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IN RE OLDE PRAIRIE BLOCK OWNER, LLC

No. 10 B 22668.

447 B.R. 578 (2011)

In re OLDE PRAIRIE BLOCK OWNER, LLC, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

March 31, 2011.

Attorney(s) appearing for the Case

John Ruskusky , George R. Mesires , Niles N. Park , Patrick F. Ross , Ungaretti & Harris LLP, Chicago, IL, Neil E. Holmen , Walker Wilcox Matousek LLP, Chicago, IL, Michael K. Desmond , Figliulo & Silverman PC, Chicago, IL, for Debtor.

David A. Newby , Coman & Anderson, PC, Lisle, IL, for Colliers Bennett & Kahnweiler.

Bradley A. Smith , Neal & Leroy LLC, Chicago, IL, for Metropolitan Pier & Exposition Authority.

Jennifer Feldsher , Andrew J. Schoulder , Kelly Koscuiszka , Bracewell & Giuliani LLP, New York, NY, Rosanne Ciambrone, Matthew A. Olins , Duane Morris LLP, Chicago, IL, for JMB Capital Partners LP.

Shima S. Roy , Ethan Ostrow , Lawrence P. Vonckx , Baker & McKenzie LLP (Chicago), Chicago, IL, for CenterPoint Properties Trust.

Matthew T. Gensburg , Greenberg Taurig LLP, Chicago, IL, for CR Realty Advisors LLC.

Colleen E. McManus , Chicago, IL, for Rosa Scarcelli.

MEMORANDUM OPINION ON CENTERPOINT'S MOTION FOR STAY PENDING APPEAL [Docket No. 754]

JACK B. SCHMETTERER, Bankruptcy Judge.

On March 11, 2011, an Order was entered authorizing Debtor in this Chapter 11 bankruptcy case to enter into post-petition financing and to grant the new lender, among other things, a priming lien on property subject to a pre-petition lien of CenterPoint Properties Trust ("CenterPoint"). On March 13, 2011, CenterPoint filed a Notice...

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