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The AFL-CIO Housing Investment Trust said on Monday it is investing $20 million to help finance the redevelopment of a landmark downtown building.
The trust said it purchased $20 million of taxable bonds as part of the financing package for the $148.2 million redevelopment of the Randolph Tower, a Gothic Revival-style skyscraper in the West Loop. Get the full story »
Wells Fargo & Co. has only eight retail branches in the Chicago area, but the San Francisco-based megabank has big growth plans for its local commercial and private banking arms.
It’s also looking for more space in the Loop area.
It has about 50 commercial bankers in the Chicago area, but plans to beef up that staffing by about 50 percent in the next year. Its local business customers include Freedman Seating, which serves the public transit industry and employs about 500, and Stoller Wholesale, a family-run wine and spirits distributor. Get the full story »
