Investing
Businesses Honored for Contributions to Lower-Income Communities
August 20, 2008 Posted by Illinois RealEstateRama
Chicago, IL - August 20, 2008 - (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community development for FY 2007. The organizations were presented with the annual NeighborWorks® Partner Awards at a ceremony in Chicago on August 19.
JACKSON AND DALEY STRESS FORECLOSURE PREVENTION IN CHICAGO
February 27, 2008 Posted by Illinois RealEstateRama
HUD Secretary and Mayor encourage at-risk homeowners to attend city’s “Borrower Outreach Day”
CHICAGO - Foreclosure does not have to be inevitable. That was the message from U.S. Housing and Urban Development Secretary Alphonso Jackson and Chicago Mayor Richard Daley today as they encouraged residents to attend a city-sponsored “Borrower Outreach Day.” Jackson and Daley visited […]
Credit Crunch Shifts Emphasis to Top-Notch Management Skills for Driving Commercial Property Values, Says IREM(R)
February 4, 2008 Posted by Illinois RealEstateRama
CHICAGO, Feb. 4 /PRNewswire-USNewswire/ — “As the sub-prime mortgage crisis depresses the commercial credit market, which until recently had fueled soaring real estate investment returns, emphasis now is shifting to improving operating results to drive property values,” said IREM(R) President Regina T. Mullins, CPM(R).
Illinois Median Sale Price Off 1.5 Percent at $195,000 in October Chicago Median Price Up 3.1 Percent from Last Year
November 28, 2007 Posted by Illinois RealEstateRama
SPRINGFIELD, Ill., Nov. 28 /PRNewswire-USNewswire/ — The median home sale prices rose or remained even in the majority of Illinois counties in October with the Chicago Primary Metropolitan Statistical Area (PMSA) median sale price up 3.1 percent compared to a year ago. According to the Illinois Association of REALTORS(R) latest report, the Chicago PMSA median […]
Majestic Properties Launches A Nationwide Developer Tour Entitled: Global Property Showcase
November 23, 2007 Posted by Illinois RealEstateRama
On November 26, 2007, Global Property Showcase (GPS) will kick off a new exposition dedicated to bridging the gap between worldwide developers and consumers looking to purchase quality and amenity-rich real estate. This multi-city program will educate investors, 2nd-home buyers and property seekers to the various locales being represented with each global project, and of […]
The Place/BV Student Housing Fund Announces Recent National Investments Worth Over $80 Million
October 23, 2007 Posted by Illinois RealEstateRama
ATLANTA and CHICAGO, Oct. 23 /PRNewswire/ — The Place/BV Student Housing Fund, LLC, a real estate investment fund focused on the acquisition and development of student housing properties nationwide, announced its four most recent investments valued at over $80 million.
Marquette Bank Invests $4 Million in Its South Side Location
October 12, 2007 Posted by Illinois RealEstateRama
Renovated Main Bank building officially dedicated; Improvements to deliver conveniences and community resources to south side neighborhoods
Plans also announced for new housing foundation serving low- and moderate-income homeowners
CHICAGO, Oct. 12 /PRNewswire/ — Surrounded by 100 community members, customers, and employees, Marquette Bank Chairman Paul McCarthy today officially dedicated Marquette’s newly renovated Main Bank building on […]
Bridge Finance Group Provides $23.4 Million Funding Package to Help Madison-Kipp Corporation Expand Operations
October 10, 2007 Posted by Illinois RealEstateRama
CHICAGO, Oct. 10 /PRNewswire/ — Bridge Finance Group announced the completion of a $12 million revolver, and an $8.4 million term loan/capital expenditure line to Madison-Kipp Corporation (”MKC”). In conjunction with this transaction, Ridgestone Bank, an affiliated company of Bridge Finance Group, provided a $3 million real estate loan as well as cash management services.
The Chicago Spire Officially Launched
September 27, 2007 Posted by Illinois RealEstateRama
Global Sales Campaign to Launch in Chicago in January Followed by a 14-City World Tour
CHICAGO, Sept. 27 /PRNewswire/ — The Chicago Spire was officially launched last night at an event held in Chicago's Millennium Park. An invited audience of nearly 500 people heard presentations by Santiago Calatrava, the architect of the 2,000-foot iconic residential building […]
Community Development Financial Institutions Program
September 14, 2007 Posted by Illinois RealEstateRama
The Community Development Financial Institutions (CDFI) Program was established by the Reigle Community Development and Regulatory Improvement Act of 1994 to use federal resources to invest in and build the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. Since its inception, the Fund has made […]
Treasury Secretary Paulson & CDFI Fund Director Reed to Announce FY 2007 CDFI Program Awards on Friday
September 14, 2007 Posted by Illinois RealEstateRama
Treasury Secretary Henry M. Paulson, Jr. will travel to Chicago Friday to discuss the importance of trade and investment for U.S. job creation and economic growth. The Secretary also will announce $27.3 million in awards to organizations investing in rural and urban low-income communities in 30 states and the District of Columbia.
Prime Group Realty TrustAcquires Interest in Extended Stay Hotels
July 12, 2007 Posted by Illinois RealEstateRama
CHICAGO — Prime Group Realty Trust (NYSE: PGEPRB) (the “Company”) announced today that on June 29, 2007 the Company, through its wholly-owned qualified REIT subsidiary PGRT ESH, Inc. (“PGRT ESH”), purchased a $120 million membership interest in BHAC Capital IV, L.L.C., an entity which owns 100% of Extended Stay Hotels, Inc. (“ESH”), from Lightstone Holdings […]