Loop Office Tower Faces Foreclosure After Conversion Fails

Chicago's 105 West Adams Street (iStock, Wikimedia Commons)

Chicago’s 105 West Adams Street (iStock, Wikimedia Commons)

A high-rise tower in the Loop that was supposed to have Chicago’s largest co-living property is now at risk of foreclosure.

A lender filed a $22.8 million foreclosure suit against the owner of the 41-story tower building at 105 West Adams Street. The owner, Musa Tadros, had planned to convert the office space in the building into apartments including a 505-bed co-living portion, according to Crain’s.

The lender, First Midwest Bank, alleges that Tadros failed to make the interest and principal payments on its loan. Tadros initially defaulted on the loan in 2018 when the property failed to meet its required ratio of cash flow to its debt payment.

To help alleviate these challenges, Tadros planned to sell the top 31 floors of the building last fall. The buying group, led by investor Andy Ahitow, said it would redevelop the space into

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Netflix fails to show real importance of the Crown

A cardinal lesson I impart on my students is that we do not watch historical movies and television to learn facts. Rather, we watch these productions to learn how that history is seen by the people who wrote and produced them at that later point in time.

This lesson should be top of mind when viewing “The Crown,” a beautiful production by Peter Morgan that sacrifices facts in an effort to create the narratives needed to make the drama commercially marketable.

If “The Crown” kept to the facts as they are known, we would be left with a far more complex show that likely would make little sense except to those that actually lived the experiences — such is real life. I find myself agreeing with Heather Mallick’s recent frustration with the drama’s sweeping scenes of people surveying pillows or running up stairs.

Why not highlight the important work undertaken

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IN YOUR CORNER: Veteran fights for family home, after contractor fails to pay concrete bill

LOGAN COUNTY, Okla. (KFOR) – Jeff Robinson was finally settling into his Oklahoma life. He’s now in a fight with a concrete contractor and hopes court isn’t on the horizon.

He comes to the Sooner State after years in the military.

“Air Force kind of dumped me off here after I retired,” said Jeff. “We decided to give the kids a little land so they could kind of stretch out, ride bikes.”

That kid-friendly home will soon be found in Logan County country.

But construction is behind schedule and concrete could be to blame.

“It’s just shameful,” said Jeff. “There’s a pattern, wish I had known about this earlier.”

He’s talking about contractor Mathew McRae.

Jeff hired Mathew and his company at the time, Bowen Dozer, back in August.

“Checked them out on the BBB, they had all great and positive reviews,” added Jeff.

Mathew’s many concrete tasks included pouring

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Campaign To Raise Real Estate Transfer Tax Fails, Unofficial Election Results Show


Piedmont property owners are unlikely to have to pay more in taxes when they sell or transfer their real estate property as Measure TT was voted down, according to Tuesday�s unofficial election results.

The measure needed a majority of Yes votes to pass and was just shy with 49.4 percent with two of two precincts reporting. The measure was shy of passing by 54 votes, according to the Alameda County Registrar of Voters office.

The tax would have raised about $950,000 a year to pay for city services and maintain and repair facilities such as police and fire stations, recreational facilities, and other infrastructure, according to the county elections office.

Proponents including all city councilmembers sought to align Piedmont with other East Bay cities by raising the tax from $13 to $17.50 for every $1,000 worth of property sold.

Eric Wong, president of the Bridge Association of Realtors,

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