Losses will take months to tally
The financial cost of the attack on the World Trade Center is sure to run into many billions of dollars. The losses due to property damage in Manhattan will be...
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Rodamco fights hostile bid by World Trade Center mall owner
The owner of the mall in the destroyed World Trade Center is in the midst of a multibillion-dollar battle to control such prominent local shopping centers as Water Tower Place,...
1,100 Aon employees based in trade center
Of all Chicago-based companies, Aon Corp. had the most to lose. The world's second-largest insurance broker, an expert in corporate risk management, spent a harrowing Tuesday tracking down its more...
1,100 Aon employees based in trade center
Of all Chicago-based companies, Aon Corp. had the most to lose. The world's second-largest insurance broker, an expert in corporate risk management, spent a harrowing Tuesday tracking down its more...
Zell’s Equity Residential converts its strategy on condos
After years of bidding against condominium converters to buy properties, billionaire financier Sam Zell's apartment company, Equity Residential Properties Trust, is becoming a condo converter. The Chicago-based real estate investment...
Pension fund considering sale of 3 downtown properties
Another landlord is looking to take advantage of the strong investment market for downtown office buildings. Pension fund Teachers Insurance and Annuity Association is considering a sale of three properties:...
Fifield, joint venture compete for city lot on West Madison
Developer Steven Fifield is one of two bidders vying to acquire a nearly 2-acre site on the edge of the West Loop that the City of Chicago has put up...
River East may feature a Jillian’s entertainment complex
Developer Dan McLean is close to a lease with Jillian's, a rapidly expanding restaurant/entertainment chain, which would round out the retailing at River East Center, the huge mixed-use complex in...
Pivotal moves in negotiations for Illinois Center building
As institutional investors continue to take aim at downtown office buildings, an Arizona developer and pension fund adviser is negotiating to buy a 30-story building in the Illinois Center complex....
Buck nears deal on 222 S. Riverside Plaza office complex
John Buck Co. is in advanced negotiations to buy 222 S. Riverside Plaza, a 1 million-square-foot office along the Chicago River. Chicago-based Buck Co. has agreed to pay about $125...