River North building sold to JLL unit Spaulding & Slye Investments – News – Crain’s Chicago Business

November 23, 2016

A Chicago developer sold a River North loft office building for $35 million, more than four times what it paid for the half-empty structure in 2013.

A venture of Brijus Capital sold the seven story building at 363 W. Erie St. on Nov. 9 to Spaulding & Slye Investments for $35.3 million, said the seller and its broker, Jones Lang LaSalle.

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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.

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He’s got this place wired; are tenants ready to connect?


Steven Levin is poised to develop one of Chicago’s hottest technology addresses at 247 S. State St. — or become a landlord with a lot of expensively wired empty space.

His speculative, $36-million transformation of the former Lytton Building into a hip haven for growing technology companies is scheduled to begin this month. The city-backed project is the first of an anticipated handful of…