Hypo closes $203m loan for Chicago flagship.CHICAGO, IL: Hypo Real Estate The Hypo Real Estate Holding AG (ISIN: DE0008027707) is based in Munich, Germany and comprises three banks:
In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. and residential project in Chicago's prestigious Gold Coast neighborhood. The loan is for three years, with a one-year extension option. The transaction closed on August 31, 2006. The borrower was First Elysian Properties, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture consisting of the Elysian Development Group, Golub & Company, and an affiliate of Arcapita, Inc. Arcapita, the majority equity partner, is based in Atlanta. Elysian and Golub are prominent Chicago-based real estate developers. The flagship for a new ultra-luxury hotel brand, the Elysian Hotel and Private Residences will be a 60-story ultra-luxury condo-hotel tower located on East Walton East Walton is a village in Norfolk, England. Its church, St. Mary, is one of 124 existing round-tower churches in Norfolk. External links
tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. condo hotel suites available for sale, ground floor retail space, a luxury health club and spa, restaurants and a subterranean parking garage. "We are very pleased to be financing what will be Chicago's premier new luxury residential property," said Evan F. Denner, deputy CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hypo Real Estate Capital Corporation. "Given that it is already 67% sold, it clearly will be a very successful project. We continue to look for opportunities to establish and then build upon relationships with high quality sponsors." |
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