HIGHLAND PARK, IL-Wells Fargo Bank has filed a foreclosure suitagainst the owner of the 29,203-square-foot Laurel Terrace inHighland Park in order to reclaim $10.2 million. A venture headedby Sharon Lederman Burack owns the mixed-use structure at 1777Green Bay Road.
In October 2007, the venture secured a $10.2-million loan torefinance the building, but it stopped making monthly payments inJanuary. The building, developed in 2007, houses Ravinia Associatesin Internal Medicine and Freedom Home Care. For the full story,go to Crain's Chicago Business .
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