The curious case against Lakeview Collection

So why would Wachovia Bank file a suit against Centrum Properties partners John McLinden, Sol Barket, and Arthur Slaven, their Lakeview Collection LLC, Chicago Title Insurance, the Evangelical Lutheran Church, Cook County, and the Illinois State Treasurer, in the Chancery Division of the Cook County Circuit Court?

I can’t say — county offices were closed on Friday, and McLinden, Barket, and Slaven hadn’t responded to my voicemail by yesterday evening. Given the parties involved, the filing in the Chancery Division, and the lack of progress on Centrum’s Lofts at Lakeview Collection at the corner of Lincoln and Belmont avenues, I’d say it walks and talks a lot like a foreclosure suit. I’ll find out more when the Daley Center reopens on Tuesday.

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