Treasury par yields, Oct. 26 close (U.S. Treasury). SOFR, Oct. 26 (New York Fed).
This week: Illinois Center heads to a Nov. 12 sheriff's sale with $285.7M of debt and a $66M appraisal; a Loop office-to-apartment conversion has its own sheriff's sale Nov. 3; and the owner of a 99%-occupied Philadelphia office tower asked to push back its December maturity to finish a sale.
Illinois Center: $285.7M of debt on a $66M appraisal
Illinois Center goes to a Nov. 12 sheriff's sale. The appraisal says $66M.
111 E. Wacker Dr. & 233 N. Michigan Ave., Chicago · Office
- Owner
- AmTrust RE affiliate
- Loan
- $260M (2015) · Citigroup
- Trust
- CGCMT 2015-GC33 ($100M piece)
- Special servicer
- LNR
- Size
- 2.09M sf · two towers
- Next date
- Nov. 12 sheriff's sale
What happened. In September, Cook County Associate Judge Edward Robles entered a foreclosure judgment against the AmTrust affiliate that owns the two-tower complex. Workout talks with special servicer LNR broke down this summer, and AmTrust chose not to oppose LNR's motion for summary judgment. The Cook County Sheriff has set the sale for Nov. 12.
The rest of the Oct. 27 issue opens Dec. 26, 2026.
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Eight situations to track
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