September 10, 2003 Chicago Sun Times (Second Item)The Community Development Commission has approved Smithfield's plan for a 32-story, $64 million retail and residential tower at the Walgreens site at the northeast corner of State and Randolph in Chicago. The city ...
September 10, 2003 Chicago Sun TimesExecutives at City Hall and within the Greater State Street Council in Chicago are upset that Toys R Us hasn't been more aggressive about subleasing its prime frontage at 10 S. State. Sources said officials ...
September 10, 2003 Chicago Sun Times (Third Item)Lehman Brothers, last week bought out developer B.J. Spathies' interest in the River Ben Condo project in Chicago for about $500,000, or the cost of one home in the 149-unit building. Lehman also ...
September 8, 2003 GMAC Commercial Mortgage Corp., the master servicer of Asset Securitization Corp., 1997-D5, has decided to recoup over several months the $6.4 million of nonrecoverable advances it has made against one of the deal's collateral loans.As a result, ...
September 8, 2003 Standard & Poor's has downgraded six classes of Asset Securitization Corp., 1997-D5, because of interest shortfalls that it expects will hit the deal as a result of servicer advances that have been deemed nonrecoverable.The rating agency has ...
September 8, 2003 Crain's ChicagoThree large apartment complexes in the Chicago area, together valued at more than $100 million, have been put up for sale amid booming demand. City View Plaza, a 412-unit property on the Near West Side owned ...
September 8, 2003 Crain's ChicagoPrudential Real Estate Investors is selling the Zenith Electronics Corp. headquarters site in Chicago. The property is expected to sell for $80 million to $85 million. Prudential bought the property in spring 2002 from New York-based ...
September 5, 2003 Prime Group Realty Trust (NYSE:PGE) has confirmed that it is selling a 70 percent stake in the Bank One Center, a 1.53 million-square-foot office building it owns in Chicago, for $106.4 million.The Chicago REIT added that it ...
September 5, 2003 Chicago TribuneLehman Brothers on Thursday gained control of the River Bend condominium project in Chicago after a foreclosure auction on the luxury, 37-story tower at Lake and Canal streets. The auction, originally set for Aug. 26, was ...
Rreef has earmarked the North Riverside Park Mall for disposition and hired CB Richard Ellis to market it for sale. Based on recent sales of other malls in the Chicago area, the 1.1 million-square-foot mall could sell for about $120 ...
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