https://finance-commerce.com/2018/10/j- ... at-a-loss/
The Walkway, a 92-unit mixed-use luxury building at 1320 W. Lake St., was sold Sept. 26 for $33.6 million in cash to an entity connected to Friedkin Realty Group of San Francisco. The apartment portion sold for $28.82 million and the 23,000 square feet of ground-floor retail for $4.77 million, according to certificates of real estate value made public Monday.
The transaction appears to represent a heavy loss for New York-based J.P. Morgan, which paid $53.75 million for the property in 2015. In that sale, J.P. Morgan paid $40.25 million for the apartment portion, a then-record of $437,500 per unit, and $13.5 million for the attached retail space, or $587 per square foot.