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Court Rejects $20M Claim In Block 37 Dispute

CHICAGO-Golub & Co. is weighing if it will appeal a Cook County judge's decision rejecting its claim for up to $20 million from Mills Corp.

By Gina Kenny | Updated on March 22, 2007

CHICAGO-A Cook County judge has denied a complaint filed by Golub & Co. against the former Block 37 developer, Chevy Chase, MD-based Mills Corp. The complaint sought up to $20 million for a Mills-negotiated lease that was signed before it sold the office component to joint venture partners, Golub and BlackRock Realty Advisors Inc.

Golub filed the complaint March 7 before the court’s chancery division after learning that Mills was going to cancel the JV’s contract to buy the project’s residential component too. According to published accounts, Mills plans to sell the residential portion to another developer.

Eight days after the complaint was filed, Cook County Circuit Court Chancery Judge Stuart Palmed rendered his decision to deny it. Golub’s attorney tells GlobeSt.com that the company has yet to decide if an appeal will be filed.

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