Bubble alert

Downtown office impresario John Buck says in an article by Alby Gallun in today’s Crain’s that his next wave of real estate investments will focus on turning around distressed condo projects in Chicago:

bq. “I feel there’s overbuilding,” Mr. Buck says. “If we’re right about that, then I think there will be more takeovers by the lending community, who we enjoy a good reputation with, and that’s really what our focus will be.”