Wednesday - April 23, 2025
State Tipoffs Involving Illinois Newsletter for Wednesday January 29, 2025 ( 17 items )  

$41.65M financing secured for premier grocery-anchored center in Chicago suburb
CHICAGO, Illinois, Jan. 28 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * $41.65M financing secured for premier grocery-anchored center in Chicago suburb NEW YORK, Jan. 28, 2025 - JLL Capital Markets announced today that it has secured a $41.65 million financing of Danada Square West, a 314,819-square-foot grocery-anchored shopping center in Wheaton, Illinois. JLL represented the borrower, DLC, in a  more

Ameren Illinois Continuing Natural Gas Upgrades in Tilton
ST. LOUIS, Missouri, Jan. 29 -- Ameren, a provider of electric power services, issued the following news release: * * * $2.0 million project will be completed by late September * * * TILTON, IL (January 28, 2025) - Ameren Illinois customers in Tilton will see energy at work firsthand throughout the spring and summer as crews replace vintage steel pipeline and natural gas services with modern, corrosion-resistant polyethylene material. Crews working on behalf of Ameren Illinois will upgrade   more

Destination by Hyatt Brand Set to Debut in Mississippi With Okhissa Lake Lodge in 2027
CHICAGO, Illinois, Jan. 29 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Jan. 28, 2025: * * * Nestled on the picturesque 1,200-acre spring-fed lake, Okhissa Lake Lodge will provide a nature-inspired retreat that will capture the essence of outdoor and recreational living * * * Hyatt Hotels Corporation (NYSE: H) and the Scenic Rivers Development Alliance today announced the planned debut of Okhissa Lake Lodge as the first Destination by Hyatt brand hotel i  more

Free Tax Preparation Available to Local Community Through Olivet's VITA Program
BOURBONNAIS, Illinois, Jan. 28 -- Olivet Nazarene University issued the following news: * * * Free Tax Preparation Available to Local Community Through Olivet's VITA Program Olivet Nazarene University continues its tradition of community service by offering free tax preparation assistance to residents of Bourbonnais, Bradley and Kankakee through the Volunteer Income Tax Assistance (VITA) program. This valuable service, coordinated by the McGraw School of Business, provides qualified individua  more

Global hotel investment volume forecasted to increase by 15% to 25% in 2025
CHICAGO, Illinois, Jan. 28 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Global hotel investment volume forecasted to increase by 15% to 25% in 2025 CHICAGO, Jan. 28, 2025 - JLL's Hotels & Hospitality Group has released its annual Global Hotel Investment Outlook, projecting a 15% to 25% increase in global hotel investment volume compared to 2024. The report highlights the industry's resilience and po  more

Hyatt Evolves Brand Portfolios, Continues Growth Momentum With Record Pipeline of Approximately 138,000 Rooms
CHICAGO, Illinois, Jan. 29 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Jan. 27, 2025: * * * Hyatt Studios brand expects first hotel opening in Q1; Lifestyle Portfolio pipeline grows by nearly 50% year-over-year * * * Hyatt Hotels Corporation (NYSE: H) today announced a record pipeline of approximately 138,000 rooms as of year-end 2024, alongside a strategic brand realignment designed to enhance owner returns and accelerate growth. By evolving its brand   more

Hyatt's Newest Inclusive Collection Brand Expands With Plans for Hyatt Vivid Punta Cana
CHICAGO, Illinois, Jan. 29 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on Jan. 28, 2025: * * * The 500-room, adults-only resort will mark the first Hyatt Vivid Hotels & Resorts branded property in the Dominican Republic * * * Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt has entered into a management agreement with Anacaona de Inversiones for a new Hyatt Vivid branded flagship resort in the Dominican Republic that is expected to open by yea  more

Ill. Gov. Pritzker Announces Third Cohort of Governor's Office Academy of Leadership
SPRINGFIELD, Illinois, Jan. 29 -- Gov. JB Pritzker, D-Illinois, issued the following news release on Jan. 28, 2025: * * * Program advances excellence in public service leadership * * * Governor JB Pritzker and the Department of Central Management Services (CMS) announced the participants selected for the 2025 cohort of the Governor's Office Academy of Leadership (G.O.A.L.) program. The highly competitive program serves as a professional development opportunity for mid-level leaders across St  more

Kirkland Advises Engine No. 1 on Partnership With Chevron to Power U.S. Data Centers
CHICAGO, Illinois, Jan. 29 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Engine No. 1 on the formation of a partnership with Chevron U.S.A. Inc. (NYSE: CVX) to build a new company to develop scalable, reliable power solutions for United States-based data centers running on U.S. natural gas. The joint development, in conjunction with GE Vernova (NYSE: GEV), plans to directly address the need for affordable, reliable energy to meet the significant  more

Kirkland Advises FTV Capital on $4.05 Billion Growth Equity Fundraise
CHICAGO, Illinois, Jan. 29 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised growth equity investment firm FTV Capital on the successful close of both FTV VIII, L.P., the firm's latest flagship fund and FTV Ascend I, L.P., a new vehicle dedicated to smaller investments. Each fund oversubscribed with FTV VIII closing with total commitments of $3.4 billion and FTV Ascend I closing with total commitments of $651 million. The funds are both focused on c  more

Marcus & Millichap Announces Sale, Financing of 22-Suite Retail Center in Illinois
NAPERVILLE, Illinois, Jan. 29 -- Marcus and Millichap issued the following news release on Jan. 27, 2025: Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 22-suite retail property located in Naperville, Illinois. The property sold for $6,995,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged the financing. "This  more

Marcus & Millichap Arranges $2.7M Sale of 10-Suite Retail Strip in Pekin, Illinois
PEKIN, Illinois, Jan. 29 -- Marcus and Millichap issued the following news release on Jan. 27, 2025: Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Crossroads Centre, a 10-suite retail strip property located in Pekin, Illinois for $2.7 million. Chris Garavaglia, Alex Perez, Jacob Dunaway and Austin Sweet, investment specialists in Marcus & Millichap's St. L  more

Microbial therapy offers new hope for vitiligo patients
EVANSTON, Illinois, Jan. 28 -- Northwestern University issued the following news release: * * * Microbial therapy offers new hope for vitiligo patients * Link to: Northwestern Now Story * 'Astonishing' findings in mice suggest microbial product could restore skin pigmentation * Offers hope for a disease that affects all skin tones, but is more visible and severe in darker skin * Vitiligo affects 0.5% to 2% of the global population * Patients available for interviews upon request   more

Nevada skilled nursing facility trades for $33M
CHICAGO, Illinois, Jan. 28 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Nevada skilled nursing facility trades for $33M LAS VEGAS, Jan. 28, 2025 - JLL Capital Markets announced today that it has completed the $33 million sale of Coronado Ridge Skilled Nursing and Rehabilitation Center (formerly known as Horizon Ridge), a 121-bed skilled nursing facility in Henderson, Nevada. JLL's Seniors Housing   more

Rhaeos Signs New Lease at Trammell Crow Co. Fulton Labs in Chicago for Lab-Ready Graduation Suite
CHICAGO, Illinois, Jan. 29 -- Trammell Crow Co., a developer and investor in commercial real estate, issued the following news release on Jan. 28, 2025: Trammell Crow Company (TCC), a leading real estate developer, announced today that it has signed a new lease within its Fulton Labs life science campus for Rhaeos. The clinical-stage medical device technology company will occupy 7,344 square feet within a lab-ready graduation suite on the fifth floor of 400 North Aberdeen in Chicago's Fulton Ma  more

Strength & Hope Campaign | Impact Update
BOURBONNAIS, Illinois, Jan. 28 -- Olivet Nazarene University issued the following news: * * * Strength & Hope Campaign | Impact Update You're part of something significant -- for the students at Olivet Nazarene University! Year 2 of the Campaign for Olivet marks inspiring progress toward the multiple goals and priorities of our University's mission. Dr. Gregg Chenoweth, president, says, "This report is encouraging, and it is personal. Accompanied by every progress update are stories of impa  more

Trans people may face more violence due to executive order on 'gender ideology'
EVANSTON, Illinois, Jan. 28 -- Northwestern University issued the following news release: * * * Trans people may face more violence due to executive order on 'gender ideology' CHICAGO --- Though Northwestern University experts across fields fear that President Trump's executive order regarding gender could exacerbate violence, discrimination and harassment of transgender people, legally, the document is "largely unworkable," according to Northwestern Professor of Law Kara N. Ingelhart. "The  more