Illustrative Chicago real-estate photograph by Gautam Krishnan / Unsplash. No connection to the people, investors or properties in the allegations is implied. Photographer. The buyer who scooped up Chicago's empty office towers is now fighting his own investors. About 70 investors, mostly from Long Island, say they put $200 million into Mike Kohan's real estate portfolio, and that Kohan pledged their equity as collateral for an Israeli bond offering without their consent, according to The Real Deal. The claims were…
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70 Investors Say Their $200 Million Was Pledged Without Permission. Chicago’s Loop Office Buyer Faces a Reckoning.
About 70 investors allege $200 million in equity was pledged without consent. The Chicago office dispute involves claims in letters, not court findings.
