Regions Midwest
Jones Lang LaSalle, TR Advisors to Manage Chicago Transit Authority RE
Aug 12, 2008

The Chicago Transit Authority selected Jones Lang LaSalle Inc. in partnership with TR Advisors to manage certain of its real estate assets. Jones Lang will focus specifically on three tasks: serving as Chicago Transit's real estate broker, securing concessions at the firm's stations, and increasing efforts to establish transit-oriented development across the Chicago Transit system. This is the first time the Chicago Transit Authority has outsourced management of its real estate portfolio. Leading the Jones Lang LaSalle/TR Advisors team are Kurt Little, managing director of Jones Lang LaSalle, and Lorna Moritz, executive director of TR Advisors.

 
Recent Midwest Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Developers Diversified, Cole Form JV for Missouri Shopping Center
Nov. 07, 2008
Developers Diversified Realty Corp. has formed a $62 million joint venture with Cole Real Estate Investments for the ownership of Independence Commons, a 386,000-square-foot shopping center in Independence, Mo.
Cormac Nets $145M Loan for Kansas Retail Project
Nov. 05, 2008
The Chicago office of Holliday Fenoglio Fowler L.P. has arranged a total of $145.3 million in construction financing and joint venture equity for Corbin Park, a regional, open-air retail village being developed in Overland Park, Kan., by Cormac Co.
Vail Resorts Acquires Colorado Mountain Express for $38M
Nov. 03, 2008
Vail Resorts Inc. closed its transaction to acquire the resort ground transportation business, Colorado Mountain Express, for $38.3 million, which amount will be adjusted for the final balances of certain working capital related accounts as well as the obligation of Vail Resorts to reimburse the seller for certain new capital expenditures.