Business

Brits buy Church Street Plaza stake

The London-based Grosvenor Group, a real estate investment firm led by the Duke of Westminster, reportedly is acquiring just under half ownership of the Church Street Plaza development, which includes the Century Theatres complex and the Borders Books and Music store.
Crain's Chicago Business estimates the value of the deal at around $30 million. The developer of the complex, Arthur Hill, retains the remainder of the ownership interest.

Bank that began in Evanston is for sale

Privately held GreatBanc Inc. is up for sale, Crain's Chicago Business reports. The bank, founded in 1914 as Evanston Bank, now is parent to three separate Chicago-area banks. One of those, GreatBank Chicago, has a branch in Evanston at Main Street and Chicago Avenue, across the street from the bank's original location.

Crain's says experts believe the bank, with $1.2 billion in assets, will likely sell for about $200 million.

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