While Sterling Bay hopes the sale price would be high enough to cover the debt and stave off foreclosure, recent sales of downtown office buildings suggest the property is worth far less.

The Chicago-based firm is in talks to acquire a seven-story loft office building at 550 West Randolph Street from seller W.P.

The building is fully leased, yet its debt service is outpacing its net cash flow as its $82.5 million loan comes due in July ...

The West Loop has been identified as one of the ... profile tenants Why more companies are heading to '90s-'00s Chicago office buildings Why more companies are heading to '90s-'00s Chicago office ...

Developers and city officials view the conversions as an opportunity to transform downtown Chicago into a full-fledged ...

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Five years after Covid shuttered the market, companies have begun signing new leases at a faster pace, and many are seeking upgrades.

hailed the conversion project as “very important” for Chicago and the first step toward revitalizing the Loop after the pandemic. The pandemic dramatically hit office buildings and lowered ...

A group beat up and critically injured a man in the West Loop on Sunday morning, and two other people were hurt while trying to help him, Chicago police said.

A woman in Chicago's West Loop has launched a mission to preserve the history of her neighborhood. Connie Fairbanks noticed that buildings that earned historic designations often have not gotten ...