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.
“Van Nuys Industrial Lease Secured by Aviation Manufacturer”
Rancho Realty Group Corporation successfully facilitated the signing of a 31,000-square-foot industrial lease at 7850 Haskell Ave. in Van Nuys.
Steve Griffin
November 22, 2024
