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KBS Makes $425M Bet on Citigroup Center, Plans Retail and Commuter Upgrades
2013-12-19 17:40:00| National Real Estate Investor
KBS Real Estate Investment Trust III recently made a big bet in the Chicago market, closing the purchase of the 1.5-million-sq.-ft. Citigroup Center building, which sits atop the Ogilvie train station in the citys West Loop, for $425 million. read more
Tags: center
makes
plans
retail
Prudential Mortgage Provides $425M in Loans for Office Towers in Chicago and Seattle
2013-03-06 17:58:00| National Real Estate Investor
In Chicago, Prudential provided a $300 million loan for 155 North Wacker, a 1.15-million-sq.-ft. office tower in the citys West Loop submarket. The loan features a fixed interest rate and a 10-year term. The property, which was developed in 2009, is currently 94.6 percent leased.
Tags: office
chicago
loans
mortgage