Updated 12:09 p.m.
City pension plans fire politically connected real estate fund manager
(Crain's) — Move prompts lawsuit almost three years after a Daley nephew quits firm amid controversy.
Panel gives preliminary OK to landmarking Wrigley Building
(Crain's) — The Wrigley Building has passed a key first step in the landmarking process.
In brief
Hyatt to run 3 hotels in Saudi Arabia
(Crain's) — Also, the sale of the Echelon at K Station apartments closes and a mixed-use building in the West Loop sold for $2.65 million.
New firm has money to back net-lease projects
(Crain's) — Ralph Cram is heading Northbrook-based Envoy Net Lease Partners, which has financial backing and plans to finance about $80 million in developments in the next year and a half.
In brief
Illinois AG sues Fla. mortgage document company
(Crain's) — Also, a receiver is named for the former site of the New City Y and a speculative industrial building is under way in Elgin.
Equity Residential's profitability rises but misses Street
(AP) — Equity Residential said Wednesday that its results improved in the fourth quarter as rental income increased and its one-time charges declined.
