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CHICAGO-A team led by architecture firm Skidmore Owings & Merrill has presented a host of possible uses for the former Michael Reese Hospital that included a casino/entertainment complex, a hotel or even a Barack Obama presidential library.
PHILADELPHIA-Public Health Management Corp. reports that it will shift its company headquarters from 260 South Broad St. to 1500 Market St. early next year. The non-profit public health institute will occupy 125,000 square feet at the former Comcast headquarters tower.
COLUMBIA, SC-The South Carolina House of Representatives agreed to provide Boeing with $120 million in incentives that will prompt the aerospace giant to expand its manufacturing operations in North Charleston and hire 2,000 new workers.
BRADENTON, FL-Bethesda, MD-based Berkeley Point Capital LLC reports it has closed on a $10,875,000 loan that finances the acquisition of Braden Lakes Apartments, a 264-unit garden-style apartment community here.
NEW YORK CITY-The California Public Employees' Retirement System has purchased a total of 345 apartments at two properties on Riverside Boulevard and West 63rd St. from a partnership that includes the Carlyle Group for approximately $400 million.
PHILADELPHIA-Pennsylvania Real Estate Investment Trust reports it has entered a new $400-million revolving credit facility that increases its available borrowing capacity, changes the terms from secured to unsecured, and reduces interest rate spreads.