More than two months after buying a big apartment tower on North Michigan Avenue, two investors have added about $91 million in debt on the property amid signs of an uptick in property sales in downtown Chicago.
Recent tower buyers on Chicago’s Michigan Avenue add $91 million loan
Cedar Street and Kayne Anderson paid $122 million for Millie on Michigan apartments
By Ryan Ori
CoStar NewsSeptember 22, 2025 | 8:43 P.M.
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IN THIS ARTICLE
- Properties
- Millie on Michigan
300 Michigan Ave, Chicago, IL
- Companies
- CEDARst Companies
Real Estate
- Kayne Anderson Real Estate
Real Estate
- Invesco Real Estate
Finance and Insurance