Chicago loft office market heats up as big firms invest – In Other News – Crain’s Chicago Business

December 31, 2016

Chicago’s loft office buildings, once the realm of mom-and-pop real estate investors, are attracting some unexpected newcomers.

Goldman Sachs, Credit Suisse and billionaire Neil Bluhm’s Walton Street Capital, all accustomed to spending hundreds of millions of dollars at a time in real estate deals, are among the big players investing in relatively small brick-and-timber buildings in neighborhoods like River North and the West Loop.