Taxation at the Tipping Point: The Precarious Future of Malls and Shopping Centers

With municipalities seeking to make up the pandemic-driven shortfalls in sales tax, unless malls and shopping centers vigilantly guard the accuracy of their property tax assessments, they will likely suffer crippling economic damage at the hands of the local assessor.

Tax Increment Financing (TIF) in Chicago

When Chicago Mayor Lori Lightfoot took office, she created a very strategic plan to improve the city’s Tax Increment Financing (TIF) tool. Her overall goal was to take a process that had been used incorrectly for city improvements and ensure that it was being used for community improvement

Are Data Centers Special Purpose Properties?

Data centers are now an important part of Illinois’ commercial property environment. The tax incentive legislation passed in 2019 is expected to accelerate the growth of data centers in Illinois and the greater Chicago metropolitan area.

Urban Civil Unrest Causes Economic Strain and Uncertainty

Over the past six months, the United States has experienced a vast array of tragedies leaving many property and business owners’ lives in disarray.

Airbnb and the Short-Term Stay Industry vs Hotels

The hotel industry was struggling to compete with Airbnb and other short-term stay competitors long before the pandemic hit the United States in the early months of 2020. Airbnb, and similar home-share companies, put pressure on the hotel market, and there have been struggles between them ever since.

Industrial Property and Going Green

As technology improves and consumers look for more environmentally-aware companies, industrial property owners can take numerous steps to help reduce their contribution to the pollution statistic.

The Impact of E-Commerce and Omnichannel Commerce on Industrial Real Estate

E-commerce has shifted the real estate market as companies look for bigger warehouses to ease product distribution.


Property Tax Assessment and Valuation in the Post-COVID-19 Era

Siegel & Callahan is featured in the recent National Real Estate Investor 2020 Midyear Outlook.

Changes in Cook County Valuation Practice for Vacant Property

The Cook County Assessor’s Office (CCAO) recently clarified its policy on granting assessment reductions due to vacancy.

economic impact

Nashville — America's "It" City in Crisis

With no municipal reserve of funds, and revenue from sales tax all but extinguished by the recent pandemic, Nashville’s mayor, John Cooper has recently resorted to a property tax increase.

economic impact

Equity Effects of COVID-19 on Different Sectors of Real Estate

The effects of COVID-19 on the value of properties vary across the real estate spectrum.


The 2008 Recession Compared with the COVID-19 Shutdown

While both the Great Recession and the COVID-19 shutdown both resulted in the market pausing, the key differences from 2008 will not repeat going into 2020.

Economic Impact

The Future of Industrial Property in Chicago

There are many changes on the horizon for industrial property, making the future of industrial real estate in Chicago, and many other large cities in the United States, uncertain.


Houston: Budget Concerns in the COVID-19 Era

The current state of emergency triggered by the COVID-19 pandemic has affected business and property owners in various ways. Government officials on all levels are pondering the next steps to help residences in their respective localities.

Interviews COVID-19

Kaegi, Meyer, and Brown discuss COVID-19 assessment adjustments

An interview with Cook County Assessor Fritz Kaegi and Deputy Chief Evaluation Officer Donald J. Meyer discussing the COVID-19 assessment adjustment with Jerry Brown from Siegel & Callahan.

economic impact COVID-19

Issues raised by assessor Kaegi’s proposed COVID-19 adjustments

Cook County Assessor Fritz Kaegi has announced that he plans to apply adjustments to all Cook County parcels to reflect the impact of COVID-19 and the shutdown of much of the area’s economic activity.

economic impact COVID-19

Unprecedented Challenges to Nashville’s Economy

In response to a recent tornado and the COVID-19 pandemic, the mayor of Nashville and the Metro council are considering relief measures to offset the financial shortfall expected to hit the city in upcoming months.

case study

Case Study: Morkes Chocolates

Imagine growing up in a chocolate dynasty. The stuff of every kid’s dreams. Rhonda Dehn is the third-generation owner of Morkes Chocolates in Palatine and Huntley, Illinois.

Why you don't want a tax refund

When a refund is issued, everyone has lost something — and a refund check is evidence that you’ve overpaid in the first place.