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.
7 Hidden Issues That Undermine Multifamily Property Culture and Performance
Efficient operations are essential for keeping multifamily properties running smoothly, but industry experts argue that culture at the property level
Steve Griffin
April 24, 2026
