Portfolio Investment Activity 

New Investment:
 
·      Wolf Point, Chicago, IL
            Development of 507 apartments
            BIT Investment = $31 million
            Total Development Costs = $153 million

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BIT News

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BIT Celebrates Groundbreaking at Ritchie Station Marketplace Construction begins on the 1-million square feet retail development project.
Seattle Urban Development Project Generates Union Jobs BIT financing generates jobs for an estimated 560 union construction workers.
3rd Quarter '09 Dispositions Generate $47 Million in Proceeds The BIT continues to successfully dispose of assets.

Commercial Real-Estate News

Lehman Selling Pieces of Stakes Acquired in Archstone Deal The estate of Lehman Brothers Holdings Inc. is looking to raise about $2 billion by selling about half of the stock it got when it sold apartment giant Archstone to two of its largest competitors.
Thu, 23 May 2013 18:13:45 EDT

Trump-Branded Rio Project Faces Test A developer is hoping to break ground soon in Rio de Janeiro on the first Donald Trump-branded project in Brazil, but with the country's growth engine low on steam, the office market may not cooperate.
Wed, 22 May 2013 16:31:16 EDT