NORTHBROOK, IL-Nearly 19.6 million Grubb & Ellis Co. shares were tendered when the company offered to buy back 7 million shares at $7. The stock closed at $5.69 Friday.
CHICAGO-The Federal Government provides $384 million for reconstructing a CTA elevated line serving the West Side and neighboring Cicero, helping preserve the market's "superior public transportation system.
CHICAGO-The nation's largest nonprofit syndicator of low-income housing tax credits funded approximately 5,000 units. Expanded tax credits should make low-income housing more attractive to investors, the company says.
CHICAGO-The office and industrial REIT with holdings locally as well as the Southeast blames the fourth quarter distribution of $.03 per share on $1.4 million to improve properties in Tampa, FL and Lexington, KY.
GURNEE,IL- Kenall Manufacturing Company is expanding its building at 1020 Lakeside Drive 16,020 sf as well as building a new 18,400-sf manufacturing facility on 3.5 acres. Work is expected to be completed in September.
CHICAGO-A $7.2-million deal involving industrial revenue bonds and tax incentives allows Lakin General Corp. to move its roller division from the North Side to a West Side location at 1815 N. Laramie Ave.
CHICAGO-Milwaukee-based Marcus Corp. declares regularly quarterly dividend of $0.055 per share payable Feb. 15 to shareholders of record as of Jan. 25. A $0.05 per share dividend also is declared for Class B common stock.
ARLINGTON HEIGHTS, IL-The two-building complex also includes approximately 40,000 square feet of retail space and is located across Northwest Highway from the Metra commuter rail depot. AvalonBay plans renovation of apartments.
CHICAGO- A contract to manage 100 million sf owned by Delphi Automotive Systems prompts the real estate services company to open offices in Singapore, London, and Juarez. Further expansion is scheduled later this year.
MOUNT PROSPECT, IL-JC Penney's decision to close its 198,000-sf store at the Randhurst Shopping Center follows the announcement that Montgomery Ward, which has a 212,000-sf store at Randhurst, is declaring bankruptcy.