Regions Midwest | Chicago
Fortes Financial Secures National City Mortgage Wholesale Division
July 2, 2008
Fortes Financial Inc. has completed the assumption of five regional wholesale offices formerly belonging to National City Mortgage Corp. The offices are located in San Diego, Dallas, Chicago, Fredrick, Md., and Atlanta.
Recent Chicago Headlines
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
Perkins+Will Hires Two
Aug. 26, 2008
Perkins+Will announced that Mark Griffith has joined the practice as the local leader of the corporate, commercial and civic market sector.
Zell: Is the Grave Dancer Finally in Grave Trouble?
Aug. 25, 2008
It's probably the biggest grave Sam Zell has ever danced on: the Tribune Co., with its newspapers, broadcast media, the Cubs and other interests. Strictly speaking, it isn't a grave -- plenty of the company's properties make money -- and it isn't a real estate play. Still, real estate promises to play an important role by providing some of the much-needed liquidity that the company will use over the next few years to pay down parts of its debt, which totals about $12.5 billion.
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug. 19, 2008
Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago.
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