[New post] Chicago’s Two North LaSalle to Sell for $180Mln; Troubled CMBS Loan Getting Resolved

Dan Moynihan posted: "Commercial Real Estate Direct Staff Report The office building at 2 North LaSalle St. in Chicago is being sold for what's said to be $180 million, or $254.05/sf, which should resolve a troubled $137.8 million CMBS loan. The 691,410-square-foot build" New post on Commercial Real Estate Direct Chicago's Two North LaSalle to Sell for $180Mln; Troubled CMBS Loan Getting Resolved by Dan Moynihan The office building at 2 North LaSalle St. in Chicago is being sold for what's said to be $180 million, or $254.05/sf, which should resolve a troubled $137.8 million CMBS loan that had been modified twice in recent years. The good news is that the property is being sold for substantially more than an as-is appraisal from last year. Read more of this post Dan Moynihan | October 28, 2021 at 3:00 pm | Categories: Top News | URL: https://wp.me/pcdE10-2jg6 Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/10/28/chicagos-two-north-lasalle-to-sell-for-180mln-troubled-cmbs-loan-getting-resolved/