Articles About Pritzker Realty Group LLC
- Author:
- James I. Clark III
- Posted:
- 12.28.2010
Chicago’s Hyatt Center Sells at a 6.1 Cap Rate
The $625 million sale of the 49-story Hyatt Center at 71 South Wacker Drive is proof that the market is still strong for high-credit trophy buildings; the price represents a 6.1 percent cap rate. The purchaser is Southern California-based Irvine Companies, which plans to close the deal as quickly as possible. The $419 PSF sales […]