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Chicago tower, known as first built in Loop after Great Depression, gets handed back to lender

Longtime owner of Inland Steel Building gives up high-vacancy office property
Chicago’s stainless steel and glass Inland Steel Building opened in the late 1950s. (CoStar)
Chicago’s stainless steel and glass Inland Steel Building opened in the late 1950s. (CoStar)
CoStar News
January 22, 2025 | 10:58 P.M.

Chicago’s historic Inland Steel Building, one of the first towers built downtown after the Great Depression, has been forfeited by the investor that bought it just ahead of another financial crisis, the Great Recession.

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