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The Rubenstein Partners investment fund that owns the Continental Towers office complex in suburban Chicago is seeking to modify the terms of the property’s $84.5 million mortgage. The loan, as a result, has been transferred to special servicing. The collateral property has suffered from weak occupancy since 2019.
The post Weak Occupancy Prompts Call for Loan Modification at Chicago-Area Office Complex appeared first on Commercial Real Estate Direct.
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