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Hines Pays $73 Million for Chicago Apartment Tower

Deal Extends Run of Big Deals in City Despite Falling Values
Emme, a 199-unit apartment tower at 165 N. Desplaines St. in Chicago, has sold for almost $73 million. (Justin Schmidt/CoStar)
Emme, a 199-unit apartment tower at 165 N. Desplaines St. in Chicago, has sold for almost $73 million. (Justin Schmidt/CoStar)
CoStar News
June 22, 2023 | 9:29 P.M.

A 199-unit apartment tower along the western edge of Chicago’s Loop business district has sold for almost $73 million, continuing a run of large deals in the city even as pricing falls.

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