Ready Capital, a New York-based venture, has filed a $33 million foreclosure lawsuit against Condor Partners, a Chicago developer that transformed two vacant warehouses in Pilsen into office space. The complaint was made last month regarding the loan tied to Mural Park – an easily accessible commercial redevelopment project of two 100-year-old former lumber distribution warehouses located on the city’s Southwest Side. Despite initial leasing success prior to the pandemic, decreased demand for office space has led to this foreclosure filing.
Pandora Jewelry and Woori Bank Sign 74K SF of Long-Term Office Leases at 1540 Broadway
GFP Real Estate and BDT & MSD Partners have secured more than 74,000 square feet of new long-term office leases
Steve Griffin
March 6, 2026
