Illinois commercial real estate distress
In Illinois, CREdocket's records show 2 CMBS loans reported in foreclosure, bank-owned or in bankruptcy ($23.3M in balances); 2 real estate Chapter 11 petitions in the last 90 days; 2 federal lawsuits naming commercial real estate businesses; and 17 lender suits and foreclosure cases on the tracker. They come from county foreclosure notices, CMBS trust filings with the SEC, federal court dockets and the CREdocket tracker, and are updated every day. Records are counted from the last 12 months; each links to its own page and source.
CMBS loans in trouble
Loans in commercial mortgage-backed securities trusts that the servicer reports in foreclosure, bank-owned (REO) or with the borrower in bankruptcy, from the trusts' monthly filings with the SEC. Largest balance first.
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CMBS
Goldcoast LogisticsIn foreclosure · 30-59 days delinquent · BBCMS Mortgage Trust 2023-C22$12.0Mloan balance
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CMBS
Elgin Office CampusBank-owned (REO) · 30-59 days delinquent · BENCHMARK 2018-B6 MORTGAGE TRUST$11.3Mloan balance
Real estate Chapter 11 petitions
Petitions by real estate businesses in the federal bankruptcy courts in Illinois, newest first.
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Chapter 11
JSP Development Corp.Bankruptcy Court, N.D. Illinois · No. 26-18343
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Chapter 11
6363 West 73rd Street, LLCBankruptcy Court, N.D. Illinois · No. 26-16232
Federal lawsuits naming CRE businesses
New federal civil cases in Illinois between businesses that name a commercial real estate company, or that concern real property foreclosure or a lease.
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Federal suit
Brementown Mini Mall, LLC v. Auto-Owners Insurance CompanyU.S. District Court, N.D. Illinois · No. 1:26-cv-12616
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Federal suit
Lument Real Estate Capital, LLC v. Lansing Riverwood, LLCU.S. District Court, N.D. Illinois · No. 1:26-cv-11144
Lender suits and foreclosure cases on the tracker
CREdocket write-ups of commercial lending and foreclosure litigation, with the parties, the amounts at stake and what happened.
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Lender suit
CommunityAmerica Credit Union v. Liberty 35 Wacker LLCCircuit Court of Cook County, Illinois, Chancery Division · CommunityAmerica Credit Union sued in Cook County to foreclose a $236 million loan on Shaya Prager's 35 West Wacker Drive office tower after borrower Liberty 35$236Mloan
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Lender suit
Torchlight Sues Prime Group to Halt JW Marriott Chicago Conversion WorkCircuit Court of Cook County, Illinois, Chancery Division · Torchlight, special servicer for bondholders that foreclosed on Chicago's JW Marriott, sued developer Mike Reschke's Prime Group in Cook County, saying unpermit
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Lender suit
CMBS Trustee Hits West Loop's 540 W. Madison With $310 Million Foreclosure SuitCircuit Court of Cook County, Illinois, Chancery Division · A bondholder trustee sued to foreclose on 540 W. Madison, a 1.15M-square-foot, 81%-leased Chicago office tower, after its senior loan matured unpaid in Septembe$310Mloan
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Lender suit
Old Second National Bank Sues to Foreclose River North Building, Pursues $2.9M Personal Guaranty ClaimCircuit Court of Cook County, Illinois, Chancery Division · Old Second National Bank sued to foreclose a River North Chicago building owed roughly $9 million, while separately pursuing a $2.9 million personal guaranty cl$9.0Mloan
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Lender suit
Alecko Capital v. ConlonCircuit Court of Cook County, Illinois · A Cook County judge ordered the guarantor to pay lender Alecko Capital more than $10 million on an $8.3 million loan secured by the vacant former Rainforest Cafe building at 605 N$8.3Mloan
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Lender suit
Illinois Center Foreclosure: Cook County Judge Clears $260M CMBS Sheriff's Sale of AmTrust's Chicago TowersCircuit Court of Cook County, Illinois, Chancery Division · A Cook County judge ruled against an AmTrust RE affiliate on a $260 million CMBS loan on Chicago's Illinois Center towers, clearing the way for a Nov. 12, 2026$260Mloan
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Lender suit
Merchants Bank of Indiana v. GRV Jackson Park LLC: $6.4M Foreclosure on Three South Side Chicago Apartment BuildingsCircuit Court of Cook County, Illinois · Merchants Bank of Indiana filed to foreclose on three South Side Chicago apartment buildings over $6.4 million in two loan facilities and seeks to hold the venture's two principal$6.4Mloan
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Lender suit
Fannie Mae, Freddie Mac Servicer Accuse Chicago Investor's Portfolio Entities of Multistate Mortgage FraudCircuit Court of Cook County, Illinois, Chancery Division (with related foreclosure suits pending in Oklahoma and Connecticut state courts) · Fannie Mae and Freddie Mac's servicer Walker & Dunlop have sued entities tied$44.0Mloan
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Lender suit
Jovia Financial Federal Credit Union v. S Indiana Avenue LLCCircuit Court of Cook County, Illinois · Jovia Financial Federal Credit Union filed a $17.1 million foreclosure on a 129,200-square-foot South Loop office building after its sole state-agency tenant left over code violat$17.1Mloan
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Lender suit
Republic Bank of Chicago v. Addison Ice, LLC18th Judicial Circuit Court (DuPage County), Illinois · Republic Bank of Chicago is foreclosing on the 73,000-square-foot Addison Ice Arena over a $9.5 million loan, alleging diverted revenue; a judge has placed the rink$9.5Mloan
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Lender suit
Wilmington Trust v. Klor-Controlled SPNA EntitiesCircuit Court of Cook County, Illinois, Chancery Division · Wilmington Trust sued in Cook County to foreclose on 137 condo units across seven Chicago towers tied to Strategic Properties of North America, seeking nearly $$51.0Mloan
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Lender suit
Bhatnagar v. Jones Lang LaSalle Americas, Inc.Circuit Court of Cook County, Illinois · A developer and 9 New York Ave LLC sued JLL for more than $12 million, alleging it inflated an NOI projection for a D.C. apartment tower to clear a lender covenant; the tower late$12.0Mdamages sought
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Lender suit
Wilmington Trust National Association v. Nakash Lincoln LLCCircuit Court of Cook County, Illinois · Wilmington Trust, as CMBS trustee, filed to foreclose the $25.4 million mortgage on the 184-room Hotel Lincoln after the loan matured March 6, 2026 unpaid, the third Nakash-family$25.4Mloan
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Lender suit
Rialto Capital Advisors v. WC MRP Calumet Center, LLCCircuit Court of Cook County, Illinois · Rialto Capital, as CMBS special servicer, filed to foreclose a 159,000-square-foot Calumet City, Illinois shopping center owned by a World Class Holdings affiliate, seeking about$45.6Mloan
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Lender suit
Citibank, N.A. v. Golub & CompanyCircuit Court of Cook County, Illinois, Chancery Division · A Cook County judge appointed a receiver for 625 North Michigan Avenue, a 28-story Magnificent Mile office tower, after Golub and BlueFive defaulted on a $50.6$50.6Mloan
Other commercial real estate litigation in Illinois
- Illinois Appellate Court Holds Commercial Landlords May Assign Claims for Tenants' Unpaid RentCommercial Lease Disputes · Appellate Court of Illinois, First District · Nov 9, 2026
- City of Chicago Dept. of Public Health v. City of Chicago Dept. of Administrative Hearings (Southeast Side Recycling Permit Denial Reinstated)Environmental · Appellate Court of Illinois, First District · Nov 6, 2026
- PowerHouse Hillwood Holding LLC v. Commonwealth Edison Co. (FERC Blocks ComEd's Bid to Cancel $20B Joliet Data Center's Power Agreement)Zoning & Land Use · U.S. District Court for the Northern District of Illinois · Nov 2, 2026
- Illinois Appeals Court: Landlord Proved Conversion of Its Billboard Structures, But Gets Only Nominal DamagesCommercial Lease Disputes · Appellate Court of Illinois, Fourth District · Oct 26, 2026
- Straus Group v. Antheus Capital (Lake Meadows Investor Buyout Dispute)REIT & Securities · Circuit Court of Cook County, Illinois · Oct 6, 2026
- Joliet Residents for Responsible Growth v. City of Joliet (Joliet Technology Center Data Center Zoning Suit)Zoning & Land Use · Circuit Court of Will County, Illinois · Sep 8, 2026
- FitFactariDC LLC v. CoStar Group, Inc. (CRE Lease-Data Hub-and-Spoke Antitrust Suit)Commercial Lease Disputes · U.S. District Court, Northern District of Illinois · Jun 12, 2026
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About these records. A foreclosure posting is a notice that a sale may happen, not that it did. A lawsuit is an allegation, and a Chapter 11 petition does not mean a property will be lost. Loan figures are the amounts stated in each record (CMBS balance at the last report, original loan amount in a notice), never estimates. Federal bankruptcies and lawsuits are placed by the federal district that holds them. Individuals are never listed. Full sources on the Distress Radar.