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How Renovo Fueled an Investor’s $14 Million Chicago Meltdown

Chris Urban and Andrew Holmes (Getty; Illustration by Kevin Rebong/The Real Deal)

Residential
Chicago
May 22, 2025

Inside a $14M fix-and-flip meltdown fueled by lender Renovo Financial

Mounting debt thrust 80 of South Side single-family home investor Chris Urban’s properties into foreclosure
Ruben Espinoza sues Igor Gabal over office bought at steep bargain
Commercial
Chicago
May 21, 2025

Ruben Espinoza sues Igor Gabal over office bought at steep bargain

Insurance payout sparked lawsuit over 300 West Adams
Canadian investor drops $100M for downtown parking garages
Chicago
May 22, 2025

Canadian investor drops $100M for downtown parking garages

Clermont bought four properties in “oversupplied” market; could be redeveloped
No takers on distressed O’Hare office prompts Regions to sell loan
Commercial
Chicago
May 22, 2025

No takers on distressed O’Hare office prompts Regions to sell loan

O’Hare International Center failed to sell, $47.5M debt offered for quick turnover
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