News about properties and real estate
Pritzkers put Presidential Towers on the block [Chicago] Complex likely to sell for $450 million or more in big payday for Pritzkers. Eleven years after bailing out the Presidential Towers apartment complex, Chicago’s billionaire Pritzker family is selling the 2,346-unit West Loop property, which could fetch $450 million or more. Built with public subsidies in …
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Developers rethink plans in slow market [South Florida] The music in the residential real estate market has stopped, but the players still are changing seats. Developers with unbuilt projects are weighing whether to sell, sit on or find some other use for their dirt. Rodolfo Gonzalez is an owner of three prime condo sites in …
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Debts piling up in Husani’s wake [South Florida] Michael Tringali is having trouble making payments on the massive real estate-related debt he accumulated with help from his former partner, Neil Mohamed Husani. The 44-year-old developer and home builder missed several installments on a $7.3 million loan from Clearwater-based Mercantile Bank and a $4.9 million loan …
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Court, suspect reach deal [Massachusettes] Home loan scam alleged A Holden woman who is allegedly part of a massive mortgage-fraud scheme has agreed to let a title company have a $745,000 judgment against her. Stewart Title Guaranty Co. was seeking to have the woman, Jamie Brown, cited for contempt because, in her capacity as trustee …
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Company’s sales pitch exploited link to Magic [Central Florida] Main Street USA implied team had association with investments The Kissimmee company whose owner sits in jail, accused of a multimillion-dollar real-estate fraud, misused its corporate sponsorship of the Orlando Magic to lure local investors to some of its sales presentations, Magic officials and others say. …
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Trailer park sold, but no big changes planned — yet [South Florida] The owner of a dilapidated trailer park has sold the property to pay off her debts. Though nothing is changing for now, the new owners said they will consider building low-income housing on the site in the future. Little Farm Trailer Park, a …
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