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Irish Bank Sues to Foreclose on Chicago Spire

Ireland could own under-construction skyscraper

(Newser) - It's supposed to be one of America's iconic skyscrapers, but Chicago's problem-plagued Spire is a step closer to being Irish-owned today after a lender filed to take possession of the under-construction project, the AP reports. Anglo Irish Bank has filed a $77 million foreclosure lawsuit against Irish developer Garrett Kelleher,... More »

Abe Pollin, Owner of DC Sports Teams, Dies at 85

Developer, philanthropist brought NBA, NHL to capital

(Newser) - Abe Pollin, the son of Russian immigrants who parlayed success in housing development into the ownership of Washington’s NBA and NHL franchises, died today of a rare neurological disease; he was 85. Pollin’s philanthropic efforts boosted many of the capital’s poorer areas, and he put $220 million... More »

Facebook Wants Your Friendship and Your Money

Site rolls out payment system aimed at getting profit from apps

(Newser) - Facebook is breaking an age-old business rule: Never do business with friends. In a bid to achieve profitability, the social-networking site is testing an internal payments system that allows its 300 million users to purchase credits redeemable for virtual goods, from Facebook itself or third-party applications. “Over time, this... More »

Leona's Mansion Makes History: Price Drops $50M

(Newser) - The asking price for the late real estate magnate-cum-jailbird Leona Helmsley’s Connecticut mansion has been slashed by $50 million, the Wall Street Journal reports. The 40-acre Greenwich property is now offered for $75 million, down from $125 million. Insiders think it could be the largest cut ever for a... More »

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