Wednesday, January 23, 2013
The lawsuit against the 565,000 square foot property is one of the largest foreclosure suits in the Chicago area in recent history, according to Crain's Real Estate Daily.
A foreclosure lawsuit has been filed against Inland Real Estate Corp. for allegations that the Oakbrook-based company stopped making payments on two separate Algonquin Commons shopping center loans last summer, according to media reports. U.S. BANK N.A. filed the foreclosure suit in Kane County Circuit Court in December, seeking repayments of the two loans totaling $109 million, according to the Daily Herald. The Daily Herald reports Inland ongoing vacancies and certain leases that "allowed some tenants to reduce their monthly rents" as a source for its financial woes. The Chicago Business Journal reports the lawsuit filed against the 565,000 square foot property is one of the largest foreclosure cases filed in the Chicago area in recent …
Thursday, September 29, 2011
Chicagoland news to talk about: Tyson recalls 131,300 pounds of ground beef.
Illinois prisons and mental health facilities are already overcrowded and Gov. Pat Quinn plans to close several facilities due to budget constraints. Employees and communities impacted by the impending closures are worried about what will happen to the people living in the closing mental health and jail facilities. The state is considering housing the inmates in gymnasiums. One correctional officer recalled when the state tried housing inmates in gyms in the ‘80s: "I can't tell you the numerous fights, inmate assaults, and staff injuries when this did take place," Randy Hellmann said. Times are tough for restaurateurs and one suburban businessman is hoping his customers will rally behind him and help him keep his pizza place open. The …
Saturday, September 24, 2011
Neighbors living in the 400 block of Thunder Ridge took matters into their own hands when no one else would manage the upkeep of a foreclosed home on their street.
- GOVERNMENT
- Tim Kane
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Saturday, September 24, 2011
Joe Pachay said his next-door neighbors were nice, hardworking people. They kept to themselves. And one day they were gone. About a year ago, a U-Haul truck was loaded up and several trips were made one evening. The next day the house in the 400 block of Thunder Ridge was empty. Pachay read a sign posted on a window. A bank owned the place now. Time passed, and nobody was cutting the grass. “I said to myself, ‘I’ll do it,’” Pachay said. “It’ll get done quicker if I mow it myself.’” It turned out that Pachay and a few neighbors on Thunder Ridge took turns mowing the grass and took turns parking in the driveway to make it appear as if somebody still lived at the now foreclosed home. “I called the bank a few times,” Pachay said. “I was …
Joel Parker
2:13 am on Saturday, January 26, 2013
Dan U look like u are retired despite your disguise and therefor receiving your own type of unemployment it is called Social Security. Also,it's direct deposited so u don't have to Leave the house ,what a deal u have u ungrateful $$$ Oh, u are also mostly likely on Medicare. Is your memory that bad don't worry it is covered by , u guest it,Obama Care. Do u realize u are one of the 47% Romney was … more ›