Thoma Bravo has backed down in a lender standoff over a roughly $5 billion Proofpoint loan, putting fresh pressure on private-equity software financing.

Chicago’s ornate Fisher Building, now home to 184 apartments, has been listed for sale. The Loop landmark’s next owner could inherit one of the city’s most distinctive adaptive-reuse projects.

A Beverly Hills film producer faces seven federal wire fraud counts after prosecutors accused him of running a $100 million Ponzi scheme with an Illinois investment adviser at its center.

A 43-year-old man died after being found with a gunshot wound to the chest in West Pullman early Wednesday. Police have not announced an arrest.

A business jet left the paved surface at Chicago Executive Airport after landing Tuesday, forcing a temporary shutdown as officials began an investigation.

A Corner Bakery in Chicago’s Loop is closed after a “license suspended” notice appeared on its door. The business has not announced a reopening date.

A systemwide American Airlines outage briefly grounded flights nationwide, knocked out its app and jammed customer-service lines. Chicago travelers were caught in the ripple effects.

An ISP pursuit on I-57 ended in a crash in Dixmoor; one person was arrested and two minors were taken into custody while the shooting probe continues.

Chicago gets a sunny, comfortable Wednesday before rain and possible heavy thunderstorms move in Friday and Saturday.

CPS added $85 million in projected TIF funds to its tentative FY27 budget — a move the district says could stave off unpaid furloughs while unions push for permanent revenue.

An Aurora 18‑year‑old was charged with multiple counts of sharing and possessing child sexual‑abuse material; the court denied a detention request and set supervised release.

Unidentified human remains were found at Busse Woods North during a search for 43‑year‑old Anthony Richert. Investigators say there is no indication the public is in danger.

Strategic Value Partners is joining Igor Gabal to convert parts of 300 West Adams into a data center, bringing fresh capital to a building long tied up in legal disputes. The conversion is expected to begin in 2026.