In what may be another effect of the softening housing market we discussed yesterday, the Falor Corporation, an aggressive condo conversion company, pulled the plug on Nicky Hilton’s much-discussed condo-hotel project at 500 S. Dearborn St. Paris’ little sis was to help Falor convert the Printers Row’s Hotel Blake into a “calmer version” of her South Beach prototype. Condo-hotels, in which investors buy individual hotel rooms to use as a residential condo, and then allow... more ›