City: Chicago
Sale of Chicago Tower Collapses
August 8, 2003 Chicago TribuneA deal to sell 303 E. Wacker Drive, a 30-story tower in the Illinois Center complex, to an investment group led by Zeller Realty Corp. has collapsed, sources said. Earlier this year, the Chicago-based real estate ...
Defunct Chicago Firm Allegedly Used Coercion to Guarantee Mezzanine Loan
August 7, 2003Chicago Tribune (Second Item)Three principals in the defunct Chicago real estate firm Hiffman Schaffer Associates allegedly coerced the chief executive of a related finance firm to guarantee half of a $5 million mezzanine loan on the Broadview Village ...
Lehman Splits $195Mln Loan on IBM Plaza Into 2 Pieces
August 7, 2003Commercial Real Estate Direct Staff ReportLehman Brothers has split into two pieces a $195 million mortgage it agreed to provide for IBM Plaza, a 1.4 million-square-foot office building in Chicago.Earlier this year, the investment bank agreed to provide ...
Chicago Developer Puts Pricey Homes Right by Retail
August 6, 2003 Chicago Sun TimesRezmar Corp. in Chicago has filed its plan with the city for a retail and residential complex on 62 acres south of Roosevelt and Clark. The plan is unusual, as it could put expensive homes ...
Trizec Likely to Get Payment in Transfer of Sears Tower
August 6, 2003Chicago TribuneTrizec Properties Inc. is likely to get a check from the lender when it hands back the Sears Tower in Chicago to MetLife Inc., which holds the massive mortgage on the 110-story skyscraper. Chicago-based Trizec wants to ...
LaSalle Buys 55 W. Monroe in Chicago
August 6, 2003 LaSalle Investment Management has purchased 55 W. Monroe St., formerly known as the Xerox Centre.Terms of the transaction were not disclosed, but LaSalle was expected to pay about $95 million for the Class-A, 40-story property.The acquisition was ...
Investors Vie for Stake in Chicago’s Westin Michigan Avenue
Two investment firms have filed offers for the Westin Michigan Avenue hotel, valuing the property at more than $70 million. Meanwhile, the property's owner continues to seek financing after a deal for $75 million from CSFB fell through.
325 N. Wells St.
Helene Curtis headquarters
The Shops at North Bridge
for 33% stake, valuing 520 North Michigan Ave. at $315Mln; renamed Westfield Shoppingtown North Bridge
Chicago Developer to Build Office Building
July 30, 2003 Chicago Sun TimesChicago developer Albert Friedman plans to move ahead with plans to build an office building in Chicago on the southeast corner of Lake and Clark, an empty tract just west of the Goodman Theatre Center. ...
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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.
