Emanuel Hopes to Reach 55 Million Tourists by 2020

By Josh McGhee and Erica Demarest, DNAinfo Chicago CHICAGO — After city hotels saw record revenues in 2013, Mayor Rahm Emanuel has upped the ante: He announced Wednesday plans to attract 55 million annual tourist visits by 2020. When the mayor took office in 2011, the city was reaching about 40 million tourists annually. Emanuel said [...]

January 24th, 2014|

The Frontera Farmer Foundation 2014 Grant Application

Grant Applications are now being accepted for 2014 The Frontera Farmer Foundation is committed to promoting small, sustainable Midwestern farms serving the Chicago area, by providing them with capital development grants. Small local farms, which often struggle financially, are more likely to promote biodiversity by planting a wide range of [...]

January 23rd, 2014|

Chicago hotels fill up to record in 2013

By: Staff Report, Chicago Tribune Hotel room occupancy inched higher in Chicago last year, but still hit a new record with a slightly bigger slice of rooms filled than the banner pre-recession mark in 2007. Hotel occupancy was 75.28 percent last year, according to the mayor’s office and Choose Chicago, [...]

January 23rd, 2014|

Time to buy in to the ‘big data’ hype

By: Meg McSherry Breslin, Crain's Chicago Ask many small-business owners if they're incorporating “big data” and you may get some blank stares. Some say the growing volume of information on things like customer patterns on social media is just too costly to make sense of. Yet that is about to change—and [...]

January 22nd, 2014|

Retail property market slips again in fourth quarter

By: Micah Maidenberg, Crain's Chicago The Chicago-area retail market took another step backward in the fourth quarter, a worrisome sign for landlords who are coming to grips with dozens of empty Dominick's grocery stores now spread around the region. The local retail vacancy rate hit 9 percent in the fourth quarter, vs. 8.9 percent in [...]

January 21st, 2014|

Chicago ties New York in AAA five-diamond-rated restaurants

Acadia restaurant has been awarded five diamonds from AAA. By: Lorene Yue, Crain's Chicago restaurants are swimming in diamonds — AAA five-diamond ratings, that is. The city now has as many top-ranked restaurants from the travel industry organization as New York. Heathrow, Fla.-based AAA released the full list of its 2014 five- and [...]

January 17th, 2014|

Hydroponic Vegetable Garden Will Feed Homeless, High-End Diners

By: Lizzie Schiffman, DNAinfo Chicago CHICAGO — A nonprofit that works with homeless HIV/AIDS patients will build a hydroponic vegetable garden in Garfield Park this spring to help feed its clients, neighbors — and diners at the Signature Room. Future Growings, a side project of the Garfield Park-basedEdgeAlliance, will start [...]

January 16th, 2014|

For Investors, Is West Town The Next Wicker Park?

Street art of West Town, Aug. 10, 2013. (Photo Credit: Andre) By: Amol Gavankar, Chicagoist Long time Chicagoans know that Wicker Park was not always the beacon to commerce that it is today. In the 1960s and '70s, this 80-acre neighborhood located just northwest of the Loop became riddled with gang [...]

January 15th, 2014|

Suntory to Buy Beam in $16 Billion Deal for U.S. Brand

By: Clementine Fletcher and Leslie Patton, Bloomberg Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, agreed to buy Beam Inc. (BEAM) for $16 billion including debt to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits company. Investors in the maker of Jim Beam and Canadian [...]

January 14th, 2014|