In The News
Kevin Hynes on the 2020 Orland Township reassessment
January 2021 - Kevin Hynes discussed the 2020 reassessment of Orland Township during the Orland Park Area Chamber of Commerce’s annual legislative update. Kevin provided a general summary of the reassessment and a detailed look at:
- the shifting of the tax burden onto Orland Park businesses and its impact on businesses
- the gross increase in commercial values
- the pandemic’s impact on the reassessment
- the arbitrary reduction of residential values during the pandemic
Attorney Jabari A. Jackson Joins O’Keefe Lyons & Hynes
January 2021 -
Attorney Jabari A. Jackson joined the firm and will focus his practice on commercial property tax appeals. He has more than 20 years of experience in the legal and financial areas and previously worked as an analyst with the Cook County Board of Review. In that role, he analyzed property tax appeals for commercial and industrial properties throughout Cook County. He also represented the Board of Review at commercial hearings at the Illinois Property Tax Appeals Board.
From 2013 to 2014, he served as the Deputy Director, Bureau of Vital Records, at the Cook County Clerk’s Office. He also worked for two years as legal counsel at the Cook County Assessor’s office.
Jackson earned his J.D. with honors from Northwestern University School of Law in 1998. He also earned a Master of Laws (LLM) in real estate from The John Marshall Law School, where he was a member of Lambda Alpha International. For more background and to contact Jabari, click here.
Elizabeth Gracie Moderates Panel at 2021 Forecast Event
Jan. 7, 2021 -
Elizabeth Gracie participated in the annual commercial real estate Forecast event produced (and held remotely) by
In what has become an annual tradition, Liz moderated a discussion on the downtown and suburban office markets. Also featured on her panel were Roger Heerema, Wright Heerema Architects; Mickey Stefan, Glenstar; and Elbert Walters III, Powering Chicago. The discussion included the impact of COVID on the marketplace; what tenants are expecting of buildings now and post COVID; and how owners and developers are stepping up to meet those needs.
Click here for a video of the panel discussion.
Industrial Construction Sets Record in Chicago
Jan. 5, 2021 -
Industrial development continues to set records in the Chicago market, which has nearly 30 million square feet of new space under construction in Q4 2020, according to
The story cites a Colliers International market report in noting that most of the projects were build-to-suits and about one-third are being built on speculation. The pandemic has fueled sizable growth in industrial activity, as consumers turn to e-commerce to avoid in-person shopping.