Sep. 2, 2010 at 12:02 p.m.
Filed under:
Hotels,
Labor,
Unions
By Wailin Wong
Hyatt workers in Chicago are preparing to go on strike on Friday over unsuccessful contract negotiations.
The work stoppage, which is planned for an undisclosed Hyatt hotel in the Chicago area, will be the first strike of its magnitude since contracts for 6,000 hotel workers in Chicago expired in August 2009. Unionized hotel workers have staged other protests during the protracted contract negotiations, including brief walkouts at the Sheraton Chicago Hotel and Towers and the Hyatt Regency in downtown Chicago. Unite Here, the union representing hospitality workers, has focused on Chicago-based Hyatt Hotels Corp. and the Pritzker family, which controls the chain. Get the full story »
July 27, 2010 at 1:24 p.m.
Filed under:
Investing,
Real estate
By Sandra M. Jones
Pritzker Realty Group, the Chicago-based real estate firm affiliated with the wealthy Pritzker family, formed a joint venture with the Bozzuto Group to invest in apartment buildings on the East Coast.
The venture, which has an initial capital commitment of $75 million, will focus on properties in the greater Baltimore-Washington area, as well as in the broader Mid-Atlantic and Northeast region.
“This partnership allows us to tap into Bozzuto’s market expertise to invest in multifamily developments,” said Penny Pritzker, CEO of the namesake company and one of the key business leaders in the Pritzker family empire. Get the full story »
