As a draft of legislation that would give the Chicago Bears a massive property tax break at Arlington Park emerges in Springfield, the NFL franchise has a major backer in its corner. Illinois Chamber of Commerce President and CEO Todd Maisch s lobbying pitch to legislators is practically a version of the "Bear Down, Chicago Bears" fight song, which famously proclaims the team as the "pride and joy of Illinois."
The office and industrial real estate markets have moved in opposite directions since the COVID-19 virus arrived on U.S. shores almost three years ago. In late October, Dermody Properties broke ground on an industrial mega-development on the former corporate campus, of insurance giant Allstate.
Yes, downtown offices are struggling. But there is a different kind of emptiness in suburban settings that were already isolated and lightly populated by design.