AMCORE properties making headlines

Crain’s Chicago Business reported that AMCORE filed a $4.5 million foreclosure suit on the Northwest Tower in Bucktown, a neighborhood off the Kennedy Expressway near DePaul University.

According to Crain’s, developer Kryzsztof Karbowski defaulted on the loan in January of 2009. It’s one of at least 65 foreclosure suits in Cook County against Karbowski.

Last week, the Algonquin Courier News reported that Algonquin officials planned to levy fines up to $50,000 against AMCORE for building code violations at an unfinished condo project.

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