and New Jersey, has been named executive VP of finance for the safety-net health system.

More: Village Medical president is out after 1 year

7. The Chicago Marathon puts the city in the global sports spotlight

And the annual event's impact on the local economy has risen rapidly.

8. Top earners at The American College Of Healthcare Executives

Here's the latest compensation data for the Chicago-based association representing nearly 50,000 health care execs.

Crain's Daily Gist podcast: A $14M phony COVID test scheme

9. Robert Helman, former Mayer Brown chief who led law firm at moment of peril, dies at 90

Helman, who served as co-chairman and then chairman of Mayer Brown from 1984 to 1998 and didn't retire until earlier this year, died Oct. 4 at his Hyde Park home.

10. Michelin prestige comes with a side of peril

Crain's dining critic argues a remarkable share of Chicago's Michelin-starred restaurants close after earning the accolade.

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An update to The Book 2025

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