Related Midwest refinances West Loop apartment tower with $105M loan

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The third-largest metro in the U.S. and the epicenter of the Midwest, Chicago is evolving from its focus. Population growth overall is weak, but the city is drawing young professionals. Apartment.

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UPDATE, Feb. 2o, 5:30 p.m. Related Midwest refinanced its Landmark West Loop apartment building with an $105 million loan from Morgan.

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The 1,639-room, 24-story hotel occupies two-thirds of a block in Chicago’s Loop, between State. are owned by Fairfield Residential Apartments, L.L.C. Prudential Life Insurance Co. provided the.

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Developer Related Midwest, owned by Related Cos., has proposed two separate residential towers in the West Town neighborhood, West Loop, Chicago. Related Midwest unveiled a 58-story apartment and hotel tower at 725 W. Randolph St. The tower will have 370 apartments, restaurants, and a 165-room Equinox hotel and health club.

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It’s another eight-figure construction loan in a tighter lending environment.. PNC Bank Finances South Loop Apartment Tower Being Built By Murphy Development, CIM. Related Topics: CIM Group,

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Related Midwest Begins Pre-Leasing at Landmark West Loop Apartments in Chicago’s West Loop March 24, 2017. Related Midwest today announced the start of pre-leasing at Landmark West Loop, the developer’s 30-story, 300-unit luxury rental tower at 1035 W. Van Buren St. in Chicago’s West Loop.Related expects to top-off the tower later this month, with first occupancy planned for August 2017.

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