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Old Posted Dec 15, 2017, 12:12 AM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
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Either that or Sterling Bay is literally swimming in cash after breaking of a long string of ridiculous corporate adaptive reuse projects which are basically just pure profit. Think of it, they started with Hillshire Brands and have just doubled down their profits from that deal into grabbing every huge prime property they can tie down in the downtown periphery. Hillshire, Google, now McDonalds. They've rolled huge profits from those deals into grabbing up all of the North Branch and most of the rest of the West Loop. They don't need to have tenants for all of these projects because they are swimming in cash and probably buying half of these properties cash with investor money. It's not like land between the West Loop and Wicker Park or Wicker Park and Lincoln Park is going to crash in value any time soon.
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