Logan Square tenants have sued their landlord in the first case under an anti-gentrification ordinance. Crain’s commericial real estate reporter Rachel Herzog discusses with host Amy Guth.<br><br>Plus: Illinois cannabis demand grows despite falling prices; Chicago developer buys River North office building for conversion that would add two stories; Save A Lot ending deal with Yellow Banana, putting seven Chicago stores at risk of closing; and Illinois-led quantum effort lands $30 million in federal funding.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

First test of Northwest Side anti-gentrification law

Crain's Daily Gist

[SPEAKER_A] Despite falling prices, Illinois cannabis demand has grown. And Logan Square tenants have sued their landlord in the first case under an anti-gentrification ordinance. I'll talk about it with Crain's reporter Rachel Herzog.

[SPEAKER_B] The landlord and the brokerage Compass and the real estate agent who was marketing the building, they'll have to respond in court. And it could be a situation, you know, where the tenants do end up moving before the lawsuit makes its way through the system.

[SPEAKER_A] I'm Amy Guth, and this is Crain's Daily Gist for Wednesday, July 22nd.

[SPEAKER_C] Looking to expand your business? Ready to turn that 10,000-square-foot warehouse into 100,000? Commercial bankers at Old National think as big about your business as you do. They're by your side with smart ideas around cash flow, working capital, collections, and even retirement plans services that fit your needs. Because when you succeed, they succeed. Old National Bank, where relationships and results meet. Connect with a banker today at oldnational.com/commercialbanking. Member FDIC.

[SPEAKER_D] A group of Logan Square tenants have sued their landlord in the first case under an anti-gentrification ordinance. Here to talk about it, Crain's commercial real estate reporter Rachel Herzog. Rachel, welcome back to the podcast. Always a joy to have you here.

[SPEAKER_B] Hi, Amy. Thanks for having me.

[SPEAKER_D] We have talked about this before. This is definitely a thing and it was a controversial thing and there was a kind of a pilot test of this prior to it moving forward officially. But tell me about this lawsuit and then let's kind of get into the background of this.

First test of Northwest Side anti-gentrification law

Read the full transcript

The candid version is on a podcast,
not the earnings call.

First test of Northwest Side anti-gentrification law

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.