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Working Lunch Tuesday, June 24, 2025 | | |
| | | | | It's lunchtime, Chicago. The developer of Bell Works Chicagoland, the former AT&T campus in Hoffman Estates, broke ground Monday on the project’s next phase. The New Jersey-based Inspired by Somerset Development plans to remake the vacant west side of the 1.6-million-square-foot building, creating new offices and a “Main Street” lined with storefronts, retail, restaurants and public gathering spaces. Also
on the real estate front, Illinois has a shortage of about 142,000 housing units and must build 227,000 in the next five years to keep pace with demand, a number that would require recent annual production rates to double, according to a new economic study. Read that story and more in today's Working Lunch. Top business stories | Real estate | Transportation | | | | The company aims to transform the campus from a sterile corporate environment into a “Metroburb,” a community hub for tenants and residents of the northwest suburb. | | | | | A study found that although housing markets in Chicago and Illinois remain more affordable than many coastal cities, Illinois still faces a severe housing shortage that is escalating affordability challenges. | | | | | Anosh Ahmed, indicted former executive at Loretto Hospital, is running a PR blitz to rebuild his image from Dubai, where he apparently fled to avoid massive Chicago embezzlement case. | | | | | Here’s a rundown about the teams’ various plans — and various levels of readiness to pack it up. | | | | | Top executives had at least one “extremely early stage” conversation, perhaps as prelude to a formal bid by BNY to acquire Northern Trust, a source familiar with the matter said. | | | | | The company joins a lengthy and growing list of employers including SpaceX, Amazon, Trader Joe’s, the University of Southern California, dating app Grindr and Oak Brook-based hot dog empire Portillo’s that have made similar arguments. | | | |
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