The acquisition was partially financed with tax credits from CREA, an Indianapolis-based full-service tax syndicator that specializes in affordable housing, and loan assumptions from the city of Chicago and the Illinois Housing Development Authority.

Rancho Mirage, a 310-unit multifamily property located in the Las Colinas master-planned community, recently underwent $2 million in property improvements to overhaul units and amenities for that renter group.

The developer also acquired the six-story office condominium in the building from VMLY&R reportedly for $266 million, finally gaining full control of the property.

The law firm will be relocating to 90,000 square feet at Vornado's Midtown tower in 2020.