Chicago, IL, United States
Chicago, IL, United States

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News Article | May 7, 2017
Site: news.yahoo.com

CHICAGO (AP) — Four people were killed when the car they were in collided head-on early Sunday with a Chicago city bus, police said. The car, which was speeding, hit a parked vehicle before it veered out of control into the oncoming Chicago Transit Authority bus at around 6 a.m. on the city's west side, said Officer Michelle Tannehill, a police spokeswoman. People in the East Garfield Park neighborhood rushed to the scene and tried to pull victims out of the car, but they couldn't because smoke and flames around the car were too intense, witness Malinda Demery told reporters. "We had to get them out. They were pinned inside there," Commander Curtis Hudson, with the Chicago Fire Department, said later. Television footage showed the twisted wreckage of the car in the middle of the street in front of the No. 20 CTA bus, which appeared largely intact. The bus driver and four passengers were taken to hospitals with non-life threatening injuries, another police spokesman, Officer Michael Carroll, said later Sunday. There were no other car passengers, he said. Police did not immediately release the identities of those who died. The Chicago Tribune and Sun-Times cited police as saying they were all in their 20s. The police department's major accident unit and the CTA were investigating the crash.


News Article | November 17, 2016
Site: marketersmedia.com

See Burbank listings and full market trend reports for Burbank and surrounding areas by visiting www.buypropertyright.com Burbank is located 12 miles SW of the Loop. It is one of the younger communities in Cook County. Incorporated in 1970, it is bordered by Chicago on the east, Oak Lawn on the south, Bridgeview on the west, and Bedford Park on the north. The early history of Burbank features a series of false starts and frustrated plans. The Burbank area contained scattered farms when, in 1850, it became the southeastern portion of Lyons Township. One of the earliest roads to run through the area was the diagonal State Road that connected Ridgeland/Narragansett Avenues to Cicero Avenue. By 1871, State Road attracted the attention of a Pittsburgh investor who laid out a subdivision along this route that apparently never materialized. Instead German and Dutch truck farmers settled in the area. Railroad executive A. B. Stickney planned a massive freight railroad transfer center that included the northern part of Burbank, but the 1893 Depression curtailed his plans. In 1901, this area became the southern end of the newly formed Stickney Township, an 18-square mile tract split from the eastern side of Lyons Township. In 1970, to avoid annexation by Chicago, residents formed the City of Burbank. The name was taken from the local Luther Burbank Elementary School, named after the famous horticulturist. Six years later, in 1976, the city’s population peaked at 29,448. By 1979, nearly all of the City’s land was subdivided. Burbank’s population declined to 27,902 in 2000. More than half of the City’s revenue comes from retail sales taxes. Stores are concentrated along Harlem and Cicero Avenues, the City’s main north-south thoroughfares, with some retail businesses also on 79th and 87th Streets. There is almost no manufacturing in Burbank. The City covers approximately four square miles, only slightly larger than it was in 1970. A mayor, treasurer, city clerk, and seven aldermen run the government. Burbank’s mostly white, middle-class residents drive to their places of business; almost half work in Chicago. Although there is no train service in Burbank, buses link residents to the Chicago Transit Authority. Need more information on Burbank? Feel free to visit www.buypropertyright.com OR contact an area expert, Patrick O’Connell directly, at 708-473-5222 and by email at patrickoc123@gmail.com. For more information, please visit http://www.buypropertyright.com


CHICAGO--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the recapitalization and arranged financing for River North Park, a 400-unit, 24-story apartment tower in Chicago’s River North neighborhood. HFF represented Waterton in the recapitalization of the property. Angelo, Gordon & Co., L.P. purchased a majority interest in the asset for an undisclosed amount. HFF also arranged a short-term, floating-rate acquisition loan on behalf of the new owner with a national bank. River North Park is located at 320 West Illinois Street, steps from the Chicago Transit Authority’s (CTA) Merchandise Mart Brown/Purple station. With a WalkScore® of 98, the property is near the Hubbard Street and Rush and Division entertainment corridors as well as some of Chicago’s top retail attractions along and surrounding North Michigan Avenue. River North Park is also convenient to Lake Shore Drive and Interstates 90/94, 290 and 55 offering access around the metropolitan area. The community features a 24-hour door attendant, enclosed garage parking, fitness center, indoor heated lap pool, internet café and a private, half-acre landscaped courtyard with sundeck and gas grills. The HFF investment sales team representing the seller was led by executive managing director Matthew Lawton along with managing director Sean Fogarty. HFF’s debt placement team representing the buyer was led by managing director Stephen Skok. Waterton is a real estate investor and operator with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value-add strategies and manages a national portfolio of multifamily and hospitality properties on behalf of institutional investors, family offices and financial institutions. Since its formation, the company has invested over $5.3 billion in assets. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. Currently, Waterton’s portfolio includes approximately $4 billion in assets, including approximately 20,000 multifamily units and 13 hotels. Visit Waterton’s new website: www.waterton.com. Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $26 billion. The firm's investment focus centers around three core competencies - credit, real estate and private equity in standalone and multi-strategy mandates for its clients. Angelo, Gordon has approximately 350 employees and is headquartered in New York, with associated offices elsewhere in the U.S., Europe and Asia. For more information, visit www.angelogordon.com. HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.


News Article | February 23, 2017
Site: www.prweb.com

SAE Institute, a world leader in creative media education, announced plans to expand its accredited program offerings, launching the Music Business Program at its campuses in San Jose and Emeryville, California. Designed to prepare students for careers in the music and entertainment industries, SAE Institute’s Music Business Program is an intensive course of study that can help artists, producers, and performers understand how business and creativity can work together to produce quality and commercially successful outcomes. Beginning on March 27, the program will offer a 16-month Associate Degree and a 12-month Diploma at both campuses. Students of the Music Business Program will gain an understanding of the operations of recording companies, music publishing, entertainment law, video production, multi-media technology, website development, marketing, distribution, and entrepreneurship for those who may prefer to start their own entertainment business. Classes explore the way projects are pitched, sold, copyrighted, produced, marketed, and delivered. “I am excited about the direction our campus is headed, and for the new Music Business Program, which will prepare students for a successful career in today’s competitive music and entertainment industries,” says Richard Cox, Campus Director at SAE Institute San Jose. SAE Expression College, located in Emeryville, is preparing to grow their existing creative media programs to provide students with the knowledge and hand-on experience they need to pursue fulfilling, rewarding careers in the music industry. “This is an exciting program for students who are interested in learning more about the business side of the music industry,” says Elmo Frazer, Campus Director at SAE Expression College. “Our instructors are ready to help students learn how business partners with creativity and develop skill sets like problem solving and critical thinking to help them in their career behind-the-scenes.” SAE Institute’s Music Business Program has already seen tremendous success at its Nashville and Chicago campuses, providing students with hands-on, real world experience they need to pursue careers in the music industry. Through exciting capstone projects such as the Pigface art exhibit, a studio takeover, a double decker bus concert, and “Live Line,” a Chicago Transit Authority takeover, students have been able to practice their marketing, event planning, and project management skills, allowing them to put their studies to practical use. Learn more about SAE Institute, its Music Business Program, and how to enroll in classes beginning March 27 by visiting usa.sae.edu. About SAE Institute SAE Institute provides aspiring creative media professionals with a foundation of practical theory and valuable hands-on training in their chosen areas of concentration. Under the guidance of industry-experienced faculty, students gain the essential experience they need for entry-level jobs in the creative media industry. Students are supported in their job searches by SAE’s international network of alumni, many of whom are leaders in the music, film, game arts, and live performance arenas. SAE Institute offers programs in Audio Technology in seven US campuses, along with a Music Business program at select locations, all fully accredited and focused on preparing students for employment upon graduation. Bachelor’s Degree programs in Animation & Visual Effects, Digital Filmmaking, Game Art & Design, Interactive Audio, and Sound Arts are available at SAE Institute San Jose and SAE Expression College in the San Francisco Bay Area, formerly Ex’pression College. SAE Institute Group, Inc. is a part of Navitas LTD. Learn more at usa.sae.edu. About Navitas Navitas is an Australian global education leader, providing pre-university and university programs, English language courses, migrant education and settlement services, creative media education, student recruitment, professional development, and corporate training services to more than 80,000 students across a network of over 120 colleges and campuses in 31 countries. Learn more at Navitas.com.


Cleantech Talk #22 is now live, and you can listen below! Hot topics included the Koch Brothers and their latest plan to destroy society (if only those pesky kids didn’t get in the way), Ontario giving EVs some northerly love, and GM going full blast (er… 50% blast) into an EV & alternative powertrain future. As always, you can subscribe to Cleantech Talk on iTunes or SoundCloud, and you can download the current episode here or watch it in the embedded player below. And… Matthew’s helpful show notes are below the player. I’ll just throw in this link to the Joe Romm piece I mention toward the end. Science has established that money bends judgment, as surely as gravity bends light. While many (generally younger) billionaires have made the commendable commitment to donate most of their wealth to charity, many of their peers have not. And in America, there’s no clearer example of how astonishing wealth can bend judgment astonishingly, than the Brothers Koch. Fresh off launching a charm offensive (featuring the best rebranding money can buy) the petroleum plutocrats have returned to old ways, bankrolling a campaign to sing the praises of fossil fuels for transportation, as a defensive move. (As early as 1989, the Kochs – already worth billions — were defrauding a destitute Indian reservation of oil royalties they were legally due. The reservation’s private investigator, Greg Palast, would later be the first to report on the voter purge in Florida prior to the 2000 Presidential election, a story picked up by the BBC, but not any American networks. Go figure.) It looks like the Kochs’ message will be that their opposition to plug-in electric vehicle policy support is rooted in the fact that they’re philosophically against subsidies and regulations, which distort markets. It’s a clever argument, which misdirects the audience away from the bigger point that — like all human constructs — markets are inherently imperfect, and societies have the right to pursue their self-interest in trying to correct those imperfections. It’s also worth pointing out that the American plug-in electric vehicle federal tax credit was enacted as part of the Energy Extension and Improvement Act of 2008, which readers may better know as “that everything-but-the-kitchen-sink law they passed in a panic when the global economy was collapsing”. Many groups and industries were able to get a piece of what they wanted in the legislation, and one can be sure Koch Industries got a massive slice of policy largesse. For all their electric vehicle enthusiasm, listeners will almost certainly have friends and family who aren’t fully bought into the idea of plug-in electric vehicle purchase incentives. (Especially in Ontario, where rebates of up to $14,000 are now possible.) These are the “swing voters” the Kochs are targeting with their pro-petrol pablum. It will be important to emphasize (and re-emphasize) to our consanguines and colleagues that policy support is a short-term phenomenon, because battery costs are dropping faster than pretty much anyone thought possible. When we bring Norway into the conversation (“there’s a country today, where more than 23% of new cars sold last year runs largely or completely on clean hydroelectricity!”) we can also note that Norway’s path to electric transportation has been a long one: the country truly had been “into electric cars before electric cars were cool”. As long ago as the 1994 Winter Olympics, Norwegian entrepreneurs had been hand-building electric vehicles with an eye to eventual commercialization. Alas, the visionaries at Th!nk Global were a bit too far ahead of their time. With the possible exception of “Koch Bros”, “fuel cell” might be the pair of four-letter words most likely to make plug-in electric vehicle advocates see red. It’s unsurprising that automakers would continue to invest in the technology, however, as fuel cells offer a zero-emissions alternative which doesn’t require any behaviour change from the consumer. And as much as early adopters believe it’s easy, painless, and cheaper to make adjustments … we tend to be the minority. (Matthew’s vegetarian and vegan friends have made these exact same points, but in the end he just can’t give up sushi.) The broader auto industry’s shift from fuel cell-centric to battery-focused is probably best exemplified from this story involving the Chicago Transit Authority. After successfully trialing two battery-electric buses in 2014, the CTA recently purchased 27 more, thanks to a modest grant. That’s a more than tenfold increase in a two year timeframe, for one fleet. Nineteen years ago (way back in 1997, kids!) the Chicago Transit Authority purchased three fuel cell electric buses, becoming the first transit authority to run a fuel cell fleet trial. Twenty years later, there’s probably something on the order of a hundred fuel cell electric buses in operation around the world. While most of their technological hurdles have been overcome (and plentiful renewable energy could  make for fossil-free hydrogen fuel) it’s hard to see fuel cells playing more than a supplementary role in zero-emission passenger car transport. But even if plug-in electric vehicles dominate the zero-emission vehicle category, the prudence of being able to offer cars “for every purse and purpose” would seem to ensure that automakers will hedge their zero-emission bets with hydrogen and perhaps other technologies. Image by DonkeyHotey (some rights reserved)    Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”   Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10.   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.  


News Article | March 25, 2016
Site: cleantechnica.com

The Chicago Tribune reported earlier this month that the Chicago Transit Authority (CTA) approved a $1.3 billion contract to replace nearly half of the rail cars in service – 846 cars to be exact – the largest such purchase in the authority’s history. Over the next 10 years, the new series of rail cars will be manufactured on Chicago’s Southeast side by CSR Sifang America, a partner of Chinese state-owned rail car manufacturer CRRC Qingdao Sifang and CSR America, the same company currently building cars for the transit system in Boston. This new order of rail cars, the 7000 series, will replace the old 2600 series from the 1980s. The most recent series of cars, the 5000 series, was manufactured by Bombardier Transportation, though the company lost this year’s bid by $226 million. Compared to the 5000 series, the 7000 series will have a different seating arrangement and LED lighting. The 5000 series cars have aisle facing seats which proved to be unpopular with riders. Modeled more like New York City-style cars, the wider aisles were designed to accommodate more riders during rush hour but were met with negative reviews because Chicago riders did not appreciate having their feet stepped on or having their view obstructed while seated. The 7000 series cars will feature two different seating configurations as a hybrid of the 5000 and 3200 series now in service on the Orange and Brown Lines. With roughly 38 seats, the front of the cars will have the aisle-facing seats for rush hour riders and the remainder will have a mixture of front- and rear-facing single seats. The project will create nearly 175 jobs at the Southeast side factory at 135th St. and Torrence Avenue over the next 10 years, with prototypes rolling out in 2019, and the cars going in service by 2020 according to CTA spokesperson Brian Steele. Chicago Mayor Rahm Emanuel, at the CTA press conference, called the deal historic and expressed hope that the plant will be used to fulfill further national rail orders in the future. He is optimistic about the possibility of the manufacturing plant creating more local jobs. “It’s one thing to order new cars and the customers will get a great experience. It’s another thing to order those cars and create great manufacturing jobs in the city of Chicago, and bring back rail-car manufacturing to its proper home,” said Emanuel. The purchase will eventually create one of the youngest fleets of rail cars in the country, according to CTA president Dorval Carter. The average rail car age will drop from 26 years to 13 years when all new cars are finally in service, and save an estimated $7 million in annual maintenance costs. Good news for Chicago. Hopefully the spiffy new fleet will sway a few people towards public transit. Reprinted with permission.    Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”   Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10.   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.  


News Article | February 3, 2016
Site: cleantechnica.com

Following the recent and positive completion of an electric bus trial program, the Chicago Transit Authority has committed to purchasing a fleet of 20 to 30 electric buses over the next few years, according to recent reports. The Chicago Transit Authority (CTA) first took delivery of electric buses — two of them — back in October 2014 for the aforementioned testing process. Things seem to have gone well enough — with no significant mechanical issues being reported since then — that the authority has decided to slowly transition to the new modality. The two buses that have been in service since 2014 are 40-foot models from New Flyer Industries — each outfitted with 300-kilowatt-hour (kWh) lithium-ion battery packs, allowing for a range of around 80 miles per full-charge. The pair have already carried around 100,000 passengers on 13 routes — racking up 25,000 in-service miles. The buses’ battery packs are intended to last their entire service lives — meaning about 12 years. Officials claim the emissions reductions from operating the two buses is the equivalent of removing 14 internal-combustion cars from the road, and adds up to $39,000 in health-benefit savings. In an “average year of use,” the CTA expects each bus to save $25,000 in fuel, and $55,000 in public-health costs. The agency will issue a request for proposals later this year, for both additional 40-foot electric buses and charging stations that will be placed along their routes. The newly announced fleet purchase is expected to run $30 to $40 million, with federal funding support contributing to some degree. The CTA will reportedly still operate diesel-electric hybrids for some time — and some diesel buses will be outfitted with particulate filters, it should be noted.    Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”   Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10.   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.   James Ayre 's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


Trademark
Chicago Transit Authority | Date: 2012-05-03

General purpose reloadable prepaid magnetic cards for transit fare services and general consumer merchandise; prepaid magnetic cards for transit fare services and general consumer merchandise; debit cards; computer application software for mobile phones, tablet computers, PDAs, and personal electronic devices, namely, software for use in electronic payments and transactions; software for processing electronic payments; multi-functional electronic payment computer terminals and computer kiosks; computer bags. Messenger bags. Pre-paid card services, namely, processing electronic payments made through prepaid cards; prepaid card services; debit card services; Providing a website featuring reloadable pre-paid and debit card services. Providing a website featuring technology that allows users to purchase and reload pre-paid cards and debit cards.


Trademark
Chicago Transit Authority | Date: 2012-05-03

General purpose reloadable prepaid magnetic cards for transit fare services and general consumer merchandise; prepaid magnetic cards for transit fare services and general consumer merchandise; debit cards; computer application software for mobile phones, tablet computers, PDAs, and personal electronic devices, namely, software for use in electronic payments and transactions; software for processing electronic payments; multi-functional electronic payment computer terminals and computer kiosks; computer bags. Messenger bags. Pre-paid card services, namely, processing electronic payments made through prepaid cards; prepaid card services; debit card services; Providing a website featuring reloadable pre-paid and debit card services. Providing a website featuring technology that allows users to purchase and reload pre-paid cards and debit cards.


Trademark
Chicago Transit Authority | Date: 2014-05-20

General purpose reloadable prepaid magnetic cards for transit fare services and general consumer merchandise; prepaid magnetic cards for transit fare services and general consumer merchandise; debit cards; software for processing electronic payments; multi-functional electronic payment computer terminals and computer kiosks. Pre-paid card services, namely, processing electronic payments made through prepaid cards; prepaid card services; debit card services; Providing a website featuring reloadable pre-paid and debit card services. Providing a website featuring technology that allows users to purchase and reload pre-paid cards and debit cards.

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