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State Tipoffs Involving Illinois Newsletter for 2024-07-24 ( 29 items )  
Boeing and Clear Sky Launch Partnership to Help Decarbonize Aviation (10)
CHICAGO, Illinois, July 24 -- Boeing, an aerospace company and a manufacturer of commercial jetliners and defense, space and security systems, issued the following news release: * * * - UK's Firefly Green Fuels is first beneficiary of the partnership and a Clear Sky-led consortium - Collaboration will support development of Firefly's UK-based refinery and enable the company's expansion into global markets - This new pathway will help decarbonize aviation by transforming sewage into SAF * *  more PR

Boeing Awarded Contract to Enhance KC-46A Multi-Mission Capability (10)
CHICAGO, Illinois, July 23 -- Boeing, an aerospace company and a manufacturer of commercial jetliners and defense, space and security systems, issued the following news release: * * * - Upgrades will further enhance the combat-proven tanker's mission readiness and performance envelope * * * EVERETT, Wash., July 22, 2024 -- "The U.S. Air Force and allies are performing crucial global missions with the growing KC-46A tanker fleet and finding ways to extract more capability from the platform,"  more PR

Boeing Donates $250,000 to Support Relief Efforts in Houston and New Mexico (10)
CHICAGO, Illinois, July 23 -- Boeing, an aerospace company and a manufacturer of commercial jetliners and defense, space and security systems, issued the following news release: ARLINGTON, Va., July 22, 2024 -- Boeing [NYSE: BA] is committing $250,000 from the Boeing Charitable Trust to assist with recovery and relief efforts in Houston following Hurricane Beryl and in New Mexico in the wake of devastating wildfires. Funds will support the following organizations: * $75,000 to Combined Arms t more PR

Boeing, Antonov to Collaborate on Defense Projects (10)
CHICAGO, Illinois, July 23 -- Boeing, an aerospace company and a manufacturer of commercial jetliners and defense, space and security systems, issued the following news release: * * * - MOU represents Boeing's commitment to work with Ukrainian industry - Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems * * * FARNBOROUGH, United Kingdom, July 22, 2024 -- Boeing [NYSE:BA] and Antonov Company today signed a Memorandum of Understanding to explo more PR

Dual-Action Antibiotic Could Make Bacterial Resistance Nearly Impossible (10)
CHICAGO, Illinois, July 24 (TNSres) -- The University of Illinois Chicago campus issued the following news release: A new antibiotic that works by disrupting two different cellular targets would make it 100 million times more difficult for bacteria to evolve resistance, according to new research from the University of Illinois Chicago. For a new paper in Nature Chemical Biology, researchers examined how a class of synthetic drugs called macrolones disrupt bacterial cell function to fight infec more PR

Governor Pritzker and the Illinois Housing Development Authority Announce 2024 Affordable Housing Tax Credit Developments (10)
SPRINGFIELD, Illinois, July 24 -- Gov. JB Pritzker, D-Illinois, issued the following news release: * * * Allocations will spur affordable housing creation, robust construction jobs, and community reinvestment across Illinois * * * CHICAGO - Governor JB Pritzker and the Illinois Housing Development Authority (IHDA) Board announced awards totaling $23.8 million in federal Low-Income Housing Tax Credits (LIHTC) that will finance the creation and preservation of 16 affordable housing development more PR

Governors' Progressive Tax Rate for Sportsbooks Doubles Rates for Some Operators (10)
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news on July 23, 2024: Earlier this month, Illinois began a sharp tax increase on its sportsbooks, with rates more than doubling for some operators. This tax hike, driven by Governor Pritzker's bloated budget, introduces a progressive tax system to Illinois' robust sports betting industry. Under the new tax system, the industry will move away from a flat 15% rate to a graduated structure, ranging from 20% for it more PR

Hyatt and CR Land Announce Plans for a New Park Hyatt Hotel in Xi'an (10)
CHICAGO, Illinois, July 24 -- Hyatt Hotels Corp., a hospitality company, issued the following news release: * * * Park Hyatt Xi'an will be ideally located in the Xi'an CCBD commercial complex along the city's central axis, creating a new landmark in the city * * * Hyatt Hotels Corporation (NYSE: H) and China Resources Land (CR Land, HKEX: 1109) announced that Hyatt has entered into a management agreement with CR Land for a Park Hyatt hotel in Xi'an, Shaanxi province, China. This project will more PR

Illinois Transportation Committee Launches Public Hearings to Address Public Transit Challenges and Funding Deficit (10)
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news: An Illinois Senate Transportation committee recently hosted the first in a series of public hearings to discuss the possibility to merge the Chicago Transit Authority (CTA), Metra, and Pace into a single public transit agency. This initiative comes as legislators face a $730 million funding deficit for the Regional Transportation Authority (RTA) projected for 2026. The hearings will focus on various aspect more PR

Importance of Safety Measures at Upcoming DNC Highlighted Amid Tragedy (10)
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news: In the wake of the tragic shooting at a recent political rally in Butler, Pennsylvania on July 13, law enforcement officials are reaffirming confidence in security protocols for the upcoming Democratic National Convention (DNC) in Chicago. During the political rally for former President Donald Trump, a gunman fired several shots, killing one spectator and injuring three others, including the former preside more PR

ISP Enhance Efforts Against Vehicle Theft and Hijacking (10)
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news: The Illinois State Police (ISP) is continuing its efforts to combat vehicle theft and hijacking, thanks to a substantial $10 million grant from the Illinois Secretary of State's Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Council. This funding aims to support ISP's mission of catching bad actors committing vehicle thefts, hijackings, and other related violent cr more PR

John Deere Rolls Out Proven E-Drive Production Class Loader Offerings With the 744 and 824 X-Tier Models (10)
MOLINE, Illinois, July 23 -- Deere and Co., a manufacturer of agricultural, construction, forestry machinery and diesel engines, issued the following news release on July 22, 2024: * * * * The all-new E-Drive 744 and 824 X-Tier Production Class Wheel Loaders offer significant machine upgrades, fuel savings, increased productivity and visibility. * The E-Drive system provides instant power while simplifying operations and reducing complexity. * * * Today, John Deere announced the launch of  more PR

Joint Venture Equity and Construction Financing Secured for Multi-Housing Development in Raleigh's West End (10)
CHICAGO, Illinois, July 23 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the financing and equity efforts on behalf of Kane Realty Corporation * * * RALEIGH, N.C., July 22, 2024 -- JLL Capital Markets announced today the firm arranged $33.6 million of joint venture equity and $51.4 million of construction financing for West End II, a multi-housing development located in the highly sought-after West End more PR

Kirkland Advises Centerbridge on $1.3B Capital Raise for Martello Re (10)
CHICAGO, Illinois, July 24 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis represented private investment management firm Centerbridge Partners in connection with a $1.3 billion capital raise for life and annuity reinsurer Martello Re Limited. The capital raise includes $935 million in equity and a $360 million upsizing of the company's credit facility. Centerbridge is one of Martello Re's founders and financial supporters. Centerbridge, along with Massac more PR

Kirkland Advises Chorus Capital on Closing of Chorus Capital Credit Fund V (10)
CHICAGO, Illinois, July 24 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Chorus Capital on successfully concluding fundraising for Chorus Capital Credit Fund V. In connection with this fundraising, Chorus Capital has raised c. $2.5 billion of capital commitments across parallel vehicles, meeting its target size. Chorus Capital Credit Fund V represents Chorus Capital's largest commingled investment vehicle to date. Read Chorus Capital's press re more PR

Kirkland Advises KKR on Acquisition of Majority Stake in Accountor (10)
CHICAGO, Illinois, July 24 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is advising KKR on its acquisition of majority stake in Accountor Software, a provider of mission critical business software in Finland and Sweden, from Vitruvian Partners. Financial terms of the transaction, which is subject to customary closing conditions, were not disclosed. Read KKR's press release (https://media.kkr.com/news-details/?news_id=356f58ed-1125-494e-ba03-8ae9acf467 more PR

Kirkland Advises Owens & Minor on $1.36B Acquisition of Rotech (10)
CHICAGO, Illinois, July 24 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is advising Owens & Minor, Inc. (NYSE: OMI) on a definitive agreement to acquire Rotech Healthcare Holdings, Inc, a privately held home-based care business headquartered in Orlando, Florida, for $1.36 billion in cash. The transaction was announced July 23, 2024 and is expected to close by the end of 2024 subject to customary closing conditions. The acquisition will strengthen Owens more PR

Kish College to Offer Six Fast-Track Training Programs in Fall 2024 (10)
MALTA, Illinois, July 24 -- Kishwaukee College issued the following news release: Kishwaukee College will offer six Fast-Track training programs during the Fall 2024 semester. Kish Fast-Track programs provide students with the skills and training needed to meet local workforce demands. The programs range from 8-15 weeks, allowing students to immediately start a career or build upon skills with additional training. Fall 2024 classes are available in online, in-person and hybrid formats. Partici more PR

MAYER BROWN ADVISES CLIFFORD CAPITAL AND PENTAGREEN CAPITAL ON JOINT LOAN TO FINANCE BIOENERGY PROJECTS IN SOUTHEAST ASIA (10)
CHICAGO, Illinois, July 24 -- Mayer Brown, a law firm, issued the following news: Mayer Brown has advised Clifford Capital, an infrastructure financing platform, and Pentagreen Capital, the sustainable infrastructure debt financing platform established by HSBC and Temasek, on a US$30 million joint green loan to leading Singapore energy provider, BECIS Bioenergy Pte. Ltd. (BECIS). This collaboration is set to catalyze the construction of a portfolio of distributed sustainable bioenergy projects  more PR

MAYER BROWN ADVISES FARM RIO ON ITS EXPANSION IN THE MIDDLE EAST (10)
CHICAGO, Illinois, July 24 -- Mayer Brown, a law firm, issued the following news: Dubai - Mayer Brown advised FARM Rio in the opening of its first store in the Middle East and its strategic distributorship arrangement with the Chalhoub Group. Farm Rio is a vibrant sustainable women's clothing and lifestyle brand in Brazil. Farm Rio began their global expansion in 2019 with the opening of their flagship boutique in SoHo, New York. The brand now has four additional US boutique locations: Miami, more PR

MCDERMOTT ADVISES MAIN CAPITAL PARTNERS ON TAKE-OVER OF U.S.-BASED DEVOPS SOFTWARE PROVIDER FLEXAGON (10)
CHICAGO, Illinois, July 24 -- McDermott Will and Emery, a law firm, issued the following news release: Chicago/Dusseldorf, July 23, 2024 - McDermott Will & Emery has advised Main Capital Partners on the acquisition of Flexagon, a leading US-based software provider of DevOps solutions for the enterprise sector. Founded in 2014 in Green Bay, Wisconsin, Flexagon is a leading provider of DevOps software for complex enterprise technology environments such as Oracle, SAP, and Salesforce. With around more PR

MCDERMOTT REPRESENTS VALINOR PHARMA IN $250M SALE TO GRUNENTHAL (10)
CHICAGO, Illinois, July 24 -- McDermott Will and Emery, a law firm, issued the following news release: McDermott Will & Emery represented Valinor Pharma, LLC (Valinor), a pharmaceutical company focused on the commercialization of medicines, in a cross-border sale to Grunenthal, a German-based global leader in pain management and related diseases. The total deal value is approximately $250 million inclusive of all royalty obligations and includes Valinor's product Movantik(R), an oral treatment more PR

NextGen Healthcare Tapped by Advanced Heart Group to Enhance Patient Experience, Boost Operational Efficiency (10)
HORSHAM, Pa., July 23 -- NextGen Healthcare Information Systems issued the following news release: * * * Organizational Changes Spark Technology Investments for Leading Illinois Cardiology Group * * * REMOTE-FIRST COMPANY/CHICAGO, IL. -- July 22, 2024 -- NextGen Healthcare has been selected by Illinois-based Advanced Heart Group (AHG) to streamline practice operations with NextGen(R) Enterprise EHR (electronic health record) and NextGen(R) Enterprise PM (practice management). The NextGen(R) more PR

Publix-Anchored Shopping Center Trades in Richmond (10)
CHICAGO, Illinois, July 24 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the sales efforts for Harbour Point Village in Midlothian, Virginia * * * WASHINGTON, D.C., July 23, 2024 -- JLL Capital Markets announced today that it has completed the sale of Harbour Point Village, a 123,772-square-foot, grocery-anchored shopping center in Midlothian, Virginia. JLL represented the seller, First Washington Rea more PR

Sale of Primark at Imeson Park in Jacksonville, Florida Closes (10)
CHICAGO, Illinois, July 23 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets facilitates the sale of a newly constructed 550K SF mission-critical distribution facility * * * MIAMI, July 22, 2024 -- JLL Capital Markets announced today the sale of Primark at Imeson Park, a newly delivered 550,243-square-foot cross-dock industrial facility located within Jacksonville's premier logistics park. JLL represented the more PR

Senate Republicans and Treasurer's Office Team Up to Return Unclaimed Property to Illinois Residents (10)
CHICAGO, Illinois, July 24 -- The Illinois Senate Republicans issued the following news: Senate Republicans are partnering with the Illinois State Treasurer's Office to bring ICASH events to communities across the state, helping residents identify and reclaim unclaimed property held by the Treasurer's Office. Since 2015, the Treasurer's Office has successfully returned over $2 billion in assets to Illinoisans. According to the Treasurer's website, unclaimed property includes abandoned intangib more PR

TransUnion and SafeGuard Privacy Unite to Help Marketers Navigate Complicated Compliance Conditions (10)
CHICAGO, Illinois, July 24 -- TransUnion, a risk information provider, issued the following news release on July 23, 2024: * * * SafeGuard Privacy helps TransUnion scrutinize third-party data providers' adherence to regulations * * * TransUnion (NYSE: TRU) is announcing a new partnership with SafeGuard Privacy that will help streamline marketers' vetting for compliance when selecting their third-party audience vendors. As marketers look to grow their brand by reaching their high-value audien more PR

Walgreens Receives BARDA Project NextGen Award to Conduct Novel COVID-19 Decentralized Clinical Study (10)
DEERFIELD, Illinois, July 24 (TNSres) -- Walgreens, a subsidiary of Walgreens Boots Alliance, issued the following news release: * * * This study aims to enhance U.S. public health preparedness through Walgreens community pharmacy network, improving access and diversity in clinical trials via a $25M award. * * * Walgreens today announced it received a project award valued up to $25 million through the Rapid Response Partnership Vehicle (RRPV) to conduct a Phase IV observational clinical stud more PR

Winston & Strawn Adds Tax Attorney Katherine Erbeznik in New York (10)
CHICAGO, Illinois, July 24 -- Winston and Strawn LLP, a law firm, issued the following news release: New York--July 22, 2024--Winston & Strawn LLP announced today the addition of Katherine Erbeznik as a partner in the firm's New York office and as a member of the firm's Transactions Department and Tax Practice. Katherine brings extensive experience in a wide range of transactional tax matters, including private equity acquisitions and fund formation, cross-border mergers and acquisitions, real more PR