Continental Realty sues DiMucci over leasing costs in M retail deal

believes he was lied to about the health of five suburban Chicago shopping centers his company bought for $94 million in August. Affiliates of Scha...

May 12, 2023
8:48 AM

believes he was lied to about the health of five suburban Chicago shopping centers his company bought for $94 million in August. Affiliates of Schapiro's Baltimore-based firm, , sued , the seller in the deal for retail assets in Palatine, Naperville, Mount Prospect and Cicero. The complaint, filed late last month in Cook County court, claims DiMucci misrepresented how well the properties were performing by covering up the fact that it accepted lease termination payments from one tenant and took the keys back from another.

Kevin Rebong