Real Estate Rumors: JDL, Rodan Property, Diana Chen

By Andrew McIntyre (March 21, 2019, 4:35 PM EDT) -- A joint venture of Wanxiang America Real Estate Group and JDL Development has landed $735 million in financing for a Chicago residential and retail tower project, Commercial Observer reported on Thursday. Bank OZK provided a $475 million construction loan, while Square Mile Capital Management provided $260 million in mezzanine debt and preferred equity for One Chicago Square, a planned 1.5 million-square-foot tower, according to the report....

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