South Loop Recording Studio Faces Foreclosure?

Chicagobusiness.com is reporting that Pressure Point Recording Studio (2239 S. Michigan) is facing foreclosure. The studio has hosted stars such as Beyonce, Justin Timberlake, R-Kelly, Mariah Carey, Erykah Badu and Nelly according to their website.

Judging from a quote by Adrian Guerra, managing director of Pressure Point’s parent company, the studio isn't going anywhere:

“We’re not going anywhere,” Mr. Guerra said. “They’re not taking our property. People are still making music here.”

For those of you not familiar with the location or facility here is a youtube video: