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Wednesday, November 16, 2011

Morning 10: Moving on up | A Groupon Christmas? | Tears and jeers


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Wednesday, November 16, 2011
Chicago Real Estate Daily reports that two apartment developers have scored financing for high-rises in Streeterville and River North, adding roughly 775 more units that will test the downtown rental market. Read more

--Lawson Products moving headquarters from suburbs to Chicago. Read more
How special would you feel if someone gave you a gift using a Groupon? Well, get used to it. A new report states that 55% of shoppers plan to buy gifts through a group-buying site like Groupon. Read more in Brigid Sweeney's retail blog
Alinea kept its three stars while L20 dropped two notches to one star in the latest Michelin Guide rankings of Chicago restaurants. The red-jacketed guide, considered by many to be the definitive book on dining, issued reviews on hundreds of local restaurants. Twenty-one restaurants showed up on the list, down from 23 last year. Read the story from Crain's

-- Cheers, tears and jeers for winners. Read the story from Crain's
Cook County Assessor Joseph Berrios is jumping into a hot issue: the tax-exempt controversy surrounding non-profit hospitals. Chicago Healthcare Daily reported that Mr. Berrios is moving to tax Northwestern Memorial's Prentice Women's Hospital. That could mean a whopping $66-million tax bill for the past four years.Read the story from Chicago Healthcare Daily
Turned back in its efforts in Springfield to rein in pensions for public employees, the Civic Committee is poised to try some "quiet diplomacy,'' according to Ty Fahner, president of the business group. The committee will wait until next spring for another vote on pensions, Greg Hinz reports, and Mr. Fahner will spend the time trying to convince labor that reform helps everyone. Read the story from Crain's
New Cubs General Manager Jed Hoyer on screening managers: "We're not going to do second interviews.'' Still, the Cubs are talking to Brewers coach Dale Sveum for a second time because he's in Milwaukee, where the general managers are meeting. Uh-huh. Read the story from the Chicago Tribune

--Duke coach and Chicago native Mike Krzyzewski sets coaching record. Read the New York Times story
The northbound lanes of the Stevenson Expressway are among the worst in terms of commuting, the Sun-Times says a new study shows. Read the story here

--Mapping the worst commutes. See it here
No fare hikes, no service cuts in CTA's approved $1.24-billion budget.Read the story from the Chicago Tribune
Wedding bells will ring Thursday for Lally Daley, 28, daughter of former Mayor Richard M. Daley and wife Maggie Daley. The wedding was moved up to this Thursday, Shia Kapos reports. Read more in her blog
Robert Feder reports that WMAQ-Channel 5 is beefing up its investigative ranks, part of a plan to restore its renowned Unit 5 team under a mandate from new owner Comcast to expand local news. Katy Smyser returns to the station as one of two investigative producers. More from Feder's blog here
Jim Kirk is chief of editorial operations for Crain's Chicago Business. You can reach him at jkirk@crain.com and follow him on Twitter: @kirkjim12.

CRAIN'S BLOGGERS: THE BEST IN CHICAGO

Greg Hinz on Politics

Chicago Latinos pay more in taxes than they get from government, study finds

Shia Kapos Takes Names

Lally Daley, former mayor's youngest daughter, to marry

Ann Dwyer on Entrepreneurs

New in Chicago: Highballs, pastry classes and more

Brigid Sweeney on Retail

Shoppers buying more Groupons as gifts: report

Ed Sherman on Sports

There's still hope for an NBA season — really

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