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CHICAGO-The four-story, 124,000-sf building is being marketed by Cushman & Wakefield for $15 million but CIT Lending Services Corp. seeks more than $16.8 million in principal, interest, attorney's fees and unpaid commitment fees.
GREEN OAKS, IL-The packaging, subassembly and distribution company relocates from nearby Mundelein in north suburban Lake County to a 190,000-sf distribution facility at 13820 Business Center Dr.
NORTHLAKE, IL-The Oak Brook-based REIT buys 505 N. Railroad Ave. and 333 Northwest Ave., properties formerly owned by Dominick's Finer Foods, for an undisclosed price. The properties total nearly 450,000 sf.
CHICAGO-Reconstruction of the upper and lower levels is going on along the east-west portion of Wacker Drive while three new office towers will rise along the north-south portion of the drive by 2004-05.
CHICAGO-American Linen gets Tax Increment Financing to build a 150,000-sf, $25.2-million state-of-the-art laundry facility at 2665 S. Leavitt Ave., prompting their move from 225 W. Chestnut St. on the Near North Side.
SCHAUMBURG, IL-This economic engine of Chicago's Northwest suburbs continues to hold out for quality development as less than 6% of its giant tax base remains undeveloped. Similar communities are advised to do likewise.
CHICAGO-Venture capital firm GTCR Golder Rauner, LLC now leases 32,000 sf in a long-term extension, which represents an 11,500-sf expansion of its space at TrizecHahn Office Properties' Sears Tower.
CHICAGO-Investors and developers looking to finance suburban office buildings or fashion retail projects beware: Lenders are casting a cautious eye at financing those deals despite the current environment of low cost capital.
SCHAUMBURG, IL-The debate on whether to levy sales taxes on Internet transactions comes to the National Edge Cities Conference in this self-sufficient northwest suburb of Chicago, home of Woodfield Shopping Center.
CHICAGO-Investors and developers looking to finance suburban office buildings or fashion retail projects beware: Lenders are casting a cautious eye at financing those deals despite the current environment of low cost capital.