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Overall, Chicago recorded 854,255 square feet of law firm transactions from the third quarter of 2019 through the second quarter of 2019, up from 702,971 square feet the year prior.
An auction for the assets of Destination Maternity is scheduled to take place on Dec. 9, 2019. The deadline to submit qualified bids is Dec. 5, 2019, and the company expects to seek court approval of the winning bid on Dec. 12.
Safehold, a real estate investment trust specializing in ground leases, has acquired an existing ground lease at 425 Park Ave. for approximately $620 million.