Sam Lounsberry
Chicago Bureau Chief at The Real Deal
News enthusiast. NBA-obsessed. @ColoradoStateU J-school. Journalist @trdny. Past stops: @nwherald, @dailycamera, @timescall, @reporterherald. Read your local 📰
Articles
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15 hours ago |
therealdeal.com | Sam Lounsberry
Jim Letchinger is holding open the door for Jamie Dimon to exit the troubled Lincoln Yards megadevelopment on Chicago’s North Side. Letchinger’s Chicago-based firm, with financial backing from investment firm Kayne Anderson, is in negotiations to buy the entire 53-acre site of the proposed $6 billion plan on either side of the Chicago River between Lincoln Park and Bucktown, according to multiple sources familiar with the matter.
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2 days ago |
therealdeal.com | Sam Lounsberry
After failing to find construction financing, embattled CA Ventures and its investors walked away from a development site near the Chicago Bears’ potential new stadium in the northwest suburbs. First Bank Chicago seized approximately 3.5 acres of vacant land from an affiliate of Chicago-based CA Ventures through a deed in lieu of foreclosure last month, according to Cook County property records.
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3 days ago |
therealdeal.com | Sam Lounsberry
Chicago developers are teeing up big plans for sites that have been through bumpy rides. JC Griffin’s jump from brokerage into development is set to take a big leap forward as his firm went under contract to pay about $29 million for a key site in Bronzeville where he’s planning a $900 million, 50-story housing tower that will also have an AI learning lab component.
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1 week ago |
therealdeal.com | Sam Lounsberry
Pete Marin’s data center firm is loading up on suburban Chicago’s North Shore. Atlanta-based T5 Data Centers, whose CEO is Marin, bought 32 more acres of vacant land in Grayslake, bringing the amount it has spent in the last year on assembling real estate in the area to nearly $60 million, according to public records. T5 now controls 255 acres as it prepares to build a massive campus of data centers on property once slated for an industrial complex. More land purchases are likely to come.
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1 week ago |
therealdeal.com | Sam Lounsberry
Bruce Stern and his lender for a suburban Chicago office campus are the latest victims of the commercial real estate fallout as another foreclosure lawsuit takes aim at a landlord. Stern’s New Jersey-based firm Red River Asset Management owns one of two adjacent office buildings in western suburban Lombard, and the landlords of both have been plunged into distress in recent years, property records show.
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RT @trdchicago: A Chicago broker was sentenced to four years in federal prison for a $3M fraud scheme https://t.co/ZJ7QulXY1P
NEWS: How Fannie Mae's blacklisted investors tossed $100M into Chicagoland real estate: https://t.co/yCQF7ioa28 via @trdny / @trdchicago #RealEstate #Chicago #retwit
#NuggetsNation why https://t.co/Z7zNZd1l96