BUILDING THE BLACK PRESS
  • BUILDING HISTORY
  • PUBLICATIONS
  • BLOG
  • STORYMAPS
  • BUILDING HISTORY
  • PUBLICATIONS
  • BLOG
  • STORYMAPS

BLOG

ALL THE BLACK PRESS NEWS THAT'S FIT TO PRINT...

Colliers International to sell 820 South Michigan Avenue.

8/7/2016

 
Picture
820 South Michigan. Google Earth
A few weeks ago, Columbia College Chicago announced that it had entrusted the sale of 820 South Michigan Avenue to Colliers International. Heading the Colliers team will be a number of senior executives within the company, including Tim Hart, senior vice president, and Tyler Hague, vice president. It sounds as though Colliers are confident of securing a buyer quickly, given the building's diverse potential as a mixed use site, and its attractive location on prime-time South Loop real estate.
YouTube marketing video for 820 South Michigan
The speed of a deal being reached with any prospective buyer is likely to rest with Columbia College, which may be backed into a corner given that it needs funds from the sale of 820 South Michigan to fund construction of its new student centre at a different site. However, the College will be reluctant to dip below market value, particularly given the building's excellent location and redevelopment potential, and the upward swing in the South Loop market over the past few years.

    ARCHIVE

    January 2021
    October 2020
    August 2020
    January 2020
    March 2019
    February 2019
    December 2018
    March 2017
    January 2017
    August 2016
    June 2016
    April 2016
    January 2016
    December 2015
    October 2015

    TAGS

    All
    20th Century
    21st Century
    Afro-American
    Alexandre Keto
    American Newsreel
    Arthur Elrod
    Baltimore
    Chicago
    Chicago Bee
    Chicago Defender
    Columbia College Chicago
    EBONY
    Exterior
    Interior
    John H. Johnson
    Johnson Publishing
    Johnson Publishing Company
    Lee Bey
    Los Angeles Sentinel
    Marina Zumi
    Muhammad Speaks
    NEWS
    New York
    New York Amsterdam News
    Palm Springs
    Pittsburgh Courier
    Public Art
    Revel Motor Row
    Teenie Harris
    The Obsidian Collection

Licensed under a Creative Commons Attribution 4.0 International License 
​
© 2020 Building the Black Press