Word came out today of two big downtown real estate stories - one building is sold, another for sale.
And while the Civic Opera Building isn't a residential building, the art deco masterpiece has been a cultural icon for generations. It's recently added eight new technology office tenants, seen Studio Gang design new offices for the NRDC and the owners have made about $8 million in upgrades including a new rooftop deck.
The owners, New York-based Berkley Properties, purchased the 44-story tower in 2012 for about $125 million and are estimating a final sale price of $200 million. Not too shabby.
Read more at Crain's here and Curbed here.
Image via Wikipedia.
The other big story is the reported acquisition of a large residential skyscraper by Bob Buford, a Chicago property owner and landlord with over 3,000 units on the city's North Side.
According to Crain's, Buford is purchasing the Chicagoan, a 221-unit tower located at Rush Street and Chicago Avenue.
The reported price is $102 million for the Gold Coast tower.
Read the full story at Crain's here.