Legal Opinion

Matter of 203 North LaSalle Street Partnership

District Court, N.D. Illinois

Decided December 19, 1995No. 95 C 7144PublishedCited by 18 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

PLUNKETT, District Judge.

Bank of America Illinois (“BAI”) is owed in excess of $92.0 million by 203 North LaSalle Street Partnership (the “Debtor”), which debt is secured by a non-recourse mortgage on the Debtor’s sole asset, the upper fifteen floors of office space in a Chicago central business district office building (the “Property”). The value of the Property now is approximately $38.0 million less than the amount of the debt, apparently caused, at least in part, by a decrease in value in such business properties since the time of the BAI loan. BAI’s debt…

2Cases cited6 opinions

In Re Bonner Mall Partnership, Debtor. Bonner Mall Partnership v. U.S. Bancorp Mortgage Co.Court of Appeals for the Ninth Circuit · 1993
In the Matter of Woodbrook Associates, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1994
In the Matter of Delbert Snyder, Deanna Snyder, and Robert Snyder, Debtors-Appellants. Farm Credit Bank of St. Louis, Cross-AppellantCourt of Appeals for the Seventh Circuit · 1992
In Re Public Service Co. of New HampshireUnited States Bankruptcy Court, D. New Hampshire · 1990
Edgewater Walk Apartments v. MONY Life Insurance Co. of AmericaDistrict Court, N.D. Illinois · 1993

1 more not listed; retrieve them via the Exa API.

3Cited by18 opinions

ACC Bondholder Group v. Adelphia Communications Corp. (In Re Adelphia Communications Corp.)District Court, S.D. New York · 2007
In the Matter of Forty-Eight Insulations, Incorporated, Debtor. Appeal of Maritime Asbestos 1Court of Appeals for the Seventh Circuit · 1997
In re QuadeUnited States Bankruptcy Court, N.D. Illinois · 2013
Ohanian v. Irwin (In Re Irwin)District Court, E.D. California · 2006
In Re Crosscreek Apartments, Ltd.United States Bankruptcy Court, E.D. Tennessee · 1997

13 more not listed; retrieve them via the Exa API.