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Chicago skyscraper owner negotiates loan extension after massive drop in value

Aon Center landlord 601W wants three more years to pay off $536 million CMBS loan
Debt on the Aon Center, an 83-story office tower in Chicago, recently matured. (Gian Lorenzo Ferretti/CoStar)
Debt on the Aon Center, an 83-story office tower in Chicago, recently matured. (Gian Lorenzo Ferretti/CoStar)
CoStar News
July 9, 2026 | 3:41 P.M.

The longtime owner of one of Chicago’s tallest skyscrapers says it is in advanced talks for an extension to pay off its recently matured loan on an 83-story office tower that has lost nearly $630 million from its pre-pandemic value.

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