GLENVIEW, IL-A venture, which owns a five-story medical office building in Glenview, has organized a deed-in-lieu of foreclosure with lender UBS A.G., according to receiver RE Solutions. The owner's move is a result of the filing of a foreclosure lawsuit by the lender on the 83,908-square-foot property over a loan worth $10.6 million.
Summit Real Estate Investments Inc.'s president, Marc A. Harris is the leader of the venture, which used the UBS loan to buy the building for $13.1 million in 2006. For the full story, go to Crain's Chicago Business .
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