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| April 2008 :: Volume 42 |
Chicago by the Numbers![]() Read More |
Ventas Names Chicago As Headquarters Ventas, Inc. (NYSE:VTR) recently announced their headquarters will be relocated to Chicago, Illinois. The change from Louisville, Kentucky to Chicago will take effect at the May 19, 2008 annual meeting of shareholders. Read More |
| April CEO Spotlight: Vikram Sharma World Business Chicago continues to interview the city's business leaders on why they chose Chicago and what they love about the city. This month the CEO Spotlight is on Vikram Sharma, CEO of ShopLocal. Read More |
CTA Travel Information Available on Google Chicago Transit Authority riders can now plan their trips using the Google Transitâ„¢ Web site. A new partnership between CTA and Google allows users to find mapping and directions for CTA bus and rail services in 11 languages on the Google Transit Web site or through a link from CTA's site. Read More |
| Ventas Names Chicago As Headquarters Ventas, Inc. (NYSE:VTR) recently announced their headquarters will be relocated to Chicago, Illinois. The change from Louisville, Kentucky to Chicago will take effect at the May 19, 2008 annual meeting of shareholders. "As a $10 billion NYSE-listed real estate investment trust with assets in two countries and 43 states, we believe that identifying Chicago as our headquarters will provide the Company with increased visibility and access to the city's robust real estate community, including other REITs, private real estate companies and real estate investors important to our success," Ventas Chairman, President and Chief Executive Officer Debra A. Cafaro said. "We look forward to becoming active members of the Chicago business community." Ventas said its Louisville office will continue to be the Company's largest location. Three of the Company's five members of its Management Committee, and over 60 percent of its employees, will remain based in Louisville. Also, Ventas recently agreed to expand its Louisville office space by about 50 percent to provide capacity for its growing workforce. The Company's Chicago employees will continue to be based in its offices in Chicago's central business district. "We're delighted that Ventas selected Chicago for its corporate headquarters and welcome the Company to our vibrant and highly-engaged business community," said Rita Athas, Executive Director of World Business Chicago. "Companies that have moved their headquarters here cite numerous business advantages to locating in Chicago, including our strong pro-business environment, talented workforce and convenient access to North American and global markets. A company as strong as Ventas with a demonstrated track record of success is an excellent addition to our corporate community." Ventas, Inc. is a leading healthcare real estate investment trust. Its diverse portfolio of properties located in 43 states and two Canadian provinces includes senior housing communities, skilled nursing facilities, hospitals and medical office and other properties. More information about Ventas can be found on its website at http://www.ventasreit.com/. PAGE UP |
CTA Travel Information Available on Google
Chicago Transit Authority riders can now plan their trips using the Google Transitâ„¢ Web site. A new partnership between CTA and Google allows users to find mapping and directions for CTA bus and rail services in 11 languages on the Google Transit Web site or through a link from CTA's site. -- Mayor's Press Office PAGE UP |
Chicago by the Numbers
Footnotes The new Chicago MSA (metropolitan statistical area) consists of a fourteen-county, tri-state region: Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will counties in Illinois; Jasper, Lake, Newton, and Porter counties in Indiana; and Kenosha County in Wisconsin. The Producer Price Index figures for February 2008, January 2008 and December 2007 are preliminary only. The office absorption and availability rate are 2007 fourth quarter numbers for the downtown Chicago market. Data is from CB Richard Ellis. Net Absorption is the change in available space in square feet. Availability rate is space that is currently vacant or in the process of being marketed. Consumer confidence, automobile and truck sales are U.S. numbers. The Chicago Midwest Manufacturing Index is a monthly estimate of manufacturing output in the 7th Federal Reserve district (Illinois, Indiana, Iowa, Michigan, and Wisconsin). It is a composite index of sixteen manufacturing industries that use electrical power and hours worked data to measure monthly changes in regional activity. The employment, housing, and net absorption numbers are listed in thousands. PAGE UP |
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