The owner of a 60-story trophy office tower along the Chicago River has paid off a $475 million loan that was taken out a decade earlier during a far stronger real estate market, rising above challenges today that include weak demand from tenants and higher borrowing costs.
Owner of 60-Story Office Tower on Chicago River Pays Off $475 Million Loan
Irvine Co. Bought Skyscraper for $850 Million During Far Stronger Real Estate Market in 2014
By Ryan Ori
CoStar News
August 20, 2024 | 9:45 P.M.
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IN THIS ARTICLE
- Properties
- 900 Tower Offices
900 Michigan Ave, Chicago, IL
- One North Wacker
1 Wacker, Chicago, IL
- Companies
- The Irvine Company
Real Estate