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Compass Datacenters announced new growth initiatives to develop up to $3 billion in new data center campuses, along with continued support from RedBird Capital, Ontario Teachers' and the introduction of Azrieli.
“It's an atypical ownership structure, but one that we believe aligns all parties with the hospital's objectives and the healthcare needs of the community,” says Seavest's John Winer.
The 188-bed teaching hospital was included in a voluntary Chapter 11 bankruptcy filing in late June, along with Hahnemann University Hospital, by parent company Philadelphia Academic Health System, a subsidiary of AAHS.
PCD Development, a subsidiary of PCD Capital, LLC, and Saber are building a 421-unit luxury rental apartment community with supporting 8,000 square feet of retail space on a riverfront parcel at 238 West Fort Lee Road.
Chicago Mayor Lori E. Lightfoot announced on Wednesday that the city has submitted five sites to be tested: Harborside (111th and the Bishop Ford Freeway); the former Michael Reese hospital (31st and Cottage Grove); Pershing & State; Roosevelt & Kostner; and the former U.S. Steel parcel (80th and Lake Shore Dr.).
The real estate advisory firm started a year ago by Paul J. Massey, Jr. notes this could mean growth opportunities especially in Harlem, Bushwick and Queens.