Sterling Bay CEO Andy Gloor is seeking new financing for the $6-billion Lincoln Yards mega-development in Chicago after delays in getting approvals from the city have set the project behind schedule. Mayor Lori Lightfoot has reportedly “put a brake on” the 53-acre development, which was slated to become a life sciences hub, and pushed it back three years. According to Gloor, this delay could cost up to $10 billion when taking into account construction jobs and permanent positions that would be created by its completion.
Stronger US Economy, Not Inflation, Drives 10-Year Treasury Yield Surge and CRE Outlook
The sharp rise in the 10-year U.S. Treasury yield since August is being driven more by economic strength than by
Steve Griffin
November 7, 2026
