Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LINCOLNWOOD, IL-First Midwest Bank, the lender on the Purple Hotel, has filed a foreclosure suit against the owner of the hotel at 4500 W. Touhy Ave. in Lincolnwood. The owner, a venture headed by Donald Bae of Skokie, has previously lost one legal conflict with the village of Lincolnwood regarding the demolition of the building.

Now, the lender has filed the $4.2-million foreclosure lawsuit on the 293-room hotel. First Midwest filed the suit with the Cook County Recorder of Deeds on April 26.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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.