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Commercial Real Estate Continues Its Descent in 2024 therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Troubled Developer Paris Faces $26M Old Town Foreclosure therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Robert J. Lifka, Author at Oak Park oakpark.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oakpark.com Daily Mail and Mail on Sunday newspapers.
While some neighbors of the long-delayed and now stymied condominium development at Lake and Lathrop in River Forest were heartened that the village government pulled the project’s building permits Sept. 15, Marty Paris, the principal developer, told Crain’s on Monday that he remains confident he will complete the project.The 22-unit mixed use condo project has gone through multiple incarnations and developers and endless delays that have stretched well over a decade. Since spring Beverly Bank and Trust, a unit of Wintrust, has been in court seeking through foreclosure to claw back a portion of the funds it advanced for the development project. Earlier this month a Cook County court appointed a receiver to manage the property.River Forest’s village board had told Sedgwick Properties, Paris’ company, that it had until Sept. 15 to secure financing for the project or lose its construction permits. When the receiver was appointed, the village pulled the permits and, according to Cr ....
Sedgwick Given Tight Deadline to Fix Troubled River Forest Project therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.