June 21, 2007
If the higher price holds, Blackstone officials could be heaving a sigh of relief. If it doesn’t, some experts say, it could have a wide-rippling impact on both the Chicago market and deals valuations across the country. "This is a significant deal, not only for them but for the whole office market," said Dolores Conway, director of the Casden Forecast of the USC/Lusk Center for Real Estate.