^ It's possible I could be jumping the gun just slightly.........but maybe not....
Typically there is a lag from anywhere between a few days and a few months between loan close and when it's reported on. Perhaps on average 2-3 weeks maybe? It is true that sometimes when the players are eager for press, they'll issue a release almost immediately on closing......I'd say that's definitely a minority of cases though.....
I'm expecting this one to be quite rapid fire ala One South Halsted (loan close, permits issued, excavate, caissons)......I have a hunch - and it's only a hunch, however a strong one - that this project has the same lender.....this project also has a very strong equity investor in the form of CIM Group......I'd look for action sooner rather than later here....
__________________
It's simple, really - try not to design or build trash.
|