Lake Shore Club of Chicago v. Lakefront Realty Corp.

Lake Shore Club of Chicago filed suit seeking to enjoin Lakefront Realty Corporation’s sale of property to Northwestern University. Lake Shore Club of Chicago also sought specific performance of its right of first refusal granted in the lease between the Club and Lakefront Realty. After an evidentiary hearing the court denied the relief sought. Plaintiff Club appealed.

On appeal, plaintiff argues that (1) the Club’s offer to Lakefront was bona fide in that the Club did not assign its right of first refusal in violation of a lease provision; and (2) the trial court erred in dissolving the…