Loewenberg and Carlins resigned in December, relinquishing the title of CEO to David Carlins, son of Joel Carlins, and selling their interests in Magellan to Winter Properties and Chicago-based BLG Capital Advisors, based in New York.
“Jim Loewenberg was a great man of great integrity and great innovation in the real estate community,” David Carlins said in the statement. “His work had a deep meaning in our beautiful city and it will remain his legacy.”
Born in 1934, Loewenberg followed his father, Max Loewenberg – whose works included the Whitehall Hotel and the present-day Hotel Lincoln – into architecture. He grew up in downtown Chicago but graduated from North Shore Country Day in Winnetka, joining his family’s architectural firm after earning a bachelor’s degree in architecture from the Massachusetts Institute of Technology.
Focusing primarily on the Chicago residential market, Loewenberg has designed and developed buildings, many along North Lake Shore Drive. In the 1980s, he began teaming up on projects with Joel Carlins, formally joining forces in 2006, when Loewenberg merged his company, NNP Residential, with Magellan, run by Carlins.
Whether as an architect or developer, Loewenberg has been involved in the creation of 45,000 residential units and more than 500,000 square feet of commercial space, the statement said. He won the Urban Land Institute’s Chicago Life Achievement Award in 2009.
Loewenberg’s developments include Gallery on Wells, Grand Plaza and One Superior Place in River North, Wolf Point West Apartments and two buildings still under construction at Lakeshore East, Cirrus and Cascade.
Construction on Vista is nearing completion, though the project faces an uncertain future amid a sluggish downtown condominium market and questions about a planned hotel in the 101-story tower on Wacker Drive, the third highest in the city. Magellan recently bought out its Chinese partner in the project.
With its wavy balconies, Aqua, which includes condos, apartments, and a hotel, is perhaps Magellan’s most popular building in the city, winning numerous design awards and fans of architectural river cruises.
“Jim trusted me and I will always hold a special place in my heart given the creative opportunity he gave me with my first skyscraper, Aqua, and most recently my tallest Vista skyscraper, Gang, founder of Chicago-based Studio Gang, said in the statement.
Loewenberg lost his battle with pancreatic cancer on October 14. He was married for 63 years to Nancy Loewenberg until his death last year. He is survived by his sister Doris Kraus, his daughter Robin (Mark) Tebbe, his grandchildren JR (Katie) Berger and Michael Berger and his step-grandchildren Steve Tebbe and Kira Tebbe. He is also survived by two great-grandsons Max and James Berger.
A memorial service will be held at a later date.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos