Mark Karasick

Chicago Office Building Appraisals Down Dramatically

Civic Opera Building among Chicago office assets with plummeting appraisals

Embattled tower valued $100M less than in 2015, when 601W purchased it

601W’s Mark Karasick Talks Office Loan Extension Haggles

601W’s Mark Karasick talks haggling loan extensions in Chicago

Trophy office owner looks to beat the distress clock through strategic financing

601W’s Aon Center Tumbles 47% in Value

601W’s East Loop trophy Aon Center tumbles 47% in value

Appraisal puts bigtime landlord underwater, with large balance remaining on $536M senior loan plus additional mezzanine debt