Author Archives: Michael Cornicelli

About Michael Cornicelli

Executive vice president of BOMA/Chicago, the voice of Chicago's office building industry since 1902.

BOMA/Chicago’s Chief Curmudgeon Enlightened by our Hometown Heroes, the Chicago Cubs

My job as chief staff officer for BOMA/Chicago often involves criticizing and opposing proposed actions that we view as damaging to our members, the commercial real estate industry, and our great city. Sometimes I’m a naysayer and sometimes I go … Continue reading

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Setting the Record Straight on Rumored Property Tax Increases

No one should be surprised about the current fiscal crisis Chicago is facing, but the abundance of recent news articles claiming our taxes are about to explode can be unnerving. And while the increases seem to be coming at us … Continue reading

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Rauner’s Proposed Property Tax Freeze: The Devil’s in the Details

In last week’s State of the State address, Governor Bruce Rauner offered up a bold agenda to turn the state around while focusing on efforts to make Illinois competitive again. Some of his key points included increasing education funding, raising … Continue reading

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Why Expand the State Street SSA and Increase Taxes to Pay for It?

By Michael Cornicelli, BOMA/Chicago Executive Vice President The Chicago Loop Alliance thinks they know better than you how to operate a commercial office building, fill vacant space and increase asset value. And they want the City of Chicago to let … Continue reading

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Chicago’s Proposed Energy Benchmarking Ordinance: Our Support for Energy Intel, But Opposition to Public Disclosure

By Michael Cornicelli On June 26, 2013, Mayor Emanuel unveiled an energy benchmarking ordinance that, if passed by the City Council, would require municipal, commercial and residential properties over 50,000 square feet to track and publicly report their energy usage. … Continue reading

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A Panoramic Mid-Year Market Review: June 11, 2013

By Michael Cornicelli BOMA/Chicago takes pride in being a leader in commercial real estate information and resources. Members are the lifeblood of this association and we are here to serve your needs in an ever-evolving industry.  We understand how tough … Continue reading

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NATO Summit: Five Takeaways for BOMA/Chicago

By Michael Cornicelli, Executive Vice President The NATO Summit held in Chicago last month was one of those rare events that had a major impact on many of us, apart from the important work being done by the NATO delegates … Continue reading

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