Dorchester selling Jewelers Building as office-to-resi play – The RealDeal*

Dorchester joins a growing list of office landlords that have been forced to explore sales as debt maturities approach. Big losses of value on a few buildings have elicited some acknowledgement that Chicago’s office market is likely to keep struggling as demand remains depressed while hybrid work schedules linger.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
debtsor
3 years ago

This building may be vacant and boarded up by the end of the decade.

GM
3 years ago
Reply to  debtsor

Hardly an attractive housing venue…

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