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Crain's Daily Gist

Crain's Chicago Businesswww.chicagobusiness.com
Get a head start on your workday with the stories that matter most. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth.
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Episodes

07/26/23: Office-to-warehouse fights coming to a suburb near you

Crain’s reporter Danny Ecker talks with host Amy Guth about a flurry of suburban office-to-warehouse conversions and why some are being met with community pushback. Plus: Northern Trust quietly chopping 900 jobs, Old Post Office developer looks to defy a brutal market with a new project, Nestle reorganizes Fulton Market-based Vital Proteins and forecast reports back-to-school spending this year may break records. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for informati...

Jul 25, 202329 minEp. 904

07/25/23: A Potbelly ex-CEO joins its latest growth plan

Crain's reporter Ally Marotti talks with host Amy Guth about Potbelly's business strategy, including how a former CEO became its newest franchisee. Plus: A new lawsuit alleges Northwestern football coaching staff knew of and perpetuated abuse; a new name tops the list of Chicago's largest banks, as many see a dip in assets; Zurich looks to shed nearly half its Schaumburg headquarters; CME cuts about 100 jobs; and extreme heat in parts of the U.S. pushes airlines to shed fuel and limit passengers...

Jul 24, 202323 minEp. 903

07/24/23: The fallout continues as Northwestern's hazing scandal widen

As another lawsuit is filed against Northwestern University, Crain's reporter Brandon Dupré talks with host Amy Guth about the latest misconduct accusations extending beyond the football program. Plus: If you live in Cook County, your next property tax bill will be arriving late — again; Choose Chicago commissions a NASCAR economic impact study; Chicago is a player in AI jobs, but lags its peers; and the total value of distressed U.S. offices jumps to $24.8 billion, more than malls. Hosted by Si...

Jul 21, 202323 minEp. 902

07/20/23: Forecast expects lull in housing demand

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including one forecast that suggests 'muted' demand for city homes through 2030. Plus: Sierra Club aims to sue Trump Tower, U of C Booth school announces 10-month master’s program, Cameo cuts headcount by more than half and the White House asks Walgreens, CVS, Walmart for help promoting drug-cost law. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about...

Jul 19, 202334 minEp. 901

07/19/23: United ponies up for tentative pilots deal

Crain's reporter John Pletz joins host Amy Guth to talk about United Airlines, the tentative deal reached with the pilots union and what the airline has done to navigate challenges facing the industry during a busy summer travel season. Plus: First lawsuit filed in NU hazing scandal against former football coach Pat Fitzgerald, trustees, administrators; Outcome Health execs using novel argument to try to overturn their fraud convictions; Blue Cross & Blue Shield of Illinois looks to fill 300...

Jul 18, 202327 minEp. 900

07/18/23: Condos-to-apartments deals dot Chicago landscape

Crain's commercial real estate reporter Alby Gallun talks with host Amy Guth about condo deconversions around the city. Plus: As Mayor Johnson prepares his first city budget, he wants ideas from city youth; Chan Zuckerberg biohub will move to new space in Fulton Market; United Airlines pilots reach tentative contract deal; and Legal Sea Foods to replace Dick's Last Resort in Marina Towers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection ...

Jul 17, 202322 minEp. 899

07/17/23: Hazing scandal ignites crisis at Northwestern

Crain’s reporter Brandon Dupré talks with host Amy Guth about the Northwestern hazing scandal, questions facing the university’s president and the future of its stadium project. Plus: Finalists for Chicago Police chief selected, sent to Johnson for consideration; JPMorgan and Wells Fargo bulk up reserves for office loan losses; Kraft Heinz to open $400 million distribution center in DeKalb; and NASCAR event a mixed bag for Loop restaurants. Hosted by Simplecast, an AdsWizz company. See https://p...

Jul 14, 202322 minEp. 898

07/13/23: Big-money home deals slow down

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including how big-dollar sales are down by half this year. Plus: Gov. Pritzker issues disaster proclamation over storms in late June and early July, leads contingent of state political and business leaders on U.K. 'trade mission;’ feds say Outcome Health founder still spends lavishly despite asset freeze; Chicago developer plans Deerfield entertainment and retail project; and United ...

Jul 12, 202334 minEp. 897

07/12/23: The 'ComEd Four' are fighting their corruption verdicts

Crain's reporter Steve Daniels talks with Gist host Amy Guth about former ComEd CEO Anne Pramaggiore's 77-page appeal of the "ComEd Four" convictions. Plus: Northwestern head football coach Pat Fitzgerald is fired amid claims of hazing; Bank of America will pay $250 million to settle the feds' case over extra fees and unauthorized cards; Illinois pot sales turned around in June; and hotel revenue statewide bounced back in a big way over the past year. Hosted by Simplecast, an AdsWizz company. Se...

Jul 11, 202320 minEp. 896

7/11/23: Invest South/West's big construction tab

Crain's reporter Alby Gallun talks with host Amy Guth about the city's Invest South/West program, its construction costs and where it fits into the broader South and West Side economies. Plus: UChicago and a Massachusetts firm will support startups in Hyde Park lab, hospitals to receive $9 billion after Supreme Court ruling, Out-of-town employers barely saw growth in their Chicago workforces last year and Chicago Atlantic pledges $150 million equity investment deal in New York. Hosted by Simplec...

Jul 10, 202324 minEp. 895

07/10/23: Recapping the waterlogged NASCAR event

Crain’s Avery Donmoyer talks with host Amy Guth about NASCAR weekend, rain delays, crowd control and where the city might have felt the biggest impacts from the event. Plus: Downtown's office vacancy surge hits new record high, Chicago Fed chair says it's on path to curb inflation without triggering recession, Metra and the state plan to reboot Chicago-Rockford rail service and the birthplace of Black History Month gets National Park Service grant for rehab. Hosted by Simplecast, an AdsWizz comp...

Jul 07, 202318 minEp. 894

07/06/23: New push to revitalize Englewood

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including the Cook County Land Bank Authority’s recent effort to spur homeownership by targeting Englewood rehabs. Plus: Chicago pension debt rises to $35 billion as mayor hunts for fix, longtime Fulton Market building owner looks to cash out of landmarked building, United may cut Newark flights in effort to stem delays and Cook County continues to lose Black residents, along with other big ...

Jul 05, 202337 minEp. 893

07/05/23: Who will step into Jim Crown's shoes?

Crain’s Steven Strahler talks with host Amy Guth about possible succession paths for Henry Crown & Co. after the recent death of CEO Jim Crown. Plus: Universities navigate tricky future as SCOTUS strikes down affirmative action, local in-office work figures dip from post-pandemic high, powerful attorney and top academic both being pushed to lead city planning department and Abbott shareholders, including a powerful union pension, take aim at leadership. Hosted by Simplecast, an AdsWizz compa...

Jun 30, 202324 minEp. 892

06/29/23: Agent pleads with Chicagoans to stay

Host Amy Guth talks with Crain’s Dennis Rodkin about news from the local housing market and with local real estate agent Mike Conner, who has a message for Chicago residents: Please don’t leave. Plus: Invest South/West projects ring up sky-high construction costs, Medline names new CEO, unemployment nearing record low around metro Chicago and expect to pay less for beef, more for booze this Independence Day. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information ab...

Jun 28, 202351 minEp. 891

06/28/23: Argonne's shiny new $500 million toy

Crain’s tech reporter John Pletz talks with host Amy Guth about Argonne Labs’ new supercomputer that’s shaping up to be the fastest in the world. Plus: Walgreens plans more cuts after missing profit target, O'Hare one of the best airports for avoiding flight disruptions this summer, Cubs will offer direct streaming option later this summer and Bears CEO Warren says Arlington Heights negotiations at a 'stalemate' while another city woos the team. Hosted by Simplecast, an AdsWizz company. See http...

Jun 27, 202327 minEp. 890

06/27/23: Rocky Wirtz has plans for United Center region

Crain’s reporter Danny Ecker talks with host Amy Guth about Chicago Blackhawks ownership showing they have residential, hotel and retail development plans attached to their practice facility expansion. Plus: Jim Crown, scion of one of Chicago’s wealthiest families, dies in Colorado accident, shocking members of business and government; office owners get dire warning in new report that rebound unlikely before 2040; Cubs win lawsuit that claimed Wrigley renovations violated the Americans with Disa...

Jun 26, 202325 minEp. 889

06/26/23: Cool off with a surefire summer performance

Crain’s contributor Graham Meyer, who writes the weekly Big Ticket column, talks with host Amy Guth about the can’t-miss arts and culture events in the month ahead. Plus: Banks' scramble for customers’ money means great savings rates and also industry anxiety; restaurant and bowling chain Pinstripes to go public; Kwame Raoul and five other AGs join feds' suit to block $28 billion Horizon-Amgen deal; and swarms of Taylor Swift fans helped boost CTA ridership. Hosted by Simplecast, an AdsWizz comp...

Jun 23, 202326 minEp. 888

06/22/23: Bronzeville's ceiling keeps rising

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about how the prices of new construction homes in Bronzeville are about to top $1 million, along with other news from the local housing market. Plus: A dustup emerges over the search for Chicago's next top cop, a look at Chicago expansion plans from world's top dairy maker after $3.2B Kraft deal in 2020, Bernie Sanders launches Senate probe into Amazon warehouse safety and state regulators clamp down on Nicor Gas. Ho...

Jun 21, 202340 minEp. 887

06/21/23: Looking at the Fast 50 class of 2023

Crain’s researcher Sophie Rodgers chats with host Amy Guth about this year’s Fast 50, an exclusive list looking at Chicago's fastest-growing companies. Plus: Aircraft mega-deals prompt bubble warning from industry vets; FAA to investigate ground incident involving United and Delta jets; Rivian adopts Tesla’s EV charging standard, joining Ford and GM; NASCAR partners with Lou Malnati’s, Garrett, Vienna Beef for street race weekend; and Exelon commits to overhaul board in 'ComEd Four'-related liti...

Jun 20, 202320 minEp. 886

06/20/23: What killed the good times at Instant Brands

Crain’s reporter Steve Daniels talks with host Amy Guth about the familiar tale of private equity and debt that’s landed the maker of Instant Pot and Pyrex in bankruptcy. Plus: Outcome Health co-founder fighting government efforts to seize assets; Walgreens, CVS issue new rules to stop denials and delays for lawful reproductive drugs; Progressive hikes auto rates in Illinois by 5%; and Priztker faces blowback as Illinois plans to freeze enrollment for noncitizen health care programs. Hosted by S...

Jun 19, 202328 minEp. 885

06/19/23: Return of the grocery tax

Crain’s reporter Avery Donmoyer talks with host Amy Guth about the Illinois' grocery tax going back into effect despite inflation still pushing up food prices. Plus: Alderperson wants Chicago pension funds to invest in real estate developments, Bally's clears another hurdle in the race to open a casino at Medinah Temple, mixed-income housing project on old Cabrini grounds scores city funding and a study shows Illinois ranks lowest of all states on racial equity. Hosted by Simplecast, an AdsWizz ...

Jun 16, 202318 minEp. 884

06/15/23: Home prices hit new heights in certain burbs

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about home prices in some suburbs reaching record highs. Plus: McDonald's ranked as one of world's five most valuable brands according to Kantar, Modelo Especial passes Bud Light as best-selling beer, Chicago Public Schools proposes flat budget for next year and travelers catch a break as airfares and rental car prices fall. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about o...

Jun 14, 202344 minEp. 883

06/14/23: ChatGPT's already a fixture in Chicago biz

Crain’s tech reporter John Pletz chats with host Amy Guth about how companies are approaching ChatGPT and other AI tools. Plus: Waukegan reportedly enters contest to host Bears stadium; Grubhub lays off 400 workers, the latest ripple in a recent wave of local cutbacks; GM, Samsung pick northern Indiana for EV battery plant; and United Airlines' Scott Kirby sees pilot deal adding over $8 billion in costs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about ...

Jun 13, 202324 minEp. 882

06/13/23: Corner Bakery Cafe bought out of bankruptcy

Crain’s restaurants reporter Ally Marotti talks with host Amy Guth about the latest from the dining biz, including how a bid to buy Corner Bakery Cafe out of bankruptcy that has been approved in court. Plus: National opioid settlement including Walgreens, AbbVie's Allergan finalized for $17.3 billion; bill funding restoration of historic Pullman hotel going to Pritzker's desk; Walgreens sells remaining $330 million stake in Option Care Health; and Illinois among victims of massive cyberattack by...

Jun 12, 202319 minEp. 881

06/12/23: Sterling Bay turns to its fiercest critics to save Lincoln Yards

Crain's reporter Danny Ecker talks with host Amy Guth about developer Sterling Bay’s effort to strike a deal with the Chicago Teachers' Pension Fund to help bail out its Lincoln Yards megaproject. Plus: Gov. Pritzker makes personal pitch as EV battery makers near decision on Illinois plants, developer pulls plan to turn Baxter HQ into industrial park, the Chicago Sky's new co-owners include Laura Ricketts and Mary Dillon, and Midway is back to pre-pandemic strength, but O'Hare is lagging. Hosted...

Jun 09, 202331 minEp. 880

06/08/23: Chicago's vast racial home-value chasm

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including how Chicago has one of the widest racial gaps in appraised home values among big U.S. cities. Plus: NASCAR to shut down Lake Shore Drive for nearly a week, Vienna Beef plans to turn former Bucktown factory into HQ and restaurant, environmental activists vow to continue fight over Southeast Side metal shredder and Amtrak seeks funding to boost one of its major Chicago routes. Hosted...

Jun 07, 202348 minEp. 879

06/07/23: How to give City Council real teeth

Crain’s contributor Steve Hendershot talks with host Amy Guth about the latest entry of One City, 50 Wards. Plus: Bears' Naperville talks open the door to a fresh offer from Chicago, Giannoulias suing Coinbase for violating state securities law, Google to pay out $95 each to claimants in Illinois privacy settlement and Chicago chefs notch two wins at James Beard Awards. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal ...

Jun 06, 202320 minEp. 878
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