Sunday - November 24, 2024
State Tipoffs Involving Illinois Newsletter for Tuesday October 08, 2024 ( 28 items )  

'Voter suppression has a long and troubling history in the US,' expert says
EVANSTON, Illinois, Oct. 7 -- Northwestern University issued the following news release: With the U.S. Presidential election just weeks away, efforts to purge voter rolls in key battleground states have prompted concern from the Department of Justice regarding possible violations of federal rules governing registered voter lists. With the DOJ seeking to root out the ruler-breakers, voters are also absorbing details from the recent unsealing of the indictment against former President Donald Tru  more

**CONSUMER ALERT** ATTORNEY GENERAL RAOUL AND ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION WARN OF NEW SCAM TARGETING STUDENT LOAN BORROWERS
CHICAGO, Illinois, Oct. 7 -- Illinois Attorney General Kwame Raoul issued the following news release: Attorney General Kwame Raoul and the Illinois Department of Financial and Professional Regulation (IDFPR) Division of Banking today issued a warning alerting student loan borrowers of a new scam that seeks to take advantage of uncertainty around student loans. According to Raoul and IDFPR, scammers contact student loan borrowers and make false promises that they can guarantee lower monthly paym  more

Consolidated Communications Shares New Resources to Encourage Online Safety During Cyber Security Awareness Month
MATTOON, Illinois, Oct. 8 -- Consolidated Communications, a broadband and business communications provider, issued the following news release: * * * New resources provide critical safety information for seniors and parents; Highlighting the need for digital education for newly connected communities * * * Consolidated Communications a leading fiber provider, is sharing a suite of new educational resources to encourage good online safety practices throughout October during Cyber Security Awar  more

Families That Travel Together Stay Together: Destination by Hyatt Introduces New Limited-Time Programming for Multigenerational Families to Inspire Rekindling Familial Connections
CHICAGO, Illinois, Oct. 8 -- Hyatt Hotels Corp., a hospitality company, issued the following news release: * * * Recognizing that planning is a key challenge for multigenerational trips, the "Roots to Reunion" program, available at popular vacation destinations like Hawaii and the UK, is designed for families of all ages with the help of a dedicated "Family Travel Expert." * * * The Destination by Hyatt brand, a diverse global collection of hotels, resorts and residences that embody the true  more

Ill. Gov. Pritzker: New I-55 Interchange at Illinois 59 Opening Today, Enhances Safety, Mobility, Economic Growth in Will County
WILL COUNTY, Illinois, Oct. 8 -- Gov. JB Pritzker, D-Illinois, issued the following news release on Oct. 7, 2024: * * * Rebuild Illinois: Full access interchange part of $93.5 million investment * * * Gov. JB Pritzker and the Illinois Department of Transportation announced today that a $93.5 million project to reconstruct a new interchange at Interstate 55 and Illinois 59 with other corridor improvements is nearing completion and will be opening to traffic, another major investment in Will C  more

Ill. Senate Democrats: Edly-Allen - Illinois State Beach Park Shoreline Stabilization Project is a Major Success
SPRINGFIELD, Illinois, Oct. 8 -- The Illinois Senate Democrats issued the following news on Oct. 7, 2024: ZION -- State Senator Mary Edly-Allen (D-Libertyville) alongside Governor JB Pritzker and elected local officials across the Lake County area came together Monday to celebrate the milestone of the Illinois State Beach Park Shoreline Stabilization project's completion with a ribbon cutting. Illinois Beach State Park required immediate intervention to restore the natural lakefront, which was  more

Ill. Senate Democrats: Koehler Announces Nearly $8 Million in Funding for Supermarkets in Food Deserts
SPRINGFIELD, Illinois, Oct. 8 -- The Illinois Senate Democrats issued the following news: PEORIA - Thanks to State Senator Dave Koehler's support of the Illinois Grocery Initiative, a Peoria supermarket and 10 other stores across the state have received $8 million in combined funding to fight food insecurity. "It has been difficult to fill the void of grocery stores that have been in our neighborhood for years and have suddenly closed--leaving people without a routine source for their essentia  more

Ill. Senate Democrats: New Grocery Stores Coming to Illinois Food Deserts Thanks to Belt's Grocery Initiative Act
SPRINGFIELD, Illinois, Oct. 8 -- The Illinois Senate Democrats issued the following news: PEORIA - The Illinois Department of Commerce and Economic Opportunity announced 11 awards totaling $7.9 million through the Illinois Grocery Initiative New Stores and Equipment Upgrades Grant Programs to address food deserts and prevent grocery store closures in Illinois. "Ensuring all communities have access to fresh, quality food is not just a priority - it's a necessity," said State Senator Christopher  more

Illinois Eastern Community Colleges and Millikin University Partner to Create Seamless Pathways for Students
DECATUR, Illinois, Oct. 8 -- Millikin University issued the following news: * * * Students can complete their general education and foundational courses at IECC at a lower cost before transitioning to Millikin to finish their bachelor's degrees. * * * By Matthew Flaten Illinois Eastern Community Colleges (IECC) and Millikin University have announced a new partnership designed to make earning a four-year degree more accessible, affordable, and achievable for students across the region. This  more

JLL Capital Markets Closes the Forward Sale of Premier Charlotte Industrial Park
CHICAGO, Illinois, Oct. 8 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Cabot Properties acquires a two-building Class A 821K SF industrial development * * * CHARLOTTE, Oct. 7, 2024 - JLL Capital Markets announced today the sale of Buildings A and C at 77 Beltway Industrial Park - a two-building industrial development totaling 821,409 square feet in Huntersville, North Carolina. JLL represented the seller, Indianapolis-based  more

JLL Capital Markets Facilitates Financing for Prime Student Housing in San Marcos
CHICAGO, Illinois, Oct. 8 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Oct. 7, 2024: * * * The Timbers, a 155-unit complex near Texas State University, demonstrates strong performance with 99.6% occupancy * * * JLL Capital Markets announced today that it has successfully secured refinancing for The Timbers, a 155-unit, 253-bed student housing complex in San Marcos, Texas. JLL worked on behalf of the borrower, Orion Real Estate   more

JLL Completes Sale of Four-Property Self-Storage Portfolio to Uhaul
CHICAGO, Illinois, Oct. 8 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * The facilities are located in densely populated, large MSAs of the Twin Cities and Kansas City * * * MINNEAPOLIS, MN, Oct. 7, 2024 - JLL Capital Markets announced today that it has completed the sale of a four-property self-storage portfolio totaling 3,345 units in the metropolitan areas of the Twin Cities, Minnesota, and Kansas City, Kansas. JLL's Self   more

Jones Lang LaSalle: $73M Financing Secured From Bank OZK for Traer Creek Apartments in Avon, Colorado
CHICAGO, Illinois, Oct. 8 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets facilitates funding for Class A multi-housing development near Beaver Creek and Vail Resorts * * * DENVER, Oct. 7, 2024 - JLL Capital Markets announced today that it has secured $73 million in construction financing from Bank OZK for Traer Creek Apartments, a 242-unit, class A, podium multi-housing development in Avon, Colorado. JLL r  more

Kirkland & Ellis Expands Antitrust Practice With Former Federal Trade Commission Attorney Stephen Mohr
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is pleased to announce that Stephen Mohr, a leading antitrust lawyer and former senior Federal Trade Commission (FTC) attorney, has joined the Firm as a partner. "Steve is a talented lawyer with significant experience reviewing complex transactions and overseeing litigation and investigations during his many years of distinguished service for the FTC," said Jon A. Ballis, chairman o  more

Kirkland Advises BC Partners on IPO of Springer Nature
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advises BC Partners on the IPO of Springer Nature. The offer consists of newly issued shares from a capital increase of Euros200 million and the sale of existing shares held by BC Partners. The shares of Springer Nature are being traded on the Prime Standard of the Frankfurt Stock Exchange (ticker symbol: SPG) since 4 October 2024. Springer Nature is a leading global publisher for   more

Kirkland Advises Butterfly on $1.95B Take-Private Acquisition of Duckhorn Portfolio
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised private equity firm Butterfly Equity on a definitive agreement to purchase North America's premier luxury wine company The Duckhorn Portfolio (NYSE: NAPA) in an all-cash transaction that values the company at $1.95 billion. The transaction was announced October 7, 2024. Under the terms of the agreement, Duckhorn shareholders will receive $11.10 per share in cash. Following t  more

Kirkland Advises Fulham Football Club in Connection With Redevelopment of Craven Cottage Stadium
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis has advised Fulham Football Club in connection with the redevelopment of Craven Cottage Stadium, including the Club's new state-of-the-art Riverside Stand. Fulham Football Club compete in the English Premier League. The Kirkland team included transactional lawyers Jonathan Birks, Dan Borg and Peter Chandler; and tax lawyer Mavnick Nerwal. * * * Original text here: https://www.ki  more

Kirkland Advises Shore Capital Partners on Almost $2B Closing Across 3 Funds
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis counseled Shore Capital Partners, a private equity firm focused on lower-middle market investments, on the closing of its inaugural Healthcare Advantage Fund, second Business Services Partners Fund, and first Shore Search Partners Fund. The three funds each exceeded their targets and together represent over $1.9 billion in commitments, bringing the Firm's assets under management to   more

Kirkland Represents Edding Group on Its Proposed Merger and Reverse Takeover With Genor Biopharma
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is representing Edding Group Company Limited, an integrated biopharmaceutical company focusing on research, development and commercialization of promising therapeutics in areas with considerable demand in the PRC, in connection with a proposed merger and reverse takeover with Genor Biopharma Holdings Limited, a Hong Kong-listed biopharmaceutical company under Chapter 18A that focuses  more

MAYER BROWN ADVISES ULLICO ON ACQUISITION OF TEXAS PIPELINE
CHICAGO, Illinois, Oct. 8 -- Mayer Brown, a law firm, issued the following news: Mayer Brown represented Ullico Infrastructure Fund (UIF), an infrastructure investment fund managed by Ullico Investment Advisors, Inc., in its acquisition of a majority equity interest in Vista Ridge, LLC from affiliates of Ridgewood Infrastructure, LLC. Vista Ridge is the largest operating water public-private partnership in the United States. The Vista Ridge water pipeline delivers approximately 20% of San Anto  more

McDermott Advises H.I.G. Infrastructure on Acquiring Controlling Interest in Polar DC Group
CHICAGO, Illinois, Oct. 8 -- McDermott Will and Emery, a law firm, issued the following news release: International law firm McDermott Will & Emery advised one of the affiliates of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $65 billion of capital under management, on acquiring a controlling interest in PolarDC Group Limited ("Polar" and "The Company"). McDermott's team was led by partner Fatema Orjela and included counsel Elisa De Carolis with associates Arjun  more

McDermott Represents SubjectWell in Its Cross-Border Acquisition of Trials24
CHICAGO, Illinois, Oct. 8 -- McDermott Will and Emery, a law firm, issued the following news release: International law firm McDermott Will & Emery represented SubjectWell, a Texas-based provider of the most accurate, diverse, predictable, and patient-centric patient recruitment platform and portfolio company of Windrose Health Investors (WindRose), in its acquisition of Germany-based Trials24, provider of global digital patient recruitment solutions. This strategic partnership will connect pat  more

McKendree's Division of Nursing Awarded $980,000 Federal Grant to Address Nursing Education Shortage in Rural, Underserved Areas in Southern Illinois
LEBANON, Illinois, Oct. 8 -- McKendree University issued the following news release: McKendree University's Division of Nursing was recently awarded $980,000 from Congressionally Directed Spending (CDS), which Senator Dick Durbin secured as part of the 2024 fiscal year's Consolidated Appropriations Act. This grant pays the tuition cost for 60 students who have been enrolled in McKendree's MSN nurse educator program. The Building a Rural Nurse Educator Workforce through Academic-Practice Partne  more

Private Equity Lawyer Sebastian Pitz Joins Kirkland & Ellis in Frankfurt
CHICAGO, Illinois, Oct. 8 -- Kirkland and Ellis, a law firm, issued the following news release on Oct. 7, 2024: Kirkland & Ellis announced today that private equity lawyer Sebastian Pitz will join the Firm as a partner based in the Frankfurt office. "Sebastian is one of the leading young partners in the German market with significant experience advising on complex alternative capital transactions," said Jon A. Ballis, Chairman of Kirkland's Executive Committee. "We're very excited that Sebasti  more

RSM Obtains Workiva Carbon Certification to Help Clients Meet Evolving Global Climate Regulations
CHICAGO, Illinois, Oct. 8 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release on Oct. 7, 2024: RSM US LLP ("RSM") - the leading provider of assurance, tax and consulting services for the middle market - announced today that it has expanded its relationship with Workiva, the global leader in assured integrated reporting, through its new Workiva Carbon certification. This certification enhances RSM's digital implementation capabilities across environmenta  more

UChicago Researchers Use New Method of Finding Atmospheres in Distant Planets
CHICAGO, Illinois, Oct. 8 (TNSres) -- The University of Chicago issued the following news: * * * New study makes strides in search for habitable planets * * * By Claire Levin It is a major goal of astronomical research to find planets other than Earth that might be suitable for sustaining life. There are a number of factors which many scientists agree are essential to a planet being habitable, but an important one is whether or not a planet has an atmosphere. Scientists have found other ro  more

University of Illinois-Chicago: Despite Medical Advances, Life Expectancy Gains are Slowing
CHICAGO, Illinois, Oct. 8 (TNSres) -- The University of Illinois Chicago campus issued the following news release: We've seen dramatic increases in life expectancy over the 19th and 20th centuries, thanks to healthier diets, medical advances and many other quality-of-life improvements. But after nearly doubling over the course of the 20th century, the rate of increase has slowed considerably in the last three decades, according to a new study led by the University of Illinois Chicago. Despite  more

Wealth Management Complexity Drew GTCR to AssetMark: Michael Hollander
CHICAGO, Illinois, Oct. 8 -- GTCR, a private equity firm, issued the following news release on Oct. 7, 2024: * * * AssetMark is set to buy Morningstar Wealth's turnkey asset management platform in a deal announced in June and expected to close later this year * * * The wealth management space is becoming increasingly complex, and advisers are looking for more tools and services to navigate the sector deftly. To tap the rising demand, GTCR earlier in September announced the closing of its acq  more