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  #761  
Old Posted Nov 20, 2017, 1:44 PM
k1052 k1052 is offline
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I have reason to be over near the city's fleet services site on a fairly regular basis and have noticed groups of people toting printed materials, a couple times, being guided around by what appeared to be a city official. This was few weeks ago. They were most definitely not brokers or investors. Looked more like planners and architects.
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  #762  
Old Posted Nov 20, 2017, 3:36 PM
IrishIllini IrishIllini is offline
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Originally Posted by k1052 View Post
I have reason to be over near the city's fleet services site on a fairly regular basis and have noticed groups of people toting printed materials, a couple times, being guided around by what appeared to be a city official. This was few weeks ago. They were most definitely not brokers or investors. Looked more like planners and architects.
That'd make sense.

I'd love for Amazon to kick the redevelopment of the north branch industrial corridor, but I think the area has a ways to go before a company like Amazon comes in with 50,000+ jobs. Hope I'm wrong!
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  #763  
Old Posted Nov 20, 2017, 5:26 PM
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Originally Posted by Stockerzzz View Post
Amazon reps visited the Finkl Steel site per the Sun Times.
Curbed picked up the story too.



https://chicago.curbed.com/2017/11/2...ds-finkl-steel



Amazon reps reportedly spotted touring Chicago’s former Finkl Steel site


The North Branch property is a central part of developer Sterling Bay’s bid to lure Amazon’s coveted HQ2 to Chicago

by Jay Koziarz Nov 20, 2017, 10:17am CST

...
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  #764  
Old Posted Nov 20, 2017, 5:46 PM
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ithakas ithakas is offline
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Originally Posted by bnk View Post
Curbed picked up the story too.



https://chicago.curbed.com/2017/11/2...ds-finkl-steel



Amazon reps reportedly spotted touring Chicago’s former Finkl Steel site


The North Branch property is a central part of developer Sterling Bay’s bid to lure Amazon’s coveted HQ2 to Chicago

by Jay Koziarz Nov 20, 2017, 10:17am CST

...
I'd assume that they also went to see the Post Office, but that the openness of this site made the activity more visible?
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  #765  
Old Posted Nov 21, 2017, 4:23 AM
marothisu marothisu is offline
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Good news regarding Amazon. I think this only so far legitimizes Chicago as a real contender. I'm sure we'll see similar news stories in other cities whether it be Atlanta, Dallas, DC, etc. However, it's been a month since the proposals were due. They definitely have a full team working on this and I wouldn't be surprised if they already denied a whole slew of them (for example, a lot of them which didn't fit the 1+ million MSA requirement). Obviously it doesn't mean anything one way or another as far as final decision goes, but I think this legitimizes the proposal.
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  #766  
Old Posted Nov 22, 2017, 1:53 AM
emathias emathias is offline
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Good news regarding Amazon. I think this only so far legitimizes Chicago as a real contender. I'm sure we'll see similar news stories in other cities whether it be Atlanta, Dallas, DC, etc. However, it's been a month since the proposals were due. They definitely have a full team working on this and I wouldn't be surprised if they already denied a whole slew of them (for example, a lot of them which didn't fit the 1+ million MSA requirement). Obviously it doesn't mean anything one way or another as far as final decision goes, but I think this legitimizes the proposal.
I'm not sure anyone with any gravitas, even the biggest doubters, would have claimed Chicago's bid was less than legitimate. Nonetheless, it's a good thing to see - certainly better than hearing nothing.
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  #767  
Old Posted Dec 5, 2017, 2:14 AM
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I'm not liking this mega merger.
The courts stopped Advocate from taking over the north shore hospital systems, I hope the courts can stop this one too..

Aurora is the second largest employer in the state of Wisconsin just below the U of Wisconsin University system. Aurora is huge like 70 K employees


This merger mania has to stop IMO.


https://www.chicagobusiness.com/arti...es-state-lines




December 04, 2017

Advocate looks across state line for proposed mega-merger



On the heels of a breakup this year, Advocate Health Care is ready to approach the altar again, this time across state lines.
The Downers Grove-based system, the largest hospital network in Illinois, has announced plans to merge with Milwaukee-based Aurora Health Care. Their union, Advocate Aurora Health, would create the 10th-largest nonprofit health system in the nation based on revenue, with 27 hospitals and nearly $11 billion in annual revenue. The system would span more than 300 miles, stretching from downstate Normal to Green Bay in northern Wisconsin.
"We do believe in the value of scale," Advocate President and CEO Jim Skogsbergh said in an interview. "If we're going to grow, we obviously needed to look a bit further than the North Shore. But coming together and creating this opportunity to accelerate, to create a little bit more stable, secure future is really the catalyst for this decision."
Skogsbergh was referring to Advocate's thwarted attempt to merge with Evanston-based NorthShore University HealthSystem, creating what would have been the 11th-largest nonprofit hospital network in the U.S. The systems called off plans in March after a federal judge sided with the Federal Trade Commission over antitrust concerns.

Skogsbergh sounded confident that his proposed union with Aurora won't trigger the ire of the FTC.

...

.
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  #768  
Old Posted Dec 5, 2017, 3:15 PM
LouisVanDerWright LouisVanDerWright is offline
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Aurora Health is the "teal menace", a terrible terrible health provider that basically uses the Wal Mart model to inundate communities with health services thus driving local providers out of business. They will intentionally build hospitals that are redundant and operate at a loss simply to crush smaller locally owned providers.

Advocate is similarly awful, this is a match made in hell.
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  #769  
Old Posted Dec 5, 2017, 3:54 PM
the urban politician the urban politician is offline
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Originally Posted by LouisVanDerWright View Post
Aurora Health is the "teal menace", a terrible terrible health provider that basically uses the Wal Mart model to inundate communities with health services thus driving local providers out of business. They will intentionally build hospitals that are redundant and operate at a loss simply to crush smaller locally owned providers.

Advocate is similarly awful, this is a match made in hell.
Dude, that's not unique to them. This is going on everywhere.

But unlike with Walmart and Amazon, where the consumer at least benefited from lower prices, we get nothing from giant corporate health.

We don't pay less
Our insurance premiums don't go down
The cost of pretty much every health service goes up
We have fewer choices
And the quality of care does not improve. In fact, one can easily make the case that it declines, with less personalized care and attention to detail.
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  #770  
Old Posted Dec 6, 2017, 2:10 AM
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Healthcare is a flaming dumpster fire in this country. The free market is typically the best way to get lower prices to consumers due to competition, but there really isn't a lot of competition when you are in an induced coma being rushed by an ambulance to the ER. Not a lot of comparison shopping going on there.

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  #771  
Old Posted Dec 6, 2017, 3:27 AM
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While not a business story, it is very good for the city to be taking a lead.

Dozens of world mayors sign Chicago Climate Charter

Quote:
Dozens of mayors from around the world signed a "Chicago Climate Charter" on Tuesday at a summit designed to address concerns following President Donald Trump's rejection of the Paris climate accord.

...

Mayors from 51 cities around the world attended the event.
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  #772  
Old Posted Dec 6, 2017, 5:03 AM
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City loses out on Mars Wrigley U.S. candy headquarters; 200 Chicago jobs likely headed to N.J.

Quote:
Mars Wrigley Confectionery will base its new U.S. headquarters at two sites in New Jersey, and not Chicago, the company announced Tuesday.

...

Mars Wrigley had considered a 92,300-square-foot office in Chicago for its U.S. headquarters, according to a New Jersey Economic Development Authority board document from last month summarizing the project. If it had chosen Chicago, the company would have moved 370 jobs from New Jersey to Chicago, according to the document.

Instead, the company plans to move 113 Chicago jobs to the new office in Newark and another 92 Chicago jobs to Hackettstown, where the company is planning upgrades to existing facilities, according to the plan outlined in the board document. A spokeswoman for Mars Wrigley Confectionery didn’t respond to a request for confirmation on those numbers Tuesday.
Source: http://www.chicagotribune.com/busine...205-story.html
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  #773  
Old Posted Dec 6, 2017, 3:38 PM
IrishIllini IrishIllini is offline
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Originally Posted by left of center View Post
City loses out on Mars Wrigley U.S. candy headquarters; 200 Chicago jobs likely headed to N.J.



Source: http://www.chicagotribune.com/busine...205-story.html
I had to look up where Hackettstown is. It's quite a ways west of NYC. 2 hour train ride and an hour and a half by car. It's almost in PA

The Newark office makes a bit more sense, but the friend I have who commutes from Brooklyn to Newark spends over an hour doing so...each way.

I wonder what the reasoning was. I know NJ offered a lot of money, but do we think it actually as straight forward as that?
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  #774  
Old Posted Dec 6, 2017, 4:54 PM
Vlajos Vlajos is offline
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Originally Posted by IrishIllini View Post
I had to look up where Hackettstown is. It's quite a ways west of NYC. 2 hour train ride and an hour and a half by car. It's almost in PA

The Newark office makes a bit more sense, but the friend I have who commutes from Brooklyn to Newark spends over an hour doing so...each way.

I wonder what the reasoning was. I know NJ offered a lot of money, but do we think it actually as straight forward as that?
Probably. And Mars has a very large NJ presence already.
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  #775  
Old Posted Dec 7, 2017, 3:52 AM
marothisu marothisu is offline
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Originally Posted by IrishIllini View Post
I had to look up where Hackettstown is. It's quite a ways west of NYC. 2 hour train ride and an hour and a half by car. It's almost in PA

The Newark office makes a bit more sense, but the friend I have who commutes from Brooklyn to Newark spends over an hour doing so...each way.

I wonder what the reasoning was. I know NJ offered a lot of money, but do we think it actually as straight forward as that?
I work with a few people who commute from Princeton, NJ which is about equidistant to NYC as Hackettstown is. It takes them about 1 hour 45 minutes total each way. Another one of my coworkers lives even further distance out on Long Island. They deal with it, but I don't know anyone who lives in the city and commutes to NJ to cities not named Jersey City, Union City, Hoboken, Newark, or Princeton.
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  #776  
Old Posted Dec 7, 2017, 7:27 PM
the urban politician the urban politician is offline
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A HQ gain for Chicago

So a merger is creating that nation's largest non for profit hospital system, and it will be headquartered in Chicago. Even more interesting because the 2 merging entities are not based here, but in San Francisco and Colorado.

So this is a pretty big HQ gain for Chicago. And even though I've been (and remain) heavily critical of healthcare consolidation, when taking the viewpoint of desiring to see Chicago succeed as a corporate center, it's great news.

http://www.chicagobusiness.com/artic...tives-to-merge
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  #777  
Old Posted Dec 7, 2017, 8:36 PM
bnk bnk is offline
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Question

That's actually huge news. We get a HQ from Two states at a time.

This is a giantic health care system. There are going to be real jobs in this one. That's a lot of administers TUP.


San Francisco-based Dignity, which has 39 hospitals

Englewood, Colo.-based CHI, which has 100 hospitals

Interesting most of the hospitals are in California and very little presence in the Midwest. Not one in Illinois I think. I have to believe this could be around 800 jobs at least and around 250,000- 300,000 sq feet of class A office space most likely in one building. About a fifth or a quarter of 110 N Wacker as an example. Not saying they are going there but they have lots of options and since the move is not till 2018 they can wait for a new tower if needed.

How much HQ space needed could be similar to is Kaiser Permanente which would be similar in size.

https://en.wikipedia.org/wiki/Ordway_Building

The Ordway Building (also known as One Kaiser Plaza) is a skyscraper located in downtown Oakland, California. The building lies close to Oakland's Lake Merritt and the tower contains 28 stories of office space. There are eight corner offices per floor, since the skyscraper has a H-shaped floor plan. Standing 123 m (404 ft), the tower is the tallest skyscraper in the city and the entire Bay Area outside of San Francisco.

The Ordway Building's main tenant is Kaiser Permanente, which has used the building as its national headquarters since completion in 1970. As of 2009, Kaiser was leasing space on 21 floors



https://en.wikipedia.org/wiki/Dignity_Health

https://en.wikipedia.org/wiki/Cathol...th_Initiatives



Over CHI 500 employees work at

http://www.catholichealthinitiatives...20Purchase.pdf


Company Overview of 160,851 Square Foot Office Building at 198 Inverness Drive
160,851 Square Foot Office Building at 198 Inverness Drive comprises an eight-story Class A office building spread over an area of 160,851 square foot. The building is located in Englewood, Colorado.














The angst and anger is being expressed in the home towns of the new ex HQ's



http://www.denverpost.com/2017/12/07...rger-colorado/

Colorado losing a major headquarters as Catholic Health Initiatives merges with Dignity
Headquarters of new entity will be in Chicago.


...


WaWaWeWa
5 hours ago

If you look at a map of the combined system, Denver is in the center of all of their operations, from California west to Louisiana east. They don't have a single hospital in Illinois or east of there. Plus DIA has flights to all their major markets. Guess the co-CEO's just want to live in Chicago.

Last edited by bnk; Dec 8, 2017 at 3:37 AM.
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  #778  
Old Posted Dec 7, 2017, 9:35 PM
the urban politician the urban politician is offline
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Quote:
Originally Posted by bnk View Post
. That's a lot of administers TUP.
You better believe that's a lot of administrators. Chicago is an "administrative" kind of town, I guess. They will earn good incomes. I'm fine with that, but keep them the hell away from me!
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  #779  
Old Posted Dec 8, 2017, 1:57 AM
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Wow great news! That new HQ should eat quite a bit of available square footage. Hopefully that means developers will feel more confident getting some new office proposals off the ground *cough* 130 N Franklin *cough*
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  #780  
Old Posted Dec 8, 2017, 2:16 PM
Vlajos Vlajos is offline
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That HQ move sounds promising. But it's totally unclear how many jobs might move here. Also, it sounds like the merged company will have "co-CEOs" which is a terrible idea.
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