Chicago's Willis Tower up for sale
Los Angeles
CHICAGO's Willis Tower, once the world's tallest building and one of the city's top tourist attractions, is up for sale.
The owners, which include New York-based investors Joseph Chetrit and Joseph Moinian, have hired brokerage Eastdil Secured to market the 110-story skyscraper, said a person with knowledge of the matter, who asked not to be identified because the listing isn't public. It may fetch around US$1.5 billion, which would set a record for an office building in the third-biggest US city.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million