>Two Boston Blackies restaurants hit with foreclosure suits

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>(Crain’s) — Two Boston Blackies restaurants have been hit with foreclosure lawsuits, the latest setback for the burger chain, which is in bankruptcy protection and whose owners face criminal check-kiting charges.

Boston Blackies owner Nick Giannis has allegedly defaulted on two loans secured by two restaurants, the flagship location at 164 E. Grand Ave. in Streeterville and 222 E. Algonquin Road in Arlington Heights, according to complaints filed May 18 by Suburban Bank & Trust Co.

Mr. Giannis failed to make mortgage payments and pay property taxes, according to the two complaints filed by the Elmhurst-based bank.

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