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  #2541  
Old Posted Jan 16, 2019, 2:50 PM
the urban politician the urban politician is offline
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Quote:
Originally Posted by Vlajos View Post
^ I've read about this new Healthcare HQ from the combining of CO and CA based comoanies a few times now, but I have not seen any mention of jobs. Anyone know anything about that?
Seriously?

I mean, you have a long standing habit of posting comments that reflect that you haven’t read any of the posts above yours, but this takes the cake
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  #2542  
Old Posted Jan 16, 2019, 2:57 PM
Vlajos Vlajos is offline
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Originally Posted by the urban politician View Post
Seriously?

I mean, you have a long standing habit of posting comments that reflect that you haven’t read any of the posts above yours, but this takes the cake
Sorry, haven't seen a post about job numbers. Would have quicker for you to post a number than that. So how many?
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  #2543  
Old Posted Jan 16, 2019, 3:04 PM
IrishIllini IrishIllini is offline
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Quote:
Originally Posted by Vlajos View Post
Sorry, haven't seen a post about job numbers. Would have quicker for you to post a number than that. So how many?
I think initial statements said ~800.
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  #2544  
Old Posted Jan 16, 2019, 3:19 PM
the urban politician the urban politician is offline
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Originally Posted by IrishIllini View Post
I think initial statements said ~800.
Huh? Where did you see that number? I highly doubt that
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  #2545  
Old Posted Jan 16, 2019, 4:49 PM
LouisVanDerWright LouisVanDerWright is offline
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Originally Posted by the urban politician View Post
^ Where did anyone say that the suburban office market is thriving? You’re comparing office space to warehouse space? I mean, the downtown area’s office vacancy alone is often in the low teens, so 20% in that context isn’t too bad.

All that article said is that it’s not in a state of total collapse. It’s treading water despite a lot of HQ decamping for downtown, and has actually still had steady absorption.
The Downtown vacancy rate is not in the teens, it's 11%. Several submarkets of downtown are in the single digits including River North. That's despite brisk new construction and addition of huge blocks of rehabbed space in recent years. In fact, single digit vacancy isn't healthy and indicates a severe supply shortage. What is healthy is vacancy in the 10-15% range being maintained in that range by consistent new supply.

My point is that, even though the rate has fallen from like 25% in the burbs, that's still not healthy because barely any new supply has been added and what little new supply like the Zurich offices has been built has been more than offset by demolition of corporate campuses. The suburban rate has probably fallen just as much because supply has gone off the market as it has from new job creation.
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  #2546  
Old Posted Jan 16, 2019, 7:18 PM
IrishIllini IrishIllini is offline
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Quote:
Originally Posted by the urban politician View Post
Huh? Where did you see that number? I highly doubt that
You think higher or lower? I don't remember where I saw that. It may have been here when it was first announced .

I'll look around later if I remember to.
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  #2547  
Old Posted Jan 16, 2019, 8:44 PM
tjp tjp is offline
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444 Lake ... they chose a pretty swanky office for a non profit.
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  #2548  
Old Posted Jan 16, 2019, 8:47 PM
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Steely Dan Steely Dan is offline
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Quote:
Originally Posted by tjp View Post
444 Lake ... they chose a pretty swanky office for a non profit.
lol, that was my first thought as well.

they probably had to pray pretty hard on that one.
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  #2549  
Old Posted Jan 16, 2019, 9:09 PM
the urban politician the urban politician is offline
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Quote:
Originally Posted by tjp View Post
444 Lake ... they chose a pretty swanky office for a non profit.
Not just a non-profit, it's a "ministry"

They are doing the work of God and Jesus, after all...
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  #2550  
Old Posted Jan 16, 2019, 9:27 PM
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Its easy to have non-profit, just crank up the benefits. M3 leases for summer interns? Why not?


Plus, that godly tax evasion.
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  #2551  
Old Posted Jan 17, 2019, 12:47 AM
the urban politician the urban politician is offline
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Two healthcare related companies expanding by 132k sf at the Aon center. No mention of number of jobs, but probably a lot:

https://therealdeal.com/chicago/2019...ent-occupancy/
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  #2552  
Old Posted Jan 18, 2019, 3:17 AM
marothisu marothisu is offline
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It's small - my guess is no more than 50-75 employees, but will be interesting to see who else follows suit. And although it's not a HQ or anything, add another food/beverage office from a major company to the downtown area.

Coca-Cola moving local office to Fulton Market

https://www.chicagobusiness.com/comm...-fulton-market

Quote:
Coca-Cola has leased offices at a new 150,000-square-foot building that Chicago developer McCaffery Interests will open in March at 1201 W. Lake St., McCaffery announced.

The deal is relatively small, at a little under 7,400 square feet, and a Coca-Cola spokesman declined to say how many employees will be stationed there. But the beverage company will move its Chicago corporate office to the building from west suburban Downers Grove, where it was a few miles from McDonald's former headquarters in Oak Brook. Coca-Cola also will consolidate teams from other local offices to regain its proximity to one of its largest customers in McDonald’s, which moved last April to 110 N. Carpenter St
Quote:
Some set up shop quickly, like Sydney, Australia-based Coates Group, which among other products designs digital displays for McDonald's drive-through lanes. The company moved its U.S. headquarters last year to 112 N. May St., two blocks west of McDonald's home. French digital kiosk company Acrelec in late 2017 bought a mixed-use loft building six blocks west of the McDonald's headquarters to build out an innovation center. And some have tested the waters by leasing co-working space nearby.
Quote:
But leasing brokers in the area say it has been more of a trickle than a flood of vendors. It's far from what developer Sterling Bay envisioned when it initially proposed a 12-story office building at 210 N. Carpenter St.—a little more than a block north of McDonald's—as a "vendor village" that would be a destination for companies that do a lot of business with McDonald's.
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  #2553  
Old Posted Jan 18, 2019, 5:13 PM
marothisu marothisu is offline
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In some Chicago funding news..

Truss is set to make 100 hires following $15M Series A-2

https://www.builtinchicago.org/2019/...aises-series-a

Quote:
Truss, a Chicago tech startup that helps businesses find offices and other commercial spaces, is going to need a new office of its own.

The company just raised a $15 million Series A-2, and plans to expand its staff by more than 100 people this year.

..

Truss, founded in 2016, hosts over 30,000 listings across nine markets that include Chicago, Dallas, Boston and South Florida. The company intends to spread its market coverage by over 50 percent this year, beginning on the west coast, in cities that include San Francisco and Seattle before spreading eastward.

The company will also be hiring new team members in product development, data analytics and field broker roles.

“With this round, we’re looking to expand by over 100 people in 2019,” said Smith.

The company is also working on a Truss Analytics project geared toward serving commercial real estate professionals.
---

Bringg Raises $25M to Help Walmart and Coca-Cola With Delivery Logistics

https://www.americaninno.com/chicago...ery-logistics/

Quote:
Logistics startup Bringg has raised $25 million in new funding as it aims to help businesses ship their goods more efficiently.

Bringg, co-headquartered in Chicago and Tel Aviv, raised the new round from a host of well-known investors.

...

Bringg has now raised $53 million in funding since it was founded in 2013.

Bringg’s logistics platform gives companies a more efficient way to manage their delivery operations, allowing them to orchestrate, measure and track the entire delivery process.

The startup’s customers include brands like Walmart, Panera Bread, Coca-Cola and Auto Zone. Bringg says it has clients in more than 50 countries, and it plans to use the funding to continue to expand and boost its sales, marketing and development efforts.
----

BenchPrep raises $20M Series C to double headcount, boost product development

https://www.builtinchicago.org/2019/...-funding-round

Quote:
Nothing says “new year, new me” like fresh funding.

On Tuesday, BenchPrep announced a $20 million Series C led by Jump Capital and San Francisco-based venture capital firm Owl Ventures. Existing investors NewView Capital and Revolution Ventures also participated in the round.

The Series C follows a strong 2018 that saw the Chicago-based e-learning company increase revenue, grow headcount and bring on new partners.

..

BenchPrep will use its Series C for hiring and product development. The company has a headcount of around 50 people, and Rangnekar said he expects that figure to double by year’s end. Sales and marketing hires are expected to make up about 50 percent of new hires, but BenchPrep will also grow its customer success, engineering and product teams.
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  #2554  
Old Posted Jan 18, 2019, 10:58 PM
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Update on CME Group, which is doing well:

https://www.chicagobusiness.com/fina...igns-cme-rises
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  #2555  
Old Posted Jan 18, 2019, 11:45 PM
marothisu marothisu is offline
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These guys used to hound me on LinkedIn constantly, but I have a few friends who work or have worked for them. Good company who pays pretty well (from what I know). Adding 300 workers in the next 3 years is not bad at all.


Business Growth Drives Slalom Chicago's Move to Aon Center

https://www.prnewswire.com/news-rele...300778035.html

Quote:
Slalom, a $1.4 billion, modern consulting firm focused on strategy, technology, and business transformation, today announced the relocation of its Chicago office from Prudential Plaza to the Aon Center. Effective today, Slalom's Chicago consulting business and build center, Slalom Build, now occupy 65,000 square feet on two floors at the Aon Center, more than doubling Slalom's previous office space in Chicago.

"Our Chicago office has grown steadily since we opened 14 years ago, said Justin Odenbach, General Manager, Slalom Chicago. "With more than 700 employees now – and plans to grow beyond 1,000 in the next three years – we simply outgrew our previous space. Because we have a local business model, our people live and work in the Chicago area, so staying in the city was key. We were thrilled to find a space that met our criteria for location, growth, flexible use, and culture fit right here in the neighborhood we know and love."

---

Serial Founder Godard Abel Leads $10M Round in Retail Tech Company ThreeKit


https://www.americaninno.com/chicago...pany-threekit/

Quote:
Godard Abel, one of Chicago’s top tech entrepreneurs, is backing a startup that helps brands create online 3D product configurations. And he’s staffing it with a host of executives from his previous businesses as the retail tech startup continues to grow.

Abel announced Thursday that he’s leading a $10 million strategic seed investment in ThreeKit, a tech startup that lets brands improve upon the static images on their site by building completely interactive 3D experiences, letting customers better interact with products online. With ThreeKit, brands can integrate augmented reality, 3D product tours, and more directly on their platforms.

The startup was founded five years ago by Ben Houston, a techie who spent 15 years in Hollywood working on special effects for movies like Harry Potter and Avatar. After creating 3D visualization technology for the entertainment industry, Houston realized he could bring similar technology to retail brands’ websites.

...

ThreeKit opened a Chicago office last year, which serves as the company’s official headquarters. The startup has doubled headcount in the last six months, growing to 40 employees. It expects to double its headcount again in the next 6-12 months, according to Joachim Klein, a former Steelbrick executive who now serves as ThreeKit’s COO and president.
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  #2556  
Old Posted Jan 19, 2019, 9:35 PM
the urban politician the urban politician is offline
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Article from last month

Why Chicago is fast becoming the crypto trading capital of the world

https://www.cryptoglobe.com/latest/2...-of-the-world/
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  #2557  
Old Posted Jan 22, 2019, 5:39 AM
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SIGSEGV SIGSEGV is offline
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This blog post has some maps of population loss/gains by race:
https://www.liberallandscape.org/201...010-2013-2017/
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  #2558  
Old Posted Jan 22, 2019, 5:41 AM
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SIGSEGV SIGSEGV is offline
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Quote:
Originally Posted by the urban politician View Post
Why Chicago is fast becoming the crypto trading capital of the world

https://www.cryptoglobe.com/latest/2...-of-the-world/
Hopefully they're able to fleece some techbros before people realize crypto has little intrinsic value.
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  #2559  
Old Posted Jan 24, 2019, 3:41 AM
marothisu marothisu is offline
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Originally Posted by SIGSEGV View Post
Hopefully they're able to fleece some techbros before people realize crypto has little intrinsic value.
Tech bros make simple apps and try and sell them. I'd say a lot more people who are creating stuff for cryptocurrencies are not tech bros.
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  #2560  
Old Posted Jan 24, 2019, 5:55 AM
emathias emathias is offline
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Quote:
Originally Posted by SIGSEGV View Post
Hopefully they're able to fleece some techbros before people realize crypto has little intrinsic value.
Are there any currencies left that do have intrinsic value?
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