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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3 weeks ago |
therealdeal.com | Sam Lounsberry
An investor’s allegation that CA Ventures CEO Tom Scott and his longtime associate Jeffrey Krol engaged in “horrible stewardship” of real estate near the potential Chicago Bears stadium site in Arlington Heights didn’t hold up in court. Cook County Circuit Court Judge Sophia H.
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3 weeks ago |
therealdeal.com | Sam Lounsberry
Chicago developer Brian Goldberg jumped into an office-to-residential conversion well before the pandemic made such projects trendy. But his firm LG Group’s bet on a Loop building at 330 South Wells Street exposes the risks of such real estate endeavors, as well as the hazards of adjustable interest rate loans that have been taking tolls on multifamily landlords across the nation.
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3 weeks ago |
therealdeal.com | Sam Lounsberry
It’d be fair to assume Kayne Anderson’s move to take on Chicago’s stalled $6 billion megadevelopment called Lincoln Yards is a vulture capital play. There’s significant financial trouble with the project. The reasons for its collapse and potential revival became clear in May, as a real estate catastrophe that began years ago seemed to find a way forward.
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3 weeks ago |
therealdeal.com | Sam Lounsberry
Top executives of some of Chicago’s biggest residential brokerages revealed where they stand on the National Association of Realtors’ controversial Clear Cooperation Policy. It’s little surprise that Thad Wong, co-CEO of Chicago’s biggest brokerage @properties, criticized the rule that requires listings to be posted on the MLS within a day of being marketed publicly. Its biggest opponent has been Robert Reffkin, CEO of Compass, which bought @properties for $444 million this year.
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4 weeks ago |
therealdeal.com | Sam Lounsberry
Yitzy Klor found a new pool of investors to save a Gold Coast condo deconversion deal that an affiliate of his firm previously lost in foreclosure. The venture of Klor’s Skokie-based firm Strategic Properties of North America paid $21 million to buy back 1211 North LaSalle Street from the court-appointed receiver who took possession of the 68-unit building through a foreclosure lawsuit initiated last year by Irvine, California-based lender CoreVest.
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RT @trdny: Chicago boasts some of the most iconic skylines in the world, built and designed by some of the most iconic architects in the wo…
NEWS: How lender Renovo Financial fueled a $14M fix-and-flip meltdown on Chicago's South Side: https://t.co/Jj3V521muJ via @KelliannDuncan for @trdny / @trdchicago #RealEstate #Chicago #retwit
NEWS: Kayne Anderson, JDL eyeing south side of Lincoln Yards as JP Morgan exits $6B Chicago megaproject: https://t.co/mBsk8LLV79 via @trdchicago / @trdny #RealEstate #Chicago #retwit