CHICAGO-CenterPoint REIT is optimistic that it will join with Ford Land in building a supplier park for Torrence Avenue car plant. The state and city agree to more than $90 million in subsidies for the project.
CHICAGO-Office developer signs Atlantic Coast Airlines to 77,000 sf at Loudoun Gateway III, says Virginia's high-tech corridor is booming. Exodus Communications rumored in 1 mil sf deal near Dulles, VA.
CHICAGO- Medinah Temple redevelopment to be site of nation's first Bloomingdale's Home Store, which is in negotiations for sites nationwide. Shriner's to get $21 mil for landmark Medinah property, including $12.5 mil in TIF subsidies.
Chicago- City to consider landmark designation as part of deal to renovate century-old structure. Marc Realty to use Class L incentives for rehab project.
CHICAGO- Planning Commission doubts European American Realty can put together financing for proposed 112-story tower. Lender has deed to the development's planned 7 South Dearborn site and has put the property up for sale.