From Crain's Chicago Business --

Chicago Business News, Analysis & Articles | Tower builder tie-up? | Crain's

A quote: "Powerhouse New York developer Related Cos. is in advanced negotiations to acquire a stake in Chicago residential high-rise developer Magellan Development Group LLC, which would take over Related's faltering Chicago office."

"Talks to combine two of the Chicago area's largest developers come at a critical time for Related Midwest LLC. The luxury condominium developer is struggling with a slow sales start at its two newest projects and has been without a president."