Chicago

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Habitat Co.’s Segal

“There’s a number of people looking at new development opportunities, but the challenge remains cost,” Segal says.

Lululemon Athletica Store in Gold Coast Reaches Sales Block

CHICAGO-A venture headed by local investors Mark Hunt and Fred Latsko is planning to a 2,930-square-foot store in the Gold Coast

DEAL-WRAP
Inland, Invesco Refi a Grocery-Anchored Center

OSWEGO, IL-HFF arranged the $21 million loan for Oswego Commons here, anchored by a Dominick’s store, through Hartford Investment. Plus more Midwest news.

Continental Towers in Rolling Meadows Secures New Tenant

ROLLING MEADOWS, IL-Colliers International has negotiated a lease deal for an office space at Continental Towers in Rolling Meadows.

Green Courte Spends $360M on Parking Spot

LAKE FOREST, IL-The Pritzker group parted with the Parking Spot company, which owns and/or manages 41 airport parking facilities across the country.

Sterling Bay, Heitman to Develop HQ for Sara Lee's Meat Unit

CHICAGO-Sterling Bay Cos. of Chicago is planning to partner with Heitman LLC of Chicago to redevelop a West Loop office structure into a new headquarters for the meat business of Sara Lee Corp.

Ricketts Venture Buys N. Clark Street Property for $20M

CHICAGO-The Ricketts family has recently bought a McDonald's restaurant property located across from Wrigley Field for $20 million.

Credit Suisse Unit Agrees to Buy MillerCoors HQ Building

CHICAGO-A Credit Suisse Group AG unit has agreed purchase the 16-story office building that houses the headquarters of MillerCoors LLC for approximately $91 million.

UPDATE
Plans Changed for $50M Mixed-Use in Ravenswood

CHICAGO-The Taxman Corp. is putting in 127,000 square feet of retail, including a Mariano’s grocery, though Magellan Development will no longer participate in the rental housing portion.

GE Capital Set to Sell Three Suburban Office Complexes

DEERFIELD, IL-GE Capital is planning to sell three suburban office buildings totaling approximately 1.2 million square feet.

Home Properties Buys Gates of Deer Grove for $20M

PALATINE, IL-Rochester, New York-based Home Properties Inc. has paid $20.2 million for the Gates of Deer Grove, a 204-unit apartment complex at 125 W. Dundee Road in northwest suburban Palatine.

JLL To Handle Third Portion of $1B Portfolio

CHICAGO-Equity Office Properties Trust has hired Cassidy Turley, Lincoln Property Co. and now Jones Lang LaSalle to manage its $1 billion of office bought from Duke Realty recently.

McShane Confirms New 100-Acre BTS Park

WOODRIDGE, IL-Food service firm Edward Don & Co. has already announced it will move to a 362,500-square-foot headquarters at the new Union Pointe industrial and office park.

Lehman Offers $1.3B for Majority Stake in Archstone

NEW YORK CITY-The company has filed a lawsuit against Bank of America and Barclays Plc. to block the banks’ sale of interest in Archstone, according to a Bloomberg story.

DEAL WRAP
Founders Gains $39M Recap Loan for Village Center

BURR RIDGE, IL-PCCP LLC has provided a $38.7-million senior loan to finance the note purchase and provide funds to complete Burr Ridge Village Center. Plus more Midwest news.

Mercy Buys Pullman Apartments, Plans for $30M Renovation

CHICAGO-A venture headed by Mercy Housing Lakefront Inc. has purchased an affordable-housing apartment building consisting of 210 units at 10400 S. Maryland Ave. in Pullman for $8.2 million.

Bridge Venture Buys Lyons Cold Storage Facility for $14M

LYONS, IL-A venture including Oak Brook-based Bridge Development Partners LLC and Wanxiang America Real Estate Group LLC has purchased a 312,000-square-foot cold storage facility from United States Cold Storage Inc.

Fellowship Moves to Top Floor of 30 N. LaSalle

CHICAGO-The International Fellowship of Christians and Jews signed to expand to the 43rd floor here. A Studley exec tells GlobeSt.com he sees the tenant-led market continuing.

UPDATE
GGP Approves Spin-off, Reveals Capital Structure

CHICAGO-Following the subsidiary spin-off of a 30-mall portfolio, named Rouse Properties, GGP's common stock will continue to trade on the NYSE under the symbol GGP.

SpringHill Suites Hotel in Lincolnshire Sells for $12M

LINCOLNSHIRE, IL-A venture headed by Bay Harbor Islands, Florida-based Robert Finvarb Cos. has purchased SpringHill Suites, a 161-room hotel at 300 Marriott Drive in north suburban Lincolnshire, for 11.6 million.

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Events

Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
Feb.
15
RealShare APARTMENTS EAST
Washington, DC
Mar.
07
RealShare PHILADELPHIA
Philadelphia, PA
Mar.
22
RealShare REAL ESTATE 2012
Los Angeles, CA
Apr.
03-03
RealShare NET LEASE 2012
New York, NY
Featured Event
RealShare APARTMENTS EAST


Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Webinars

Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

Featured Event
Protect Your Portfolio From Seismic Risk


This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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