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Investor buys distressed office building near Willis Tower at fire-sale price
- dredmorbius 3y agoSan Francisco's distressed office market tends to feature in HN. Here, a Chicago space has sold at about 11% of its previous sales price in 2013, and likely an even smaller fraction of its ~2020 valuation. This is also a bet on a Class B/C building in a market where Class A offerings show considerably more lease interest.