Chicago-based Oxford Capital Group LLC teamed with Angelo, Gordon & Co. to buy the 21-story building. Formerly known as the London Accident & Guarantee Building, it opened in 1923 at Michigan and Wacker and is part of one of the city’s most impressive architectural corners.
Oxford Capital Group, LLC with Angelo, Gordon & Co. have acquired the landmark London Accident & Guarantee Building designed by famed architect Alfred S. Alschuler at 360 N. Michigan Avenue in Chicago along with an adjacent parcel of land at 77 East Wacker Drive. The plan is to convert the properties into a new lifestyle hotel above two stories of upscale retail.
Four hotels, two apartment towers and new retail space are in the works, projects that will bring more out-of-towners, residents and stores and bridge the gap between the Magnificent Mile shopping district north of the river and the park and cultural attractions to the south.
The path of least resistance might be easy, but it often lacks rewards. That’s why John W. Rutledge prefers to lead his team at Oxford Capital over riskier terrain.
Langham architect tends to grandfather’s work. While helping his grandfather, pioneer of modern architecture Ludwig Mies van der Rohe, design IBM Plaza in the late 1960s, Dirk Lohan could hardly imagine he would be back four decades later to redesign the lobby.
This group of exceptional entrepreneurs was selected by an independent judging panel made up of regional business, academic and community leaders. Winners will be announced at a gala event on Friday, June 26, 2009 at the Hilton Chicago.
A group of local investors led by real estate and private equity firm Oxford Capital Group has purchased Hotel Wacker, 111 W. Huron, from BAC.Corp in a transaction valued at $24M. Financing for the acquisition is provided by Anglo-American Bank.
Over 300 guests help celebrate the grand opening of the Hotel Cass Mag Mile Chicago, a new boutique hotel owned by Oxford OBG Hospitality Investment Partners
The Hilton, Doubletree, Embassy Suites Hotels and The Waldorf=Astoria Collection brands recognized the top development champions of 2006 during the 2007 Hilton Hotels Corporation Full-Service Brands Owners Summit, held September 24-26 in San Francisco.
Columbia based Fowler Development has sold two hotels in Northeast Richland and four others in the Carolinas to a Chicago Investment group for $70 million.
