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Chicago Cheat Sheet: Billionaire Pat Ryan buys another Mag Mile condo…& more
Also, the daughter of Ann & Robert Lurie is the latest high-profile buyer at No. 9 Walton
Pat Ryan buys $4.4M Magnificent Mile condo
Billionaire Pat Ryan and his wife, Shirley, paid $4.4 million for a three-bedroom, 4,100-square-foot condo on the 62nd floor at 900 North Michigan Avenue. The retired chairman of Aon Corporation and his wife also own a 10-bedroom mansion in Winnetka and another unit on the same floor as their new condo that they bought in 1989 for $1.9 million in 1989. [Chicago Tribune]
Lincoln Park building is city’s latest condo deconversion
A Lincoln Park condo building is the latest deconversion in the city. The association of the 20-unit building at 512 West Wrightwood Avenue agreed to a bulk sale of all the unite to Horizon Realty Group for $4.55 million. [Connect Media]
City’s last Kmart closing, leaving Sears Holding with no Chicago stores
The last Kmart in Chicago will shutter as part of Sears Holdings’ latest round of store closures. The company announced the latest closings Thursday, saying the stores will shut down in February. The Kmart at 3443 West Addison Street in Avondale is the company’s last store in Chicago: The last Sears store in the city, at Six Corners in Portage Park, closed in July. [Chicago Tribune]
Sara Lurie buys No. 9 Walton condo for $5.7M
Sara Lurie, daughter of philanthropist Ann Lurie and late real estate executive Bob Lurie, paid more than $5.7 million for a four-bedroom condo in JDL Development’s luxury Gold Coast tower No. 9 Walton. She joins a number of high-profile buyers in the building at 9 West Walton Street, including billionaire Ken Griffin, Blackhawk Jonathan Toews, Cub Jason Heyward and Ferrara Candy CEO Todd Siwak. [Crain’s]
Oak Lawn grocery store changes hands for $16 million
A 47,000-square-foot Oak Lawn grocery store traded for $16 million. The Boulder Group’s Randy Blankstein and Jimmy Goodman had both sides in the deal for the Jewel-Osco at 4650 West 103rd Street. [REBusiness Online]
Developer John Liu plans 13 townhomes at historic Kenwood church
Hyde Park Capital’s John Liu plans to build 13 townhouses behind the facade of a historic church building in Kenwood that has stood empty for 15 years. Liu, who lives a few blocks away in Kenwood, said he lined up investors from China to support the project. Each townhouse would be about 3,500 square feet with an underground garage and would be priced around $1.2 to $1.7 million, Liu said. [Crain’s]
Couple buys Long Grove home by Frank Lloyd Wright protege
A former Obama administration official and a Mars candy exec bought a modernist house in Long Grove designed by Frank Lloyd Wright protege Dennis Blair. Asim Mishra and his wife, Madhuri Patel, bought the four-bedroom 3,800-square-foot home on Prairie Wind Drive for $1.15 million. [Crain’s]