RM

Rafael Mendoza

Senior Editor, Business & Economy

Rafael Mendoza brings over two decades of experience in financial journalism to his role as Senior Editor for Business & Economy. He specializes in demystifying complex economic trends and their impact on the daily lives of residents. His work focuses on tracking major development projects from the boardroom to the groundbreaking, analyzing corporate relocations, and investigating the financial health of the city's key institutions. Rafael believes that a clear understanding of the local economy empowers citizens and holds leaders accountable. He previously served as a senior writer for the Miami Herald's business desk and has contributed to national publications on topics of urban economic renewal.

Expertise

Urban EconomicsMunicipal FinanceCommercial Real EstateEconomic Policy Analysis

Coverage Areas

Business & Economy
Real Estate & Development
City Hall

Latest Articles

Sydney Adamu takes charge of 'The Bear' restaurant amidst chaos and existential threats in the Season 5 trailer.
Business & Economy

The Bear Season 5 trailer shows restaurant crossroads

A flood, a delivery cut-off, and the building being sold off: these are just some catastrophic challenges facing The Bear restaurant in its newly released final season trailer.

Jun 9, 2026 · 2 min read

Diverse group of young people actively participating in a positive community event on Chicago's South Side, showcasing unity and constructive engagement.
Business & Economy

South Side Peace Takeover Offers Alternative to Teen Trends

On May 25, Chicago Police closed DuSable Lake Shore Drive at 57th Street after approximately 1,000 people gathered in Hyde Park.

Jun 8, 2026 · 3 min read

Concerned Bronzeville residents gather on a street corner at dusk, reflecting on recent youth violence incidents and the alderman's comments.
Business & Economy

Bronzeville Alder Blames Parents After Teen Gatherings, Shootings

Over the weekend, seven young people, including a 12-year-old boy shot in the leg, were injured in separate shootings at unsanctioned youth gatherings in Chicago's Bronzeville neighborhood.

Jun 8, 2026 · 3 min read

A dark, stormy sky over Chicago with heavy rain falling and streets beginning to flood, highlighting the severe weather forecast.
Business & Economy

Chicago forecast: Rain, heat, and flood risk through Thursday

Just west of Chicago, storms have already unleashed rainfall at rates of up to 3 inches per hour, setting a precedent for the intense downpours expected to hit the city alongside soaring 90-degree tem

Jun 8, 2026 · 3 min read

A dimly lit basketball arena with a spotlight on a microphone stand, symbolizing the passing of Chicago Bulls' beloved TV voice, Stacey King.
Business & Economy

Stacey King, Bulls' longtime TV voice, dies at 59

Stacey King, a three-time NBA champion with the Chicago Bulls and a longtime broadcaster for the team, has died at the age of 59, according to The New York Times , ABC7 Chicago , and CBS News .

Jun 8, 2026 · 4 min read

Silhouette of a woman against a futuristic South Korean cityscape, representing the nomination of Han Seong-sook as the first female Prime Minister focused on AI.
Business & Economy

Lee Nominates Han Seong-sook: First Female PM in 20 Years

If confirmed, Han Seong-sook will become South Korea's first female prime minister in 20 years, marking a strategic move by President Lee Jae Myung to position the nation for an AI-driven future.

Jun 7, 2026 · 3 min read

A modern Chicago office tower, 20 South Clark Street, stands illuminated at dusk, symbolizing financial stability in a challenging urban real estate market.
Business & Economy

George Armoyan's Clarke Buys Chicago Office Towers, Becomes Debt-Free

In a Chicago office market grappling with record vacancies and looming debt maturities, one major tower, 20 South Clark Street, now operates entirely debt-free.

Jun 7, 2026 · 2 min read

Historic bank building in Chicago's West Side being transformed into a 78-unit mixed-income apartment development.
Real Estate & Development

West Side Housing Development: Applications Open for Historic Bank

To even learn more about the new 78-unit mixed-income apartment building opening on Chicago's West Side, prospective residents must pay a $17 fee via money order or cashier's check, according to Block

Jun 6, 2026 · 2 min read

A lively street festival in Chicago's Pilsen neighborhood with diverse crowds, food stalls, and colorful decorations celebrating community.
Business & Economy

Michelada Fest Canceled, Returns as Free Pilsen Street Celebration

For the second consecutive year, Michelada Fest has been canceled.

Jun 6, 2026 · 2 min read

Diverse LGBTQ+ hockey players celebrating together on the ice, showcasing community and joy in Chicago.
Business & Economy

Exclusion fuels Chicago queer hockey growth and visibility

More than one hundred new members joined Chicago Pride Hockey this year, doubling its typical Pride month growth, even as national hockey bodies moved to exclude trans athletes.

Jun 5, 2026 · 2 min read

A Jeep Wrangler crashed through the front window of a Dunkin' Donuts on Chicago's Northwest Side, with emergency services present.
Business & Economy

Driver Crashes Jeep Into Dunkin' on Chicago's Northwest Side

Two women enjoying their morning coffee at a Chicago Dunkin' were suddenly hospitalized after a 32-year-old woman, driving on a suspended license, accelerated her Jeep directly through the store's fro

Jun 5, 2026 · 2 min read

Split image: A lively Pride celebration crowd at Wrigley Field contrasted with a silent, empty social media feed, symbolizing the Chicago Cubs' digital detachment from Pride Month.
Business & Economy

Chicago Cubs Social Media Silent on Pride Month in 2026

As of Tuesday afternoon, the Chicago Cubs' social media accounts remained silent on Pride Month 2026, a stark departure from previous years.

Jun 4, 2026 · 3 min read

A child illuminated by a smartphone screen in a dark room, symbolizing the risks of social media targeting and online exploitation.
Business & Economy

Illinois law restricts social media targeting of children

In 2025, reports to the Illinois ICAC Task Force surged by 45% over the previous year, signaling an escalating crisis of online child exploitation.

Jun 4, 2026 · 2 min read

Illinois State Capitol building at dusk with politicians discussing a stadium blueprint, symbolizing the uncertain future of the Chicago Bears stadium deal.
Business & Economy

Pritzker leaders adjourn session, leaving Bears stadium deal uncertain

Illinois legislative leaders adjourned their spring session in 2026 without a final vote on a critical 'megaprojects bill,' effectively stalling the Chicago Bears' $2 billion stadium investment.

Jun 2, 2026 · 4 min read

Students in an Illinois classroom with a subtle focus on the potential for cellphone distractions, representing the new bill restricting their use.
Business & Economy

Illinois lawmakers pass bill restricting school cellphone use

By the 2027-2028 school year, every K-12 public and charter school in Illinois will be required to adopt policies restricting student cellphone use during the school day, following a bill sent to Gove

Jun 2, 2026 · 3 min read

Two figures, a Black woman and a white man, stand on a theatre stage under a spotlight, separated by distance and tension, representing the characters of 'Keerah'.
Business & Economy

Netta Walker's 'Keerah' is a playwright debut at Definition Theatre

Seven years after a summer romance between a Black American poet and an Irish writer, a journalist forces them to confront their past in Netta Walker's play 'Keerah', premiering at Definition Theatre.

Jun 2, 2026 · 2 min read

Illinois State Capitol building with residents looking towards a hopeful horizon, representing the search for tax relief and affordability.
Business & Economy

Illinois House Approves Delinquent Tax Sale Reform

Last year, nearly 7,500 Illinoisans moved to Missouri, where property taxes are less than half what they paid in Illinois, according to Senator Curran .

Jun 1, 2026 · 2 min read

A decaying 34-unit Chicago multifamily building, symbolizing the financial losses and community impact of real estate defaults.
Real Estate & Development

Chicago multifamily collapse costs lenders and communities millions

At 7908-7926 South Ingleside Avenue, a 34-unit building seized by Roc Capital was fire-damaged, stripped of plumbing, and occupied by squatters by early 2026.

May 31, 2026 · 2 min read

The exterior of the Lucky Strike Wrigleyville building, showing its closed doors and darkened interior with visible empty bowling lanes and arcade machines.
Business & Economy

Lucky Strike Wrigleyville Permanently Closes Its Doors

Employees at Lucky Strike Wrigleyville received little to no warning before the popular bowling alley and arcade permanently closed its doors, leaving many suddenly jobless, according to Block Club Ch

May 30, 2026 · 4 min read

The Trump Tower Chicago building at dusk, with a small Mediterranean cafe sign illuminated in a ground-floor window along the Chicago River.
Business & Economy

Trump Tower Chicago Lands Tiny First Retail Tenant After 17 Years

Trump Tower Chicago's 70,000-square-foot riverfront commercial space secured its first tenant in 17 years, a 2,800-square-foot Mediterranean café.

May 30, 2026 · 3 min read