Sam Lounsberry

The battle for control over American real estate data entered a Chicago federal courtroom Wednesday, as Zillow faced off against Lise-based Midwest Real Estate Data and brokerage giant Compass in the first day of a highly anticipated preliminary injunction hearing.

Day two of Seattle-based Zillow's preliminary injunction hearing centered on Jensen's firm, Lisle-based Midwest Real Estate Data , and its controversial private listing network feature touted by New York-based Compass as a tool to help pre-market homes.

The battle over who gets to control residential real estate listings — which Zillow repeatedly called “the lifeblood” of the industry — is in the hands of federal Judge John J. Tharp Jr. after two days of courtroom clashes between the online property portal, Compass and Chicago's multiple listing service.

LG Development Group carved out a comfortable financial cushion for its newly minted Fulton Market luxury apartment high-rise, opting to refinance rather than sell as it navigates a shifting capital landscape and lingering distress across its portfolio.

Dallas-based Tabani Group is looking to cash in on a prime North Shore property, targeting a price tag of a little more than $40 million for Renaissance Place in downtown Highland Park , according to sources familiar with the offering.

Trusts represented by U.S. Bank Trust NA launched three foreclosure suits in Cook County Chancery Court targeting South Side residential properties managed by Wolkowicki's firm, Ruby Development Group. The filings, submitted between July 22 and July 24, seek to recover over $2.2 million in defaulted mortgage debt, adding to the several other seven- and eight-figure legal fights Wolkowicki is both waging and defending against former partners and lenders.

Los Angeles-based Pacific's floating-rate commercial mortgage-backed securities debt transferred to special servicer KeyBank on June 12 after the landlord failed to make its balloon payment at its extended June 9 maturity date, according to Morningstar Credit data. KeyBank lists the expected workout strategy as a deed-in-lieu of foreclosure.

More lawsuits were filed by a lender targeting eight properties managed by the Chicago investor’s firm as his court fights compound.

The mall landlord magnate, who has recently turned his attention to the Windy City's depressed office market as a persistent buyer, allegedly diverted millions in bond proceeds to cover debts on his personal assets, according to Israeli regulatory filings made last month. The controversy, detailed in responses to the Israel Securities Authority submitted to the Tel Aviv Stock Exchange, sheds a harsh light on the financial practices of Kohan's eponymous Great Neck, New York -based company, Kohan Retail Investment Group, and its recent expansion into Chicago.

Adams Street Partners departs 1 North Wacker for 46K sf deal at 120 South Riverside La Caisse's gamble on turning around its two-building Chicago riverfront office complex is starting to pay off.