06.18.13
Venture to pay $1.37 million for Maxim’s restaurant space
A venture that includes Chicago investors Ben Weprin and Jeffrey Shapack and restaurateur Brendan Sodikoff is buying a roughly 8,000-square-foot commercial condominium in the lower level of the residential tower at 1300 N. Astor St.
New owner plans makeover of Ford City Mall
iStar Financial Inc., which repossessed the property from a Sam Zell trust last December, also tapped U.S. Equities Realty and SRS Real Estate Partners to take over management and leasing.
Citing loan default, bank seeks to sell Cheetah Gyms
Restaurateur Reza Toulabi, who owns the facilities, defaulted a second time on a $3.9 million loan controlled by MB Financial Inc., according to a lawsuit.
06.17.13
Traffic questions delay panel review of Post Office plan
British investor Bill Davies' proposal was scheduled to be presented Thursday to the Chicago Plan Commission but has been pulled off the agenda.
Chicago Defender building put up for sale
Also, Strategic Hotels shares were up again this morning, and Binny's plans to expand its Lincoln Park store.
06.14.13
Goose Island brewpub in Lincoln Park on brink of closing — again
Lease negotiations for the 12,500-square-foot restaurant and bar at 1800 N. Clybourn Ave. have broken down because of a dispute about rent and are "not moving forward."
New Yorker seeks big return on Loop office sale
Michael Silberberg has hired HFF Inc. to sell the 24-story office tower at 111 W. Jackson Blvd., which Mr. Silberberg predicts will fetch about $135 million.
New Yorkers seek big return on Loop office sale
Michael Silberberg and David Werner have hired HFF Inc. to sell the 24-story office tower at 111 W. Jackson Blvd., which Mr. Silberberg predicts will fetch about $135 million.
Inland buys Downers Grove shopping center
Also, a West Loop office building is listed for $13.7 million, and two adjacent buildings in downtown Oak Park are on the market.
Buck to sell Elk Grove Village office building at steep discount
A venture Farbman Group has agreed to buy the 10-story building at 25 Northwest Point Blvd. for about $20 million, about 37 percent less than Buck paid in 2007.