LAKE FOREST, IL-The financial group will reopen the seven First Chicago Bank & Trust branches under subsidiary Northbrook Bank. The bank is the fifth failure this year in Illinois.
CHICAGO-The affiliate of Blackstone Real Estate Advisors has hired CT to manage its Midwest properties, about 7.8 million square feet out of the company’s total 45 million square feet
CHICAGO-Transwestern’s second quarter report shows improved fundamentals and activity is up in the CBD, with one million square feet of absorption, but the suburbs still struggle.
ST. LOUIS-Former Koman Properties SVP Terry Barnes will take over as president of the new KP Development, which will expand past retail into office and industrial build-to-suits.
HAMBURG, GERMANY-The group plans to raise $1.1 billion in equity, to buy existing shopping centers in Germany, Poland, Hungary, Austria and the Czech Republic.
LONDON-According to PropertyWeek.com, a venture of Canary Wharf Group and Qatar is leading a three-team pack to redevelop the Shell Centre site on the south bank of Thames River.
PLAINFIELD, IN-The new 900,000-square-foot facility would bring the company’s current space in Indiana to more than three million square feet, in part due to relaxed sales tax laws.
TORONTO-The Sydney-based firm wants to focus investment on the US West Coast, specifically port cities, which are expected to see a large increase in activity due to Asia trading.
CHICAGO-The Southfield, MI-based Farbman Group has purchased its third office property in Chicago by buying the 200,000-square-foot, class C Randolph-Wells building.