11.01.2013 - Chicago office market attracting coastal and foreign property investors
There is growing interest by private investors from the East and West Coasts in the Chicago office market today. One of these loosely-affiliated groups of high-net worth individuals bought the 540 West Madison Street building in Chicago's West Loop-- just west of Chicago's main CBD--for $350 million at the end of December. The fact that these East and West Coast buyers are looking to Chicago to make large investments is a good sign for the health of the market, says Michael Lirtzman, executive vice president at Transwestern in Chicago...............................................Full Article: Source
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