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February 02, 2018  

Banks Poised to Fund Chicago Office Project

Bank of America and J.P. Morgan are teaming up to lead a roughly $500 million loan for the development of an office tower in Chicago’s West Loop.The two banks are in discussions with a Howard Hughes Corp. partnership that’s planning a 1.4 million-square-foot skyscraper on the site of the former General Growth Properties headquarters. While the details are still being negotiated, the loan is expected to be structured as typical...

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