Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
A Fire Sale Has U.S. Office Buildings Going for 90% Off
Real Estate • Commercial
A Fire Sale Has U.S. Office Buildings Going for 90% Off
From Denver to Washington, D.C., developers are seizing on huge discounts when buying troubled office towers
By Peter Grant
April 7, 2026 5:30 am ET
Denver Energy Center. Hyoung Chang/The Denver Post/Getty Images
America’s battered office market is holding a fire sale, featuring some buildings marked down by more than 90%.
In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago.
{snip}
A Fire Sale Has U.S. Office Buildings Going for 90% Off
From Denver to Washington, D.C., developers are seizing on huge discounts when buying troubled office towers
By Peter Grant
April 7, 2026 5:30 am ET
Denver Energy Center. Hyoung Chang/The Denver Post/Getty Images
America’s battered office market is holding a fire sale, featuring some buildings marked down by more than 90%.
In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago.
{snip}
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.