✉news BusinessRetail first seen 2 d ago, last 2 d ago, peak #28
Downtown retail centers Block 37 and The Maxwell sell at steep discounts
Original: Downtown retail centers Block 37, The Maxwell sell at steep discounts
Two downtown Chicago retail properties, Block 37 and The Maxwell, have been sold at prices well below their earlier valuations, according to a report from The Business Journals. The discounted sales add to evidence of continued pressure on downtown retail real estate, where owners are offloading properties amid weaker foot traffic and higher financing costs.
Why now: The steep price cuts signal ongoing distress in downtown retail real estate, a bellwether for urban recovery.
Block 37The MaxwellChicagoThe Business Journals
Evidence
- Downtown retail centers Block 37, The Maxwell sell at steep discounts · The Business Journals
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