Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-The owner of some retail complexes spanning 65,000 square feet in the Gold Coast and Lincoln Park, Fred Latsko has agreed for a settlement in a foreclosure suit for $21 million. The vacancy rate at the building rose to 20% in 2009 from below 3% in 2004.

As per the agreement Latsko will pay $400,000 interest by the end of June 2011 and one of his ventures paid $1.7 million and remaining charges to avoid foreclosure of the property. For the full story, go to Crain’s Chicago Business.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.