Gabriel Circiog
Joint Venture Acquires 300,000 SF Suburban Chicago Office Park
Transwestern Investment Group recently announced it has acquired two Class A office buildings in the East-West Corridor office market outside Chicago. The properties were acquired by a joint venture between Transwestern Sponsorship Equity Partners and Soundview Real Estate Partners for an undisclosed amount.
Low-Income Families to Receive Solar Power Through New Program
Carbondale, Colorado-based Clean Energy Collective has recently announced the launch of a new program that will give low-income residents in Denver, Colorado access to locally-produced clean energy. Following a new partnership agreement between solar garden developer Clean Energy Collective (CEC) and the Housing Authority of the City and County of Denver (DHA), the new Community Solar Low-Income Residential Program will see CEC devoting a part of the power produced by three community solar facilities serving Xcel Energy’s Denver County customers offset the electrical bills for around 35 families living in the DHA facilities.
Cerner Corp. Enters Agreement to Purchase 237-Acre Bannister Mall Site
Cerner Corporation, one of the world’s top healthcare software developers, has recently announced that it has entered into an agreement to purchase approximately 237 acres of land on the site of the former Bannister Mall, in the Three Trails Crossing region.
The Opus Group Announces Electrolux Expands Minooka Operations
Chicago-based The Opus Group recently announced that Electrolux Home Products Inc. will expand its existing operations in Minooka, Illinois by occupying the remaining vacant space within the Minooka Ridge II facility.
Harbert United States Real Estate Fund V and ColRich Investments Close on Conifer Creek Apartments
Harbert United States Real Estate Fund V L.P. together with ColRich Investments recently announced they have closed on the acquisition of a 480-unity multi-family community in Denver, Colorado.
Godrej to Develop 2 Residential Projects in India
The real estate arm of the Godrej Group, Godrej Properties Ltd., of Mumbai, has entered into two new development agreements: to develop a 13.8-acre property in Gurgaon, and to increase the size of its project in Panvel.
Conservative Group Challenges ACLU Over City’s Plan to Use Church for Senior Center
The nonprofit legal group, Liberty Institute, recently announced that it has submitted a letter of support to the City of Oklahoma City for its decision to lease or purchase a portion of the Putnam City Baptist Church in order to establish a Metropolitan Area Projects 3 senior wellness center. The City had been threatened for its decision by the ACLU, but Liberty Institute attorneys reviewed the subject and concluded that the City’s plans comply with constitutional standards.
Officials Announce Environmental Cleanup of Carter Carburetor Site
The long-awaited environmental cleanup of the Carter Carburetor Site has been announced as federal, state and local officials gathered at the Herbert Hoover Boys and Girls Club on North Grand, adjacent to the site. The press conference marking the event was attended by U.S. Rep. William Lacy Clay, Jr., Missouri State Senator Jamilah Nasheed, St. Louis Mayor Francis G. Slay, EPA Assistant Administrator Mattie Stanislaus, EPA Region 7 Administrator Karl Brooks and Flint Fowler of the Herbert Hoover Boys and Girls Club.
Fashion Outlets of Chicago is a Luxury Destination for Locals and O’Hare Travelers
The grand opening of the first fully-enclosed outlet mall in Chicagoland in over two decades has been announced. Fashion Outlets of Chicago’s grand opening is scheduled for August 1.
Construction on New Multi-Specialty Center in Lone Tree Completed
Kaiser Permanente Colorado, one of the largest nonprofit health plans, recently announced that it has completed construction on its new multi-specialty center in Lone Tree.