Regions Midwest | Chicago
CMBS Veteran Launches Advisory Firm
May 16, 2008

Frederick Fellows has established Basalt Capital L.L.C. (Basalt) in Chicago, Ill., an investment management company focused on commercial real estate debt securities, the firm has announced. Fellows had previously founded Cargan Investment Management L.L.C. in 1999. Basalt, an institutional advisory firm, currently manages commercial mortgage backed security investments for a related investment partnership. Basalt has launched a $500 million high yield CMBS-oriented investment fund and expects to have its first closing within the next several months.

 
Recent Chicago Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Barclays Takes Over Lehman Lease in Chicago
Oct. 29, 2008
Barclays Bank has assumed the lease for the Chicago office space formerly occupied by Lehman Brothers Holdings Inc.
Mid-America Closes Sale with Target at Wilson Yard Redevelopment in Chicago
Oct. 28, 2008
Mid-America Asset Management Inc. announced that Target closed on the sale of 132,000 square feet at the Wilson Yard mixed-use redevelopment that is under construction in Uptown Chicago.