Maryville hires new director

DES PLAINES — Raymond P. Coughlin has joined Maryville Academy as director of development. Before joining Maryville, Coughlin was development director for the Archdiocese of Chicago and the Diocese of Cleveland. Coughlin will lead the fundraising initiatives to support transitional, residential and community-based programs for children and families in need. In this role, Coughlin will oversee donor relations. Coughlin was director of the department of stewardship and development for the Archdiocese of Chicago for 24 years. Before joining the Archdiocese of Chicago, Coughlin served for 15 years as associate director, fundraising/communications for the Catholic Charities Corp. in his native Diocese of Cleveland.

Mortgage firm changes name

LOMBARD — 1st Advantage Mortgage LLC announced it has changed its name to Draper and Kramer Mortgage Corp. The name change, which reflects the mortgage company’s role since 2008 as the residential mortgage division of national full-service real estate firm Draper and Kramer Inc., coincides with a recent corporate rebranding at Draper and Kramer. “The 1st Advantage Mortgage name has served us well, but it’s time for a change to reflect how far we’ve come since our start nearly 20 years ago, as well as the history, organization and resources that are behind everything we do as part of Draper and Kramer,” said Paul Lueken, CEO of Lombard-based Draper and Kramer Mortgage Corp. “We’ve grown our market share, and we’re a part of something much bigger now.” The mortgage company has grown its nationwide presence and retail business substantially and is set to fund approximately $2 billion in loans in 2016.

Baxter buys Claris for $625M

DEERFIELD — Baxter International said it will acquire Claris Injectables Limited, a wholly owned subsidiary of Claris Lifesciences Limited, for total consideration of approximately $625 million. Claris Injectables, based in Ahmedabad, India, is a global generic injectables pharmaceutical company. The acquisition will provide Baxter with a pipeline and portfolio of generic injectables with 11 molecules currently approved in the U.S., along with fully integrated research and development expertise and three manufacturing facilities registered with a number of global regulatory agencies, including the U.S. Food & Drug Administration. The boards of directors of both companies have approved the proposed acquisition, which is expected to close in the second half of 2017.

Venture One acquires building

ROMEOVILLE — Venture One Real Estate, through its acquisition fund, VK Industrial III, LP, has acquired a 29,880 square foot multi-tenant industrial building that is located at 552-588 W. Taylor Road in Romeoville. Terms of the acquisition were not announced on Thursday. The property is currently 80 percent occupied and caters to incubator users seeking an institutional quality building. The building is part of the Paragon Business Park. Terry Grapenthin and Caroline Dell of Lee & Associates represented the seller in the transaction and will be retained by Rosemont-based Venture One to market the property. VK Industrial III, LP, is a partnership between Venture One and Kovitz Investment Group.