Chicago’s securitization bonds face another test of their market appeal – The Bond Buyer/SourceMedia
Chicago startups had more $10 million-plus investments in 2017 than in any of the past five years. There were 39 local deals of $10 million or more, topping the previous best showing, 34 in 2015. 2016 had 31 deals of $10 million or more. The increase in large, later-stage deals is a sign of further traction in the Chicago tech economy, as companies launched several years ago mature into larger organizations, able to attract more capital. In 2012 and 2013, there were just 19 deals of $10 million or more, according to PitchBook.
Chicago Housing Authority: Chicago has not run away from CHA public housing – Letter – Chicago Sun-TImes
A flood of college graduates has made Chicago one of the best-educated cities in America, but an unequal one as well.
Cook County Circuit Court Clerk Dorothy Brown ordered to improve public access to electronic records – Chicago Tribune
Pace of Chicago immigration court slows to a crawl as record numbers navigate system – Chicago Tribune
The combined value of all homes in the Chicago area rose to $821.3 billion in 2017, according to data released this morning. The total was up 5.8 percent for the year, better than the 4 percent increase in 2016, according to online real estate marketplace Zillow. Nationwide, the aggregate home value rose by 6.5 percent to $31.8 trillion.
Chicago-area home values picked up strength in October for the fifth month in a row, according to a national index.
The region's single-family home values were up 4.1 percent in October compared with the same month in 2016, according to the S&P CoreLogic Case-Shiller Indices. That was stronger than the September figure of 3.9 percent and the fifth consecutive month that was better than the one before, an indicator of gathering strength.
October's figure was the highest for the Chicago area since March, when home values were up 4.6 percent year-over-year.
Northwestern President: 4 myths about safe spaces at NU and other campuses – Opinion – Chicago Tribune
Chicago to pay $20 million to settle code-of-silence lawsuit over fatal crash caused by drunken cop – Chicago Tribune
After climbing for six straight years, new construction projects in the Chicago area are on track to fall in 2017—and are projected to dip again next year.
Construction starts will finish the year down by about 7 percent compared with 2016, with firms on pace to have begun $12.5 billion in projects, according to New York-based research firm and publisher Dodge Data & Analytics.
While that is still twice the amount of work that was underway on the heels of the recession in 2011, it's a signal that the local construction industry may have peaked for the current cycle. Dodge forecasts construction starts in the area will decrease another 3 percent next year.
Of 100 big U.S. cities in the annual forecast Realtor.com released in late November, Chicago is expected to have the 84th-strongest residential real estate market in 2018, far better than this time last year, when Chicago placed dead last out of 100.
The forecast sees Chicago-area home prices rising by 2.57 percent during the year, up from last year's forecast, for a 1.9 percent increase. The improved forecast shows that "we see room for more price growth in Chicago," Vivas said.
Home values in several Chicago-area counties would take some of the biggest hits in the nation under the tax rewrite in front of Congress, according to a national forecast.
Lake, McHenry, Will and DuPage are listed among the 30 U.S. counties that will lose the most potential growth in home values if the tax package goes through, according to a report released last week by Moody's Analytics.
Chicago police union official blasts $31 million wrongful conviction settlement as part of ‘cottage industry’ – Chicago Tribune
The city has World Business Chicago, the state has Intersect Illinois, and now the metropolitan region is trying for a new public-private partnership to promote economic development. A four-year-old working group representing seven counties and Chicago has incorporated and plans to launch early next year as the Chicago Regional Growth Corporation. The wild card is funding, which the group is raising now.
How Cash-Strapped Chicago Snagged a Triple-A Rating for Its New Bonds – Dow Jones/Wall Street Journal
Comment: We wrote frequently here, warning about the dangers, as authorization for this moved through the legislature. The press ignored it.
Chicago raised its minimum wage two years ago, but some still earn less. Here’s why. – Chicago Tribune
Chicago Gets An ‘F’ On New Fiscal Report Card As Bonds Continue To Hover Around All-Time Highs – ZeroHedge
Chicago Park District seeks to raise property taxes as part of $462 million budget – Chicago Tribune
With an expected 5,000 new rental units in the first quarter of 2018, some developers are offering up to three months rent free to lure new tenants.
Connecticut and Chicago borrow a debt trick from Puerto Rico.