Vista Tower developer sells 50% stake in firm, eyes national growth

From The Chicago Tribune‘s Ryan Ori: “Magellan Development Group sold a 50% stake in the company to two new partners, a deal that comes as the Chicago-based firm nears the finish line on what will become the city’s third-tallest skyscraper, Vista Tower.

“The company on Wednesday announced that Chicago private markets investment firm BLG Capital Advisors and New York-based Winter Properties, a real estate investment business of Standard Industries, purchased half the company.”

Read the full article here.