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While Sterling Bay hopes the sale price would be high enough to cover the debt and stave off foreclosure, recent sales of downtown office buildings suggest the property is worth far less.
Brooklyn-based investor rapidly acquired about 500 units in the Windy City in 2022 and 2023; many are now in distress.
Developers and city officials view the conversions as an opportunity to transform downtown Chicago into a full-fledged ...
An upzoning plan could cannibalize the very urban vibrancy that has made Edgewater so appealing in the first place.
Jack Jordan, executive director at Climate Action Evanston, said that, with the second Trump administration at the levers of ...
Even though the open-air drug market at SW 4th and Washington in downtown Portland has largely dissipated, the ugliness and ...
An extraordinary private club turned hotel, the Chicago Athletic Association has restored rooms, amazing views of Lake ...
From the little-known architect to the over 375,000 terra cotta pieces on the facade, the pioneering radio stations and ...
Renters are being asked to pay pricey move-in fees that provide them little or no benefit. “It’s all fees and no services, ...
In the last four years, only seven transactions involving six different buildings with 60 units or more have changed hands in ...
No damage had been reported, but residents of Istanbul said aftershocks continued to shake the Turkish capital.
That's not just a Milwaukee Public Schools problem.
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