Ares Management bought JPMorgan Asset Management’s majority stake in the rental portion of Aqua Tower, the wavy Jeanne Gang-designed building that presides over Magellan Development Group’s Lakeshore East district. Los Angeles-based Ares paid nearly $190.5 million for the stake in the building, according to Cook County property records. Magellan held onto its partial stake. The 86-story tower has 474 apartments and 224 condos above the 334-key Radisson Blu Aqua Hotel. All three sections of the […]
source https://therealdeal.com/chicago/2019/04/05/ares-management-buys-majority-stake-in-aqua-tower-apartments/#new_tab
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