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September 25, 2019

Chicago Aims To Develop Life Sciences Clusters And Narrow Its Life Expectancy Gap

Join Oxford Capital Group, Fifield Cos., LG Development, Waterton and Marquette Cos. at Bisnow Multifamily Annual Conference Midwest Nov. 14

Government planners, developers and healthcare institutions are developing plans to foster new biomedical research and life sciences clusters across much of Chicago.  

The plans, which encompass new developments such as Sterling Bay’s Lincoln Yards on the North Side, Farpoint Development’s undertaking on the former site of Michael Reese Hospital on the South Side, and the Near West Side’s Illinois Medical District, could transform the real estate submarkets that surround the Central Business District.

Chicago Aims To Develop Life Sciences Clusters And Narrow Its Life Expectancy Gap

The recent decision of Tokyo-based Takeda Pharmaceuticals to move its suburban Chicago headquarters and about 1,000 employees to the Boston area by year’s end illustrates these efforts’ importance, according to panelists at Bisnow’s National Healthcare Series: Midwest Real Estate Summit Tuesday.Metro Boston already has…

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Inland Private Capital Corp. Jumping Into Senior Living Sector

Inland Private Capital Corp. Jumping Into Senior Living Sector

Inland Private Capital Corp., an Oak Brook, Illinois-based investor, has entered the senior housing sector by forming a strategic relationship with Spectrum Retirement Communities, a national owner, operator and developer of senior living communities. Spectrum has 45 communities under management, including Lombard Place Assisted Living and…

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CRE To Trump: Homelessness Isn't That Simple

New efforts by the Trump administration to penalize California for its housing crisis are misguided and off base, several CRE experts told Bisnow Tuesday.

The White House’s new report on homelessness, released by the Council of Economic Advisors last week, threw most conventional wisdom about the housing crisis to the wayside, instead focusing on more tightly restricted criteria for aid, an increase in policing and less regulation to spur market-rate housing.

Secretary of Housing and Urban Development Ben Carson backed up that approach Tuesday, when he said the state would continue to face pressure from federal authorities. Comments from President Donald Trump taking aim at the state's housing policies drew headlines and renewed criticism.

In multiple interviews across the state, builders, developers and policymakers all told Bisnow the same thing about the fracas: California does have a serious homelessness problem, but it won’t be solved by simple “silver bullet” solutions like the ones proposed in the report.

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