$500,000 for Englewood Whole Foods project came from national crowdfunding
When Whole Foods opens in Chicago's Englewood neighborhood next year, it's likely to draw a crowd of residents. But the project, which aims to rid the city of one of...
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Morton closing longtime Chicago salt facility
Morton Salt plans to close its longtime packaging and warehouse facility on North Elston Avenue next month, the company announced Tuesday. The closing of the facility, which has packed and...
Arizona firm enters Chicago, snaps up Orleans Homebuilders
Taylor Morrison, an Arizona-based homebuilder in an expansion mode, has acquired the assets of Orleans Homebuilders in Chicago and two other markets for $166 million. The deal, announced Tuesday, injects...
Tellabs co-founder Michael J. Birck dies at 77
Tellabs was just getting its footing when the early 1980s recession hit. Michael J. Birck, one of Tellabs' six co-founders and its CEO, went to his executive team and asked...
Existing-home prices hit 7-year high
The median price of a home sold in the Chicago area last month — and more than 10,000 homes were sold in May — was the highest since October 2008,...
Improving home prices chip away at underwater mortgages
Less than 20 percent of homeowners with a mortgage in the Chicago area owed more on their mortgage than their homes were worth in the year's first quarter, as slowly...
Jeni’s finds listeria, shuts stores a second time
Jeni's Splendid Ice Creams has again temporarily closed its ice cream shops after finding listeria contamination at its production facility. In a blog post Friday morning, CEO John Lowe said...
Fewer ‘zombie’ foreclosures affecting Chicago area
"Zombie" foreclosures in the Chicago area have plummeted from a year ago, but there are still more than 7,000 of the empty homes working their way through the foreclosure process....
Consumer sentiment about housing improves
Consumers think the nation's housing crisis is fading from view, but more than half of them have made sacrifices during the past three years to pay their mortgages or rent,...
Safeguard Properties’ $1 million settlement will take time to disperse
Safeguard Properties will pay $1 million to settle state allegations that it improperly treated homeowners in foreclosure, but it may be some time before consumers receive a share of the...