The University of Chicago has sold Harper Court, its newly upscaled 53rd Street commercial district, to a major Israeli financial institution for $112 million, the university announced Tuesday. The buyer, Clal, is a publicly held insurance company and pension-fund manager with more than $40 billion in assets under management. The university said it signed a
ParkWhiz, a Chicago-based discount-parking-spot finder, has raised $10 million from heavy-hitter investors so it can double its workforce and boost big-name partnerships to become a key part of the “smart car” future. Drivers can use ParkWhiz’s free app to find the cheapest parking in real time, download a mobile pass and wave their smartphone at
Sunshine Gospel Ministries, which will open a small-business incubator in the Woodlawn community next month, is set to announce Thursday a $600,000 commitment from Madison Dearborn Partners managing director Jim Perry to expand its work.
Tuesday’s Techweek Chicago fashion show drew raves for its ideas about dressing up — rather than the dressing down it got over the bikinis that models wore on the runway last year. The remodeled modeling came two weeks after what many in Chicago’s tech community deemed a sexist and demeaning promotion for a Techweek Chicago charity event called
Wisconsin Energy Corp. is buying Integrys Energy Group Inc. for about $9.1 billion, including the assumption of debt, to form a more diverse Midwest electric and natural gas delivery company.
If you really put your mind to it, what could you invent?
That’s the idea behind a nationwide challenge to see who can create the best use of a brain-powered game-control technology invented by NASA.
The startup company proposing a resort on a 300-by-100-foot floating vessel out in Lake Michigan is doubling its Kickstarter goal after obtaining the initial $30,000 amount in the first 36 hours of the campaign. “I was expecting a lot of interest, but I’m totally overwhelmed,” said Beau D’Arcy, a Plainfield native who lives in Lincoln
SpotHero, an on-demand parking-spot-finder website and mobile app, said Wednesday it has raised $4.5 million — its biggest funding round to date — and plans to hire more employees, improve its product and expand its presence locally and in the Western and Southwestern United States.
A healthy foods delivery company that’s expanding on the Near West Side will announce Tuesday that it’s won a $300,000 seed round of financing led by the main investor in the Protein Bar restaurants.