A Fire Sale Has U.S. Office Buildings Going for 90% Off – Wall Street Journal

The Chicago building that’s being converted into an urban farm.In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago. It will be converted into an urban farm and education center.
Subscribe
Notify of

3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
mqyl
1 month ago

This is a great example of the result of so-called progressive policies. Keep up the good work!

Irish Patriot
1 month ago

Half the Loop will look like all of downtown East St. Louis by the end of 2040. They’re just going to abandon some of the older class C buildings, and the class A’s will concentrate in the West Loop and north.

Mark F
1 month ago

Urban farming has been tried before. The costs are high and the profits low. Look for this building to be for sale in three or four years when this venture fails.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE

3
0
Would love your thoughts, please comment.x
()
x