CHICAGO-A legal fight has burst out between developer Laurance Freed and his partner over a shopping center situated in Schaumburg. A lawsuit filed by Kimco Realty Corp.'s two subsidiaries has said that ventures managed by Mr. Freed has deviated $10 million in an improper way from the Streets of Woodfield mall between 2007 and 2010.
The complaint has also said that Mr. Freed's Joseph Freed & Associates LLC and other firms have refused any wrongdoing. For the full story, go to Crain's Chicago Business.
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