CRE News: What We’re Reading the Week of January 21

Each week, The Elevator Speech summarizes news related to some of the key industry trends, buildings, deals and dealmakers that shaped headlines. Below are articles that caught our attention the week of January 21.

625 N. Michigan Ave.

A 27-story office tower at 625 N. Michigan Avenue is for sale about four months after its lender seized the property through a $103-million foreclosure suit. Eastdil Secured LLC has been hired to sell the 343,072-square-foot building, which is expected to fetch about $90 million. To maximize the value, Eastdil is looking to divide up the ownership, and sell the retail space – tenants include Timberland and Coach, among others – separate from the office space, in order to secure multiple buyers.

770 N. Halsted St.

What CRE or Chicago news headlines from the past week captured your interest? Leave us a comment and let us know.

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About BOMA/Chicago

The voice of Chicago's office building industry since 1902.
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