We break down complex business news to help you understand how money moves in Chicago and how it affects you.
Paulo Villabona plans to keep serving the restaurant’s signature dishes and hire back some former staff.
The popular grocery chain plans to move into a space at the Roosevelt Collection mall, according to a building permit.
The incubator is taking over a 23,000-square-foot space and will be joined by Current, a nonprofit focused on solving water challenges, and the Illinois Hispanic Chamber of Commerce.
The Fed has signaled it may reduce its key rate again in December but the lack of federal data because of the government shutdown raises the uncertainty around its next moves.
The $25 million program is designed to invest in new ideas that will expand access to affordable housing, with winners receiving millions over five years.
The average premium for family coverage is up 26% over the past five years — the first time in two decades the cost of covering a family of four has risen by 6% or more for three straight years.
Konstantin Sokolov, head of Chicago-based private equity firm IJS Investments, is among the 37 donors helping to fund the construction of a 90,000-square-foot ballroom at the White House.
The historic Bronzeville church received a matching grant from the National Fund for Sacred Places.
The building, tentatively called Carroll Place, would have 397 apartments, including 80 affordable, and be anchored by more than 16,000 square feet of retail space.
While entrepreneurs are launching digital news sites, often backed by philanthropies, they haven’t sprouted at a rate that makes up for the losses, the report from Northwestern University said.
The building, formerly known as The Carter, is expected to be move-in ready by Nov. 15, with rents ranging from $1,400 to $1,600.
The world’s fourth-largest brewer didn’t give details about the restructuring’s impact on its Chicago headquarters in the West Loop.
The grocery chain owner Yellow Banana was able to snag store completion certificates by the city’s Sept. 27 deadline, but it had to pay more than $70,000 in penalties.
Amazon Web Services provides remote computing services to many governments, universities and companies, including The Associated Press.
The city agency, which provides subsidized housing to low-income individuals, is seeking a temporary restraining order in the case to halt the implementation of the new grant prerequisites.
