CHICAGO | Economic & Business Development

[marothisu]

Accenture set for big West Loop expansion

https://www.chicagobusiness.com/comm...loop-expansion

Downtown Chicago's booming tech scene is in for another big jump.

Accenture, the consulting firm, tomorrow is expected to announce a major expansion of its Chicago office. The firm is not commenting, but the event is significant enough that both Gov. J.B. Pritzker and Mayor Lori Lightfoot are scheduled to attend a mid-morning press conference unveiling the news.

Sources close to the matter say the company, which started as a spinoff of the old Arthur Andersen accounting firm, will be adding about 600 net new jobs, most of them in the tech area.

Accenture three years ago opened a 70,000-square-foot digital hub at 500 W. Madison, and sources say the firm will be consolidating all of its local workforce there.

[pullmanman]

Crain's Chicago Business Danny Ecker

Serving small businesses is quickly turning ActiveCampaign into a big one, and it's adding a chunk of new office space to accommodate its growth.

After doubling its total workforce since early last year to around 500 employees, the 16-year-old marketing software company is nearly doubling the size of its office at 1 N. Dearborn St. to about 115,000 square feet, CEO Jason VandeBoom said.

Ramping up its team with about 180 new hires last year, ActiveCampaign subleased about 15,000 square feet on the building's eighth floor from logistics software company FourKites to give its employees a little more room to work with. Now it is hoping another floor will help its capacity issue, though VandeBoom said it will be hard to keep pace with the company's growth.

"We are a quiet company that is scaling up under the radar in Chicago," he said. "We're an example of having hyper growth, but sustaining it from a customer base that's demanding it."

If smaller companies like this keep expanding in the Loop that should help make up for the slowly contracting amount of space leased by law firms, and the big additions of the Post Office and various other new builds.

[Tom In Chicago]

[MODERATOR NOTE] Moved all off-topic discussions to CHICAGO | General Discussions. . . fyi

. . .

[marothisu]

Glassdoor wants to hire hundreds of workers. It’s taking more space in Fulton Market to make room for them.

https://www.chicagotribune.com/busin...daq-story.html

Technology company Glassdoor is doubling its office space in the Fulton Market district, the first step toward adding hundreds of new employees.

The San Francisco Bay area company, which runs a recruiting and job review website, said it plans to hire 500 workers in Chicago over the next few years.

The company’s newest space will be in a 14-story office building under construction at 1375 W. Fulton Market, just west of its current space in the Fulton West office building. Glassdoor said it has leased two floors, or about 52,000 square feet, doubling its space.

It will move in next summer, said may need additional room before the 13-year lease expires, said Christian Sutherland-Wong, president and chief operating officer.

The lease comes less than four months after the Tribune reported that Glassdoor had leased more space in the building it already occupies at 1330 W. Fulton. But there is no more room to expand there.

The company employs about 300 people at its Chicago office, the company’s second-largest outside of its headquarters. With the new space, it will have capacity to employ up to 800.

When the company opened its Chicago office in 2016, it housed mostly sales, customer support and other employees. Now it’s focusing now on hiring software engineers, designers and product managers.

“There is talent here, compared to the Bay Area, where there is so much competition for tech talent,” he said. “Competition is building in Chicago, but it hasn’t built as much as it has in the Bay Area. Early movers like us have an advantage.”

[the urban politician]

^ You beat me to it

[chicubs111]

Great news...im must waiting for amazon to announce that there going to open a large operation center in Chicago...you know they have to put a sizeable presence in this city

[LouisVanDerWright]

You know an office market is really bad when Tramell Crow starts a large office building on the extreme Western edge of it and then leases it up to top tech firms...

Downtown Chicago is going to grow straight West. At some point Everything from Western in to downtown will be skyscrapers. It already is South of the Freeway in the IMD...

[bnk]

FYI Pleasant Prairie WI is in the Chicagoland MSA. SE Wisconsin is hot. And yes the are still building at Foxconn.




https://www.bizjournals.com/milwauke...cility-in.html


– Reporter, Milwaukee Business Journal

Jul 10, 2019, 4:00pm EDT


Nexus Pharmaceuticals Inc. will build its first drug manufacturing facility in Pleasant Prairie, investing up to $250 million over a 10-year period.

The company is buying 16 acres just west of Interstate 94, and plans to begin construction next month on a three-story, $85 million facility to produce its line of generic, injectable pharmaceuticals. That facility will create 77 jobs paying average salaries of $70,000 a year, according to a Wednesday announcement by Wisconsin Gov. Tony Evers.

“There is increasing patient demand for high quality and accessible generic injections,” said Nexus CEO Mariam Darsot.

“The addition of our Wisconsin facility will enable Nexus to produce a more stable and reliable supply of sterile injectables, a category that is particularly susceptible to drug shortages,” Darsot added.

The first phase of the Nexus plant will have about 100,000 square feet and is expected for completion in 2021. It would start operations in 2022 after gaining approvals from regulatory agencies. Jobs there would include high-tech production, engineering, quality control and supply chain management.

Established in 2003, Nexus specializes in making specialty and generic drugs. Its portfolio includes nine approved medications and six generic injectable drugs. Earlier this year, for example, it gained U.S. Food and Drug Administration approval for three new injectable drugs that control nausea, irritable bowels and aid in cell transplant operations. Based in Lincolnshire, Illinois, Nexus has been hiring third-party manufacturers to make its drugs.


“This is one of the most significant pharmaceutical investments in Wisconsin in years,” Evers said. “Southeast Wisconsin is increasingly becoming a destination of choice for high-value manufacturing jobs that require a skilled, educated workforce.”

...


Candy gummy bear maker Haribo of America Manufacturing LLC is the first company to commit to that business park, and is to break ground next year on its plant. Advocate Aurora Health Care plans a $130 million surgery center in the business park.

[the urban politician]

^ Good news for SE Wisconsin!

Can't blame them for building their plant across State lines, of course...

[the urban politician]

Advocate Aurora Health Care plans a $130 million surgery center

EVIL! EVIL! EVIL!

Stay away!!!

[IrishIllini]

Originally Posted by LouisVanDerWright

Downtown Chicago is going to grow straight West. At some point Everything from Western in to downtown will be skyscrapers. It already is South of the Freeway in the IMD...

Western may be a bit of a stretch, but could happen. Ogden to Clinton north of Randolph is certainly doable. I'd rather the SW corner of DT get some love before jumping Ogden, at least for office space.


Good news for SE Wisconsin and Nexus. One step closer to that Chicago-Milwaukee CSA we're all so excited to see

[Tom In Chicago]

From today's Crain's Chicago Business. . .

Sales training software company triples Loop office space
Fresh off a $70 million funding round, Showpad joins the list of tech companies expanding their downtown footprints.

A Belgian software company that's been bulking up its Chicago workforce is more than tripling the size of its office in the Loop, adding to a flood of tech companies hiring and leasing more space downtown.

Showpad, which sells software that more than 1,200 companies worldwide use to help train, coach and manage salespeople, said it has leased more than 68,000 square feet at 1 N. State St. to house its fast-growing local office. The deal for the entire 10th floor of the 16-story building is an expansion of more than 50,000 square feet from its current office on the 11th floor.

The new lease makes room for its recent headcount growth and will allow it to meet its goal of adding as many as 40 new hires by the time it moves in early next year, said Showpad President and Chief Operating Officer Jason Holmes. [MORE]

[Vlajos]

Originally Posted by Tom In Chicago

From today's Crain's Chicago Business. . .

Seems like there is announcement like this weekly now.

[bnk]

Abbvie keeps on gobbling up out of state drug companies.



https://www.chicagobusiness.com/heal...mmuno-oncology

July 15, 2019 12:31 PM |



AbbVie bets on immuno-oncology



Weeks after announcing plans to buy Allergan, the North Chicago drugmaker is strengthening its oncology pipeline with the purchase of Mavupharma.

AbbVie is bolstering its oncology pipeline with the acquisition of a Kirkland, Wash.-based cancer immunotherapy company.

Weeks after announcing plans to buy rival drugmaker Allergan for $63 billion, the North Chicago company said it acquired Mavupharma, a drug discovery company backed by Frazier Healthcare Partners and Alpine BioVentures.

Terms of the deal were not disclosed.


...

[Baronvonellis]

Originally Posted by bnk

FYI Pleasant Prairie WI is in the Chicagoland MSA. SE Wisconsin is hot. And yes the are still building at Foxconn.




https://www.bizjournals.com/milwauke...cility-in.html


– Reporter, Milwaukee Business Journal

Jul 10, 2019, 4:00pm EDT


Nexus Pharmaceuticals Inc. will build its first drug manufacturing facility in Pleasant Prairie, investing up to $250 million over a 10-year period.

The company is buying 16 acres just west of Interstate 94, and plans to begin construction next month on a three-story, $85 million facility to produce its line of generic, injectable pharmaceuticals. That facility will create 77 jobs paying average salaries of $70,000 a year, according to a Wednesday announcement by Wisconsin Gov. Tony Evers.

“There is increasing patient demand for high quality and accessible generic injections,” said Nexus CEO Mariam Darsot.

“The addition of our Wisconsin facility will enable Nexus to produce a more stable and reliable supply of sterile injectables, a category that is particularly susceptible to drug shortages,” Darsot added.

The first phase of the Nexus plant will have about 100,000 square feet and is expected for completion in 2021. It would start operations in 2022 after gaining approvals from regulatory agencies. Jobs there would include high-tech production, engineering, quality control and supply chain management.

Established in 2003, Nexus specializes in making specialty and generic drugs. Its portfolio includes nine approved medications and six generic injectable drugs. Earlier this year, for example, it gained U.S. Food and Drug Administration approval for three new injectable drugs that control nausea, irritable bowels and aid in cell transplant operations. Based in Lincolnshire, Illinois, Nexus has been hiring third-party manufacturers to make its drugs.


“This is one of the most significant pharmaceutical investments in Wisconsin in years,” Evers said. “Southeast Wisconsin is increasingly becoming a destination of choice for high-value manufacturing jobs that require a skilled, educated workforce.”

...


Candy gummy bear maker Haribo of America Manufacturing LLC is the first company to commit to that business park, and is to break ground next year on its plant. Advocate Aurora Health Care plans a $130 million surgery center in the business park.

That's a small fry boutique factory for a pharma company. When I was at Hospira in 2015 they built a new 1.1 million sq ft Generic injectable factory in India that employs 3000+ people and cost around a billion.

[IrishIllini]

https://www.chicagobusiness.com/comm...rket-expansion

[marothisu]

Originally Posted by IrishIllini

https://www.chicagobusiness.com/comm...rket-expansion

Awesome news. That should account for a few thousand more employees if they see it through...

[the urban politician]

Holy smokes, folks

[marothisu]

In case someone can't read it..

Google eyeing massive Fulton Market expansion

https://www.chicagobusiness.com/comm...rket-expansion

Less than a year after announcing plans to expand its footprint in the Fulton Market District with a big new office, Google is once again searching for another huge swath of space that could make it one of the largest office users downtown.

Officials for the Mountain View, Calif.-based tech giant have been in the market in recent months talking to developers about an expansion that would roughly double its size in the trendy corridor to around 1 million square feet, according to sources familiar with the company's plans.

Sources said the company has been eyeing a series of proposed developments including 18-story and 11-story office buildings planned by developer Sterling Bay at 1000 W. Carroll Ave. and 345 N. Morgan St.—both across the street from Google's Midwest headquarters—and a 13-story office building that New York-based developer Tishman Speyer and Chicago developer Mark Goodman are planning at 320 N. Sangamon St., a block east of Google's main Chicago office. Another project it has targeted in the neighborhood that is large enough to be in play is a 750,000 square-foot office building from Shapack Partners and Focus Development under construction at 167 N. Green St., sources said.

..

The company has been in Chicago since 2000, but its growth has picked up in the past few years. Headcount has nearly doubled to more than 1,000 since it moved from River North to Fulton Market four years ago. What once was mostly a sales operation now is more than one-third engineers.

[chicubs111]

^ awesome news!...seems like everyday we are hearing about an tech expansion happening in the city!... now im just waiting for Amazon to claim there piece downtown.