Regions Midwest
University of Chicago to Create $200 Million Center Honoring Late Economist
May 15, 2008
Source: Crain's Chicago Business

The University of Chicago plans to create a $200 million center to honor the late economist Milton Friedman, a Nobel Prize winner and longtime faculty member at the school. The Milton Friedman Institute will began operations this fall and will eventually be housed in buildings that are currently occupied by the Chicago Theological Seminary.

The university is currently buying those buildings with the proviso that it will build a new home for the seminary itself. However, the seminary is not expected to move until 2012, and then will lease the buildings from the university at a cost of $1 per year for 100 years.


 
Recent Midwest Headlines
Studley Promotes Two to Associate Branch Managers
Oct. 10, 2008
Studley promoted two of its real estate advisors -- Robert Sevim and Tiffany Winne -- to associate branch managers of the Chicago office.
Logistics Company Inks 720,000-SF Industrial Lease in Suburban Detroit
Oct. 10, 2008
Comprehensive Logistics Co. has signed a lease for approximately 718,700 square feet of space in Romulus, Mich., at the Northline Industrial Center, a 1 million-square-foot warehouse facility located at 38481 Huron River Dr., about 25 miles west of Detroit.
$55M Financing Deal Wraps Up for New Ritz-Carlton Denver
Oct. 06, 2008
A $55 million mortgage loan for the 202-room Ritz-Carlton Denver, located in downtown Denver at 1881 Curtis St., has just closed
Strategic Hotels & Resorts Not Drops Chicago Hotel Development Space Buy
Oct. 03, 2008
Strategic Hotels & Resort Inc. has  announced that it is not going ahead with its  contracted purchase of hotel development space at the Aqua Building, which is currently under construction and adjacent to the company's Fairmont Chicago Hotel.
GGP Announces Executive Change, Dividend Suspension
Oct. 03, 2008
General Growth Properties Inc. has announced the appointment of Edmund Hoyt as the Company's CFO on an interim basis.