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CHICAGO—Although there has been a lot of chatter about how CBDs are the hot markets for investors, Rand Diamond, a principal at GlenStar Properties LLC, which just purchased Continental Towers, a 910,796-square-foot office complex in suburban Rolling Meadows, tells GlobeSt.com that “I think there are opportunities anywhere. It’s not about being in any particular submarket; it’s about the particular opportunity.”

And Diamond says Continental Towers, currently about 40% vacant, remains a great opportunity for investors. “It’s been a successful property for most of its life,” but then hit an unusual run of bad luck. “This last cycle in 2007 and 2008 when the world blew apart, a lot of its largest tenants were mortgage companies, and that started a downward spiral.”  

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