The primary goal of the self-tax is to supercharge Chicago's tourism push, with the estimated $40 million in annual revenue more than double the annual budget.

The increase in the city’s 17.5% hotel tax would more than double the marketing budget for the convention and tourism agency known as Choose Chicago. The agency's budget is dead last among major convention cities.

Aldermen offered resounding support for a new Tourism Improvement District, a self-tax on downtown hotel stays that would bolster the city's tourism marketing dollars.

A man was due in court Monday in a shooting that left one man dead and another wounded on a CTA 'L' train in downtown Chicago last month.

Protesters carrying signs with messages against U.S. military activity in Venezuela and ongoing ICE operations shut down Michigan Avenue Saturday.

As reported by Crain's Chicago Business, Transwestern’s new lease at 123 N. Wacker covers about 35,000 square feet across the three highest floors in the building and consolidates space it had been splitting between 200 W.

As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.

A large crowd gathered in downtown Chicago’s Loop to protest what organizers describe as a looming war on Venezuela, following the removal of Venezuelan leader Nicolás Maduro and his wife in a

Real Capital Solutions, the Louisville-based real estate investment company run by Marcel Arsenault, recently bought a downtown Chicago office tower for $132.5 million.

Real Capital Solutions acquired 401 N. Michigan Ave. in Chicago for $132.5 million, representing a 77.8% discount to replacement cost. The 35-story, Class-A office tower and subterranean parking garage is located along the Chicago River’s north bank in downtown Chicago and marks RCS’s first investment in the downtown Chicago market this cycle.