City: Chicago

The package contains a loan on a multiplex theater and three assisted-living facilities. The operators of the properties have been operating under bankruptcy, so the loans are likely to trade at a discount.

January 15, 2002 CenterPoint Properties Trust (NYSE:CNT) has finalized a joint venture agreement with Ford Motor Land Development Corp. to develop Ford's new automotive supplier manufacturing campus on Chicago's southeast side. Under the partnership deal, the Oak Brook, Ill., REIT ...

January 2, 2002 SCHAUMBURG, Ill. – Wells Real Estate Investment Trust has paid $89.3 million, or about $183/sf, for a 486,960 square-foot office complex called Windy Point I & II.Wells REIT bought the pair of Class-A buildings in this northwest ...

December 24, 2001 Operators deal with big vacancies at Chicago-area telecom hotelsThe Chicago TribuneCHICAGO – The dot-com fallout has prompted area telecom hotel operators to regroup. For one, Taconic Investment Partners LLC, which had planned with its partners to turn ...

December 18, 2001 CHICAGO – The Kiser Group of Marcus & Millichap's Chicago office is marketing a 132-unit mid-rise apartment complex at 711 and 739 W. Belmont Ave. in East Lakeview.The Lakeview Apartments – priced at $10 million, or about ...

The REIT has decided to offer for sale the former headquarters of Halo Industries, a now-defunct promotional company. CenterPoint had invested $63.5 million in the Niles, Ill., building, and will likely recover substantially less.

November 29, 2001 DES PLAINES, Ill. – LaSalle Investment Management has sold a Chicago-area industrial property to a private investor for about $8.3 million, or $59/sf.Howard O'Hare Business Court, a 140,000-square-foot property at 200 East Howard Ave., is about two ...

November 21, 2001 Shorenstein Co. has reportedly lined up a $250 million deal to buy a 44-story office tower in Chicago's West Loop.The San Francisco-based investor has agreed to buy 500 W. Monroe St. from its Japanese owner, beating out ...