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.


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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