Northwestern plans to start excavating the site later this year, but still needs several state and city approvals before launching construction, most likely in 2027.

Elon Musk may never colonize Mars as promised, but enough investors consider the SpaceX founder to be a sort of miracle man that they’ll help him reach another fantastic goal Friday when he takes the rocket company public.

A year after a dispute erupted between Quadrel Realty Group and several Evanston tenants, the company has reached a new lease agreement.

The Gary/Chicago Airport Authority awarded a $16 million contract to Larson-Danielson Construction for constructing a new air traffic control tower.

A new 6,000-foot runway at the Waukegan National Airport, replacing the current aging landing strip, took another step toward reality when part of the environmental analysis requirements imposed by the Federal Aviation Administration (FAA) became less complicated.

RTA board Chair Kirk Dillard made it clear in a letter sent to transit officials this week: Any changes to executive leadership at the CTA now need the OK of Illinois’ new transit governing body.

The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage buyer Freddie Mac said Thursday. Despite the increase, the average rate remains below 6.84%, where it was a year ago.

Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world’s richest man, could become its first trillionaire.