Monday - November 25, 2024
State Tipoffs Involving Illinois Newsletter for Thursday October 03, 2024 ( 29 items )  

Augustana Awarded $105,000 to Launch Business-Liberal Arts Scholars Program
ROCK ISLAND, Illinois, Oct. 3 -- Augustana College issued the following news: A $105,000 "Vocation Across the Academy" grant from the Network for Vocation in Undergraduate Education (NetVUE) will help Augustana College launch an enrichment and mentorship program for business administration students. Next fall, Augustana business administration majors can opt to enroll in the Business Education Steeped in the Liberal Arts (BESLA) scholars program. Built upon the strengths of Augustana's liberal  more

Chicago Booth Announces $60 Million Gift From Alumni Clifford Asness and John Liew to Name Its Master in Finance Program
CHICAGO, Illinois, Oct. 3 -- The University of Chicago Booth School of Business issued the following news: * * * In recognition of this remarkable commitment, the new program will be known as the Asness and Liew Master in Finance Program. * * * The University of Chicago Booth School of Business today announced that Clifford Asness, MBA '91, PhD '94, and University of Chicago trustee John Liew, AB '89, MBA '94, PhD '95, have made a gift of $60 million to name Booth's new Master in Finance Pro  more

Grubhub and Stride Announce New Portable Benefit for Delivery Partners
CHICAGO, Illinois, Oct. 2 -- Grubhub, an online food delivery marketplace, issued the following news release: Grubhub, a leading online and mobile food-ordering and delivery marketplace, is excited to announce a new portable benefit offering with Stride, the category leader in portable benefits. This expanded partnership with Stride underscores Grubhub's ongoing commitment to supporting its delivery partners by providing them with access to Stride Save/1--an individual benefits savings account   more

JLL Arranged the Sale and Financing for a Luxury Apartment Building in Chicago's Fulton Market
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Oct. 1, 2024: * * * The Parker, a 227-unit Class A property, changes hands in one of the most sought-after submarkets nationwide * * * JLL Capital Markets announced today the sale and acquisition financing for The Parker, a Class A 227-unit luxury apartment building located in Chicago's dynamic Fulton Market submarket. JLL represented the seller, institution  more

JLL Arranges Sale of Thriving, Hispanic Grocery-Anchored Shopping Center in Houston
CHICAGO, Illinois, Oct. 3 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Unique investment opportunity in Houston's Near North submarket of an essential shopping center located in a heavily underserved retail market * * * HOUSTON, Oct. 2, 2024 - JLL Capital Markets has successfully facilitated the sale of Little York Plaza, a 114,982-square-foot Hispanic grocery-anchored shopping center in the Near North submarket of Houston,   more

JLL Capital Markets Facilitates Ownership Change of 24 Hour Fitness - Spring
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL arranges sale of single-tenant retail building in Spring, Texas across from Exxon Mobil Global Headquarters * * * HOUSTON, Oct. 1, 2024 - JLL Capital Markets announced today that it has arranged the sale of 24 Hour Fitness - Spring, a fee-simple interest single tenant retail property in Spring, Texas. JLL worked on behalf of the seller, in procuring   more

JLL Closes $27.8M Sale of Los Angeles Grocery-Anchored Retail Center
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Park Pacific Shopping Center in Hermosa Beach, CA trades hands for first time in 50 years * * * ORANGE COUNTY, Oct. 1, 2024 - JLL Capital Markets announced today the $27.8 million sale of Park Pacific Shopping Center, a 49,911-square-foot grocery-anchored retail center in Hermosa Beach, California. The buyer was Chartwell Real Estate Development and the   more

JLL Closes $50M Sale and $35M Financing of Orlando Apartment Community
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Avisa Lakes is a 292-unit, garden-style community in East Orlando * * * ORLANDO, Oct. 1, 2024 - JLL Capital Markets announced today that it has closed the $50 million sale and $35 million financing of Avisa Lakes, a 292-unit, garden-style multi-housing community in Orlando, Florida. JLL represented the seller, Lloyd Jones, LLC and ST Real Estate Holding   more

JLL Elevates Client Experience With Leasing Tech and Brokerage Acquisition
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Oct. 1, 2024: * * * Raise strengthens JLL's platform with market-leading technology for the full leasing lifecycle * * * JLL (NYSE: JLL) today announced it has reached an agreement to acquire Raise Commercial Real Estate (Raise), a technology-powered brokerage that provides client solutions using a transformative digital real estate platform. This acquisition  more

John Deere and DeLaval Launch Groundbreaking Milk Sustainability Center
MOLINE, Illinois, Oct. 2 -- Deere and Co., a manufacturer of agricultural, construction, forestry machinery and diesel engines, issued the following news release: MOLINE, Illinois, and KANSAS CITY, Missouri, (October 1, 2024) - Dairy farmers have a new tool that will help them enhance efficiency and sustainability while accommodating changing regulations that affect their operations. Launched today and available for customer registration, the Milk Sustainability Center from John Deere and DeLav  more

John Deere Unveils New Z380R Electric ZTrak Zero-Turn Mower for Residential Customers
MOLINE, Illinois, Oct. 2 -- Deere and Co., a manufacturer of agricultural, construction, forestry machinery and diesel engines, issued the following news release: CARY, N.C. (Oct. 1, 2024) -- John Deere, a global leader in innovative and powerful turf equipment, continues to expand its residential zero-turn mower lineup with the introduction of the Z380R Electric ZTrak Zero-Turn Mower. Building on the success of the Z370R Electric ZTrak Residential Zero Turn Mower, this new model is designed to  more

Jones Lang LaSalle: $577.625M SASB Financing Secured for LBA Logistics Value Fund VII Industrial Portfolio
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Sept. 30, 2024: * * * JLL Capital Markets led the financing efforts for the 25-property, 7M SF portfolio located across 10 states * * * JLL Capital Markets announced today it has arranged a $577.625 million CMBS single-borrower (SASB) financing for LBA Logistics Value Fund VII Industrial Portfolio. The portfolio comprises 25 industrial properties across 10 st  more

Jones Lang LaSalle: $94M Refinancing Secured for Boston-Area Life Sciences Asset
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the refinancing efforts for LINX, a Class A, fully leased facility in Watertown, Massachusetts * * * BOSTON, Sept. 30, 2024 - JLL Capital Markets announced today that it has arranged a $94 million refinancing for LINX, a 185,015-square-foot, Class A life sciences building in Watertown, Massachusetts. JLL worked on behalf of the bo  more

Jones Lang LaSalle: Refinancing Secured for DFW Commerce Center Phase II & III
CHICAGO, Illinois, Oct. 3 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the financing efforts for a 1.9M SF Class A industrial park at DFW International Airport * * * DALLAS, Oct. 1, 2024 - JLL Capital Markets announced today it secured financing for DFW Commerce Center Phase II & III, a three-building, 1,953,620-square-foot Class A industrial park located at Dallas-Fort Worth International Airport. J  more

Jones Lang LaSalle: Retail Investor Makes Long-Term Bet on Oakland - Purchases Whole Foods for $44.4M
CHICAGO, Illinois, Oct. 2 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the sales efforts for the 57,218 SF free-standing store, which is the dominant grocer in the market * * * SAN FRANCISCO - JLL Capital Markets announced today that it has completed the $44.4 million sale of Whole Foods Bay Place, a 57,218-square-foot, free-standing grocery store in Oakland, California. JLL represented the seller, S  more

Kirkland Advises Powin on Securing $200M in Debt Capital From KKR to Bolster Growth, Innovation in Energy Storage
CHICAGO, Illinois, Oct. 3 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented Powin, a global leader in battery energy storage solutions, on successfully securing a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. The facility will be instrumental in supporting Powin's working capital needs, driving continued innovation and further enhancing the company's financial   more

Kirkland Advises Tall Oak Midstream III on $450M Sale to Summit Midstream
CHICAGO, Illinois, Oct. 3 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented Tall Oak Midstream III (Tall Oak), a Tailwater Capital (Tailwater) portfolio company, on its definitive agreement to be acquired by Summit Midstream (NYSE: SMC) (Summit) for $450 million, comprised of $155 million of initial cash consideration, $25 million of contingent cash consideration and an approximate 40% equity interest in Summit. Kirkland also advised Tailwater C  more

Kirkland Advises TPG on Strategic Partnership With Surescripts
CHICAGO, Illinois, Oct. 3 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised global alternative asset management firm TPG on a majority investment in Surescripts, the nation's leading health information network. The transaction was announced October 1, 2024. TPG is investing in Surescripts through TPG Capital, the firm's U.S. and European private equity platform. The investment will allow Surescripts to develop an array of solutions addressing healt  more

Kirkland Advises Verdane on Partnership With Eversports
CHICAGO, Illinois, Oct. 3 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advises Verdane on the partnership with Eversports. Eversports is a software as a service (SaaS)-enabled sports booking platform founded in Vienna in 2013 that brings together sports providers and sports enthusiasts. The Eversports marketplace has 500,000 active users and 1.5 million bookings per month, offering studios and sports venues a platform for more visibility and less admi  more

Lancashire Police Deploy Motorola Solutions In-Car Video Solution Across Full Vehicle Fleet
SCHAUMBURG, Illinois, Oct. 3 -- Motorola Solutions issued the following news release: * * * New video technology delivers real-time footage and alerts officers to critical events happening around them * * * LONDON, October 2, 2024 - Motorola Solutions (NYSE:MSI) today announced that Lancashire Police will deploy the M500 in-car video solution across its entire fleet of vehicles. The new video solution observes the vehicle's environment from multiple viewpoints to provide officers with real-t  more

Lauren Serra Henderson (BA '13) and the Serra Foundation Establish Arts Teacher Scholarships at Loyola
CHICAGO, Illinois, Oct. 3 -- The Loyola University Chicago issued the following news release: * * * The scholarship will support graduate students pursuing a master's degree in education focusing on dance and theater. * * * In response to a critical shortage of arts educators in Chicago Public Schools, Trustee Lauren Serra Henderson (BA '13) and the Serra Foundation have made a major gift to create the Serra Foundation Scholarship and the Serra Foundation Endowed Scholarship at Loyola Univer  more

Littelfuse Launches Industry-First Ultra-High Amperage SMD Fuse Series
CHICAGO, Illinois, Oct. 2 -- Littelfuse, a circuit protection manufacturer, issued the following news release on Oct. 1, 2024: * * * New 871 Series Fuse provides 150A and 200A ratings in compact SMD form factor, simplifying designs and saving PCB space * * * Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced the launch of the 871 Series Ultra-High Amperage SMD Fuse. This innovative new series s  more

Maron Marvel Achieves Mansfield Certification for 2023 - 2024
CHICAGO, Illinois, Oct. 3 -- Maron Marvel Bradley Anderson and Tardy LLC, a law firm, issued the following news: Maron Marvel is proud to announce that it has achieved Mansfield Certification for 2023-24! Mansfield is a year-long, structured certification process focused on ensuring all firm talent has a fair and equal opportunity to advance into leadership. The focus is on opening the door wider and ensuring that opportunities for advancement are transparent and inclusive for everyone. By ask  more

MAYER BROWN LAUNCHES NEXTGEN INITIATIVE IN NEW YORK, EXPANDING GLOBAL EMPOWERMENT PLATFORM
CHICAGO, Illinois, Oct. 3 -- Mayer Brown, a law firm, issued the following news: Mayer Brown has officially launched its NextGen initiative in New York, further extending the firm's innovative platform that fosters opportunities for emerging leaders to network, build connections, and strengthen relationships with clients and peers. This initiative, which has already achieved significant success across the globe, underscores Mayer Brown's dedication to cultivating the next generation of leaders   more

McKendree University to Honor Outstanding Alumni During Homecoming Awards Ceremony Oct. 11
LEBANON, Illinois, Oct. 3 -- McKendree University issued the following news release: * * * Accolades to include the Peter Akers Award, Loyal Service, Academy of Excellence, Rising Stars * * * McKendree University will honor several of its accomplished alumni at its annual award ceremony on Friday, Oct. 11 at the Hettenhausen Center for the Arts on campus. Chosen by the alumni board, the 2024 awardees have made their mark in their professions, communities and at their alma mater. * * * This  more

Millikin Awarded 2027 NCAA Division III Softball Championship Hosting Duties
DECATUR, Illinois, Oct. 3 -- Millikin University issued the following news: * * * Workman Family Softball Field will host the event and has been the home of Big Blue Softball since being built in 2017. * * * By Morgan Vogels Millikin University was awarded hosting responsibilities for the NCAA Division III Softball National Championships in 2027, the national office announced Wednesday, October 2. "We are extremely excited to be hosting the softball national tournament in 2027," Millikin   more

New Agreement Offers SWIC Students Seamless Transfer to SEMO's Bachelor of Health Sciences Program
CAPE GIRARDEAU, Missouri, Oct. 3 -- Southeast Missouri State University issued the following news: Southeast Missouri State University (SEMO) and Southwestern Illinois College (SWIC) have partnered to establish a new articulation agreement, creating a seamless transition for students in SWIC's exercise science program. This agreement allows SWIC students completing a two-year Associate of Science in exercise science to transfer to SEMO and complete a Bachelor of Science in health sciences in ju  more

Obesity, diabetes implant receives up to $34 million to fast-track development
EVANSTON, Illinois, Oct. 2 -- Northwestern University issued the following news release: Amanda Morris EVANSTON, Ill. - A multi-institutional team of researchers, including two Northwestern University engineers, has received up to $34 million from the Advanced Research Projects Agency for Health (ARPA-H) to fast-track the development of a low-cost bioelectronic implant to treat patients with obesity and Type 2 diabetes, the agency announced today. The funding will support a six-year effort to  more

Youth Encouragement Services and Motorola Solutions Foundation Renovate Nashville Youth Centers
SCHAUMBURG, Illinois, Oct. 3 -- The Motorola Solutions Foundation issued the following news release: NASHVILLE - Youth Encouragement Services (YES), together with the Motorola Solutions Foundation and volunteers from the Motorola Solutions Galvin Masters sales organization, refreshed YES' Nashville-based youth centers. The upgrades, made October 2 during a dedicated day of service, include new paint, furniture and landscaping at the Carpenter's Square center and the installation of a sensory bo  more