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No Late Fee on Cook County Property Taxes through October 1

No Late Fee on Cook County Property Taxes through October 1 July 28, 2020   Second Installment Cook County property tax bills are due on August 3, 2020, but property owners will have two extra months to pay without a late fee, as announced by  Cook County Treasurer Maria Pappas. Head over to the Cook County…

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Entry Wages Under Security Contract Increased Effective July 1

Entry Wages Under Security Contract Increased Effective July 1 July 28, 2020   As a result of Chicago’s minimum wage rate increasing on July 1 to $14.00, entry wage rates under the BOMA/Chicago and SEIU Local 1 Security Agreement were also adjusted as indicated below. For more information, please contact Beth Halat, Membership Director, at bhalat@bomachicago.org. In…

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Chicago Updates Emergency Travel Order to Include Wisconsin, Missouri, North Dakota and Nebraska

Chicago Updates Emergency Travel Order to Include Wisconsin, Missouri, North Dakota and Nebraska July 21, 2020   The City of Chicago updated its quarantine list to include the states of Wisconsin, Missouri, North Dakota and Nebraska, effective July 31. The states designated in the travel order have a significant degree of community-wide spread of COVID-19.…

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Submit Your Building Engineer Agreement Signatory Forms

Submit Your Building Engineer Agreement Signatory Forms July 21, 2020   BOMA/Chicago has begun negotiations for a new Building Engineers Agreement with the International Union of Operating Engineers (IUOE) Local 399. The current list of signatories will not carry over to the new Agreement; once the new agreement is signed, all signatories to the existing Agreement…

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Mayor Lightfoot Issues New Restrictions on Bars, Restaurants and Gyms

Mayor Lightfoot Issues New Restrictions on Bars, Restaurants and Gyms July 20, 2020   Due to a spike in COVID-19, Mayor Lightfoot has reinstated certain restrictions as listed below that will go into effect Friday, July 24. Bars, taverns, breweries and other establishments that serve alcohol for on-site consumption without a retail food license will no longer…

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Governor Pritzker Moves Illinois from 4 Covid Regions to 11 COVID Regions

Governor Pritzker Moves Illinois from 4 Covid Regions to 11 COVID Regions July 16, 2020   Governor Pritzker announced today that he is evolving the State’s COVID response by moving Illinois from four COVID regions to eleven COVID regions (based on the eleven EMS/hospital regions established by IDPH). The new COVID regions are as follows:…

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2019 Chicago Construction Codes Full-Day Training Program

2019 Chicago Construction Codes Full-Day Training Program July 6, 2020   The Department of Buildings is pleased to announce an opportunity to learn more about the transition to the 2019 Chicago Construction Codes in a full-day virtual training program, scheduled for Friday, July 24, 2020. Though all are welcome to register, the program will be…

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How to Maintain Parking Lots While Safely Preparing for Re-Entry

How to Maintain Parking Lots While Safely Preparing for Re-Entry Iannessa with Rose Paving The COVID-19 outbreak has left many building owners feeling stuck between a rock and a hard place. After all, the mortgage doesn’t care if your tenants can’t pay the rent because of Coronavirus It’s a bad situation for everyone but there are…

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Gold Circle Award Profile: Tyler Siegel, 2020 Emerging Leader of the Year

Gold Circle Award Profile: Tyler Siegel, 2020 Emerging Leader of the Year Tyler Siegel, former Associate Real Estate Manager with CBRE at 737 North Michigan Avenue (now with Edge-Funds in New York), was named 2020 Emerging Leader of the Year. How did your career in commercial real estate begin? I began my Real Estate career…

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What Do Lenders Really Want from Property Managers?

What Do Lenders Really Want from Property Managers? By Michael Giese, Executive Director, Glenstar There are times when it seems that lenders, loans and reporting requirements are a mystery, and that one misstep could potentially put your funding in jeopardy.  With so much at risk, how are property managers supposed to know what lenders want?…

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