Sheldon Good 'remains well positioned' after CEO's death: exec
(Crain’s) — The president of Sheldon Good & Co. says the real estate auction company “remains well positioned” following the death of chairman and CEO Steven L. Good. Mr. Good, 52, was found dead Monday morning from an apparent suicide. “It is testimony to Steve’s leadership that ...
General Growth settles lawsuit
(AP) — Struggling mall operator General Growth Properties Inc. said Tuesday it will pay $48 million to settle a lawsuit related to a California mall joint venture. Meanwhile, an entity of General Growth’s founding Bucksbaum family converted partnership units into 42.4 million shares of the ...
Condos sell for big discounts at 2 auctions
(Crain’s) — Residential developers Habitat Co. and Thrush Cos. settled for big discounts in recent auctions of condominiums and townhouses at two South Side projects, selling some units for less than half the original asking price. The steep price cuts represent a new reality for developers ...
Lawsuit seeks to halt planned Hyde Park project
(Crain’s) — The owner of the Village Foods grocery store in Hyde Park has sued to stop a developer’s plans to demolish the Village Center shopping/office complex and build a 24-story residential tower and shopping center there. The plans, which were detailed in October as part of a zoning ...
Our most-viewed stories in 2008
(Crain’s) — Stories about the two biggest condo projects in Chicago were among the most popular news last year on ChicagoRealEstateDaily.com. The top five stories in 2008 all involved the Chicago Spire or the Trump International Hotel & Tower. Donald Trump’s 92-story building, at 401 N. ...
Zell, hotel firm in confidentiality agreement
(Reuters) — Starwood Hotels & Resorts Worldwide Inc. signed a confidentiality agreement with property magnate Sam Zell's Equity Group Investments LLC, according to a regulatory filing, sending its shares sharply higher. Such a move could be in preparation for Zell's firm taking a greater stake ...
