Chicago Illinois Real Estate Blog

Joseph Hylak-Reinholtz bought a four-bedroom, 3.5-bath home at 1398 Urban Dr. in Darien from Debbie and Warren Roberts for $505,000 on March 29.
The Robertses bought the property for $363,000 in April 1997. The 2,895-square-foot home was built in 1997 in the Smart Oaks Glen subdivision. It is in the Darien Southwest neighborhood.
Mr. Reinholtz is a [...]

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American Land Lease Inc., a real estate investment trust, said it agreed to be acquired by affiliates of Chicago-based private-equity investment firm Green Courte Partners LLC for $14.20 a share in cash — a 264 percent premium to the stock’s closing price on Tuesday.
The deal, valued at $438 million, including debt and preferred stock, would [...]

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Condominium developer Terrapin Properties faces foreclosure lawsuits on two more investments: a residential development near Rockford and a block of condos its principals own in a River North high-rise.
The suits compound an already difficult situation for Chicago-based Terrapin, which was hit by a foreclosure suit in January over a 162-unit condo project in Kenosha, Wis., [...]

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