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New Loews Chicago Hotel Joins ALHI

New Loews Chicago Hotel Joins ALHI

Associated Luxury Hotels International recently expanded its portfolio with the addition of the new Loews Chicago Hotel which is scheduled to open in the beginning of 2015. AHLI will provide Global Sales Organization support, expertise and sales services for the new Chicago Hotel.…

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CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

Carter Validus Mission Critical REIT Inc. has acquired the Chicago Data Center Facility in the Northlake suburb of Chicago for $211.7 million. The REIT will provide new capital for the continued build out and expansion of the facility.…

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Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor.…

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Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted…

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Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

The Andersonville Guesthouse is set to expand and upon reopening, in the summer of 2014, will be rebranded into The Guesthouse Hotel.…

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$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

$79 Million TIFIA Loan for the Reconstruction of the CTA’s 95th Street Red Line Station Secured

Mayor Rahm Emanuel and Senator Dick Durbin recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority’s Red Line.…

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Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Office Centers has recently announced it is opening its sixth shared office center in Chicago featuring 16,950 square feet of space. Occupying the entire 24th floor of the building located at 150 South Wacker Drive in the West Loop neighborhood, the shared office center is scheduled to open May…

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HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification

HOK recently announced that The Clark and Grand Hotel Complex has achieved Leadership in Energy and Environmental (LEED) Design for New Construction (NC) Silver certification from the U.S. Green Building Council.…

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Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Sumitomo Corporation of Americas Acquires Chicago’s Trophy 203 North LaSalle

Commercial real estate services firm Avison Young announced that it has completed an office property acquisition on behalf of Sumitomo Corporation of Americas within a trophy-class building in downtown Chicago.…

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TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio

TODAY’S DEALS: Meridian Arranges $24.8M in Acquisition Financing for Chicago Portfolio

Meridian Capital Group arranges $24.8 million in acquisition financing for an eight-property multifamily portfolio; and Oak Grove Capital provides $11.1 million in FHA refinancing and obtains a waiver to three-year rule.…

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Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers

Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers

Governor Pat Quinn recently announced the new Welcome Home Illinois program which aims to help Illinois’ first-time home buyers. The program provides $7,500 in down-payment assistance with an interest rate as low as 3.99 percent for a secure, 30-year fixed rate mortgage.…

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Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers

Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers

As the long awaited 111 West Wacker Drive project gets closer and closer to completion, which is scheduled for this summer, Governor Pat Quinn recently saluted the developers and workers.…

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