News & Analysis as of

Real Estate Development Illinois

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor May 5, 2025

Cozen O'Connor on

Revenue warning signs flash as Springfield preps for budget talks - “Already there are signs that Gov. JB Pritzker’s budget plan announced in February, which projected $55.4 billion in revenue, was optimistic. The...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (3/10)

Cozen O'Connor on

Gov. JB Pritzker’s $300M proposal seeks to attract developers to abandoned sites that now draw only vandals- “The Pritzker administration said the program would create jobs and support community revitalization, and the...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/24)

Cozen O'Connor on

Pritzker proposes $500M to turn state properties into development-ready sites - “A $500 million proposal by Gov. JB Pritzker to turn state-owned properties into shovel-ready real estate projects is part of a proposed $55.2...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/12)

Cozen O'Connor on

Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit - “Illinois should extend its sales tax to services like haircuts, dry cleaning and plumbing, the nonpartisan Civic...more

Katten Muchin Rosenman LLP

Chicago City Council Authorizes Housing Department Loan Restructurings

On September 19, the Chicago City Council amended the city's municipal code to give the housing commissioner new wide-ranging authority to restructure affordable housing loans and grants. The commissioner is now empowered to:...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

K&L Gates LLP on

Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

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