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A Fire Sale Has U.S. Office Buildings Going for 90% Off
Real Estate • Commercial
A Fire Sale Has U.S. Office Buildings Going for 90% Off
From Denver to Washington, D.C., developers are seizing on huge discounts when buying troubled office towers
By Peter Grant
April 7, 2026 5:30 am ET
Denver Energy Center. Hyoung Chang/The Denver Post/Getty Images
America’s battered office market is holding a fire sale, featuring some buildings marked down by more than 90%.
In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago.
{snip}
A Fire Sale Has U.S. Office Buildings Going for 90% Off
From Denver to Washington, D.C., developers are seizing on huge discounts when buying troubled office towers
By Peter Grant
April 7, 2026 5:30 am ET
Denver Energy Center. Hyoung Chang/The Denver Post/Getty Images
America’s battered office market is holding a fire sale, featuring some buildings marked down by more than 90%.
In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago.
{snip}
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= new reply since forum marked as read
