Cook County’s Tax Assessment Controversy and Real Estate Tech Revolution

Explore the systemic undervaluation of commercial properties in Cook County and its impact on tax fairness. Discover how CoStar Group's partnership with eXp Commercial is transforming real estate with cutting-edge technology. Plus, delve into the trend of converting suburban offices into warehouses in South Florida, and the off-market sale of Chelmsford Mall, a retail staple in New England. This episode offers insights into the evolving landscape of commercial real estate and the technological advancements shaping the industry.

Sources:
https://www.chicagotribune.com/2024/12/12/commercial-properties-undervalued-cook-county/
https://www.businesswire.com/news/home/20241212719140/en/CoStar-Group-Partners-with-eXp-Commercial-to-Provide-Expanded-Technology-Suite
https://www.bizjournals.com/southflorida/news/2024/12/12/miami-prologis-verizon-office-warehouse.html
https://bostonrealestatetimes.com/chelmsford-mall-sold-in-off-market-deal-for-28-million/

Outline:
(00:00:00) Introduction
(00:00:40) Commercial properties under-assessed in Cook County, report finds
(00:03:49) CoStar Group Partners with eXp Commercial to Provide Expanded Technology Suite
(00:07:14) Verizon office could be redeveloped with warehouse
(00:10:10) Chelmsford Mall Sold in Off Market Deal for $28 Million - Boston Real Estate Times