http://www.chicagorealestatedaily.com/ ChicagoRealEstateDaily.com Fri, 20 Nov 2009 16:45:01 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36217 (Crain’s) — How bad is the local housing market? So bad that even the Home Builders Assn. of Greater Chicago has filed for bankruptcy protection. Unable to pay its bills, the Rolling Meadows trade group filed for Chapter 11 protection Friday, nearly four years into a severe industry slump ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36217 Fri, 20 Nov 2009 14:28:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36219 (Crain’s) — Joseph Freed & Associates LLC will be stripped of control of Block 37. A Cook County judge on Friday ruled to appoint a receiver to take over the project, where an underground pedway and a handful of retailers are to open this month. Judge Margaret Brennan agreed to grant Bank ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36219 Fri, 20 Nov 2009 14:17:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36215 United Airlines finalizes Willis lease United Airlines signed its lease earlier this month at Willis Tower, a 15-year deal for up to 450,000 square feet on nine lower-level floors in the 110-story skyscraper, 233 S. Wacker Drive. A United spokeswoman confirms the deal was recently finalized and ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36215 Fri, 20 Nov 2009 12:49:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36213 (Crain’s) — News that two owners of condo-hotel units at the Trump International Hotel & Tower face foreclosure was the most-viewed story in the past week at ChicagoRealEstateDaily.com. The top five in the past week as of Friday morning: 2 Trump hotel unit owners face foreclosure Ald. ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36213 Fri, 20 Nov 2009 12:06:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36204 (Crain’s) — Looking to extend its hot streak of winning local public-sector work, Jones Lang LaSalle Inc. has hired a real estate veteran who once worked on the redevelopment of Times Square. Karen Butler Hiring Karen Butler as a managing director in the public institutions group is part ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36204 Thu, 19 Nov 2009 14:03:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36203 TIF tiff in the East Loop Alderman Brendan Reilly’s opposition to creating a new tax increment financing district for the East Loop “surprised and disappointed” office building owners there who hired a consulting firm to do a TIF-eligibility study. “We were surprised and disappointed to ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36203 Thu, 19 Nov 2009 13:52:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36202 (Crain’s) — PrivateBank & Trust Co. has filed a foreclosure suit seeking to recover $3.85 million on a small office building in the Illinois Medical District on the Near West Side, an area where the recession has failed to curb demand for space. PrivateBank sued Oct. 29, seeking to ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36202 Thu, 19 Nov 2009 13:50:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36199 (Crain’s) — General Growth Properties Inc. said Thursday it has tentative deals to extend almost $9 billion in secured mortgages for an average of more than six years. The agreement means that 170 of the entities that were put under bankruptcy protection in April could emerge by the end of ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36199 Thu, 19 Nov 2009 11:47:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36186 (Crain’s) — Alderman Brendan Reilly (42nd) said he doesn’t support a new tax-increment financing district for the East Loop. Mr. Reilly said the proposed TIF district was advanced by a handful of property owners who funded a TIF eligibility study and tried to convince him and other city ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36186 Wed, 18 Nov 2009 15:10:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36184 (Crain’s) — In an apparent attempt to rid itself of a struggling client, Community Bank of Ravenswood earlier this year engineered the sale of Century 21 Sussex & Reilly to rival residential brokerage Sudler Sotheby’s International Realty, according to lawsuits filed over the deal. But ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36184 Wed, 18 Nov 2009 08:07:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36183 (Crain’s) — In one of the largest downtown leases of the year, Robert Morris University increased its space about 14%, to 323,000 square feet, as part of a long-term lease extension at its main campus at 401 S. State St. Robert Morris extended its lease until 2024 in the 463,232-square-foot ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36183 Wed, 18 Nov 2009 08:06:00 -0500 http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36182 (Crain’s) — Donald Trump’s ritzy new downtown hotel is attracting guests no property owner wants to see: foreclosure lawyers. In another bad sign for the New York developer, lenders have filed foreclosure suits on two condominium-hotel units in his 92-story Chicago skyscraper, which has ... http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36182 Wed, 18 Nov 2009 08:05:00 -0500