Saturday - November 23, 2024
State Tipoffs Involving Illinois Newsletter for Tuesday November 05, 2024 ( 19 items )  

Allstate and Arlo Team Up to Boost Home Protection Just in Time for the Holidays
NORTHBROOK, Illinois, Nov. 5 -- Allstate, a property and casualty insurance company, issued the following news release: * * * New Arlo Total Security bundle for Allstate combines professional monitoring, hardware, and device protection. * * * As the holiday season nears, Allstate and Arlo, a leading smart home security brand, are introducing a smarter way to protect homeowners with The Arlo Total Security bundle for Allstate. "This exclusive package, offered at a special reduced price, help  more

AluaSoul Costa Adeje, Part of Hyatt's Inclusive Collection, Debuts in Spain's Canary Islands
CHICAGO, Illinois, Nov. 5 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Nov. 4, 2024: * * * The 226-room adults-only hotel, located on the southern coast of Tenerife, offers travelers the opportunity to explore local attractions and activities while enjoying the conveniences of an all-inclusive hotel. * * * Hyatt Hotels Corporation (NYSE: H) announced today the opening of AluaSoul Costa Adeje in Tenerife. The opening further expands Hyatt's brand presence  more

Hyatt Announces Thompson Playa Del Carmen Main House and Beach House to Be Rebranded as Hyatt Centric Playa Del Carmen
CHICAGO, Illinois, Nov. 5 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Nov. 4, 2024: * * * The lifestyle hotel is expected to resume operations as a Hyatt Centric branded hotel by the end of the year, marking the second Hyatt Centric property in Mexico * * * Hyatt Hotels Corporation (NYSE: H) announced today the planned rebranding of Thompson Playa del Carmen Main House and Beach House to Hyatt Centric Playa del Carmen. The hotel is expected to welcome g  more

Hyatt Centric Debuts in Malta
CHICAGO, Illinois, Nov. 5 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Nov. 4, 2024: * * * The 170-room lifestyle hotel connects guests with three unique UNESCO World Heritage sites * * * Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Centric Malta, marking the exciting debut of the Hyatt Centric brand in Malta. As the seventh Hyatt Centric in Europe, this expansion reflects Hyatt's accelerated brand presence in countries borderi  more

ILL. A.G. RAOUL ASSIGNS TEAMS TO MONITOR GENERAL ELECTION
CHICAGO, Illinois, Nov. 5 -- Illinois Attorney General Kwame Raoul issued the following news release on Nov. 4, 2024: Attorney General Kwame Raoul today announced that more than 200 teams of assistant attorneys general and investigators from his office will be monitoring the general election throughout Illinois on Tuesday, Nov. 5. It has been the Attorney General's office's longstanding practice to monitor Election Day in Illinois to ensure that voters' rights are protected and polling places a  more

JLL Capital Markets Arranges Sale of 1.13 Million-Square-Foot Class A Industrial Building in South Carolina
CHICAGO, Illinois, Nov. 5 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Building D at Camp Hall Commerce Center is a state-of-the-art logistics property fully leased to a global car manufacturer * * * CHARLOTTE, N.C., Nov 4, 2024 - JLL Capital Markets announced today the sale of Building D at Camp Hall Commerce Center, Campus 4. The Class A, state-of-the-art, 1,128,120-square-foot industrial facility is located in Ridgeville,  more

JLL Completes Recapitalization of $725M Seniors Housing Portfolio
CHICAGO, Illinois, Nov. 5 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * The 20-asset portfolio is in high-growth markets across the Sunbelt, Northeast and Midwest markets * * * BOSTON, Nov. 4, 2024 - JLL's Seniors Housing Capital Markets and M&A teams announced today that they have arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets. Working   more

Jones Lang LaSalle: Generational Redevelopment Opportunity for Sale in Center City Philadelphia
CHICAGO, Illinois, Nov. 5 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL has been retained by the Chapter 7 Trustee to market for sale the nine properties owned by The University of the Arts * * * PHILADELPHIA, Nov. 4, 2024 - JLL announced today that it has been retained to arrange the sale of The University of the Arts portfolio, a nine-property, 760,000-square-foot campus located in Center City, Philadelphia. JLL is mar  more

Jones Lang LaSalle: Newly Constructed Industrial Park in San Antonio, Texas Sold
CHICAGO, Illinois, Nov. 5 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the sales efforts for Eisenhauer North Business Park, a three-building Class A industrial park * * * SAN ANTONIO, Nov. 4, 2024 - JLL Capital Markets announced today the sale of Eisenhauer North Business Park, a newly constructed, three-building industrial park totaling 458,439 square feet in San Antonio, Texas. JLL represented the  more

Kirkland Advises Azenta on Cooperation Agreement With Politan Capital
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Azenta, Inc. (Nasdaq: AZTA) on a cooperation agreement with Politan Capital Management. As part of the cooperation agreement, Quentin Koffey, chief investment officer of Politan, is joining the board as an independent director, and Azenta and Politan agreed to customary standstill, voting and other commitments. Azenta also announced the appointment of two additional independ  more

Kirkland Advises Boeing on Close of $24.25 Billion Equity Offering Marking Largest Follow-On in History
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis led the $24.25 billion underwritten concurrent public offerings by The Boeing Company (NYSE: BA), one of the world's major aerospace firms and a leading manufacturer of commercial airplanes and defense, space and security systems. In the concurrent offerings that closed last week, Boeing issued 129,375,000 shares of common stock at a public offering price of $143.00 per share and $5.  more

Kirkland Advises Francisco Partners on Strategic Growth Investment in Evite
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, on its strategic growth investment in Evite, the world's leading digital platform for bringing people together. CEO David Yeom will continue to lead Evite and remain a significant equity holder. The transaction closed in October 2024 and financial terms are not bei  more

Kirkland Advises Improving on Acquiring Leniolabs
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented Improving, a modern digital services company, on acquiring Leniolabs, a software development company leveraging nearshore talent in Chile and Argentina as well as a development center in Spain. The transaction is expected to increase Improving's annualized revenue to exceed $265 million and expand Improving's development services into South America. Read Improving's pre  more

Kirkland Counsels Pelican Energy Partners on Final Closing of Oversubscribed Inaugural Nuclear Energy Fund
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented Pelican Energy Partners on the successful closing of Pelican Base Zero at $450 million, far exceeding its target of $300 million and initial hard cap of $400 million. The Fund is committed to growing and improving nuclear services companies, which are critical to sustaining and enhancing the installed nuclear power generation base. As of the final close date, the Fund h  more

Kirkland Represents NexCore in Acquisition of DWC Mechanical
CHICAGO, Illinois, Nov. 5 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised NexCore, a commercial HVAC service platform backed by Dallas-based private equity firm, Trinity Hunt Partners, in its acquisition of Buffalo-based DWC Mechanical, Inc. DWC will continue to be managed by its current management team led by Dave Cloy (President) and Rich Wagner (Vice President of Installation). DWC joins Kennedy Mechanical and Ryan Plumbing & Heating as the th  more

MAYER BROWN EXPANDS PRIVATE EQUITY CAPABILITIES WITH ADDITION OF JONATHAN A. DHANAWADE IN CHICAGO
CHICAGO, Illinois, Nov. 5 -- Mayer Brown, a law firm, issued the following news: Mayer Brown announced today that Jonathan A. Dhanawade has joined the firm as a partner in its global Private Equity and Mergers & Acquisitions practices in Chicago. Jonathan joins from Paul Hastings. "We are excited to have Jonathan join our well-respected private equity and M&A teams," said Ameer Ahmad, co-leader of Mayer Brown's global Private Equity practice. "His extensive experience representing private equi  more

N.C. A.G. Josh Stein Finalizes $1.37 Billion Opioid Settlement With Kroger
RALEIGH, North Carolina, Nov. 5 -- North Carolina Attorney General Josh Stein issued the following news release on Nov. 4, 2024: Attorney General Josh Stein announced today that he and 30 bipartisan Attorneys General finalized a $1.37 billion settlement with Kroger addressing the grocery chain's pharmacies' role in the opioid crisis. Under the agreement, North Carolina will receive $40 million for opioid abatement. Payments are expected to begin early next year. Attorney General Stein led the s  more

Trammell Crow Company Breaks Ground on 788,000 SF Speculative Warehouse in Chicagoland
DALLAS, Texas, Nov. 5 -- Trammell Crow Co., a developer and investor in commercial real estate, issued the following news release: Trammell Crow Company (TCC), a global real estate developer, has broken ground on a 788,000-square-foot speculative cross-dock warehouse in Plainfield, Illinois, approximately 40 miles southwest of downtown Chicago. The building will be the first speculative warehouse in Plainfield Business Center and is expected to deliver in the fall of 2025. Located on approxima  more

WIU Agriculture Alumni and Students Honored at National FFA Convention
MACOMB, Illinois, Nov. 5 -- Western Illinois University issued the following news release: Western Illinois University Agriculture (Ag) alumni and students were recognized nationally for their leadership, achievements and dedication to advancing agricultural education at the 2024 National FFA Convention. WIU alumni were integral to this year's top awards, with both current agriculture educators and active students receiving significant honors. The Cambridge FFA Chapter, led by WIU alumnus Tren  more