In brief: New Jones Lang exec | River North stores | New sub chainAnn Sperling Jones Lang taps Trammell Crow vet for exec post Ann Sperling, 54, has joined Jones Lang LaSalle Inc. as chief operating officer for the Americas region. Ms. Sperling replaces Bill Thummel, who has been in the position since 2005 and was named to a new post of chief operating officer ... Our most-viewed stories in the past week(Crain’s) — News that 13 leases were announced at Block 37 was the most-viewed story in the past week at ChicagoRealEstateDaily.com. The top five in the past week as of Friday morning: 13 leases announced at Block 37 Nick's Fishmarket closes in Loop B of A slams Block 37 developer ... Experian marketing part of complex in wake of deal(Crain’s) — Experian PLC continues to look for a taker for a 107,000-square-foot office building in Schaumburg, several months after unloading a larger building next door in a nearly $26-million sale/leaseback deal. Earlier this year, the credit reporting agency hired Jones Lang LaSalle Inc. ... Expected Waldenbooks closings include local stores(AP) — Five Chicago-area Waldenbooks, Borders Outlet and Borders Express stores are among about 200 that parent company Borders Group Inc. plans to close in January as it focuses on its more profitable superstores. The local stores on the company’s list of anticipated closings are the ... In brief: Escada | Warehouse closing | General Growth heiressCourt gives Escada more time to renegotiate Mag Mile lease Escada USA Inc., which last month filed a motion in Bankruptcy Court to reject its lease at 840 N. Michigan Ave., was given more time to strike a deal to keep the store open. A court hearing planned for Thursday on the matter was postponed ... Strategic Hotels posts loss in comparable FFO(Crain’s) — Strategic Hotels & Resorts Inc. absorbed more losses in the third quarter as the recession depressed occupancies and room rates at its hotels. The Chicago-based company, whose local properties include the Fairmont Chicago and the InterContinental Chicago, reported a loss of $5.2 ... New loan, sales help Inland Western attack debt(Crain’s) — After chipping away at a mountain of maturing debt, Inland Western Retail Real Estate Trust Inc. has knocked off a big chunk of it, easing a cash crunch that looked life-threatening earlier this year. Inland Western says it has landed a $140-million loan from an unidentified ... Hyatt stock leaps out of the gate on its IPO(AP) — Shares of Hyatt Hotels Corp. jumped Thursday in the iconic hotel chain's first day on the New York Stock Exchange, with investors appearing to dismiss concerns about infighting among its founder's heirs and tepid hotel reservations around the world. Hyatt's stock gained $3.00, or 12 ... Hyatt prices IPO at $25 a share(Reuters) — Hyatt Hotels priced its initial public offering of 38 million shares at $25 per share on Wednesday, within its expected range. Hyatt shares will start trading Thursday under the ticker "H" on the New York Stock Exchange. Chicago-based Hyatt had said it would sell its shares for ... Hyatt IPO pricing, sale moved up a day(Reuters) — Shares of Hyatt Hotels Corp will price on Wednesday and are set to start trading on Nov. 5, a day earlier than previously planned, according to some of the company's underwriters. The company had earlier intended for the pricing of shares for its initial public offering to take place ... Beer distributor Reyes Holdings expanding in HQ move(Crain’s) — The nation’s largest beer distributor, Reyes Holdings LLC, plans to expand its offices by at least one third, to more than 69,000 square feet, as part of a one-mile move from one Rosemont office building to another. Reyes Holdings, the Chicago area’s second-largest privately ... Gold Coast hotel involved in Hong Kong settlement(Crain’s) — A settlement of Hong Kong’s version of the Enron scandal has reached halfway across the globe to a boutique Gold Coast hotel. Investor Christopher Ho Wing On has pledged his ownership of the Sutton Place Hotel as security for a promise to pay $125 million to settle claims ... FBOP retains, plans to finish condo project(Crain’s) — FBOP Corp. has lost all nine of its banks in a federally ordered takeover, but it hasn’t lost everything. The Oak Park-based holding company still owns a 120-unit condominium development across from Millennium Park, a project FBOP took over after the original developer ... Nicor unit moving HQ to new Naperville location(Crain’s) — A Nicor Inc. subsidiary that sells warranties for home heating and cooling systems is moving to a Naperville office building where the company will combine its headquarters and call center operations. Nicor National, which changed its name in September from Nicor Services, has ... 13 leases announced at Block 37(Crain’s) — Developer Joseph Freed & Associates LLC has leases with 13 new retailers for Block 37, including cosmetics giant Sephora, even as Freed is embroiled in a fight with its lender to keep control of the new shopping center. The new leases total 20,700 square feet, which is more than ... Nursing home REIT postpones IPO(Crain’s) — A Chicago-based real estate investment trust that owns nursing homes has put off an initial public offering scheduled for this week. Aviv REIT Inc., which owns 172 properties in 21 states, had planned to sell as much as $362 million in stock in the IPO, which was expected to ... In brief: Chapter 11 | Muvico | AutoZoneBrothers’ venture files Chapter 11 R&G Properties, a venture of brothers George S. Michael and Robert C. Michael, filed for Chapter 11 bankruptcy protection last month. In its petition, Chicago-based R&G estimated its assets at no more than $50,000 and its liabilities at $10 million to $50 ... Closer highlights for Nov. 3Sale A venture that includes local hotel operator Samuel K. Alexander on Sept. 23 sold a 126-room hotel in south suburban Matteson for about $3.6 million. The buyer, Lilly Investments LLC, plans to convert the property at 5200 Lincoln Highway from a Days Inn to part of the Americas Best Value Inn ... Block 37 dispute could delay CTA pedway opening(Crain’s) — The foreclosure lawsuit over Block 37 could delay the opening of the CTA station’s pedway beneath the State Street project. At a court hearing Monday, lawyers for Bank of America Corp. said the lender won’t fund certain construction costs — including money the landlord is to ... Nick's Fishmarket closes in Loop(Crain’s) — Venerable downtown seafood restaurant Nick’s Fishmarket closed its doors over the weekend, blaming the economy and the “unwillingness of our landlord to help Nick’s through this recession.” The high-priced restaurant, which two years ago celebrated its 30th anniversary in ... |
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