Portland, Ore.-based Gerding Edlen Development Inc. plans two apartment towers in Chicago, including one in River North that has landed a $46 million construction loan.
A venture led by Morton Friedkin is set to close this month on Lincoln at River Run, a 374-unit property in southwest suburban Bolingbrook.
An affiliate of F&F Realty Ltd. acquired the closed 192-room property for $1.6 million, a fraction of the $19.8 million the seller owed on it.
Ansonia Properties has agreed to buy the 21-story building at 860 N. DeWitt Place from a trust affiliated with Supera Asset Management Inc.
The agency will move its Chicago HQ next month to 67,600 square feet at the Bank of America building from River Center.
The retailer paid $7.5 million for about 25 acres in the former Sportsman's Park racetrack, where it plans a 190,000-square-foot Super Center.
iStar Financial Inc., which repossessed the property from a Sam Zell trust last December, also tapped U.S. Equities Realty and SRS Real Estate Partners to take over management and leasing.
A venture that includes Chicago investors Ben Weprin and Jeffrey Shapack and restaurateur Brendan Sodikoff is buying a roughly 8,000-square-foot commercial condominium in the lower level of the residential tower at 1300 N. Astor St.
Restaurateur Reza Toulabi, who owns the facilities, defaulted a second time on a $3.9 million loan controlled by MB Financial Inc., according to a lawsuit.
Also, Strategic Hotels shares were up again this morning, and Binny's plans to expand its Lincoln Park store.
British investor Bill Davies' proposal was scheduled to be presented Thursday to the Chicago Plan Commission but has been pulled off the agenda.