Real Estate Development

(File Photo by Tim Boyle/Getty Images)

Investment Firm Buys Southland Homes In $28 Million Deal

Tinley Park-based Mack Cos. said it has sold nearly 200 single-family homes in the south and southwest suburbs to an Arizona-based real estate investment trust for $28 million.



Feds: Ponzi Scheme Lured Investors With Islamic Law

Three owners of a bankrupt Chicago development firm that promised to adhere to Islamic law in handling investments were actually running a Ponzi scheme that defrauded victims out of more than $43 million, according to federal prosecutors.