American Foreclosure Tours brings you the latest news and information about US real estate foreclosures. Our team of foreclosure experts have extensive knowledge in foreclosure properties including bank owned, HUD homes, and pre-foreclosure properties.
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| | Wed, 28 Jul 2010 17:34:00 -0400 | | | (Crain’s) — Union workers at local Hyatt hotels will take part in a strike authorization vote Thursday, nearly 11 months after the expiration of their last labor contract.
Unite Here Local 1 and Hyatt Hotels Corp. have “made very little progress since we began negotiating (a new contract) ... | |
| | Wed, 28 Jul 2010 14:44:00 -0400 | | | (Crain’s) — The owner of the Sheraton Chicago Hotel & Towers has refinanced the riverside property with a $158.2-million loan from Goldman Sachs & Co., another sign that money is flowing back into the rebounding hotel sector.
The owner of the 1,209-room hotel, Tishman Hotel & Realty L.P., had ... | |
| | Wed, 28 Jul 2010 08:21:00 -0400 | | | (Crain’s) — Joseph Freed & Associates LLC faces a new foreclosure lawsuit at Block 37.
U.S. Bank is seeking $16.75 million from Freed entities related to a mortgage the bank made in 2007 for the planned two-tower residential and hotel portion of the development at State and Randolph streets. ... | |
| | Wed, 28 Jul 2010 08:13:00 -0400 | | | (Crain’s) — Investors looking for signs that South Loop land prices have stabilized didn’t find one at an auction Tuesday of a prominent South Michigan Avenue development site overlooking along Grant Park.
An affiliate of First American Bank prevailed in the auction of the vacant property ... | |
| | Wed, 28 Jul 2010 08:10:00 -0400 | | |
(Crain’s) — Distribution giant U.S. Foodservice Inc. has purchased almost 50 acres in Aurora, a site big enough for a warehouse of about 1 million square feet, larger than any industrial building developed locally since 2008.
Rosemont-based U.S. Foodservice, the biggest privately held ... | |
| | Wed, 28 Jul 2010 08:07:00 -0400 | | | (Crain’s) — AMLI Residential Partners LLC plans to build a 49-story apartment tower in River North after striking a deal with developer Albert Friedman.
Chicago-based AMLI signed a 100-year lease on a 12,617-square foot site on the southeast corner of Clark and Hubbard streets, property ... | |
| | Wed, 28 Jul 2010 08:02:00 -0400 | | |
(Crain’s) — Target Corp., the retail giant renowned for its cheap-chic sensibilities, apparently knows about discount real estate, too.
The Minneapolis-based company paid $9.3 million for a roughly four-acre site on the Near West Side, not even half what the previous owners paid for the ... | |
| | Tue, 27 Jul 2010 13:04:00 -0400 | | |
(Crain’s) — In a sign of just how good it is to be a suburban office tenant these days, a Career Education Corp. school cut its rent by more than 30% at a Hoffman Estates building while slashing its space and extending the lease for two years.
American Intercontinental University Inc. is ... | |
| | Tue, 27 Jul 2010 12:37:00 -0400 | | | Florsheim Mansion for sale
The founder of Round Table Group Inc., an expert-witness search and referral firm, is asking $2.5 million for his Gold Coast home, known as the Florsheim Mansion. The curved brick residence at 1328 N. State Parkway was designed by Andrew Rebori, a prominent Chicago ... | |
| | Tue, 27 Jul 2010 11:57:00 -0400 | | | Sales
A venture affiliated with Chicago-based Wells Street Cos. bought the River North building at 415 N. Dearborn St. for $4.65 million in a sale/leaseback with Sullivan’s Steakhouse. The seller was a venture of Southlake, Texas-based Del Frisco’s Restaurant Group, which operates 20 ... | |
| | Tue, 27 Jul 2010 11:50:00 -0400 | | |
(Crain’s) — Pritzker Realty Group is teaming up with a Maryland real estate firm to buy and develop apartments on the East Coast.
Pritzker Realty has formed a $75-million joint venture with Bozzuto Group, a suburban Washington, D.C., investor, that will seek acquisition and development ... | |
| | Tue, 27 Jul 2010 11:26:00 -0400 | | | (Crain’s) — An index of local home prices rose in May for the second straight month as federal tax incentives pulled more buyers into the market.
The Standard & Poor’s/Case-Shiller index of Chicago-area single-family home prices rose 1.2% from April to May, but was still 1.5% lower than it ... | |
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