https://www.live-feeds.com/feed/wacker-drive-office-tower-sold-at-75-discountContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/wacker-drive-office-tower-sold-at-75-discounthttps://www.live-feeds.com/feed/wacker-drive-office-tower-sold-at-75-discount#u201274Sat, 14 Nov 2026 22:05:26 +0000Ken Buckman and Robert Castillo acquired the 41-story office tower at 121 W. Wacker Drive from Ameritus for $30 million, representing a roughly 75% discount from its prior valuation. The sale closed as part of a broader reset in Chicago's downtown office market, where vacancy remains high and property values have plummeted. Buyers are betting on a turnaround driven by Google's planned expansion into the nearby Thompson Center, which could bring thousands of workers to the area. The building, once a trophy asset, had been burdened by debt and declining occupancy.Why it mattersThe tran