Housing Authority of Cook County doubles office lease at distressed LaSalle Street tower
26 minutes ago
The Housing Authority of Cook County is expanding its office lease at 10 South LaSalle Street in Chicago's Loop, doubling its space despite the building being in receivership following a $105 million foreclosure lawsuit against landlord Feil Organization. The 37-story office tower, appraised at just over $30 million, faces financial distress with a non-performing loan and no buyer in sight. This expansion reflects a trend of nonprofit and government agencies occupying discounted office spaces in distressed Loop properties amid a challenging commercial real estate market.