Crescent Heights, a developer based in Miami, has put Nema Chicago, the tallest all-rental high-rise in Chicago, on the market. The 76-story luxury tower, located in the South Loop and overlooking Grant Park, is being marketed by CBRE. The sale comes at a time when high interest rates have led to decreased values for commercial properties, and apartment sales in the Chicago area have dropped by 30% compared to the previous year. However, Chicago has seen rent growth and Nema is currently 96.5% occupied. The developer is open to a joint venture or recapitalization investment strategy in addition to a sale. [Extracted from the article]