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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

Few winners, many losers as office building debt and vacancy worsens

The Old Post Office in Chicago has undergone nearly a billion dollars in renovations. (Owen Ziliak/Sun-Times)

The late property tycoon Sam Zell used to send a gift every year to several hundred close friends — a custom music box designed as a commentary on some economic issue.

Just guessing here, but if Zell were around to send pals something this year, it might be a contraption depicting urban towers rocking to the sound of Carole King’s, “I feel the earth move under my feet …” The target demographic will get it.

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