Ryan Ori

Mark Heschmeyer

Staff Writer

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>For the second time in 2022, a shopping center behemoth is walking away from its investment in a vertical mall on Chicago’s Magnificent Mile.</p></div></div>

United States

Retail

Handover to Lender Is Second Example of Shopping Strip Owner Taking Big Loss in 2022

Brookfield Walks Away From Water Tower Place Mall on Chicago’s Magnificent Mile

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Brookfield Walks Away From Water Tower Place Mall on Chicago’s Magnificent Mile

Handover to Lender Is Second Example of Shopping Strip Owner Taking Big Loss in 2022

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