2010-02-13 — chicagobusiness.com
``A group led by longtime Chicago developer Joseph Beale faces a $7-million foreclosure lawsuit on a prime River North site after two development proposals there failed to materialize.
Madison, Wis.-based AnchorBank says the venture failed to pay off a loan that matured in May 2009 and that Mr. Beale, along with an executive at his firm, Jane Rodak, and investor Louis C. Waddle all personally guaranteed the loan. ''
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