City: Chicago
Chicago Council Puts Off Wal-Mart Vote
April 1, 2004 Chicago TribuneThe Chicago City Council has again delayed plans for a Wal-Mart, this one on the South Side. "We have some serious questions about the labor practices of Wal-Mart and practices in general," said Alderman William ...
Chicago Mayor Wonders Why City Won’t Welcome Wal-Mart
March 31, 2004 The Chicago TribuneChicago Mayor Richard Daley wants to know why Wal-Mart is not good enough for the city even as the retailer spreads throughout the suburbs. "You have Wal-Marts in the suburban area and people drive from ...
Fifield Plans Apartments for Braun Bottles Site in Chicago
March 31, 2004 Chicago Sun-TimesDeveloper Steven Fifield has taken control of the old Braun Bottles site in Chicago at Canal and Fulton. Fifield plans a 452-unit, 39-story apartment building on the property just west of the Loop. The project already ...
Chicago’s Arthur Andersen Building to Sell for $69.6Mln
The former headquarters building of Arthur Andersen in Chicago is selling for $69.6 million. Prime Group Realty plans to use proceeds of the sale to pay down a $59.3 million mortgage from Deka Bank. It is also in talks with ...
Wal-Mart’s West Side, Chicago, Plan Nixed
March 26, 2004 The Chicago TribunePlans to build a Wal-Mart store in Chicago's west side have encountered opposition from a Chicago aldermen citing the city's traditional allegiance to unions and Wal-Mart's disdain for them. A 150,000-square-foot store on the West ...
BofA to Write Huge Loan Against Sears Tower
BofA has all but sewn up an agreement to provide more than $750 million of mortgage financing necessary for an investor group to complete its purchase of Chicago's Sears Tower. CSFB, Deutsche Bank and Wachovia Securities are said to have ...
Bank One to Abandon New Tower in Chicago
March 17, 2004 Chicago TribuneBank One Corp. is looking to sublease all of the more than 600,000 square feet it leases in Chicago's Bank One Center in Chicago. The lender occupies only a portion of the 12 floors it leases ...
2 Firms to Buy Helene Curtis Site in Chicago
March 16, 2004 Chicago TribuneSterling Bay Cos. and Marc Realty LLC, Chicago-based real estate investment firms, have agreed to buy the former Helene Curtis headquarters for $16.5. The partners plan what could be the first office condominium conversion in downtown ...
South Loop Condo Plan Moves Forward
March 15, 2004 Chicago Sun-TimesDespite a slowdown in condominium sales, an investor group plans to build a 24-story tower at 1400 S. Michigan in Chicago. Developers Alex Vaisman and Jacob Bletnitsky, partners in Russland Capital Group Inc., have requested zoning ...
Prime Group Refinances Chicago Tower
March 15, 2004 Commercial Real Estate Direct Staff ReportRBS Greenwich Capital Markets has provided Prime Group Realty Trust a $67 million mortgage for 180 N. LaSalle St. in Chicago.Prime Group Realty, a Chicago REIT, acquired fee ownership in the property, ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
