December 8, 2003 Advertising Co. Hunts for Chicago Office SpaceCrain's ChicagoAdvertising holding company WPP Group PLC has narrowed its search for 300,000 square feet of office space to three sites in Chicago: Michigan Plaza at 225 N. Michigan Ave.; the ...
December 8, 2003 Crain's ChicagoNew York-based real estate firm Thor Equities LLC has signed a contract to buy a 19-story building at State and Monroe streets in Chicago owned by the School of the Art Institute of Chicago. Thor, which ...
December 5, 2003Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has extended to Dec. 19 its tender offer to purchase all the shares of the entity that owns the Westin Michigan Avenue, a 744-room hotel in Chicago.Starwood's offer of $625/share in ...
December 3, 2003 Chicago Tribune (Fourth Item)A joint venture of MCZ Development Corp. and Centrum Properties Inc. is planning the residential loft conversion of a huge, antiquated warehouse building in Chicago. The 500,000-square-foot building at 1020 W. Adams St. was ...
December 3, 2003 Chicago Sun Times (Second Item)Mather LifeWays, a nonprofit housing provider for the elderly, plans to build some 310 residential units on the northeast and southeast corners of Hinman and Davis in Chicago. The $125 million project will ...
November 26, 2003 Chicago Sun TimesLR Development Co. LLC plans to build on a site owned by the Episcopal Diocese of Chicago. The southwest corner of Rush and Huron would get a 750-foot, 65-story condo tower immediately east of St. ...
November 25, 2003 Crain's ChicagoParkway Bank & Trust Co. has foreclosed on Polo Tower, a 186-unit condominium conversion project on the North Side of Chicago. Harwood Heights, Ill.-based Parkway Bank said it is owed more than $14 million, and had ...
November 24, 2003 Chicago TribuneAfter considering an outright sale of Sears Tower, MetLife Inc. is hiring an adviser to explore other strategies, such as a joint venture deal or a refinancing of the prominent skyscraper. After a strong competition among ...
November 19, 2003 Chicago Tribune (Second Item)A joint venture that includes Prudential Life Insurance Co. of America has restructured a $34 million mezzanine loan on the Fordham, a luxury condominium tower in Chicago. The 50-story building was completed this year ...
November 19, 2003 Chicago TribuneIn a gamble on the downtown apartment market, a giant California state pension fund and investment adviser Rreef America LLC have struck a deal to finance an apartment tower near Michigan Avenue proposed by developer Daniel ...
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