{"id":38779,"date":"2026-06-25T14:27:04","date_gmt":"2026-06-25T14:27:04","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=38779"},"modified":"2026-06-25T10:41:02","modified_gmt":"2026-06-25T14:41:02","slug":"58-down","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/58-down\/","title":{"rendered":"58% Down"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div style=\"display: block\" class=\"\">\n<div class=\"\">Chicago\u2019s commercial real estate&nbsp;<\/div>\n<div class=\"\"><\/div>\n<div class=\"\">The owner of the Aon Center 200 E. Randolph St Chicago, Illinois, a venture of 601W, formally requested another three-year extension on its $536M senior loan.<\/div>\n<div class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" alt=\"image0.png\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/06\/image0-6.png\"><\/div>\n<div class=\"\">Appraised at $330.5M down 58% from $780M when it originally took out the loan.<\/div>\n<div class=\"\"><\/div>\n<div class=\"\">&#8220;It\u2019s still unclear whether 601W will get the extra time it seeks for the Aon Center debt, which was sold off to commercial mortgage-backed &nbsp;securities investors when the landlord refinanced the tower in 2018.&#8221;<\/div>\n<div class=\"\"><\/div>\n<div class=\"\">2.7M Square Feet &nbsp; Built 1972 &nbsp; 66% Leased<\/div>\n<div class=\"\"><\/div>\n<div class=\"\">-Crain&#8217;s<\/div>\n<div class=\"\">#commercialrealestate<\/div>\n<\/div>\n<div style=\"display: block\" class=\"\">M<\/p>\n<div style=\"display: inline-block\" class=\"apple-rich-link\" role=\"link\" data-url=\"https:\/\/x.com\/fcnightingale\/status\/2069944251811565989?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><a style=\"border-radius:10px;font-family:-apple-system, Helvetica, Arial, sans-serif;display:block;width:300px;overflow:hidden;text-decoration:none\" class=\"lp-rich-link\" rel=\"nofollow\" href=\"https:\/\/x.com\/fcnightingale\/status\/2069944251811565989?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" dir=\"ltr\" role=\"button\"><\/p>\n<table style=\"border-collapse:collapse;width:300px;background-color:#EBF7FF;font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-emailBaseTable\" cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"300\">\n<tbody>\n<tr>\n<td align=\"center\"><img loading=\"lazy\" decoding=\"async\" style=\"width:300px;height:149px\" width=\"300\" height=\"149\" class=\"lp-rich-link-mediaImage\" alt=\"HLnrU0kWQAAvdDq.png\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/06\/HLnrU0kWQAAvdDq.png\"><\/td>\n<\/tr>\n<tr>\n<td>\n<div style=\"margin:10px 16px 0px 16px;color:#000000;font-weight:300;text-align:left;width:268px;font-size:11pt;overflow:hidden\" class=\"lp-rich-link-quotedText\">3\/3 Chicago CRE    The owner of the Aon Center 200 E. Randolph St Chicago, Illinois, a venture of 601W, formally requested another three-year extension on its $536M senior loan.    Appraised at $330.5M down 58% from $780M when it originally took out the loan.    &#8220;It\u2019s still unclear<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<table bgcolor=\"#EBF7FF\" cellpadding=\"0\" cellspacing=\"0\" width=\"300\" style=\"font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-captionBar\">\n<tbody>\n<tr>\n<td style=\"padding:6px 0px 6px 16px\" class=\"lp-rich-link-captionBar-leftIconItem\" width=\"25\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/fcnightingale\/status\/2069944251811565989?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/574386215694168064\/O4sqREQG_200x200.jpeg\" style=\"display:inline-block;width:25px;height:25px;border-radius:3px\" class=\"lp-rich-link-captionBar-leftIcon\" width=\"25\" height=\"25\" data-unique-identifier=\"\"><\/a><\/td>\n<td style=\"padding:8px 0px 8px 0px\" class=\"lp-rich-link-captionBar-textStackItem\">\n<div style=\"max-width:100%;margin:0px 16px 0px 10px;overflow:hidden\" class=\"lp-rich-link-captionBar-textStack\">\n<div style=\"font-weight:500;font-size:12px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-topCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/fcnightingale\/status\/2069944251811565989?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"text-decoration: none\"><font color=\"#000000\">Nightingale Associates (@FCNightingale)  78 likes \u00b7 6 replies<\/font><\/a><\/div>\n<div style=\"font-weight:400;font-size:11px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-bottomCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/fcnightingale\/status\/2069944251811565989?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"text-decoration: none\"><font color=\"#A2A2A9\">x.com<\/font><\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<\/div>\n<p><\/div>\n<p><br id=\"lineBreakAtBeginningOfSignature\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span>WordPress\u2019d from my personal iPhone,&nbsp;<a href=\"tel:650-283-8008\" dir=\"ltr\">650-283-8008<\/a>, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span><br \/><\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span>https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chicago\u2019s commercial real estate&nbsp; The owner of the Aon Center 200 E. Randolph St Chicago, Illinois, a venture of 601W, formally requested another three-year extension on its $536M senior loan. Appraised at $330.5M down 58% from $780M when it originally took out the loan. &#8220;It\u2019s still unclear whether 601W will get the extra time it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38779","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=38779"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/38780"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=38779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=38779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=38779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}