Loan snag prompts South Loop project into Chapter 11

By ChicagoRealEstateDaily.com. Filed in chicago apartment buyer, chicago apartment investor, chicago multi family real estate, chicago multifamily real estate  |  
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(Crain’s) — Thwarted in a bid to extend a $26.2-million loan, the owner of a Roosevelt Road retail center whose tenants include Best Buy Co. and Bed Bath & Beyond Inc. has filed for Chapter 11 bankruptcy. When the five-story project at 555 W. Roosevelt Road was completed in March 2008, it was ...

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