City Council approved a five‑story, 80‑unit mixed‑use building at the former Leona’s site on Sheridan; Plan Commission review under the Lakefront Protection Ordinance is still required.

The Zoning Board of Appeals approved variances for a seven‑story, 102‑key condo‑hotel at 2000 S. Clark, including a rooftop bar and no on‑site parking. Permitting is next and a construction timeline is TBA.

City Council approved a 52‑unit conversion of the former Precious Blood school in Tri‑Taylor as part of a two‑phase plan that will add about 110 apartments to the block.

Allstate is set to increase homeowners insurance rates in Illinois by 8.8%, affecting over 209,000 policyholders from February 2026, following a prior 14.3% hike.

Lennar has trimmed asking prices and increased incentives across Chicago suburbs, nudging average sale prices lower even as monthly carrying costs remain high. Deals are showing up on move‑in ready homes, but relief is limited.

Illinois Attorney General Kwame Raoul won a preliminary injunction against HUD's proposed changes to the Continuum of Care program, protecting housing rights for the homeless.

Swiss Re’s lending arm seized the Loop’s Poetry Garage and a judge ordered the former owners to cover roughly $9.6 million after a $21.5M credit bid left a shortfall.

The Commission on Chicago Landmarks approved a final recommendation for Original Providence Baptist Church, advancing protections for the 1902 church and 1928 school in Austin.

Waterton is lining up a refinancing that could total $148 million to replace debt on Chicago rental buildings as it continues value-add renovations.

Continuum Development bought 2800 N. Sheridan for $17.25M and is pitching a roughly 300‑unit tower with retail near Diversey Harbor.

Core Acquisitions paid roughly $25.3M for Green Bay Plaza and has begun façade, parking and outlot work while pursuing new tenants. The deal repositions a busy west‑side retail node near Lambeau Field.

Nine social equity cannabis licensees in Cook County received $75,000 each from the Cannabis Development Grants, intended to aid marginalized entrepreneurs in the cannabis industry.

Wind Point Partners will relocate its headquarters to Salesforce Tower's 23rd floor, taking a full 24,000‑square‑foot floor and expanding its Chicago footprint about 70%.