Property Types Office
Chicago Development Officials Green-Light Increased Subsidy for Loop Project
May 14, 2008
Source: Crain's Chicago Business

Chicago development officials have given their approval to an increased subsidy for a Michigan developer who wants to convert a landmark Loop office building into apartments. On Tuesday, the Chicago Community Development Commission voted for $20 million in tax-increment financing for the project spearheaded by Village Green Cos. -- an amount $12 million higher than originally intended.

Based in Farmington Hills, Mich., Village Green is seeking to redevelop the 45-story office tower at 188 Randolph St.  into 313 apartments, 20 percent of which will be affordable housing. The building was originally constructed in 1930 and has recently fallen into a dilapidated state, according to Crain's Chicago Business.

 
Recent Office Headlines
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The Washington, D.C., office of Holliday Fenoglio Fowler L.P. has announced that it arranged $36 million in financing for 1401 K St., a 124,700-square-foot Class A office building in Washington, D.C.
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Hilton Plans 150 Hotels in Caribbean, Latin America
October 07, 2008
By Barbra Murray, Contributing Editor -- Taking yet another big step toward its goal of increasing its international portfolio by 1,000, Hilton Hotels has revealed that the behemoth Beverly Hills-based hospitality concern will step up its presence in the Caribbean...

Parkbridge Completes $32M Financing, Closes on Seniors Communities
October 07, 2008
By Tom Dworetzky, News Editor -- Parkbridge Lifestyle Communities Inc. has announced the completion of a $32 million financing of one of its properties. The financing generated net proceeds of $13.2 million after repayment of a pre-existing first mortgage loan...

ProLogis Leases 460,000 SF in Shanghai
October 07, 2008
By Tom Dworetzky, News Editor -- ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao, ProLogis has leased approximately 192,000...

Behringer Harvard Expands European Portfolio, Buys 7 Properties
October 07, 2008
By Elena Gontar, Staff Writer -- Behringer Harvard continues to expand its presence in Central Europe. The company has acquired seven additional assets--a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility--via Wenceslas...

REal Talk with Adam Perrotta-Monday
October 06, 2008
By Adam Perrotta, News Writer --If it's true that misery loves company, the struggling American financial sector can at least take some solace in the fact that Europe is not immune to difficulties of its own, such as the struggles...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...