Saturday - April 19, 2025
State Tipoffs Involving Illinois Newsletter for Thursday February 27, 2025 ( 27 items )  

$142.7M construction financing and equity placement arranged for multifamily development in Bergen-Lafayette
CHICAGO, Illinois, Feb. 26 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * $142.7M construction financing and equity placement arranged for multifamily development in Bergen-Lafayette MORRISTOWN, N.J., Feb. 26, 2025 - JLL Capital Markets announced today that it has arranged a $142.7 million construction loan and equity placement for Scholars Village, a 500-unit Class A multifamily development in Jersey  more

$15.9M financing secured for hotel-to-multifamily conversion in Gresham, Oregon
CHICAGO, Illinois, Feb. 26 [Category: BizReal Estate] -- Jones Lang LaSalle, a real estate and investment management company, posted the following news release: * * * $15.9M financing secured for hotel-to-multifamily conversion in Gresham, Oregon SEATTLE, Feb. 26, 2025 - JLL Capital Markets announced today that it has secured a $15.9 million financing for Woodland Flats, a 120-unit hotel-to-multifamily conversion project in Gresham, Oregon. JLL worked on behalf of the borrower, PH Developme  more

Allstate Announces Quarterly Dividend and Share Repurchase Authorization
NORTHBROOK, Illinois, Feb. 27 -- Allstate, a property and casualty insurance company, issued the following news release: * * * Allstate announces quarterly dividend and share repurchase authorization NORTHBROOK, Ill., Feb. 26, 2025 - The Allstate Corporation (NYSE: ALL) announced that its board of directors approved a quarterly common stock dividend of $1.00 on Feb. 26, 2025, which is an increase of $0.08, or 8.7%, per share compared to last quarter. Allstate also declared the payment of quar  more

ATTORNEY GENERAL KWAME RAOUL URGES CONGRESS TO END BASELESS NATIONAL ENERGY EMERGENCY
CHICAGO, Illinois, Feb. 26 -- Illinois Attorney General Kwame Raoul issued the following news release: * * * ATTORNEY GENERAL KWAME RAOUL URGES CONGRESS TO END BASELESS NATIONAL ENERGY EMERGENCY Chicago - Attorney General Kwame Raoul, along with nine state attorneys general, sent a letter to the U.S. Senate Committee on Energy and Natural Resources urging full consideration and support for Senate Joint Resolution 10, which would terminate the national energy emergency declared by President Tr  more

Belfast gets new future-proof connectivity from Fidium
MATTOON, Illinois, Feb. 26 [Category: BizTelecommunications] -- Consolidated Communications, a broadband and business communications provider, posted the following news release: * * * Belfast gets new future-proof connectivity from Fidium Fidium's expansion brings all-fiber network access to more than 5,700 homes and businesses in the Belfast-area BELFAST, Maine -- Feb. 26, 2025 -- Fidium, has expanded its multi-gig, symmetrical speed internet service to the Belfast -area. Construction bega  more

Colombian judge named Global Jurist of the Year
EVANSTON, Illinois, Feb. 25 -- Northwestern University posted the following news release: * * * Colombian judge named Global Jurist of the Year * Link to: Northwestern Now Story CHICAGO --- The Center for International Human Rights (CIHR) at Northwestern Pritzker School of Law has awarded their 10th Global Jurist of the Year Award to Judge Belkis Florentina Izquierdo Torres - Aty Seikuinduwa from Colombia, for her visionary jurisprudence recognizing the rights of Indigenous communities and  more

Doug Scott confirmed to five-year term as ICC Chairman
SPRINGFIELD, Illinois, Feb. 26 -- Gov. JB Pritzker, D-Illinois, issued the following news release: * * * Doug Scott confirmed to five-year term as ICC Chairman Chicago, IL - Today, the Illinois State Senate confirmed Doug Scott as Chairman of the Illinois Commerce Commission (ICC). Scott was reappointed to a five-year term by Governor JB Pritzker in January 2024 after serving out the remainder of former Chairman Carrie Zalewski's term. "States are at the forefront of keeping the country's c  more

Doug Scott Confirmed to Five-year Term as ICC Chairman
SPRINGFIELD, Illinois, Feb. 27 -- The Illinois Commerce Commission issued the following news release on Feb. 26, 2025: * * * Doug Scott confirmed to five-year term as ICC Chairman Chicago, IL - Today, the Illinois State Senate confirmed Doug Scott as Chairman of the Illinois Commerce Commission (ICC). Scott was reappointed to a five-year term by Governor JB Pritzker in January 2024 after serving out the remainder of former Chairman Carrie Zalewski's term. "States are at the forefront of keep  more

Fidium brings future-proof connectivity to Westbrook
MATTOON, Illinois, Feb. 26 [Category: BizTelecommunications] -- Consolidated Communications, a broadband and business communications provider, posted the following news release: * * * Fidium brings future-proof connectivity to Westbrook More than 7,700 homes and businesses in Westbrook and Gorham gain access to Fidium's all-fiber network WESTBROOK, Maine -- Feb. 26, 2025 -- Fidium, Maine's best internet provider, has expanded its multi-gig, symmetrical speed internet service to Westbrook an  more

GE HealthCare unveils Freelium, a next-generationsealed magnet platform at ECR 2025 to supportequitable and sustainable access to MR...
CHICAGO, Illinois, Feb. 26 [Category: BizPHealth Care] -- G.E. HealthCare posted the following news release: * * * GE HealthCare unveils Freelium, a next-generationsealed magnet platform at ECR 2025 to supportequitable and sustainable access to MR... * # Freelium, a helium-free [i] sealed magnet platform in development, aims to dramatically reduce liquid helium usage without sacrificing power efficiency, operational security and clinical performance * # Leveraging GE HealthCare's proven l  more

ICC Backs Legislative Effort to Crack Down on Predatory Towers
SPRINGFIELD, Illinois, Feb. 27 -- The Illinois Commerce Commission issued the following news release on Feb. 26, 2025: * * * ICC backs legislative effort to crack down on predatory towers Springfield, IL - On Wednesday, the Illinois Commerce Commission (ICC) joined Senator Celina Villanueva and Representative Will Davis to unveil legislation to reform the Illinois Commercial Safety Towing Law and crack down on predatory towing practices. ICC Chief of Police Ruben Ramirez Jr. joined the lawmak  more

Kirkland Advises Apax Partners on Debt Financing for Growth Investment in CohnReznick
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Kirkland Advises Apax Partners on Debt Financing for Growth Investment in CohnReznick Kirkland & Ellis advised Apax Partners LLP on the debt financing for the Apax Funds' strategic growth investment in CohnReznick LLP, one of the United States' leading advisory, assurance and tax firms. The transaction was announced February 26, 2025. The deal marks the first institu  more

Kirkland Advises Blackstone on Close of $5.6 Billion Energy Transition Partners IV
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Kirkland Advises Blackstone on Close of $5.6 Billion Energy Transition Partners IV Kirkland & Ellis advised Blackstone (NYSE: BX) on the final close of its energy transition-focused private equity fund, Blackstone Energy Transition Partners IV, which closed at its hard cap of $5.6 billion and is approximately 33% larger than its predecessor vehicle. Blackstone Energy  more

Kirkland Advises Lime Rock on Agreement to Sell Central Basin Platform Assets to Ring Energy
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Kirkland Advises Lime Rock on Agreement to Sell Central Basin Platform Assets to Ring Energy Kirkland & Ellis advised Lime Rock Resources IV, LP (Lime Rock) on its agreement to sell its Central Basin Platform assets to Ring Energy, Inc. (NYSE American: REI) for $100 million, subject to customary closing adjustments. The purchase price is comprised of $80 million of u  more

Kirkland Regains Top Spot in 2024 Performance Ranking
CHICAGO, Illinois, Feb. 25 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Kirkland Regains Top Spot in 2024 Performance Ranking Legal intelligence provider Leopard Solutions ranked Kirkland No. 1 on its annual Law Firm Index. Kirkland received a perfect score based on financial and personnel metrics, including attorney growth and retention, financial stability, attorney promotions and ethnic diversity. Kirkland & Ellis LLP surged back to  more

Kirkland Represents Whistle Express in Connection with Acquisition of Take 5 Car Wash
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Kirkland Represents Whistle Express in Connection with Acquisition of Take 5 Car Wash Kirkland & Ellis advised Whistle Express, a leading brand in the rapidly evolving car wash industry and portfolio company of Oaktree Capital Management, L.P. and A&M Capital Partners, in connection with its definitive agreement to acquire Take 5 Car Wash from Driven Brands. Upon clo  more

Mayer Brown Expands Global Investigations & White Collar Defense Practice With Hiral Mehta in New York
CHICAGO, Illinois, Feb. 27 -- Mayer Brown, a law firm, issued the following news: * * * Mayer Brown expands Global Investigations & White Collar Defense practice with Hiral Mehta in New York New York, February 26, 2025 - Mayer Brown announced today that Hiral Mehta has joined the firm as a partner in its Global Investigations & White Collar Defense practice in New York. Hiral joins from the United States Attorney's Office for the Eastern District of New York, where he served as chief of the b  more

McDermott Advises Kepler Cheuvreux on Strategic Partnership with Unigestion
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- McDermott Will and Emery, a law firm, issued the following news release: * * * McDermott Advises Kepler Cheuvreux on Strategic Partnership with Unigestion McDermott Will & Emery advises Kepler Cheuvreux on its strategic partnership with Unigestion to create a joint asset management company specialising in quantitative strategies for listed equities. The new entity, Kepler Cheuvreux Unigestion Equities, will manage over EUR3 billion in a  more

McDermott Advises Kranus Health on Partnership with Gedeon Richter
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- McDermott Will and Emery, a law firm, issued the following news release: * * * McDermott Advises Kranus Health on Partnership with Gedeon Richter Frankfurt, February 26, 2025 - McDermott Will & Emery has advised German digital health company Kranus Health on the conclusion of a cooperation agreement with Gedeon Richter Pharma GmbH. As strategic partners, both companies aim to advance digital care in gynecology and specifically support t  more

McDermott Represents VION Biosciences in its Acquisition of BioAssay Systems
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- McDermott Will and Emery, a law firm, issued the following news release: * * * McDermott Represents VION Biosciences in its Acquisition of BioAssay Systems International law firm McDermott Will & Emery represented VION Biosciences, portfolio company of Iron Path Capital and life science platform focused on specialty materials in the life science research, diagnostics and drug discovery spaces, in its acquisition of BioAssay Systems, a San  more

Neubauer Collegium Announces Nine New Projects for 2025-26
CHICAGO, Illinois, Feb. 27 -- The University of Chicago issued the following news: * * * Neubauer Collegium announces nine new projects for 2025-26 UChicago faculty-led research will develop creative solutions to complex societal problems The Neubauer Collegium for Culture and Society has announced nine new projects for 2025-26. Each year Collegium projects bring together University faculty and other researchers to work through challenges that require diversity of thought and practice to r  more

RSM Named by Forbes to America's Best Large Employers List for 2025
CHICAGO, Illinois, Feb. 27 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release: * * * RSM Named by Forbes to America's Best Large Employers List for 2025 2025 marks RSM's third consecutive year on prestigious list CHICAGO - (February 26, 2025) - RSM US LLP ("RSM") - the leading provider of assurance, tax and consulting services for the middle market - was recently ranked as one of Forbes' America's Best Large Employers. Forbes has ranked America's B  more

SIU Simmons Law School to Host Illinois Supreme Court Arguments
CARBONDALE, Illinois, Feb. 27 -- Southern Illinois University issued the following news release: * * * SIU Simmons Law School to host Illinois Supreme Court arguments CARBONDALE, Ill. -- Southern Illinois University Carbondale's Simmons Law School will host the Illinois Supreme Court as justices hear oral arguments in two cases on March 18 in the Student Center. "This is an extraordinary opportunity for our students and the broader Southern Illinois community to witness the Illinois Supreme   more

Three Kirkland Partners Recognized Among CBLJ's 2024-25 A List: Rising Stars
CHICAGO, Illinois, Feb. 26 [Category: BizLaw/Legal] -- Kirkland and Ellis, a law firm, issued the following news release: * * * Three Kirkland Partners Recognized Among CBLJ's 2024-25 A List: Rising Stars China Business Law Journal named Kirkland partners Karen Ho, Jodi Wu and Sean Zhang to its 2024-2025 "A List: Rising Stars" list, which honors individuals dedicated to facilitating enterprise growth in an ever-evolving business landscape. The list was drawn from a diverse pool of candidates,  more

Walgreens Agrees to Pay Alaska $65,076.40 in a Settlement to Resolve Allegations That It Billed the Government for Uncollected Prescriptions
JUNEAU, Alaska, Feb. 26 -- The Alaska Department of Law issued the following news release: * * * Walgreens Agrees to Pay Alaska $65,076.40 in a Settlement to Resolve Allegations that It Billed the Government for Uncollected Prescriptions (Anchorage, AK) - The State of Alaska has joined the United States, the District of Colombia, and 30 other states in settling allegations against Walgreens Boots Alliance, Inc. and Walgreen Co. (together, Walgreens). Under the terms of the agreement, Walgreen  more

Walgreens to Pay $97.8M to Resolve Allegations it Billed the Government for Uncollected Prescriptions
HARTFORD, Connecticut, Feb. 26 -- Connecticut Attorney General William Tong issued the following news release: * * * Walgreens to Pay $97.8M to Resolve Allegations it Billed the Government for Uncollected Prescriptions (Hartford, CT) -- Attorney General William Tong and 49 other attorneys general joined the U.S. Department of Justice today in settling allegations against Walgreens Boots Alliance, Inc. and Walgreen Co. (together, Walgreens). Under the terms of the agreement, Walgreens--which o  more

World of Hyatt Steps up to the Pitch as the Official Sponsor of Chicago Fire FC
CHICAGO, Illinois, Feb. 26 [Category: BizTravel] -- Hyatt Hotels Corp., a hospitality company, issued the following news release: * * * World of Hyatt Steps up to the Pitch as the Official Sponsor of Chicago Fire FC Chicago Fire and World of Hyatt Team up to Create Exclusive Experiences for Fans to 'Be More Game Changing' as They Get Closer to the Action "World of Hyatt embraces the transformative power of travel in many ways inviting members and guests to Be More Here with extraordinary an  more