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Home > Regional Digests > Midwest > Page 1043
July 1, 2002 Office building sells for $32MlnThe Business Journal (Minneapolis/St.Paul)BLOOMINGTON, Minn. – CB Richard Ellis Investors has sold the 10-story International Plaza to Metropolitan Life Insurance Co. for $32.2 million, significantly less than the $38 million asking price it...
June 28, 2002 Jacobson's defaults, puts itself up for saleDetroit Free-PressDETROIT – Jacobson's Stores Inc. has defaulted on a $130 million loan that was supposed to get it through bankruptcy. As a result, the Jackson, Mich.-based department store chain said...
June 27, 2002 Industry news: Davis to make tidy profit on sale of Chicago trophyChicago Sun-Times, June 26CHICAGO – Oil and real estate tycoon Marvin Davis is likely to make a $10.5 million profit from his decision to sell 181...
June 25, 2002 Law firm Katten may anchor new West Loop towerChicago TribuneCHICAGO – The law firm of Katten Muchin Zavis Rosenman is in talks to anchor 550 W. Adams St., a 19-story office building that developer Steven Fifield is...
June 21, 2002 LR Development plans high-rise on church land in ChicagoChicago TribuneCHICAGO – LR Development Co. has contracted to buy church property adjacent to the historic St. James Cathedral near Michigan Avenue with plans to build a mixed-use high-rise....
June 20, 2002 New Federal Reserve building in Detroit to get under wayDetroit Free PressDETROIT – Today, Federal Reserve Bank Board Chairman Alan Greenspan and Detroit Mayor Kwame Kilpatrick are scheduled to formally announce the construction of a new Federal...
June 19, 2002 Kmart sells 57 of 278 leasesDetroit Free PressCHICAGO - Kmart Corp. unloaded only 57 of 278 store leases at an auction in Chicago that was designed to help the retailer raise cash and shed unwanted real estate...
June 18, 2002 Industry news: Suburban Chicago complex fetches $110MlnChicago TribuneOAKBROOK TERRACE, Ill. – Lincoln Property Co. has sold two Oakbrook Terrace office buildings it recently developed and leased to Commonwealth Edison in a deal valued around $101 million. CRIC...
June 17, 2002 Concordia Properties to put 3 malls on the block for about $400MlnThe Business Journal (Minneapolis/St. Paul)SOUTHDALE, Minn. – The O'Connor Group plans to bring the Southdale Center to market in the third quarter of this year as...
June 14, 2002 Schottenstein Corp., partners bid on Kmart leasesColumbus Business FirstCOLUMBUS, Ohio – Columbus-based Schottenstein Stores Corp. is part of a group bidding to buy and resell the leases on 53 defunct Kmart discount department stores located across the...
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