Loop landlord files for bankruptcy in potential delay for office-to-residential conversion – Crain’s*

A venture led by Chicago investor Musa Tadros that owns the office property at 105 W. Adams St. filed for bankruptcy protection July 31. The maneuver could delay a $178 million plan from a pair of local developers aiming to convert Tadros' property into 247 apartments, one of five projects Chicago planning officials selected earlier this year for further review as part of the city's LaSalle Street Reimagined initiative.
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Giddyap
8 months ago

As 5 and 10 year Loop office leases start expiring, look for vacancy rate to spike and loan defaults/foreclosures to explode.

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