X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-The developers of the Walton tower on the Park, Mesirow Financial and Enterprise Cos. have secured a crucial extension on a $129.5 million construction loan. The lenders TPG Capital and Starwood Capital Group have agreed to an extension as late as Sept 2012.

Under the terms of the extension, the developers must concentrate on renting out the 100 unsold units in the 201-unit building on Near North Side. The developers dropped plans to build a second condominium on the site. For the full story, go to Crain’s Chicago Business.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.