Related Midwest may get a leg up to its development of the Chicago Fire‘s new stadium at The 78 after a city committee approved $425M in tax increment financing to help with infrastructure costs at the site. The 78 development site, photographed in 2022 The City Council Finance Committee approved two TIF agreements Monday that would help finance infrastructure in the…
Caprock, a Boise, Idaho-based $16 billion multi-family office registered investment advisor, announced Tuesday that it had acquired Venturi Private Wealth, an Austin-based wealth manager with about $4 billion in assets under management. The transaction brings approximately 30 employees to Caprock, including 10 advisors, and expands the firm’s footprint in Austin and Oklahoma City, where Venturi…
After a wild last 12 months in a technology stock boom – and more recent volatility – the question du jour, in our view, is not whether AI is transformative. The significant increases in economic productivity and huge corporate cash flows generated by AI-related hardware companies confirm this, as both have accelerated since the release of Chat-GPT in late…
Listen to the audio version of this article (generated by AI). Is a 70% crash coming?… Grantham’s track record problem… what a 1992 magazine cover got right… the FOMO that isn’t there… the earnings pushback against bears Last week, Jeremy Grantham, British investor, billionaire, and GMO co-founder, went full bear: This is the most expensive…
Key takeaway: The ROAD Act may remove some barriers to building and financing homes, but experts say it is only a first step to solving the nation’s housing affordability crisis. Expert quote: “The bill has a lot of elements and a lot of components to it, as it relates to housing, but there’s not a…
There is a version of India’s urban economy that gets repeated constantly in investor presentations, policy documents, and marketing decks. It says: India is urbanising rapidly. The middle class is rising. Cities are driving growth. All of this is true – and almost all of it misses the point. A new report from PRICE (People…
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Baby boomers hold roughly $93 trillion in assets, but only $36 trillion could reach Gen X and millennial heirs over the next 20 years, according to new data. The estimate, released last week by Visa Business and Economic Insights, is far below Cerulli Associates’ widely cited projection that as much as $124 trillion could change…
Altitude Capital Partners, a Chicago-based real estate development and investment firm, in partnership with Shanna Collective, has acquired 1447 N. Dearborn Street — historically known as The Dearborn — for $10 million. The building holds a notable chapter in Chicago’s architectural and cultural history. Originally a 50-room long-term-stay hotel constructed before 1925, it was later…
A new job is your chance to put what you know to work. Just be sure not to share what belongs to your current or former employer. Apple’s lawsuit against OpenAI serves as a fresh reminder of the risks involved in drawing on your expertise without crossing into protected territory. Filed on Friday, the lawsuit…