X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Piedmont Office Realty Trust Inc. is planning a foreclosure auction of the 500 W. Monroe St. The owner of the 46-story tower, an affiliate of Broadway Partners Fund Manager LLC based out of New York, defaulted on the $215.6 million loan taken on the building.

The property is being marketed by Eastdil Secured LLC, a realty investment sales company. Transwestern Investment Co. based in Chicago is one of the junior lenders for the property. For the full story, go to Crain’s Chicago Business.


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

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.