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Article: Struggling IBM tower: 'Please buy our space'; Owner converting part of Mies landmark to office condominiums.(News)
- Article from:
- Crain's Chicago Business
- Article date:
- June 6, 2005
- Author:
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ALBY GALLUN
IBM Plaza, a highlight of architectural boat cruises on the Chicago River, is dipping a toe into the office condo market.
It's a strategy that is starting to catch on in Chicago: selling office space rather than leasing it. Several small downtown landlords have converted their office space into condominiums, selling them to non-profit groups and professional services firms tempted by the benefits of ownership (Crain's, Nov. 1).
Yet the Mies van der Rohe-designed IBM Building at 330 N. Wabash Ave. is by far the most prominent downtown property to try out office condos, reflecting both the popularity of the concept and the ...
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Article: SEATTLE RARITY: OFFICE CONDO DEVELOPERS PLAN TO BUY ...
Seattle Post-Intelligencer (Seattle, WA);
February 2, 2006 ;
700+ words
... ... developers are backing a different idea: the office condominium. Office condo buildings are rare in the Seattle area, but changing economic ... more attractive decision. Etsekson and Piha think their office condo will be "a great deal" for buyers, but they are philosophical ...
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