Advocacy
BOMA International Submits Recommendations to Congressional Leadership
BOMA International Submits Recommendations to Congressional Leadership April 16, 2020 On Thursday, April 16, BOMA International sent a letter outlining recommendations to ensure the physical safety and economic security of the commercial buildings sector to congressional leadership as Congress considers additional COVID-19 relief legislation. The letter was signed by BOMA President Henry Chamberlain and Chair Scott…
Read MoreBOMA/Chicago Continues to Oppose Data Modernization Bill
BOMA/Chicago Continues to Oppose Data Modernization Bill March 11, 2020 At the urging of BOMA/Chicago members and their building tenants, BOMA/Chicago successfully opposed Senate Bill (SB) 1379 during last year’s legislative session. The legislation, sponsored by Cook County Assessor Fritz Kaegi, would have required commercial properties to submit income and expense data annually. BOMA/Chicago teamed…
Read MoreJoin BOMA/Chicago’s Fight For A Better Property Tax System
Join BOMA/Chicago’s Fight For A Better Property Tax System The assessment rate for commercial properties in Cook County is 250% of the rate of assessment for residential properties, resulting in higher tax bills for commercial properties of equivalent value. BOMA/Chicago’s member buildings have paid over $1 billion in property taxes in just one year. Could…
Read MoreCodes Committee Discusses Delivery of Violation Notices with Chicago Comptroller Reshma Soni
Codes Committee Discusses Delivery of Violation Notices with Chicago Comptroller Reshma Soni December 23, 2019 BOMA/Chicago’s Codes Committee hosted City of Chicago Comptroller Reshma Soni at the committee’s December meeting. The Codes Committee has been talking about ways to streamline the city’s delivery of violation notices, including public way permits. Often times notices are not…
Read MoreKevin Purcell: The Man Focused on Bringing the Central Loop Back
Kevin Purcell: The Man Focused on Bringing the Central Loop Back We had the opportunity to sit down with BOMA/Chicago Board member Kevin Purcell, President of Leasing and Management Services, with MB Real Estate. Under Kevin’s leadership, MB Real Estate’s portfolio has increased more than 100% and now exceeds 20 million square feet across the country.…
Read MoreJust How ‘Fair’ is the City’s New Fair Workweek Ordinance?
Just How ‘Fair’ is the City’s New Fair Workweek Ordinance? By Michael Cornicelli, BOMA/Chicago Executive Vice President Most BOMA/Chicago members know us as the champion for all aspects of the commercial real estate industry through our education, advocacy and networking efforts. Yet an interesting fact many people are surprised to learn is that one of…
Read MoreTick-Tock Goes the Property Tax Clock
Tick-Tock Goes the Property Tax Clock By Michael Cornicelli, Executive Vice President, BOMA/Chicago One of the more eye-catching headlines I have seen in the last month or so came from Joe Cahill at Crain’s Chicago Business, and it read, “Defuse the property tax bomb.” How appropriate given the extensive sparks flying around the issue of increasing property taxes. Expressing…
Read MoreCouncil Committee Approves Fair Work Week Ordinance
Council Committee Approves Fair Work Week Ordinance July 24, 2019 After obtaining approval from the Chicago City Council Committee on Work Force Development a day earlier, the full City Council passed a substitute version of the Chicago Fair Work Week Ordinance on July 24. Prior to the vote, BOMA/Chicago had maintained its position that language requiring a waiver…
Read MoreIllinois House Majority Leader Greg Harris Meets with BOMA/Chicago Board
Illinois House Majority Leader Greg Harris Meets with BOMA/Chicago Board July 23, 2019 BOMA/Chicago welcomed Illinois House Majority Leader Greg Harris at our July Board of Directors meeting. Leader Harris provided a legislative update on energy, tax and state budget issues and Board member shared market insights and concerns. In This Section EventsBuilding OperationsAdvocacy Legislative Action Center…
Read More47th Ward Alderman Matt Martin Tours 200 West Monroe
47th Ward Alderman Matt Martin Tours 200 West Monroe July 23, 2019 Lee Hebert with Accesso Services hosted 47th Ward Alderman Matt Martin on a tour of 200 West Monroe. During the tour and presentation, Lee shared insights about the commercial real estate industry, property taxes and sustainability initiatives, while highlighting the tenants and businesses in…
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