>Chicago venture sidesteps foreclosure

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>(Crain’s) — River North developer Albert Friedman’s four-decade-long streak of never missing a mortgage payment was nearly broken by a $19.7-million foreclosure suit against a hotel near O’Hare International Airport.

On Tuesday, a Cook County Circuit Court judge dismissed a foreclosure case against SpringHill Suites, 8101 W. Higgins Road, after a venture controlled by Mr. Friedman and his partner, local hotel executive Stephen L. Schwartz, brought the loan current with a payment of more than $250,000.

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