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CHICAGO-A trustee for investors of commercial mortgage-backedsecurities has filed a foreclosure lawsuit against a venture headedby Lloyd Stein, a Chicago-based furniture wholesaler, who failed torepay a $21.96 million loan on the 120,000-square-foot, four-storytower located at 1030 W. North Avenue since June 2010.

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The venture took the loan in June 2004 and the loan matures inJuly 2014. Stein, who operates the office furniture showroom S.Stein & Co. in the tower, is in discussion with the lender toresolve the issue. For the full story, go to Crain's Chicago Business.


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