loader image

Chicago Cheat Sheet: Medical supply CEO’s ex is selling Lake Forest mansion…& more

700 South Ridge Road and Medline CEO Charlie Mills (Credit: Movoto)

700 South Ridge Road and Medline CEO Charlie Mills (Credit: Movoto)

Medline CEO’s former Lake Forest home listed

A Lake Forest mansion that was the longtime home of a medical supply firm CEO and his wife hit the market this week. Charlie and Kristen Mills bought the 10,700-square-foot home at 700 Ridge Road in 1997 for $1.7 million. The couple are now divorced, and Kristen Mills is listing the eight-bedroom home for $4.5 million. Charlie Mills, longtime CEO of Medline, bought a lakefront home in Winnetka last year for $4.1 million. Nancy Adelman of Griffith of Grant & Lackie has theLake Forest listing. [Crain’s]

New Tinley Park hotels in line for tax break

Tinley Park village officials endorsed a tax incentive for a $33 million project to build two hotels near the LaGrange Road interchange with Interstate 80. The project would involve building a 125-room Courtyard by Marriott costing about $16 million and a 118-room Marriott Residence Inn costing about $16.7 million. The Courtyard also would have a banquet facility. Village trustees this week gave initial approval to the incentives, which would lower the property tax assessments on the properties for 12 years. [Daily Southtown]

Lawsuit against JLL proceeds after judge’s ruling

A federal judge denied JLL’s request to toss a lawsuit alleging it illegally blocks companies from using nonunion labor for projects at the Chicago office buildings it runs. The August lawsuit by shared-office provider Wacker Drive Executive Suites said Chicago-based JLL conspired with unions to prevent tenants from hiring nonunion contractors for construction, maintenance and other jobs. JLL had asked a judge to toss the lawsuit, saying in part any union-only rules it enforces are at the behest of a building’s landlord. [Crain’s]

Retail center planned on former pizzeria property

A Wisconsin developer wants to build a new retail center on the site of a former pizzeria in Lake Zurich. Midwest Design and Construction proposed demolishing the 6,000-square-foot former Giordano’s at 455 South Rand Road and replacing it with a nearly 9,000-square-foot building for up to four retail tenants. A similar plan from GW Properties in 2016 never came to fruition. [Lake Zurich Courier]

Townhomes proposed for former Sonny Acres site

A total of 49 townhomes could sprout up on the former Sonny Acres farm property in West Chicago. City officials said they’re in “extremely preliminary” talks with a developer on the townhome plan, which would involve annexing the property and running sewer and water lines out to it. The initial plan calls for 27 townhouses on the west end of the property near Timberline Drive and 22 units on the east end near Klein Road. [Daily Herald]

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Responses

Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.

X