|

CHICAGO-A partner in the Central Station development hassuffered a major financial blow due to the depressed condominiummarket in South Loop, Chicago.

|

The partner, Forest City Enterprises Inc. recorded an impairmentcharge of $18.3 million in the third quarter of 2010 mainly due tothe impact of sluggish sales in the South Loop condo market. TheCentral Station development has, till date, sold only 49% or 564 ofthe 1,149 condos. For the full story, go to Crain's Chicago Business.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.