Not good for Chicago
135 South LaSalle St. Chicago, Illinois Reported a new appraised value of just $34.0M, a 90% drop from its $330.0M valuation when the loan was originated in 2015. The building is nearly empty and cash flow has been negative for years. CMBS ($100.0M | 47.5% of CGCMT 2015-GC31) -Morningstar #CommercialRealEstate
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Replying to @JeanneIves
most marxist city in the US

Sep 16, 2026 · 10:10 PM UTC

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