Helmut Jahn-designed Naperville office building sold for half of 2015 price – Crain’s

An aerial view of a 10-story suburban office building."The sale is another sobering data point for the suburban office market, where demand has been battered by the rise of remote work and vacancy has hit new record highs every quarter for more than five years. That landscape and elevated interest rates have scared off many investors, fueling rampant distress and sapping landlords’ equity."
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The Craw
3 days ago

Re: Jahn
Has that guy ever designed a building that WASN’T butt ugly?

The Railroader
5 days ago

Thanks, in part, to the “leadership” of Trust Fund Baby JB the Hutt.

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Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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