http://www.chicagorealestatedaily.com/ ChicagoRealEstateDaily.com Wed, 10 Mar 2010 13:30:01 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37384 (Crain’s) — A foreclosure suit seeking nearly $20 million has hit Arlington Town Square, a publicly subsidized mixed-use project that sparked a revival of the northwest suburb’s downtown. The project’s nearly 137,300-square-foot commercial space is owned by a group of 30 individual ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37384 Wed, 10 Mar 2010 08:26:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37383 (Crain’s) — American Apparel Inc., a trendy retailer known for its basic T-shirts and provocative advertising, has signed a lease for a downtown store on State Street. The two-level store is to open late this summer in the historic Mentor Building at 39 S. State, replacing a Children’s ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37383 Wed, 10 Mar 2010 08:20:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37382 (Crain’s) — Despite the dormant market for mega-deals, developer Hines Interest L.P. is putting up for sale a new skyscraper anchored by Kirkland & Ellis LLP that could fetch a blockbuster price of $620 million. Hines has hired real estate firm Holliday Fenoglio Fowler L.P. to market 300 N. ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37382 Wed, 10 Mar 2010 08:00:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37381 (Crain’s) — Bank of America has filed a $40-million foreclosure lawsuit on a 225-unit River North condominium project in what could be a preview for other slow-selling downtown high-rises. The developer of the 38-story Silver Tower didn’t pay back B of A’s loan by its Dec. 29 due date, ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37381 Wed, 10 Mar 2010 07:58:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37379 (Crain’s) — A city panel approved another major increase in financial assistance for planned Loop apartment development that has struggled to get off the ground because of rising costs and the tough lending climate. The Community Development Commission signed off Tuesday on a $34-million ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37379 Wed, 10 Mar 2010 07:57:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37375 (Crain’s) — Strategic Hotels & Resorts Inc. has named a former executive at Joseph Freed & Associates LLC and Equity Office Properties Trust as its chief financial officer. Diane Morefield, 51, will replace James Mead, who has left the company, Strategic said in a news release Tuesday. Ms. ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37375 Tue, 09 Mar 2010 17:04:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37368 Lawrence Price, who started the Schoolyard Tavern, a popular watering hole at 3258 N. Southport Ave. in Lakeview, sold the building for $2.1 million to a venture managed by Andrew Gloor, a real estate investor and a co-owner of a small group of bars including Kirkwood Bar & Grill, 2934 N. Sheffield Ave., and the Sidebar Grille, 221 N. LaSalle St. http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37368 Tue, 09 Mar 2010 12:47:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37367 (Crain’s) — The Daley administration is throwing out all the bids to rebuild the Wacker Drive and Congress Parkway interchange after the politically powerful Walsh Construction Co. sued to knock out two rivals for the work and have its $85.8-million bid declared the winner. Chicago-based ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37367 Tue, 09 Mar 2010 12:39:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37366 Diana’s Bananas Inc. paid $1.18 million for a 30,529-square-foot industrial building on the West Side, where it will expand its chocolate-covered frozen banana manufacturing operation by 80%. http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37366 Tue, 09 Mar 2010 12:37:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37364 (Reuters) — Property investment and advisory firm Jones Lang LaSalle Inc. will increase its Greater China staff by 5 percent this year on a robust commercial property market outlook, a senior executive said. There had been a shift in buyers of Chinese commercial buildings to local companies ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37364 Tue, 09 Mar 2010 11:30:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37361 (AP) — Bruce J. Graham, the pioneering architect who designed Chicago's two most iconic skyscrapers, including the formerly named Sears Tower, has died at age 84, a public relations firm hired by his family said Monday. Graham died Saturday morning in his sleep at his Hobe Sound, Fla., home of ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37361 Tue, 09 Mar 2010 09:22:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37360 (AP) — Two major investors in General Growth Properties Inc. are joining Brookfield Asset Management in offering to inject a combined $6.5 billion in fresh funds into the shopping mall operator to help it emerge from bankruptcy protection. General Growth said in a statement late Monday that its ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=37360 Mon, 08 Mar 2010 23:08:00 -0500