Recent Posts
The Dirt Lawyer's Blog
Return To Blog Listing
Musings on commercial real estate transactions in Chicago and beyond
Recent Posts Tagged With 'development'
What is $190 million among friends? A LOT of money!
That is how much Crain's estimates that Teng & Associates has plunked into the Waterview Tower/Shangi-La Hotel development on Wacker Drive. Other than a $20 million bridge loan from LaSalle Bank,...
OK, I can finally talk about this one
I have said time and again that I do not make news, I just report it. So, if I know about a deal (whether I am working on it or not), I don't leak it. Not my job, and I do not even want to think abo...
All I can say is "Wow"
If you could see this now....I know this property is in Bucktown. I know Bucktown is hotter than hot for development. I know prices can be high there.But $767 per square foot? I repeat: wow. If th...
Interesting trend - don't buy the dirt, buy the developer
Private Equity Real Estate has a good article (free sub. required) about a trend among private equity players: instead of buying up property or finished buildings or even developments, they are buying...
WSJ asks: are we on a retail real estate cliff?
There was a thought-provoking article in the Journal today about whether retail real estate is one the same cliff that residential real estate is. After all, Centro Properties teeters on the edge, Ta...
TIFs - Ain't we ready for reform?
(With apologies to the late, great Chicago alderman Paddy Bauler....)The Civic Federation feels we need more information and public input on tax increment financing. According to this story, the Fede...
Would you like fries with that loan?
I'm sure some people will ask: Why are you writing about the acquisition of a Burger King site that will be converted into a Fifth Third Bank in Old Town on a 20 year lease deal? Here's why.1. I fee...
The builder's loss is prvate equity's gain
Fortune this week is echoing my sentiments. Some over-levered homebuilders are in trouble. Face it: You pay your (less, in this case) money, you take your chances. And -- no big surprise -- private ...
Investors Save The Queen
Sorry, I could not think of a clever headline this morning -- must be vacation mode though I am writing while the boss is at the spa. An investment group called Save the Queen has bought the remainde...