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Normale Ansicht

Morgan Stanley’s $2.5 Billion Parking-Meter Sale Roils Chicago Council

13. Juli 2026 um 13:00
For almost two decades, Chicago has been stewing over a $1.15 billion deal to lease 36,000 parking meters to an investor group led by Morgan Stanley. Now, with the meters set to change hands, the city council is seizing on an opening to push back.

A cyclist rides past a Chicago Parking Meters pay station in Chicago's Pilsen neighborhood. Photographer: Terrence Antonio James/Chicago Tribune/Getty Images

Blackstone’s $343 Million Loan on Chicago Tower Defaults

A Blackstone Inc. loan on an office tower in the heart of Chicago’s financial center has gone into default, the latest sign of the persistent challenges landlords face after the city’s commercial real estate values tumbled in the wake of the pandemic.

Signage outside the Blackstone headquarters in New York, US, on Tuesday, March 24, 2026. The world’s largest alternative asset managers, which for years have fueled the private credit boom, are suddenly grappling with investors skittish about the industry’s lending practices and exposure to businesses vulnerable to artificial intelligence.
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