Regions Midwest
NorthMarq Mortgage for River West Lofts in Chicago
May 7, 2008

Sue Blumberg, senior vice president and managing director of NorthMarq Capital Inc.’s Chicago Regional office, arranged third mortgage financing of $3.9 million for River West Lofts, a 158-unit multi-family property, located in Chicago, Ill. Financing was based on a 6-year term with a 30 year amortization schedule and will run co-terminus with the first and second mortgages. This financing was arranged for the borrower, River West Lofts Limited Partnership, by NorthMarq through relationship with Freddie Mac.

 
Recent Midwest Headlines
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.
GE Finances $67M for Offices
May 16, 2008
GE Real Estate has announced two office financing deals totaling $67 million.
Suburban Chicago's Purple Hotel Slated for Redevelopment
May 16, 2008
Inland Real Estate Acquisitions Inc. and TMK Development Ltd. have unveiled plans to acquire and redevelop the Purple Hotel in the suburb of Lincolnwood, Ill., just north of Chicago.
University of Chicago to Create $200 Million Center Honoring Late Economist
May 15, 2008 - Source: Crain's Chicago Business
The Milton Friedman Institute will eventually be housed in facilities now occupied by the Chicago Theological Seminary.
JV Formed to Develop Suburban Des Moines Retail
May 15, 2008
Capital Growth Madison Marquette of Minneapolis and DRA Properties L.L.C., an Ankeny, Iowa-based real estate company, have formed a partnership to develop about 500,000 square feet of retail space in Ankeny.