Saturday - November 23, 2024
State Tipoffs Involving Illinois Newsletter for Friday November 01, 2024 ( 20 items )  

$75 Million Donation From AbbVie Foundation to Support UChicago Medicine's New Cancer Pavilion
CHICAGO, Illinois, Nov. 1 -- The University of Chicago issued the following news: The AbbVie Foundation, a nonprofit dedicated to addressing health inequities, has made a $75 million donation to the University of Chicago to support the construction of UChicago Medicine's new cancer pavilion--the first freestanding facility in Illinois dedicated to reshaping cancer care. The building, to be named the AbbVie Foundation Cancer Pavilion when it opens in 2027, reflects the shared mission of both or  more

A pediatric psychologist goes to war-torn Ukraine
EVANSTON, Illinois, Oct. 31 -- Northwestern University issued the following news release: CHICAGO - Looking at the drawings scattered across pediatric psychologist Dr. Lauren Potthoff's desk, most people would never guess they were drawn by children in war-torn Ukraine. Potthoff recently spent seven days in Kyiv to volunteer with Ukrainian-based Voices of Children, a nonprofit foundation that provides psychological, psychosocial and targeted humanitarian support to Ukrainian families and child  more

Forgetting may be a crucial step to remembering later
EVANSTON, Illinois, Oct. 31 -- Northwestern University issued the following news release: A period of forgetfulness that follows learning a new task might be a frustrating moment, but new research at Northwestern University reveals that the period of forgetfulness could just be the brain's normal process to memory formation.  It's well established that memory retention in humans follows one of three patterns after the learning period ends: it remains constant, declines or initially improves,   more

ILL. A.G. RAOUL ANNOUNCES TWO GENERIC DRUG PRICING SETTLEMENTS TOTALING MORE THAN $49 MILLION
CHICAGO, Illinois, Nov. 1 -- Illinois Attorney General Kwame Raoul issued the following news release on Oct. 31, 2024: * * * Raoul and National Coalition Reach First Two Settlements After Filing Three Lawsuits Over Conspiracies to Inflate Drug Prices, Limit Competition * * * Attorney General Kwame Raoul, with a bipartisan coalition of 50 attorneys general, today announced two significant cooperation agreements and settlements, with Heritage Pharmaceuticals (Heritage) and Apotex Corp. (Apote  more

Ill. Auditor General: 'Office of Architect of Capitol -- Compliance Examination'
SPRINGFIELD, Illinois, Nov. 1 -- The Illinois Auditor General issued the following compliance examination on Oct. 31, 2024, involving the Office of the Architect of the Capitol. Here are excerpts: * * * FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INADEQUATE CONTROLS OVER STATE PROPERTY The Office of the Architect of the Capitol (Office) did not exercise adequate controls over the recording and reporting of State property. During testing, we noted the following: * For two of three (67%) equ  more

Ill. Gov. Pritzker Announces 2nd Round of Applications for State-Designated Cultural Districts
CHICAGO, Illinois, Nov. 1 -- Gov. JB Pritzker, D-Illinois, issued the following news release on Oct. 30, 2024: Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced open applications for State-Designated Cultural Districts in Illinois. State-Designated Cultural Districts are communities, towns, or specific geographic areas that have a distinct shared historical and cultural identity that binds the community together. Once selected, the Stat  more

Jones Lang LaSalle: $12.25M Portfolio Financing Secured for San Diego Flex Industrial and Office Portfolio
CHICAGO, Illinois, Nov. 1 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets arranged the financing for the EOV Portfolio * * * LOS ANGELES, Oct. 31, 2024 - JLL Capital Markets announced today it has arranged $12.25 million in portfolio financing for Equity Oak Ventures ("EOV"). The EOV Portfolio is a four-building flex industrial, R&D and office portfolio in San Diego County, California, that was purchased all  more

Jones Lang LaSalle: $22M Financing Secured for the Development of a 224K Industrial Facility in Pennsylvania
CHICAGO, Illinois, Nov. 1 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets arranged the construction financing for 2401 W. Emaus Avenue * * * MORRISTOWN, N.J., Oct. 31, 2024 - JLL Capital Markets announced today that it secured $22 million in construction financing for the development of 2401 W. Emaus Avenue. The property, located in Allentown, Pennsylvania, will be a state-of-the-art, 224,000-square-foot war  more

Jones Lang LaSalle: Largest Phoenix Office Transaction of 2024 Closes
CHICAGO, Illinois, Nov. 1 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the sales efforts for 24th at Camelback II, which represents the largest metro Phoenix office sale since 2022 * * * PHOENIX, Oct. 31, 2024 - JLL Capital Markets announced today that it has arranged the sale of 24th at Camelback II, a Class A office asset totaling 306,877 square feet in Phoenix, Arizona. The transaction represents t  more

Jones Lang LaSalle: Savannah Gateway 1G Sells for $34.1M in Booming Industrial Market
CHICAGO, Illinois, Nov. 1 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets facilitated sale of fully leased Class A distribution center * * * ATLANTA, Oct. 31, 2024 - JLL Capital Markets announced today the $34.1 million sale of 1001 Gateway Parkway, a Class A distribution center in Rincon, Georgia, also known as Savannah Gateway 1G. JLL represented the seller, Broe Real Estate Group, the multi-billion-dolla  more

Kirkland Advises Bain Capital Private Equity and Cinven on STADA's Euros1.25 Billion Senior Secured Notes Offering
CHICAGO, Illinois, Nov. 1 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Bain Capital Private Equity and Cinven, through their portfolio company STADA, in connection with STADA's offering of Euros650 million in aggregate principal amount of senior secured notes due 2030 and Euros600 million in aggregate principal amount of senior secured floating rate notes due 2030. The proceeds of the offering of the notes were used to fund a partial redemption  more

Kirkland Advises Cinven on Reinvestment of Elliott in SYNLAB
CHICAGO, Illinois, Nov. 1 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis has advised Cinven on the acquisition of the shares in SYNLAB held by funds advised by Elliott Advisors (UK) Limited ("Elliott") and the simultaneous reinvestment of Elliott into SYNLAB via a holding entity controlled by Cinven. Through this transaction, Elliott will become an indirect minority shareholder in SYNLAB alongside existing shareholders Cinven, Qatar Holding LLC, a wholly  more

Kirkland Advises Silversmith Capital Partners and TMA Systems on MEX Acquisition
CHICAGO, Illinois, Nov. 1 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Silversmith Capital Partners and its portfolio company, TMA Systems, on the acquisition of MEX (Maintenance Experts). Like TMA Systems, MEX is a provider of advanced computerized maintenance management systems (CMMS). The MEX acquisition expands TMA Systems' geographic footprint and enhances its capabilities across multiple industries, including mining, manufacturing, energy  more

MAYER BROWN ADDS LEADING PRIVATE CREDIT PARTNER SHEEL PATEL AS HEAD OF NEW YORK PRIVATE CREDIT
CHICAGO, Illinois, Nov. 1 -- Mayer Brown, a law firm, issued the following news: * * * Sheel's arrival marks firm's continued growth of Private Credit practice and New York office * * * New York, October 31, 2024 - Mayer Brown announced today that prominent private credit lawyer Sheel Patel has joined the firm as a partner, where he will serve as head of the Private Credit practice in New York. Sheel joins from King & Spalding, where he was a key partner in its Private Credit and Special Sit  more

McDermott Will & Emery Announces 2024 Partner Promotions
CHICAGO, Illinois, Nov. 1 -- McDermott Will and Emery, a law firm, issued the following news release: International law firm McDermott Will & Emery announced that it has promoted 43 lawyers to partner and six to counsel, effective January 1, 2025. The class, of which nearly half are women, includes lawyers across 15 offices worldwide: Boston; Chicago; Dallas; Dusseldorf; Frankfurt; Los Angeles; Miami; Milan; Munich; New York; Paris; San Francisco; Silicon Valley; Washington, DC; and Wilmington.  more

Northwestern Library unveils Garry Marshall Collection public exhibition
EVANSTON, Illinois, Oct. 31 -- Northwestern University issued the following news release: For the first time, Northwestern University Library is showcasing dozens of items from the one-of-a-kind Garry Marshall Collection, documenting the life and work of the legendary TV and film writer, director and producer. This public exhibition offers a rare opportunity to explore the historic career of Marshall '56, a Northwestern alum who passed away in 2016.  Best known for creating iconic sitcoms lik  more

Pritzker School of Law: Bipartisan Experts Discuss Presidential Campaigns, Third Parties, and Voter Engagement at Knox Conversations
CHICAGO, Illinois, Nov. 1 -- The Northwestern University's Pritzker School of Law issued the following school news: On October 17, Northwestern Pritzker School of Law held its annual Knox Conversations, a discussion series featuring a bipartisan panel of incisive political thinkers and legal practitioners. During the second installment, titled "America, 2024, and a Political Reckoning?" Paul Begala, political commentator for CNN; Michael Steele, former Lt. Governor of Maryland and former chairm  more

Track Buyer Behavior on G2 and Attribute to Revenue and ROI With New Integrations
CHICAGO, Illinois, Nov. 1 -- G2 issued the following statement on Oct. 31, 2024, by Rachel Gianfredi, principal product marketer: * * * Understanding and attributing every step of a buyer's journey to actual revenue can be a formidable challenge. To help tackle this, G2 recently partnered with three leading attribution partners: Dreamdata, Factors.ai, and HockeyStack. These integrations are set to empower SaaS marketers by offering simplified approaches to multi-touch and various attribution  more

University statement on Republican Staff Report
EVANSTON, Illinois, Oct. 31 -- Northwestern University issued the following news release: There is no place for antisemitism, Islamophobia, anti-Israeli or anti-Palestinian hate, or any form of identity-based discrimination or hate at Northwestern University. Free expression and academic freedom are among our core values, but we have made clear that these values provide no excuse for behavior that threatens the well-being of others. The Republican Staff Report remains focused on events that we  more

WellSky Strengthens DME/HME Offerings by Acquiring Leading Software Provider Bonafide
CHICAGO, Illinois, Nov. 1 -- Barack Ferrazzano, a law firm, issued the following news release: The BFKN Corporate & Securities Group served as legal counsel to WellSky Corporation, a leader in health and community care technology, in its acquisition of Bonafide Medical Group, a prominent enterprise software provider for the durable medical equipment (DME) and home medical equipment (HME) sectors. This acquisition further strengthens WellSky's position within the DME/HME market by expanding its  more