Los Angeles Business Journal

Chicago Investments Hurt Younan

Tuesday, August 7, 2012

Younan Properties Inc. reportedly is facing foreclosure lawsuits seeking more than $45 million on three office properties in the north and northwest suburbs of Chicago.

Chicago Real Estate Daily reports that the Woodland Hills real estate developer has been hurt by weak demand for commercial real estate in that region.

Younan acquired the buildings in 2006 during the real estate boom.