Foreclosure of 625 N. Michigan Ave. Office Tower
Sector: Commercial • Location: Chicago, Illinois, United States
Source: Crain's Chicago Business
The 27-story office building at 625 N. Michigan Ave. in Chicago is facing foreclosure due to high vacancy rates and a missed deadline to pay off a nearly $51 million loan. The property is owned by a joint venture of Golub and BlueFive Capital. The office space was 92% leased at acquisition in 2019 but dropped below 58% by the end of 2025. The loan matured in March 2026, and the lender is preparing
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | foreclosure in progress |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The 27-story office building at 625 N. Michigan Ave. in Chicago is facing foreclosure due to high vacancy rates and a missed deadline to pay off a nearly $51 million loan. The property is owned by a joint venture of Golub and BlueFive Capital. The office space was 92% leased at acquisition in 2019 but dropped below 58% by the end of 2025. The loan matured in March 2026, and the lender is preparing a foreclosure lawsuit with the owners cooperating. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |