Distressed downtown office properties go up for sale – Crain’s*

The building at 300 W, Adams St. and a block of offices above the JW Marriott Chicago are both expected to fetch bids below the value of the debt on the properties as the pandemic clouds the outlook for the office sector. The Adams and LaSalle Street buildings show different examples of pandemic-era stress. They also set up properties to get new life from buyers that could pick them up at relatively low prices, allowing them to invest heavily in reviving them as offices or something else.