David Roeder
Business reporter
David Roeder covers business and labor for the Chicago Sun-Times.
With vacancy rates rising and valuations falling hard, civic and business leaders are starting to talk about what can be done with office space few companies want anymore.
United and American airlines are slated to share a new “global terminal” handling both domestic and international flights — a project funded in part by airlines. But now both carriers want Mayor Brandon Johnson to alter those plans.
They will form a new company, Outfox Hospitality, where Dom’s co-founder Bob Mariano will be an adviser and board member.
The agency promises to be “laser focused” over the next 18 months on its vacant single-family homes and smaller apartment buildings.
Big-box chains still draw the crowds, but many shoppers prefer to support local merchants. They’re getting a push from Chicago-area festivities planned for Small Business Saturday.
Northwestern University’s plan for six annual concerts at a rebuilt football stadium passed with Mayor Daniel Biss’ vote as opponents crafted arguments to use in litigation.
The Hoffman Estates property the that retailer’s headquarters occupied in 1992 is likely to get a drastic makeover as empty offices make way for cyberspace.
The new tenants will bring the building at 2430 N. Halsted St. to 80% occupancy.
The university made a new $157.5 million public benefits offer that prompted the council to defer its final vote on Northwestern’s $800 million football stadium project.