Berkeley Properties, Inc. v. BALCOR PENSION INVESTORS

PRESIDING JUSTICE EGAN

delivered the opinion of the court:

The plaintiff, Berkeley Properties, Inc. (Berkeley), appeals from an order denying its motion for summary judgment and granting the cross-motion for summary judgment in favor of the defendants, Balcor Pension Investors II (Balcor) and Balcor Mortgage Advisors, Inc. The sole issue is whether the trial judge correctly interpreted the language of an agreement between the parties.

On December 29, 1982, Balcor loaned $5,400,000 to Interstate Plaza Associates, Ltd. (Interstate), for the purpose of constructing an office building known as…