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CHICAGO-The developers of the Walton tower on the Park, MesirowFinancial and Enterprise Cos. have secured a crucial extension on a$129.5 million construction loan. The lenders TPG Capital andStarwood Capital Group have agreed to an extension as late as Sept2012.

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Under the terms of the extension, the developers mustconcentrate on renting out the 100 unsold units in the 201-unitbuilding on Near North Side. The developers dropped plans to builda second condominium on the site. For the full story, go toCrain's Chicago Business.


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