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New York firm buys distressed Wacker Drive tower at massive discount
Summary by WirePoints Illinois Financial News
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2 Articles
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New York firm buys distressed Wacker Drive tower at massive discount – Crain’s*
A New York real estate investor known for buying distressed malls has purchased one of Chicago's tallest skyscrapers, 311 West Wacker, for about 85% less than it traded for more than a decade ago, one of the biggest losses of value ever for a downtown office building.
Coverage Details
Total News Sources2
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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