Chicago Cheat Sheet: Alderman Ed Burke faces charges related to job as property tax attorney…& more

Also, Highland Park records priciest home sale since 2015 and online clothing retailer opens store in Lincoln Park

Chicago /
Jan.January 03, 2019 05:30 PM

Alderman Ed Burke (Credit: Facebook and iStock)

Powerful alderman charged

A criminal complaint filed Thursday alleges that Alderman Ed Burke (14th) tried to leverage his position to attract clients for his other job as a property tax attorney. Burke is a 50-year veteran of the Chicago City Council and chairman of its finance committee. The city was bracing for charges since November, when the FBI raided the alderman’s political offices.

Burke has faced criticism in his ward for helping President Trump lower his property tax assessment on the Trump International Hotel & Tower. [Chicago Sun-Times]

Bread company CEO spends dough on Highland Park mansion

Stu Rosen, the CEO of Northbrook-based Highland Baking, paid $4.2 million to buy a 19-room house on two acres of property in the north shore suburb of Highland Park. It was the priciest residential sale recorded in the town since 2015. [Crain’s]

Online clothing retailer joins “clicks-to-bricks” cluster in Lincoln Park

Online recreation apparel seller Outdoor Voices opened a storefront on Armitage Avenue in Lincoln Park, ramping up the trend of Internet-based retailers opening physical presences around the city. Nationwide, about 850 such stores are expected to open in the next five years. [Chicago Tribune]

Englewood veteran center fighting to stay open

Members of a Marine Corp veterans group is launching a $100,000 fundraising campaign to preserve ownership of their South Side building. The group is part of the Chicago chapter of Montford Point Marine Association, a community center for African-American Marine Corps vets. The real estate firm that owns the debt on their building has given them until Feb. 1 before initiating foreclosure. [Block Club]


Related Articles

arrow_forward_ios
Berkadia CEO Justin Wheeler with Moran & Co.'s Tom Moran (Getty)

Berkadia picks up longtime multifamily brokerage

Berkadia picks up longtime multifamily brokerage
The owner of Johnny’s IceHouse East wants to sell the 50,000-square-foot building. (Johnny's IceHouse via Facebook, iStock)

No more ice ice, baby: Indoor skating rink hits market as redevelopment opportunity

No more ice ice, baby: Indoor skating rink hits market as redevelopment opportunity
1919 North Howe Street (Photo via Realtor)

12K sf Lincoln Park mansion sells for $12M

12K sf Lincoln Park mansion sells for $12M
1917 North Howe Street (Google Maps)

Lincoln Park mansion sells for record-breaking $11.9M

Lincoln Park mansion sells for record-breaking $11.9M
110 North Carpenter Street and 333 South Wabash Avenue (Sterling Bay, Shvo)

Here are Chicago’s 10 biggest investment sales of 2020

Here are Chicago’s 10 biggest investment sales of 2020
TTX Company CEO Thomas Wells and 101 North Wacker Drive (Google Maps)

Off the rails: Freight train provider lists West Loop HQ for sublease

Off the rails: Freight train provider lists West Loop HQ for sublease
An aerial of the 3.3 acre lot in Winnetka (Google Maps)

Lake Michigan lot to sell for record-breaking $24M

Lake Michigan lot to sell for record-breaking $24M
203 Sheridan Road (Redfin)

Here are Chicago’s priciest residential sales of 2020

Here are Chicago’s priciest residential sales of 2020
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...