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 |Tags: chicago apartment investor, chicago multi family real estate, chicago multifamily real estate
(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 ...


