Leaders tout Illinois as 'model of Democratic success'

Aug 20, 2024, 11:00 AM•crainalerts

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Tuesday, August 20, 2024

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1. As DNC opens in Chicago, state leaders tout Illinois as a 'model of Democratic success'

While the state and Chicago in particular have become conservative media shorthand for out-of-control progressive government, Illinois Democrats sought to cast their brand of politics as an exemplar for the nation.

More: UAW president calls out Stellantis on Belvidere plant at DNC

Crain's Daily Gist podcast: Johnson ally sows confusion with DNC parties

2. Emotional Biden touts legacy and Harris at convention's open

The president’s remarks, stretching late into the night, served as a coda to one of the most tumultuous stretches in presidential history.

More: Obama, Clinton and ... Deja Foxx? Influencers pitch Harris at DNC.

3. What the activist investor targeting Portillo's wants management to fix

Portillo's new largest shareholder wants to see Chicago's favorite fast casual chain make one small change. And the investor doesn't get what it wants, it could push for a sale.

4. Gotion battery plant in Manteno moves closer to production

The company has begun hiring workers for a $2 billion electric vehicle project that was a major economic-development win for Gov. J.B. Pritzker.

5. Property downturn creating best opportunity in decades, Sterling Bay CEO says

Andy Gloor, one of Chicago’s preeminent real estate developers, says now is the time for those with capital to make a contrarian bet and invest in commercial real estate.

6. CDK Global to pay $100 million to settle dealership antitrust suit

The proposed settlement, which requires a judge's approval, avoids a planned September trial. It won't be the end for litigation for CDK, however.

7. Why Jim Reynolds is teaming with NBA all-stars on cancer research

The Loop Capital CEO co-owns the Coco5 sports drink with some of basketball's biggest stars, who are using their platform to address a racial disparity in cancer outcomes.

8. Ohio firm buys Fulton Market Hyatt House hotel

Rockbridge Capital bought the 200-room inn next to McDonald's global headquarters nearly three years after developer Sterling Bay put it up for sale.

More: Developers plan warehouse-to-apartment conversions in the West Loop

9. Remembering Phil Donahue, a pioneer who elevated daytime TV

Beaming out of his Chicago studio to more than 200 cities at its peak, Donahue's show proved daytime audiences — largely women — were eager to explore topics beyond celebrity chat. Though he would sometimes go there, too.

10. 'Castle in the Sky' on Lake Shore Drive sells for $7.7 million

The 1920s co-op, complete with a landscaped 24th-floor yard, sold after almost four years at a steep discount — and it's still 2024's second-highest price.

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