Crain's Chicago Business

The mansion designed by the brother-sister team of architect David Adler and interior designer Frances Adler Elkins has most of their original work intact. designed by David Adler and his interior designer sister, Frances Adler Elkins, in 1934, has most of their original work intact.

The privately funded stadium will be the most expensive in college football.

Chicago Fire FC owner Joe Mansueto is evaluating deals to buy land on one of two proposed megadevelopments in the city as he forges ahead with plans to build a new 25,000-seat stadium for the Major League Soccer club. The billionaire Morningstar founder has been negotiating financial terms of potential agreements with both Related Midwest at The 78 site in the South Loop, pictured here, and Sterling Bay at its planned Lincoln Yards campus between Lincoln Park and Bucktown, according to sources familiar with the discussions. It's unclear how far talks have progressed with either developer as both try to jump-start projects that have been stuck in neutral since being approved by City Hall in 2019. But multiple sources said Mansueto and the Fire are expected to move forward with one option in the weeks ahead and are said to be primarily targeting The 78, because it likely presents the quickest path to getting shovels in the ground. The team currently plays at Soldier Field on a lease that runs through the end of next year. But Mansueto is frustrated with scheduling and sponsorship limitations that come with playing second fiddle to the Chicago Bears at the lakefront venue and said publicly last month that he was "actively pursuing" development of a new soccer-specific stadium in the city. While the pace of that search was not widely known, the talks with both developers underscore the team's urgency to build a new home. Mansueto and the Fire have also eyed the former Michael Reese Hospital site south of McCormick Place — now being reconsidered by the Bears for a new stadium — as well as Guaranteed Rate Field and its surrounding parking lots, but those and other options have been all but crossed off their list, sources said. Read more from Danny Ecker and Justin Laurence: https://lnkd.in/g2XyD9yg

The 113 honorees on Crain's Notable Latino Leaders are making their mark in a wide range of industries, from architecture and the arts to tech and transportation. Congratulations to the honorees: Ruben Abarca - Discovery Partners Institute Aidé Acosta, Ph.D. - Noble Schools Joe Aguilar - Illinois State Treasurer's Office Robert Aguilar - Cabrera Capital Markets Jenny M. Aguirre - Illinois Department of Healthcare and Family Services Bessie Alcantara - Alternatives Jennifer Allocco Morris - Wintrust Financial Corporation and Ask Blanca Adam M. Alonso - BUILD Silvia Alvarez-Clare - The Morton Arboretum Pete Amaro - L'Attitude Ventures Eduardo Arabu, MSPPM, CDMP - National Hispanic Corporate Council Juan Sebastian A. - Elevated Chicago Karina Ayala-Bermejo - Instituto del Progreso Latino Genaro A. Balcazar - Dominican University Blanca Berthier - Women's Business Development Center Santos Borges - JPMorgan Chase Cristina Vera Bridges - Vera Creative Martin Cabrera Jr. - Cabrera Capital Markets and Cabrera Capital Partners Carlos E. Calderon (he, him, his) - Ariel Investments and Ariel Alternatives Adela Cepeda - Angeles Ventures and Angeles Investors Jose Cerda III - IFF Marta Cerda - ASI and NE Healthcare Services Janie Cervera - BMO Jonathan Chaparro - Braven Lee Concha - Rosalind Franklin University of Medicine & Science Teresa Cordova - University of Illinois Chicago Adriana Cortez - WLS-TV/Channel 7 Carlos Juan Crespo - University of Illinois Chicago Daniel Cruz - Chicago Housing Authority Cassandra Di Prizio - Boston Consulting Group (BCG) Fernando Diaz - Illinois State Treasurer's Office Jesus Estrada - Cook County Health Jose Marcio Ferrini Filho - Merieux NutriSciences César Flores - Governors State University Xochitl Flores - Cook County Bureau of Economic Development Christina Garcia - Echo Global Logistics Jose Garcia - Northwest Community Credit Union Luis Garcia - Rush Medical Group Marcelino Garcia - Metropolitan Water Reclamation District of Greater Chicago Yanet Garcia, RA - Related Midwest Honorees continued in comments...

Lincoln Park accounted for three of the top five sales.

Job opportunities and the promise of a better quality of life are drawing Black Chicagoans to Atlanta, Houston, Dallas and beyond.

The Chicago Bears are calling an audible after their push to land a deal in Springfield to finance a new domed stadium south of Soldier Field appears to have stalled out. After publicly labeling the former Michael Reese hospital site as unsuitable for the new venue, the team is said to be reconsidering the 49-acre property south of McCormick Place in hopes of jump-starting discussions with politicians to keep the team in Chicago, according to sources familiar with the talks. While it’s unclear how far discussions have advanced, the softened stance on the property is the latest twist in the team’s stadium pursuit after previously announcing their intention to decamp to Arlington Heights before shifting their focus back to staying on Chicago’s lakefront. The stadium would anchor a mixed-use campus at the Michael Reese development along with residential buildings, a hotel, and entertainment options to persuade fans to stay longer on game day and keep the site busy the rest of the year. New space to bolster the convention center, which sits just to the north across the Stevenson Expressway, is also being considered. Before announcing their desire to build a $3.2 billion stadium just south of the current Soldier Field home on the city's Museum Campus, the team evaluated the Michael Reese site — rebranded Bronzeville Lakefront by the developer — but decided it was too narrow and complicated because the developer’s plans placed the stadium atop active Metra tracks that run along the property. Despite picking up the support of Mayor Brandon Johnson, the Museum Campus proposal has gone nowhere in Springfield because of the massive public subsidies involved. The proposal called on the General Assembly to approve $900 million in public subsidies for the stadium, plus another $1.5 billion for infrastructure, and Gov. JB Pritzker has rejected the deal as a non-starter. Read more from Justin Laurence and Danny Ecker: https://lnkd.in/gkeM-H84

“We have a Tuesday morning call and a lot of times it starts off with, OK, here's ticket sales for July, but also who got Mom a birthday present or whatever," explained Executive Chairman of Chicago Cubs Tom Ricketts. This week Crain's Chicago Business and our CEO KC Crain sat down with Ricketts to discuss the franchise and running a family business. Read more from their conversation here: https://lnkd.in/eUNgZ3eR #ChicagoCubs #Chicago #CrainsChicago #wearecrain

It's the second Highland Park home formerly owned by a Bulls legend to sell this year.

The health care consulting firm is becoming one of the building's largest tenants in a deal that bucks the post-COVID space-shedding trend.