Newswatch: Retirement Investing: Don’t Go It Alone

The commercial real estate executive who paid $9.5 million in December for Michael Jordan’s massive Highland Park mansion announced on Thursday that he is offering co-ownership shares in the home, with bids starting at $1 million apiece. According to a new release, John Cooper, who is a general partner with Lincolnwood-based HAN Capital, is offering an unspecified number of co-ownership shares in the estate, which the retired Chicago Bulls player had tried to sell for more than 12 years.

A record number of Illinois residents have signed up for Affordable Care Act health insurance plans for this year — amid uncertainties about the future of tax credits that lower the cost of those plans for most consumers. In Illinois, 449,553 people selected health plans between Nov. 1, when open enrollment began, through Jan.

In April last year, the Environmental Protection Agency released its latest attempt to regulate the carbon emissions of power plants under the Clean Air Act. It's something the EPA has been required to do since a 2007 Supreme Court decision that settled a case that started during the Clinton administration.

A Houston-based developer paid Northwestern Mutual $148 million for the 352-unit E2 apartment complex at 1890 Maple Ave. in downtown Evanston, according to Cook County records. It’s believed to be the largest amount ever paid for a suburban multifamily property, according to one expert. “It’s the first time we’ve ever crossed the $140 million threshold in suburban Chicago,” said Ron DeVries, senior managing director at Integra Realty Resources. The purchase of the two-tower complex just west of Northwestern University by Hines, best known in the Midwest for developing downtown Chicago skyscrapers such as Salesforce Tower and River Point, could also boost plans from several other developers now seeking to launch new Evanston apartment projects of up to 31 stories. “Evanston is a highly sought-after market, a lot of people want to build there,” DeVries said. The previous sales record was held by Albion Residential, which in 2022 paid $139 million for Bourbon Square, an apartment complex in northwest suburban Palatine. Northwestern Mutual, a life insurance company, and several partners, including Fifield Cos., completed E2 in 2015, but Evanston hasn’t seen a new large-scale residential project in years, even though demand is quite strong, especially for apartments in its already-dense downtown, where residents can quickly access stores, restaurants and other entertainment. A spokesperson for Hines did not return a message seeking comment. “It’s one of the strongest rental markets in suburban Chicago, in terms of the rents (builders) can get,” Devries said.

The auto industry gets real at CES 2025, evolving concepts and technologies and setting realistic production goals. That may not sound exciting, but it means you could hit the road with all of these cars and tech as early as next year.

Some robots look like Swedish supermodels, some resemble metallic movie characters, and some look like snuggly toys.