Sale
A adventure led by Laugh Factory Inc.'s CEO paid about $7.0 actor for the 37,166-square-foot architecture at 3175 N. Broadway St. in Lakeview breadth the ball club is located. Jamie Masada financed the acquirement of the retail and residential acreage with a $5.0 actor mortgage from Charlotte, N.C.-based Bank of America N.A., according to Cook County records. Along with the 350-seat Laugh Factory Chicago, the alternation has three locations in the Los Angeles breadth and one in Las Vegas, according to its website. The 5,000-square-foot club, a Chipotle and several added tenants absorb the Lakeview building, according to absolute acreage analysis close CoStar Group Inc. The Masada adventure acquired the acreage from a adventure led by broker Patty Markos. Mr. Masada did not acknowledgment calls, and attempts to ability the agent were unsuccessful.
Mortgage
A adventure led by the buyer of Kinzie Chop House adopted $2.0 actor from Wilmette-based North Shore Community Bank & Assurance Co. to refinance the River North architecture apartment the restaurant. The mortgage replaces the actual antithesis on a $2.8 actor accommodation from now-defunct Cosmopolitan Bank & Assurance Co. that the adventure took out to accounts its $3.5 actor acquirement of the acreage in 2003, Susan Frasca, Kinzie buyer and arch of Frasca Hospitality LLC, accepted in an email. The new accommodation comes due in August 2023, Cook County annal show. The steakhouse occupies 7,275 aboveboard anxiety in the 29,100-square-foot bartering architecture at 400 N. Wells St., according to absolute acreage analysis aggregation CoStar Group Inc. A North Shore adumbrative did not acknowledgment calls.
Foreclosure
Ridgestone Bank is suing to aggregate about $1.6 actor from the buyer of a 14,200-square-foot appointment and automated acreage at 3435 N. Kimball Ave. Brookfield, Wis.-based Ridgestone filed to foreclose afterwards the owner, a assurance whose almsman is Alta Vista Graphic Corp. CEO Ernesto Pedroza, absent account mortgage payments in March, according to a complaint filed in Cook County Circuit Court. The Avondale property, breadth Alta Vista's 7,450-square-foot offices are, is on the bazaar with an allurement amount of $1.4 million, according to a business flier from Chicago-based allowance NelsonHill. Alta Vista will abandon the architecture already it is sold, said NelsonHill arch Mark Nelson. Cabworks Custom Elevators LLC has a charter through December 2014 for the actual 6,750 aboveboard feet, Mr. Nelson said. Mr. Pedroza, a Ridgestone backer and the bank's advocate did not acknowledgment calls.
Pipeline
A Ross Dress for Less will accessible a abundance in a 23,557-square-foot amplitude in Cicero. Pleasanton, Calif.-based Ross Food Inc. will absorb $1 actor to acclimate the above OfficeMax abundance in the Cicero Marketplace arcade centermost at 2945 S. Cicero Ave., according to BidClerk.com. The architecture activity will activate mid-September. Ross runs 13 food in the Chicago breadth and affairs to accessible six more, including its aboriginal in the Loop. A Ross backer did not acknowledgment messages.
