Mayor Daley nephew linked to warehouse lease

A published report says a company co-owned by Mayor Richard Daley's nephew used Chicago pension funds to buy a warehouse that was later leased by the city for nearly $500,000.

The Chicago Sun-Times reports in its Sunday editions that Robert Vanecko's company, DV Urban Realty Partners, invested $4.2 million of pension funds in a southwest side warehouse in November 2007. The newspaper says that ever since, the city has leased the facility to store dump trucks.

Vanecko's firm says the city already was storing its trucks in the warehouse when the company bought the building.

Federal officials are investigating how Vanecko's firm was awarded $68 million in city pension fund investments. Daley said Thursday that he had urged his nephew to get out of the deal. Vanecko resigned from DV Urban on Tuesday.