Industrial developers setting new construction records, but gold rush likely to end in 2023 – Chicago Tribune/MSN

Six or seven years ago only a few companies per year would sign leases in the Chicago-area market for more than 500,000 square feet of warehouse space, but there were 16 such deals in 2020, 19 in 2021 and 13 in the first three quarters of 2022, said Craig Hurvitz, vice president of market research at Colliers International.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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