Offices near O'Hare with little vacancy hit the market: Investors are paying fire-sale prices for distressed office buildings. What will they pay for one that has been renovated and is almost full?

The One O'Hare office building near O'Hare International Airport is being put up for sale by a joint venture of MDC Realty Advisors and Nicola Wealth Management. The 12-story building, which was purchased for $83 million over eight years ago, is almost entirely leased and is expected to sell for around $70 million. Despite the challenging office market, the building's long-term tenants and recent investments in amenities may help maintain its value. The sale includes a five-story parking garage with over 1,000 spaces. [Extracted from the article]