Regions Midwest
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 6, 2008

Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.The highly-structured loan will be used to support Abbott Real Estate’s acquisition, zoning, and redevelopment of a vacant Wal-Mart located in Plymouth, Mass., into a 150 unit apartment complex on the property’s 5.8 acres of land. The apartment complex, known as Abbott Residences at Cordage Park, is the cornerstone of the Cordage Park Smart Growth District. Abbott Residences at Cordage Park will be a commuter-friendly development adjacent to the Plymouth MBTA station of the South Shore commuter rail line.

 
Recent Midwest Headlines
Commission to Consider Lavonia Mall Redevelopment Plan
July 03, 2008
With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
Fortes  Financial Secures National City Mortgage Wholesale Division
July 02, 2008
Fortes Financial Inc. has completed the  assumption of five regional wholesale offices formerly belonging to  National City Mortgage Corp.
44 cook Seattle's Schnitzer Moves into Denver with 2-Building Office Grab
July 01, 2008
Seattle-based Schnitzer West has ventured into the Denver market with its first acquisition there, a pair of offices that Schnitzer has bought in a joint venture with ING Clarion Lion Value Fund. The properties were purchased from Crescent Real Estate Equities L.P. for an undisclosed amount.
Bally Total Fitness Selects Jones Lang as Service Provider
July 01, 2008
Jones Lang LaSalle has been selected by Chicago-based Bally Total Fitness to provide transaction management, project management and lease administration for its portfolio of 350 health clubs.
Mohegan Takes Olympia Interest in Kansas Casino
July 01, 2008
The Kansas subsidiary of Mohegan Resorts L.L.C. has announced that it has acquired the interest held by Olympia Gaming-KC L.L.C. in Leg Sun L.L.C. for the development of a state-owned gaming facility and destination resort named Legends Sun in Wyandotte County, Kans.