“Blackstone in Talks With Lenders on Maturing Chicago Office Loan”
May 23, 2023
“Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. The commercial mortgage-backed security on the property, 350 North Orleans, was transferred to special servicing ahead of its July maturity, according to Kroll Bond Rating Agency. Payments on the non-recourse loan are current, KBRA said in report Monday…”
https://finance.yahoo.com/news/blackstone-talks-lenders-maturing-chicago-203005864.html
Expect this office tower to go bankrupt or for Blackstock to take control of it somehow. The jig is up. It’s obvious what Blackstone and Blackrock are doing.