Trouble on The Avenue

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Golub & Co., one of Michigan Ave's real estate power players is about to be handed a $103 million foreclosure suit by Wells Fargo. The property in question is the 27-story office tower located at 625 N. Michigan Ave just south of Burberry housing the soon-to-be-open Timberland and longstanding retail tenant Coach. Golub also controls the $400 million-in debt pit of despair John Hancock Center which houses The North Face, Best Buy's fancy concept and a slew of agencies and galleries. [Crains]

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Burberry

633 N Michigan Avenue, Chicago, Illinois 60606