CHICAGO-The owner of the troubled 3728-30 N. Southport Ave. building, developer William Platt has filed for bankruptcy protection in Chicago's U.S. Bankruptcy Court, as the property was hit by a foreclosure lawsuit.
Citigroup Inc. based out of New York has filed a $1.8 million foreclosure suit against the property on a loan of $1.95 million. The occupants at the building include Access Realty Group Inc., Platt Construction Inc. and a branch of Chase Bank. For the full story, go to Crain's Chicago Business.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
