CHICAGO- Diliberto Real Estate Services LLC, an auction house in Chicago, announced that the auction sale of a riverside site spanning over five acres has been postponed to May 25, 2011. The auction, which was originally planned as a sealed-bid auction, will be now a live auction.
The starting bid for the property owned by Jos. Cacciatore & Co. Real Estate is $8.4 million. Existing zoning of the property permits for a retail space of half-a-million square feet and 1,500 residential units.For the full story, go to Crain's Chicago Business.
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