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New York CNN —Walgreens just opened a redesigned store in a downtown Chicago neighborhood where most of the merchandise is intentionally kept out of sight. It’s not designed to deter theft, Walgreens says. The new Walgreens store now has only two aisles for shoppers to peruse for their everyday needs, such as over-the-counter medication, bath and body care supplies, batteries, Band-aids, and grab-and-go snacks. Those hidden products – including color cosmetics, beer, wine and spirits, hair color products and gift cards – can only be accessed for purchase through a kiosk system, also set up in the store. Illinois governor J.B. Pritzker signed a bill that went into effect Jan. 1 that’s designed to crack down on retail crime by raising penalties on retail theft statewide.
Persons: Walgreens, Robb Karr, J.B, Pritzker, , Karr, , John Hassard, Robson, Hassard, Lululemon, “ We’re Organizations: New, New York CNN, Walgreens, Roosevelt, What’s, CNN, Walmart, Target, Illinois Retail Merchants Association, Walgreens ., Robson Forensic, National Retail Federation Locations: New York, Chicago, America, Walgreens . Illinois, Atlanta, harm’s, San Francisco
Walgreens renovated a store in Chicago and moved most of the products off the shop floor. This could help the company cut down on theft amid a rise in organized retail crime. The company told the Sun-Times that the redesigned store in South Loop had more staff than the average store. Some customers told local news site Block Club Chicago that they felt the store had been redesigned to cut down on theft. Moreover, Kehoe said that theft isn't as much of a problem at Walgreens stores as it was.
Persons: , CWB, James Kehoe, Kehoe Organizations: Walgreens, Service, Chicago Sun, Times, Sun - Times, Block, Chicago Locations: Chicago, South, CWB Chicago
If he hadn't been laid off or racked up $5,000 in parking tickets, Mark Lawrence might have never launched his digital parking company. SpotHero declined to provide revenue figures, but its website notes that it takes a 35% cut of each reservation. The company has other revenue streams, too — like selling price data analysis to parking sellers, for example. "The whole idea was that there's not enough parking, [and] how do we make it easy to park?" Turns out, there was actually plenty of parking, he says: "You just don't know where it is."
Sam Zell, billionaire real estate investor, dies
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: +4 min
He had a golden touch with real estate, and got his start managing apartment buildings as a college student. His father was a wholesale jeweler who dabbled successfully in real estate investment and the stock market. His first successes in real estate came while he was a student at the University of Michigan. After the savings and loan crisis of the 1980s, Zell went on a buying spree of real estate properties. He also encouraged institutional investors to pool their money for commercial real estate in the early '90s when it was on the outs.
In 2022 they moved their family to Daufuskie Island, South Carolina, near the Georgia border. Most Daufuskie Island residents leave their cars on Hilton Head and instead traverse the island by golf cart. Haig PointWe've come to Daufuskie Island five or six times before we decided to move. The ferry travels across the Calibogue Sound between Daufuskie Island and Hilton Head. Nicolle: The water taxi is free for children under 18, and for adults it's $6 each for the first two adults.
Some posts sharing miscaptioned clips refer to the closure of four out of the eight Walmart stores in Chicago, a move the retailer attributed to them not being profitable (here). “Just another Sunday night in a Chicago Walmart. VIDEO #2Another clip purports to show a Walmart store ransacked in Chicago this past weekend (here) (here). A tweet identifying the location to be a Walmart store in Chicago here (goo.gl/maps/Z9UyhoXYdimoBAfc9) is viewable (here). The clip may be related to large crowds that were seen near that gas station on April 2.
As concerns about regional banks roiled markets, investors weighed another threat: commercial real estate. Also, layered on top of the property value pressure, are the tightening credit conditions brought on by the recent turmoil in the banking sector. There is no doubt this scenario is a toxic mix for the capital-intensive real estate industry. At the moment, many experts say the real estate market isn't causing trouble for banks, but fears about the financial system are likely worsening conditions in real estate because liquidity is being reduced. The biggest concern is seeing how many other companies join Brookfield , Blackstone and Pimco in handing back the keys on office properties, Clancy said.
So You Want to Turn an Office Building Into a Home? There’s an appealing simplicity to the idea of converting office buildings into housing. Basically, they did this:How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. That could change with tax abatements and subsidy programs, or if outdated office buildings lose so much value that the cost of acquiring them plummets.
Saudi Arabia's Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, The Wall Street Journal reported on Saturday, citing people familiar with the matter. The aircraft order is valued at $35 billion, the report said, adding that the deal could be announced as soon as Sunday during an official launch of the national airline. The deal includes wide-body jets which are often used for long international flights, the report added. Boeing declined to comment and the Saudi PIF did not immediately respond to a request from Reuters for comment on the report. The deal is part of a rapid expansion by the country under a strategy to transform the kingdom into a transport hub and promote tourism.
As the debate over the merits of in-person versus remote work continues to rage in companies and cities throughout the U.S., one thing has become painstakingly clear: There is no right answer. Pining for the office after months apartMadison Turner never thought she'd work in an office again. "I really missed the watercooler talk I used to have with co-workers at previous in-office jobs," she tells CNBC Make It. "I've seen the biggest improvement in my work-life balance since returning to the office full-time," she adds. Transitioning from an in-person to a remote job has "exponentially improved" DeGeorge's work-life balance, she says, as it's easier for her to drive her son to school and his therapy appointments.
Leonid Radvinsky bought OnlyFans, an adult content platform, in 2018 for an undisclosed sum. The subscription-based adult content platform was founded in the UK by Tim Stokely in 2016 before Radvinsky took control. OnlyFans is not his first foray into the world of adult content. It ran a number of websites in the early 2000s that marketed "hacked" and "illegal" passwords to porn sites, Forbes reported last year. Radvinsky's next venture came in 2002 when he set up MyFreeCams, a porn site that featured "models" who got naked and offered sexual performances on webcams.
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A condo unit in Downtown Chicago with a private outdoor pool has sold for $20.56 million, the developer said.
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. Anyone who passed through downtown Chicago in the 1970s or ’80s might have encountered a weathered blond woman wearing a rabbit fur coat and men’s orthopedic slip-ons as she hawked her art on Michigan Avenue. If you looked like a prospective buyer, she would slowly, seductively, unfurl her latest canvas as you approached. Frenchy,” a racy hit from World War I, was her favorite. The eccentric “bag lady,” as she was often called, was Lee Godie, one of the city’s most iconoclastic artists.
Persons: unfurl, Lee Godie Locations: Times, Chicago, Michigan
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