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Red River Defaults on Suburban Chicago Office Loan

701 East 22nd Street and 747 East 22nd Street in Lombard with Bruce Stern of Red River Asset Management, Arne Shulkin of LNR Partners and Jared Lucero of Reef Capital (LinkedIn, Loopnet, , Reef Capital)

Commercial
Chicago
Dec 9, 2024

Bruce Stern served second dose of distress at suburban office campus

More than $32M in debt fell into default in Lombard as joint venture of Red River and Lincoln Property Co took hit
JPMorgan’s head of CRE, Michelle Herrick, will be based in Chicago
Commercial
Chicago
Dec 9, 2024

JPMorgan’s head of CRE, Michelle Herrick, will be based in Chicago

Herrick rose to the top of the New York-based firm while sticking to her local roots
United Center Redevelopment Could Benefit From Taxing District
Politics
Chicago
Dec 9, 2024

Reworked TIF district could benefit $7B United Center redevelopment

Mayor Brandon Johnson wants to carve out the West Loop from a district in a move that could spur development the West Side
Ruben Espinoza facing $35M loan trouble on Southwest Side
Commercial
Chicago
Dec 6, 2024

Ruben Espinoza facing $35M loan trouble on Southwest Side

Sprawling industrial and office building in Brighton Park neighborhood is headed to special servicing as commercial tenant gets ready to exit lease and another fights to get deposit back