A Chicago developer has bought a loft office building in River North for half its previous value, the latest example of real estate investors making relatively low-priced bets on a long-term recovery in the office sector.
After buying loft office building in Chicago’s River North, R2 hunts for similar deals
Firm acquires six-story property for $7.5 million, half previous sale price
By Ryan Ori
CoStar News
August 18, 2025 | 2:44 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Alvarez & Marsal Holdings, LLC
Finance and Insurance
- R2 Companies
Real Estate