Chicago Park Employees terminates Mesirow Financial
Chicago Park Employees terminates Mesirow Financial
Crain Communications
Chicago Park Employees Annuity & Benefit Fund terminated Mesirow Financial from a $10 million active core fixed-income portfolio.
The $318 million pension fund s board approved the termination of the manager at its April 15 meeting after voting to reduce its target allocation to fixed income to 17.5% from 20.5%.
The pension fund had issued an RFP in March for a core fixed-income manager due to the closure in 2020 of prior manager Chicago Equity Partners. Following that closure, the pension fund temporarily shifted the assets to Mesirow Financial because Chicago Equity s fixed-income team moved to that firm.
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MORGAN Unveils Phoenix Luxury Property
Developed in conjunction with Mesirow, the Pearl Biltmore features 19 unique floorplans. Feb242021
Image courtesy of MORGAN
Developer, builder and property manager MORGAN has taken the wraps off its first multifamily luxury community in Phoenix. Developed in conjunction with Mesirow, the Pearl Biltmore is a 472-unit development at Highland and 24
th Streets.
The community features 19 unique floorplans, extending from studio to one- through three-bedroom configurations, and from 476 to 1,154 square feet in size.
Features and finishes of apartment homes include Quartzite countertops and glass tile backsplashes, with select units offering movable kitchen islands, walk-in glass showers and spa soaking tubs. A two-story fitness center with a cardio and strength training area stands out as one of the amenities most likely to be popular with residents.
Paychex has 1,000 clients for its PEP, company says
Most of the new PEPs clients have not previously offered a retirement plan to their employees, often because of the administrative burden of setting up a 401(k).
February 23, 2021
Human resources outsourcing firm Paychex has signed up at least 1,000 businesses for its pooled employer plan, the company said Tuesday.
The businesses are among the roughly 700,000 existing clients that use Paychex’s other services, such as payroll and human capital management, according to the firm. Most of the new pooled employer plan, or PEPs, clients have not previously offered a retirement plan to their employees, often because of the administrative burden of setting up a 401(k), said Michael Majors, senior director of national retirement sales at Paychex.
New York investor takes Amazon’s Alliance Airport cargo hub as part of $570 million deal
Tarrant County distribution center has more than 1 million square feet of space.
The 1.1 million-square-foot air cargo hub was built in 2019.(Avison Young )
Chicago-based Mesirow Financial sold the Tarrant County building, which is occupied by Amazon.
The 1.1 million-square-foot distribution building was constructed in 2019 on Intermodal Parkway in Haslet. Alliance developer Hillwood worked with Amazon to bring the air cargo center to the airport.
Now Mesirow Financial has sold the building to a company affiliated with New York-based L&M Development Partners, Tarrant County deed records show.
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