Kushner Cos to sell Chicago office tower at sharp discount

Kushner Companies is close to a deal to sell its lone Chicago office building for $188 million, a significant discount from what the firm paid for the property over a dozen years ago. Kushner will sell the 853,000-square-foot building at 225 West Randolph Street to Onni Group, according to Crain’s. The Canadian firm would then spend about $154 million to renovate the property. The deal is contingent on the City Council designating the building a

source https://therealdeal.com/2020/11/11/kushner-cos-to-sell-chicago-office-tower-at-sharp-discount/