Sam Lounsberry

Chicago-based developer John Buck Company's surrender of a West Loop development site at 645 West Madison Street exploded into a multifront real estate battle, with alleged secret buyback attempts, bank merger pressure and a lender-versus-lender Cook County lawsuit.

Special servicer files lawsuit after Lincoln Park hotel debt matures without payoff The Nakash family is going through a tough week in major commercial real estate markets.

Publicly traded data center developer Digital Realty is the parent company behind Allimac 2023 LLC, the Delaware company that has agreed to purchase the 119-acre track property out of bankruptcy for $90 million The Real Deal has learned from multiple people familiar with the transaction.

The receiver, Chris Neilson of Dallas-based Trigild IVL , is now in possession of the 482-bedroom property known as The Letterman at 410 South Morgan Street in Chicago, as Fannie Mae advanced its $38 million lawsuit against Tan's ownership entity for the real estate, public records show.

Shangxuan Tan’s reign as a rogue borrower appears closer to an end, after a court-appointed receiver last month took a step toward completing foreclosure o

Alpharus Health, the recently rebranded organization formerly known as Gateway Foundation, bought the five-story property at 315-317 North Racine Street, Cook County records show. The seller, an affiliate of Panfil's Aberdeen Development, acquired the real estate for $2.8 million in 2006.

Arsenault's firm Real Capital Solutions, known as RCS, is one of the major buyers of distressed towers this cycle, eyeing many and deploying $644 million on 14 properties over two years, mostly across the Midwest and Sun Belt. He is still looking for more, recently launching a new fund to raise $350 million that can be levered up to an $850 million war chest to buy additional financially troubled office buildings.

The firm purchased 3800 Golf Road in Rolling Meadows from Brennan Investment Group, a high-margin flip on a distressed site.

The Pasadena, California-based firm scored a cash-out refinancing on the 386-key Hilton Chicago Oak Brook Hills Resort & Golf Club, pulling equity off the table without relinquishing ownership of the 150-acre property at 3500 Midwest Road. The property includes the adjacent 18-hole Willow Crest Golf Course, where par is 70.

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