Inside these posts: Giordano’s bankruptcy

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Feb. 18 at 4:16 p.m.
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Filed under: Bankruptcy, Updated

Florida real estate dragged Giordano’s into bankruptcy

A Giordano's at 1040 W. Belmont on Feb. 18, 2011. (Brian Cassella/Chicago Tribune)

By Alejandra Cancino and Becky Yerak | It wasn’t the pizza, it was the real estate.

That’s what attorney Michael Gesas, who represents the Apostolou family businesses, said Friday while explaining the reasons prominent Chicago pizza chain Giordano’s filed for bankruptcy reorganization on Wednesday. The Apostolou family owns Giordano’s.

Giordano’s filing was prompted, Gesas said, when the Apostolou family defaulted on loans on their real estate business, Randolph Partners LLC. Get the full story »