Building Operations
Why Expand the State Street SSA and Increase Taxes to Pay for It?
Why Expand the State Street SSA and Increase Taxes to Pay for It? By Michael Cornicelli, BOMA/Chicago Executive Vice President The Chicago Loop Alliance thinks they know better than you how to operate a commercial office building, fill vacant space and increase asset value. And they want the City of Chicago to let them show you how…
Read MoreTOBY Insights from the 2014 North Central Region Winners
TOBY Insights from the 2014 North Central Region Winners By BOMA/Chicago Several weeks ago, BOMA/Chicago proudly announced the four member buildings that will go on to compete in the BOMA International TOBY Awards. These four buildings and their property management teams have advanced to the final of three TOBY competition levels, winning the local TOBY Award at the January 2014…
Read MoreTax Increases are Coming & Chicago’s Economic Viability Hangs in the Balance
Tax Increases are Coming & Chicago’s Economic Viability Hangs in the Balance By Ron Tabaczynski, BOMA/Chicago Director of Government Affairs Chicago is facing a predicament whose resolution will surely impact office building owners. State law mandates that Chicago make a $590 million contribution to its police and fire pension funds in 2015. If the city…
Read MoreStrengthen the CRE Industry by Supporting Workplace Diversity
Strengthen the CRE Industry by Supporting Workplace Diversity By BOMA/Chicago In order to succeed in the $300 billion commercial real estate industry, professionals must rely on their extensive and diverse skill sets. Managing an office building or a portfolio encompass a uniquely wide range of professional specialties that involve tenant relations, budgeting, security measures, emergency…
Read MorePartnerships with City Officials: A Key Component to Advocacy Success
Partnerships with City Officials: A Key Component to Advocacy Success By Ron Tabaczynski, BOMA/Chicago Director of Government Affairs Advocating on behalf of our members is one of the most important and valuable services a trade association like BOMA/Chicago provides. Our members clearly look to us to be the voice for commercial real estate in the City of…
Read MoreA Guaranteed Return on Investment: Your BOMA/Chicago Membership Dues
A Guaranteed Return on Investment: Your BOMA/Chicago Membership Dues By BOMA/Chicago Did you know that your BOMA/Chicago membership dues accrue a direct dollar for dollar benefit to your property, staff and building owners? As all of you are preparing to pay your 2014 BOMA/Chicago invoices by January 30, we wanted to take time to reflect…
Read MoreDeath of the Office Door
Death of the Office Door By the BOMA/Chicago Emerging Leaders Subcommittee What do open seating workspaces, Zen rooms, fully loaded kitchens, outdoor decks, Lego conference tables and open bars have in common? All are located in downtown Chicago office spaces and are part of a technology-driven trend that addresses the changing needs of today’s office…
Read MoreHow to Effectively Plan Ahead for 2014’s Concealed Carry Act
How to Effectively Plan Ahead for 2014’s Concealed Carry Act By BOMA/Chicago Security Committee Many Chicagoans would be shocked to see a “No Guns Allowed” sign at the entrance of a hospital. To us, this is implicit knowledge. Richard A. Devine, a Former State’s Attorney and current Partner at Meckler Bulger Tilson Marick & Pearson,…
Read MoreState Fire Marshall Withdraws Sprinkler Proposal
State Fire Marshall Withdraws Sprinkler Proposal August 2, 2013 On August 2, 2013, Illinois State Fire Marshal Larry Matkaitis withdrew his controversial proposal to update the Illinois fire safety code, which would have required the installation of fire sprinklers in all high-rise buildings and new homes. Due to the withdrawal of this proposal, the public hearing…
Read MoreBOMA/Chicago Opposes Proposal to Extend SSA #1 Taxation to New Parcels; First Committee Hearing April 30
BOMA/Chicago Opposes Proposal to Extend SSA #1 Taxation to New Parcels; First Committee Hearing April 30 July 13, 2015 The BOMA/Chicago Board of Directors recently adopted a position to publicly oppose any attempt to renew the State Street Special Service Area (SSA) if the proposed renewal adds any additional taxable parcels not taxed under the…
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