RedEye

ADM exec buys $2.62 million Lincoln Park condo

D. Cameron Findlay, ADM's recently hired senior vice president and general counsel, last month paid $2.62 million for a 21st-floor condo in a new tower in Chicago's Lincoln Park community.

Findlay closed on the unit in early September, before Archer Daniels Midland Co. announced it's planning to move its headquarters, possibly to Chicago. It is seeking $24 million in state tax incentives as part of its move.

Findlay joined the company in July from Medtronic. He did not respond to an email asking about the purchase.

Victoria Podesta, spokeswoman for Decatur, Ill.-based ADM, insisted the company has not yet made a decision — even privately — on where it will move its headquarters. She noted Findlay is a Chicago-area native, but that "the reasons people buy homes are private, and I won't comment on that."

"He works out of our corporate office, and he's prepared to work where he's needed," she said. A Northwestern University alumnus, Findlay is also a former top lawyer at Chicago-based Aon Corp.

WLS-Ch. 7 sports anchor sells house

WLS-Ch. 7 sports anchor and reporter Jim Rose recently sold his three-bedroom, 1,600-square-foot condo in the Fulton Market district on the Near West Side for $760,000.

Rose, 60, has been with ABC-7 for 31 years. He paid $672,500 for the condo in 2007, buying it shortly before selling a house in Tinley Park where he had lived for 14 years for $715,000.

Earlier this year, Rose told Elite Street his wife wanted to "test the real estate market," so they listed the condo in May for $750,000. "Someone gave us $10,000 more than we wanted, so we sold it," Rose said.

Rose and his wife bought the unit from its building's developer. Features include 2 1/2 baths, 18-foot glass walls, painted concrete ceilings, a 230-square-foot terrace that spans across all rooms, walnut hardwood floors, two garage spaces, and a kitchen with natural Wenge wood cabinets, concrete countertops and a concrete bar.

"It was a nice building," said Rose, whose wife was the interior designer for building when it was built. "My wife did a fabulous job,'' he said. The couple is looking for their next place to live.

Former commissioner sells home for $1.16M

Former Cook County Commissioner Joseph Mario Moreno just sold his six-bedroom house in the University Village neighborhood for $1.16 million.

In July, Moreno, 61, pleaded guilty to three different fraud schemes and faces up to 17 1/2 years in prison when he is sentenced in federal court Jan. 6.

Built in 2007, Moreno's 4,500-square-foot house had been the subject of a foreclosure suit his lender initiated in April.

Features include custom millwork, an open layout, two fireplaces, a three-car garage, a custom Amphion whole-house sound system, a kitchen with a large pantry, granite countertops and Wolf and Sub-Zero appliances, and a master suite with a seating area and a spa bath with mosaic tile, a split vanity, a terrazzo shower and a soaking tub.

Moreno, who was indicted in June 2012, first listed the house in November for $1.4 million and reduced his asking price several times, dropping it to $1.18 million before going under contract.

Moreno paid $1.48 million for the home in 2007.

Moreno's listing agent, Eugene Fu of @properties, declined to comment on the deal.

Copyright © 2015, RedEye
Related Content
  • Lollapalooza style portraits

    Lollapalooza style portraits

    Concertgoers pose at the three-day fest in Grant Park.

  • Lolla day 2: Best and worst, plus superlatives

    Lolla day 2: Best and worst, plus superlatives

    And just like that, there’s only one day left of Lolla. Here’s what stood out to us from day 2. Best: The Tallest Man on Earth: Maybe it was just a right-mood, right-set situation, but boy this was the perfect mid-day act to take a breather, sit in the sun, and just chill and listen to and enjoy....

  • 50 Cent at Parliament and Wyclef Jean at The Underground

    50 Cent at Parliament and Wyclef Jean at The Underground

    Shots in The Dark at Parliament Nightclub with 50 Cent and The Underground Nightclub with Wyclef Jean and Joey Fatone July 31st

  • Lolla day 1: Best and worst, plus superlatives

    Lolla day 1: Best and worst, plus superlatives

    One day down! Here’s the best and worst we saw at Lolla on Friday, plus a few superlatives from day 1. Best: Anyone who knows me knows I was bound to pick Paul McCartney as my favorite act of the day. The Beatle came out and gave it his all with more than two hours of hits, tributes and jokes about...

  • Lolla day 1: Let's just rename it Paul-apalooza

    Lolla day 1: Let's just rename it Paul-apalooza

    What can you really say about Sir Paul McCartney, the former Beatle, pop music pioneer, worldwide cultural icon, and all-around great guy, that hasn't already been said? I mean, seriously. With the Beatles changing music for the better, becoming a pop culture institution and being "more popular...

  • Aldermen looking to stop stores from getting around plastic bag ban

    Aldermen looking to stop stores from getting around plastic bag ban

    Chicago's ban on plastic bags starts to take effect at many big stores Saturday, but an alderman who helped craft the law already is talking about changing it in order to thwart a few large retail chains that he says are trying to skirt the new rules.

Comments
Loading
89°