Distressed office building near Willis Tower goes up for auction – Crain’s*
A few weeks after one distressed office building near Willis Tower was sold at a severe discount, another one is heading to the auction block and is likely to trade for a fraction of its pre-pandemic value. Bidding will begin on Feb. 20 to buy the vintage 10-story office building at 216 W. Jackson Blvd. One stark example of the lost value just one block from 216 W. Jackson came late last month, when a local investor paid just $4 million for the leasehold interest in a 20-story building at 300 W. Adams St. — 89% less than it was