Coming up on the News at One, RTE.
Irish Financial Crisis Helps Topple Planned Chicago Spire -> online.wsj.com/article/BT-CO-201 … 14149.html
Spire developer loses control of site in foreclosure suit -> chicagotribune.com/business/ … 9947.story
Developer was key force behind interview Drumm gave to two jounalists - PAUL CULLEN -> irishtimes.com/newspaper/ire … 78551.html
Chicago Spire developer sued for $5m
Bank of America has upped the ante against Irish property developer Garrett Kelleher and applied to a Chicago court for a summary judgment against him and his Shelbourne Development company for the repayment of more than $5m (€3.4m) in loans
independent.ie/business/iris … 30170.html
the rounded corners that stick out of that building on Van Buren @1.39 reminded me of the guides story abouit how property tax was based on ‘foot print’ so building outwards was popular! I wonder if the Irish property tax comes in what shenanigans will result
US bank secures $5m judgment against builder Kelleher
A Summary judgment totalling over $5m (€3.5m) has been granted against property developer Garrett Kelleher and his Shelbourne Development company in the US, piling pressure on the embattled businessman.
independent.ie/business/worl … 44188.html
Just watched this. Glad I didn’t pay to do so…
NAMA selling Chicago hole for $92.8m
In that area, rents have gone through the roof because of built up demand so it’s possible that the spire might be built after all.
I hope it does get built eventually. It’s an eyesore at the moment.
a lot lot more has been built in that part of the city compared with 10 years ago.
Developer Kelleher in bid to restart building of Chicago Spire - -> independent.ie/business/iris … 74079.html
From NASDAQ, 24th June 2013
Kelleher fights to reverse sale of Chicago Spire - Roisin Burke -> independent.ie/business/worl … 83241.html
Billionaire tried to pay top dollar for Chicago Spire - Roisin Burke -> independent.ie/business/worl … 36075.html