Cardinal Cupich considering selling opulent Gold Coast mansion
The Archdiocese of Chicago is considering selling the cardinal’s mansion on the Gold Coast. The last two cardinals have resisted living in the stately Queen Anne home at 1555 North State Parkway — known as the “House of 19 Chimneys” — because of its opulence. A spokesperson said Cardinal Blase Cupich, who lives in a dorm setting at the Holy Name Cathedral rectory, is considering the sale but no decision has been made. Cupich’s predecessor, Cardinal Francis George, wanted to sell the home for $15 million but ended up living in it before his death. [Chicago Sun-Times]
Waukegan multifamily property trades for $42M
Monarch Investment & Management Group bought a Waukegan apartment complex for $42 million. The Colorado investor bought the 370-unit Reserve at Eagle Ridge, at 1947 West Eagle Ridge Drive, from Philadelphia-based Independence Realty Trust. Independence paid $28.5 million for the complex in 2014. Monarch now owns nearly 1,100 apartments in Waukegan. [Crain’s]
Developer building big spec industrial complex in Romeoville
Duke Realty is building a 544,000-square-foot spec warehouse in Romeoville. Airport Logistics Center I, as it’ll be known, will sit on a 76-acre site off Renwick Road between Interstates 55 and 355. The property could accommodate an expansion up to 1.3 million square feet, additional parking or a second building. [REJournals]
Kitchen United inks Fulton Market lease
A startup that leases kitchen space is opening a location in Fulton Market. Kitchen United is leasing 12,700 square feet at 201 North Elizabeth Street, where it will accommodate 10 to 15 restaurants needing commercial kitchen space for catering, delivery or takeout. The Pasadena, California-based company opened its first Chicago location in River North in January. [Crain’s]
Couple suing attorneys over handling of tenants rights case
A Chicago couple is suing the Chicago Tenants Rights Law firm for $86,000, saying it mishandled a case against a landlord over a $3,400 security deposit. Richard and Stacey Pandolfi filed the suit against the firm and attorneys Charles Drennen and Michael Ohlman, of Chicago. A former landlord had sued the couple for breaching their lease, and they responded with a counter suit for breach of contract and violating the Chicago Residential Landlord Tenant Ordinance. The suit says the attorneys mishandled the case, resulting in judge awarding the couple less than they should have received. [Cook County Record]