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Those proposed reforms, which affect how TIF spending occurs within existing districts, will increase transparency for future TIF allocations while establishing new guidelines for TIF spending, internal review and approval processes and public disclosures, according to the mayor.
The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.
Intercom will take over building owner Sterling Bay's current headquarters space, as the Chicago developer will move its headquarters to 333 N. Green Street in Fulton Market.
HSA Commercial has acquired a 68-acre land parcel at Wilmot Road and 136th Avenue in Bristol, near I-94 and the Wisconsin-Illinois border. The firm has already received approval to develop a multi-phase business park on the parcel consisting of three buildings totaling more than 1 million square feet.
Numerator will utilize the space as its new global headquarters. The company reports the space will accommodate Numerator's planned increase from its current 250 Chicago-based workforce to more than 350 by 2022.
Aspen Dental will occupy nearly half of the building with 197,000 square feet of office space and 8,000 square feet of retail space on West Fulton Market. Upon occupancy, the property will serve as Aspen Dental's new national headquarters.
Evergreen Real Estate Group commenced construction on the $81-million project at 4515 N. Winchester Ave. in Chicago's Ravenswood neighborhood last week.