Developer settles suit over venture linked to UAE sheikh
(Crain's) — Local developer Geoffrey Ruttenberg has settled a lawsuit against a former partner who had recruited him to invest in a billion-dollar fund on behalf of Abu Dhabi's ruling family.
Apartment sector upswing lets Amli put third local project on the drawing board
(Crain's) — With big apartment developments already under way in River North and Evanston, Amli Residential is working up plans for a two-tower 398-unit project in the South Loop.
Legacy's luck: Luxury tower refinances with $60 million loan
(Crain's) – The developers of a half-empty 72-story condominium tower overlooking Millennium Park have pulled off a rare feat in today's depressed condo market.
Lender pursues developer McLean over unpaid $1 million jet loan
(Crain's) – Already facing millions of dollars in foreclosure lawsuits related to real estate, Chicago developer Daniel McLean is now being sued for debt that remains on a twin-engine jet he no …
Aurora shopping center sells for one-third below 2005 price
(Crain's) — GK Development Inc. has paid $20.5 million for the 362,000-square-foot Yorkshire Plaza in the west suburb, 31 percent less than the property sold for more than six years ago.
Davis fund was losing money, lawsuit says
(Crain’s) — A real estate fund formed by Allison Davis has performed poorly, one reason five city pension plans fired a firm led by the Chicago investor as manager of the fund last week,…
Convicted Blagojevich donor Ata sued by former development partner
(Crain's) — Awaiting sentencing in the federal probe of Gov. Blagojevich, Ali Ata faces a new legal problem: a lawsuit from a former real estate partner who alleges Mr. Ata cut him out of $4. 1…
City pension plans fire politically connected real estate fund manager
(Crain's) — Move prompts lawsuit almost three years after a Daley nephew quits firm amid controversy.
Hyatt to run 3 hotels in Saudi Arabia
(Crain's) — Also, the sale of the Echelon at K Station apartments closes and a mixed-use building in the West Loop sold for $2.65 million.
Panel gives preliminary OK to landmarking Wrigley Building
(Crain's) — The Wrigley Building has passed a key first step in the landmarking process.
Illinois AG sues Fla. mortgage document company
(Crain's) — Also, a receiver is named for the former site of the New City Y and a speculative industrial building is under way in Elgin.
Equity Residential's profitability rises but misses Street
(AP) — Equity Residential said Wednesday that its results improved in the fourth quarter as rental income increased and its one-time charges declined.
Suburban office building slated to sell for almost $50 million
(Crain's) — Bridge Development Partners LLC is selling a 163,000-square-foot Lincolnshire office building that has sat vacant since it was completed in 2009 but will soon become the…
Fairmont Chicago owner buys loan on Lakeshore Athletic Club
(Crain's) — The purchase is a possible first step in a takeover of the club, which could serve as a new amenity for Fairmont guests or even be torn down to make way for more hotel rooms.
Hancock owner poised to fight any takeover try: report
(Crain's) — A fund of Goldman Sachs Group Inc. will battle lenders on the John Hancock Center instead of relinquishing the tower, according to a report.
Canadian firm agrees to buy 200 N. LaSalle
(Crain's) — The price of more than $95 million suggests seller Younan Properties will be able to pay off a securitized mortgage on the property that came due in October.
Trump suspends retail leasing effort: 'I'm in no rush'
(Crain's) — The four-level space at the bottom of the Trump International Hotel & Tower still has no stores or restaurants, save for a small salon that serves the hotel.
Solo Cup looks to auction 28-acre former HQ site
(Crain's) — Solo Cup Co. has hired CBRE Inc. to auction its former headquarters in Highland Park about three years after the collapse of an earlier deal to sell the property.
Dan McCaffery to be featured guest at Crain's forum
(Crain's) — Developer Daniel McCaffery is the featured guest for the Crain's Real Estate Forum scheduled for Wednesday, Feb. 15.
Lombard apartment complex for sale
(Crain's) — Also, MB Real Estate takes over leasing and management of the Inland Steel Building and the Commission on Chicago Landmarks will take up a preliminary proposal to give the Wrigley…
