CHICAGO, Feb. 18, 2011 /PRNewswire/ -- Astani Enterprises and Corus Construction Venture LLC (CCV) announce that they have reached a settlement for the Concerto building located at 9th and Figueroa. Under the terms of a Plan of Reorganization approved today by the United States Bankruptcy Court, Astani has sold Concerto to CCV. Terms of the accord include payment to the general contractor and subcontractors. CCV and Astani have agreed to cooperate with the transition of the project, with the goal of finalizing Concerto as a premier residential development. However Astani will continue its litigation against the FDIC.
SOURCE Corus Construction Venture LLC