CHICAGO-Bank of America Corp. has filed a $6.28 millionforeclosure suit against a parking garage with seven levelssituated at 2 E. Oak St. The owner of the valet parking garagehaving space for 300 plus cars is a Next Realty LLC venture.
The suit claims that the owner defaulted on the interestpayments in December last year and executives from Next Realty havepersonally guaranteed the loan for $5.88-million in November 2005.For the full story, go to Crain's Chicago Business.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
