Sam Lounsberry

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.

BrightSpire Capital is in danger of losing its grip on a suburban Chicago retail property, after a DuPage County judge appointed a receiver to take control, in a foreclosure lawsuit over a $31 million securitized commercial loan that fell into default.

Fannie Mae is extending its Chicago foreclosure assault against properties connected to Lakewood, New Jersey-based investor Chaim Bialostozky, who's also facing Walker & Dunlop's accusations of making fraudulent real estate deals to receive inflated loan amounts.

Austin real estate developer Nate Paul , whose fall from grace includes federal fraud convictions and political scandals in Texas, is facing a $45.6 million foreclosure lawsuit on the Calumet Center retail property in suburban Chicago.

A strange dispute at 33 West Monroe Street escalated into a court battle between ground landlord Baptist Theological Union and Kohan, a Great Neck, New York-based investor whose main business is retail properties. But lately he has found Chicago office building discounts too tempting to resist buying as the market hovers near record-high vacancy rates.

Ishbia, the head of Shore Capital Partners and Chicago White Sox owner-in-waiting , looks set to leverage a $696 million federal infrastructure grant to Amtrak to secure control of a 47-acre parcel along the Chicago River that currently serves as a 14th Street railyard.

Chicago-based developer John Buck Company's surrender of a West Loop development site at 645 West Madison Street exploded into a multifront real estate battle, with alleged secret buyback attempts, bank merger pressure and a lender-versus-lender Cook County lawsuit.

Special servicer files lawsuit after Lincoln Park hotel debt matures without payoff The Nakash family is going through a tough week in major commercial real estate markets.

Publicly traded data center developer Digital Realty is the parent company behind Allimac 2023 LLC, the Delaware company that has agreed to purchase the 119-acre track property out of bankruptcy for $90 million The Real Deal has learned from multiple people familiar with the transaction.