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Beltway Capital Seizes West Loop Offices With R2 Still Aboard

Heitman’s Maury R. Tognarelli, R2’s Matt Garrison and Beltway Capital Management’s Scott Gray and Jed Schaefer with 641 West Lake Street, 901 West Jackson Boulevard, 130 South Jefferson Street, 730 North Franklin Street (LinkedIn, R2, Google Maps)

Commercial
Chicago
Mar 18, 2025

R2’s loft office debt workout cuts Heitman out of the picture

Nonperforming loan purchaser Beltway Capital kept Matt Garrison’s firm on board
Henry Crown and Co scores another lease expansion from fintech firm
Commercial
Chicago
Mar 18, 2025

Henry Crown and Co scores another lease expansion from fintech firm

Bucks trend of companies downsizing; office market’s average lease size increased for first time since pandemic
Investors snag distressed Chicago Ambassador Hotel at big discount
Commercial
Chicago
Mar 18, 2025

Investors snag distressed Chicago Ambassador Hotel at big discount

Gold Coast hotel changed hands after previous owner defaulted on $38.5M following pandemic shutdown
Accesso Faces Dilution in $69 Million Chicagoland Debt Trouble
Commercial
Chicago
Mar 17, 2025

Hamilton seeks reprieve for big office debt as Accesso bleeds equity

Minority owner of Esplanade building in Downers Grove is putting up capital to hang onto property as $69M debt transfers to special servicer