Monday, September 15, 2014

West Loop site could fetch $35 million

By: Ryan Ori | Sept 15, 2014 | ChicagoRealEstateDaily.com

A West Loop site where Steve Fifield envisioned a 75-story skyscraper is up for sale, possibly ending the Chicago developer's ambitious plan for the property. CBRE Global Investors, Mr. Fifield's financial partner in his planned development at 601-625 W. Monroe St., hired CBRE Inc. to sell the 60,000-square-foot property, which could fetch as much as $35 million, according to people familiar with the property. A spokeswoman for CBRE Global Investors confirmed hiring CBRE but referred questions to Mike Nardini, a first vice president in Chicago who's one of the CBRE brokers handling the sale. Read More...

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