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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| | Thu, 11 Mar 2010 14:15:00 -0500 | | | (Crain’s) — A Downstate native with two small college-town projects under his belt scored an unlikely coup by winning the right to lead a $240-million mixed-use development near the University of Chicago.
City and university officials bypassed well-known local developers to select David ... | |
| | Thu, 11 Mar 2010 14:14:00 -0500 | | | (Crain’s) — Capri Capital Partners LLC has taken control of two office complexes in Dallas after the Chicago-based investment firm alleged that the owner, BentleyForbes LLC, defaulted on mezzanine loans.
BentleyForbes transferred the two properties, Preston Commons and Sterling Plaza, to ... | |
| | Thu, 11 Mar 2010 14:13:00 -0500 | | | Continental Towers could go back to lender
Prime Group Realty Trust said Wednesday that is discussing handing back the Continental Towers office complex to the lender in a deed in lieu of foreclosure. The subsidiary of New York-based real estate investment firm Lightstone Group on March 2 ... | |
| | Thu, 11 Mar 2010 10:04:00 -0500 | | | (Reuters) — The chief executive of Simon Property Group Inc. on Thursday said a plan by management of General Growth Properties Inc. to emerge from bankruptcy lacks certainty despite new financial backing.
Simon, the largest U.S. mall owner, last month offered to buy General Growth, the ... | |
| | Thu, 11 Mar 2010 09:44:00 -0500 | | | (AP) — Foreclosure activity rose almost 22% last month in Illinois compared with the same month in 2009, much more than the nationwide increase, according to new data.
More than 17,300 properties in Illinois got a foreclosure-related notice in February, according to Realty Trac Inc., an Irvine, ... | |
| | Wed, 10 Mar 2010 08:26:00 -0500 | | | (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 ... | |
| | Wed, 10 Mar 2010 08:20:00 -0500 | | |
(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 ... | |
| | Wed, 10 Mar 2010 08:00:00 -0500 | | | (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. ... | |
| | Wed, 10 Mar 2010 07:58:00 -0500 | | | (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, ... | |
| | Wed, 10 Mar 2010 07:57:00 -0500 | | | (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 ... | |
| | Tue, 09 Mar 2010 17:04:00 -0500 | | | (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. ... | |
| | Tue, 09 Mar 2010 12:47:00 -0500 | | | 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. | |
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