CHICAGO-Fred Wilpon, the owner of New York Mets, is facing stress over a $100-million loan utilized to finance the purchase of a 30-story office tower in West Loop. The office building, which measures 677,222 square feet at 200 W. Adams St., was purchased in December 2006 by a joint venture between Dallas-based Lincoln Property Co. and New York-based Sterling Equities Inc. for $113.8 million.
The securitized loan on the property has been moved to a special servicer, Needham, Massachusetts-based CWCapital Asset Management LLC. For the full story, go to Crain's Chicago Business .
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