CHICAGO-The CEO of the big industrial REIT says the trust's strategic portfolio realignment is on track, and analysts agree. A huge deal with Proctor & Gamble to build one of Pennsylvania's largest warehouse facilities is confirmation that the REIT's strategy of focusing on project development for key clients is reaping dividends.
CHICAGO- TrizecHahn is negotiationing with Argent Group to make an investment in Clybourn Tech Center. The investment would mark one of TrizecHahn's first forays into the telecom hotel sector following the firm's decision to recycle $1 billion in properties to finance a big telecom hotel push.
CHICAGO-Telecommunications giant signs for 200,000-sf of telecom hotel space at E-port, the high-tech redevelopment of the former Montgomery Ward Catalog Building. E-port has now leased 600,000-sf of telecom hotel and office space.
CHICAGO-A bevy of real estate luminaries attended last night's launch party for Real Estate Chicago Magazine. The magazine, which will soon publish its second issue, is part of a group of local real estate publications that Real Estate Media is rolling out nationally.
CHICAGO-The Chicago Housing Authority will be issuing up to $750 million in bonds next year in its first ever foray into the long-term capital markets. Acting CFO says that a lead manager for the financing will likely be chosen next week from a list of five bulge bracket firms.
CHICAGO-A bevy of real estate luminaries attended last night's launch party for Real Estate Chicago Magazine. The magazine, which will soon publish its second issue, is part of a group of local real estate publications that Real Estate Media is rolling out nationally.
CHICAGO-High-powered real estate partnership that includes Lakeside East backers Magellan and Near North gets big construction loan from a group of banks led by Bank of America. The Grand Plaza will be built on the last remaining parcel of the AMA's formerly huge near-north land holdings.
CHICAGO-The Chicago Commission on Landmarks has voted to recommend that the City Council extend landmark status to the Motor Row district on the Near South Side. Property owners on Motor Row, some of whom want to tear down structures to build condos, are against the extension of landmark status to the area.