Tuesday - April 22, 2025
State Tipoffs Involving Illinois Newsletter for Tuesday February 04, 2025 ( 15 items )  

$142.18M financing arranged for a fully leased 2.2M SF industrial and office portfolio
CHICAGO, Illinois, Feb. 3 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * $142.18M financing arranged for a fully leased 2.2M SF industrial and office portfolio PHOENIX, Feb. 3, 2025 - JLL Capital Markets announced today it has arranged $142.18 million in financing for a fully leased, 2.16-million-square-foot industrial portfolio spanning California, Florida, Georgia and Texas. The portfolio also inclu  more

$155M financing secured for multi-housing development Charlie: Hoboken Connect's mixed-use project
CHICAGO, Illinois, Feb. 3 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * $155M financing secured for multi-housing development Charlie: Hoboken Connect's mixed-use project MORRISTOWN, N.J., Feb. 3, 2025 - JLL Capital Markets announced today that it has secured $155 million in construction financing for, a 386-unit multifamily development in Hoboken, New Jersey. JLL represented the borrower, LCOR, In  more

9-property Extra Space Storage portfolio trades hands
CHICAGO, Illinois, Feb. 3 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * 9-property Extra Space Storage portfolio trades hands HOUSTON, Feb. 3, 2025 - JLL Capital Markets announced today that it has completed the sale of a nine-property, 5,180-unit self-storage portfolio in Midland and Odessa, Texas. JLL represented the seller, Extra Space Storage, and procured the buyer, AVAD Capital. The institu  more

Baxter Announces CEO Retirement and Appointment of COO
DEERFIELD, Illinois, Feb. 4 -- Baxter International, a health care company that focuses on products to treat hemophilia, kidney disease, immune disorders and other chronic and acute medical conditions, issued the following news release: * * * Baxter Announces CEO Retirement and Appointment of COO * Jose (Joe) E. Almeida to retire as Chair, President and Chief Executive Officer * Lead Independent Director Brent Shafer appointed Chair and Interim CEO * Board has initiated a comprehensive se  more

Forge at Glassworks sells for $57M in Aberdeen, New Jersey
CHICAGO, Illinois, Feb. 3 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * Forge at Glassworks sells for $57M in Aberdeen, New Jersey MORRISTOWN, N.J., Feb. 3, 2025 - JLL Capital Markets announced today that it has arranged the $57 million sale of The Forge at Glassworks, a 170-unit luxury market-rate community located in Aberdeen, Monmouth County, New Jersey. JLL represented the seller, Ingerman Grou  more

Greenberg Traurig Enhances Chicago Real Estate Practice With Addition of Daniel Elrod
CHICAGO, Illinois, Feb. 4 -- Greenberg Traurig, a law firm, issued the following news release: Global law firm Greenberg Traurig, LLP expanded its Real Estate capabilities with the addition of Daniel J. Elrod as a shareholder in its Chicago office. Elrod joins the firm from Katten Muchin Rosenman LLP. With more than a dozen years of legal experience, Elrod represents debt funds, life insurance companies, and institutional lenders in a wide range of commercial real estate transactions nationwid  more

Hyatt Announces Extension of Exclusivity Period With Playa Hotels & Resorts N.V.
CHICAGO, Illinois, Feb. 4 -- Hyatt Hotels Corp., a hospitality company, issued the following news release: * * * Hyatt Announces Extension of Exclusivity Period with Playa Hotels & Resorts N.V. CHICAGO (February 3, 2025) - Hyatt Hotels Corporation (the "Company" or "Hyatt") (NYSE: H) today announced it has extended its previously disclosed exclusivity agreement date with Playa Hotels & Resorts N.V. ("Playa") (NASDAQ: PLYA), under which Playa has agreed to negotiate exclusively with Hyatt rega  more

IDPH Advises Public to Be Vigilant as Flu Cases and Respiratory Virus Levels Tick Up
SPRINGFIELD, Illinois, Feb. 4 -- The Illinois Department of Public Health issued the following news: * * * IDPH Advises Public to be Vigilant as Flu Cases and Respiratory Virus Levels Tick Up Increase in ER Visits, Hospital Admissions is Driven by Flu; IDPH Urges Public To Quickly Seek Testing and Treatment if they Experience Flu-like Symptoms SPRINGFIELD/CHICAGO - The Illinois Department of Public Health (IDPH) announced that after a one-week dip, the state's overall respiratory illness lev  more

Investment Funds Lawyer Nabil Abou-Charaf Joins Kirkland & Ellis
CHICAGO, Illinois, Feb. 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is excited to announce that investment funds lawyer, Nabil Abou-Charaf, will join the Firm as a partner. "Nabil is a rising star in the funds world, with solid experience advising private and institutional investors with their investments in private equity funds and other investment vehicles," said Kamran Bajwa, Founding Partner and General Manager of Kirkland's Riyadh office and re  more

JLL facilitates the sale of 4135 Chesapeake Drive
CHICAGO, Illinois, Feb. 3 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * JLL facilitates the sale of 4135 Chesapeake Drive CHARLOTTE, Feb. 3, 2025 - JLL Capital Markets announced today the sale of 4135 Chesapeake Drive, a fully leased 281,585-square-foot industrial facility in Charlotte, North Carolina. JLL represented the seller, Time Equities, in the transaction. Located just four miles from Upt  more

Kirkland Advised Apollo Funds on Reorganization and Refinancing of The Restaurant Group
CHICAGO, Illinois, Feb. 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Apollo-managed funds in connection with a series of transactions for The Restaurant Group Limited ("TRG"), a leading UK restaurant operator, to reorganize TRG's three divisions into structurally separate silos under a holding company and refinance existing debt. As a result of the reorganization, the TRG business was structurally separated into (i) wagamama, the leading pan-  more

Kirkland Advises Greenbriar Equity Group on Arotech Sale
CHICAGO, Illinois, Feb. 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised private equity firm Greenbriar Equity Group on the sale of Arotech Corporation, an extended reality training and simulation solutions developer for military and law enforcement customers, to Albion River, a private direct investment firm focused on acquiring companies that produce highly technical defense products and services. The transaction was announced on February 3, 20  more

Kirkland Represents Silver Oak Services Partners on Closing of Single Asset Continuation Fund
CHICAGO, Illinois, Feb. 4 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Silver Oak Services Partners LLC on the recapitalization of portfolio company Smile Partners USA through a strategic investment from a new continuation fund. The continuation fund, managed by Silver Oak, is anchored by commitments from funds managed by BlackRock Secondaries & Liquidity Solutions and Hollyport Capital, with additional support from new and existing investors.   more

Lunar Rocks Help Scientists Pinpoint When the Moon Crystallized
CHICAGO, Illinois, Feb. 4 -- The University of Chicago issued the following news: * * * Lunar rocks help scientists pinpoint when the moon crystallized UChicago scientists study samples from Apollo missions, reveal new details about lunar history Even though humans have pondered the moon since the first of us looked skyward, there is still much we still don't know about it. One of these unsolved questions is its origin story. We think the moon formed after a colossal collision between Eart  more

Sociologist: 'Righteous indignation is known to fuel protest'
EVANSTON, Illinois, Feb. 3 -- Northwestern University issued the following news release: * * * Sociologist: 'Righteous indignation is known to fuel protest' EVANSTON, Ill. --- The Trump administration's flurry of executive orders is impacting decades of progress on civil rights, women's and LGBTQ rights and democratic principles, says Northwestern University social movements and protest expert Aldon Morris. The professor is available to speak to media and has provided the following quote: Q  more