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Debt on two vintage office buildings in Chicago sells to local investor

Igor Gabal plans to convert 16-story building to apartments, keep 22-story Burnham Center as offices
Chicago investor Igor Gabal is working on a deal to acquire the historic Burnham Center office building at 111 W. Washington St. (Justin Schmidt/CoStar)
Chicago investor Igor Gabal is working on a deal to acquire the historic Burnham Center office building at 111 W. Washington St. (Justin Schmidt/CoStar)
CoStar News
October 4, 2024 | 9:40 P.M.

Less than a year after buying a vintage office building in Chicago’s Loop business district at a massive discount, a local investor has lined up two more purchases marked by financial distress.

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