`We Are Buying As Much Office As We Can Swallow`: One Shark Is Circling Chicago’s Depressed Office Market

There are many reasons for investors to be bearish on Chicago’s office market at present. Occupancy rates are sagging, companies are downsizing their footprints and a potential new transfer tax could impact the prospects of virtually every city office property.

But Quintin Primo III isn’t shying away.

Primo’s Capri Investment Group has inked office deals in Chicago and Washington, D.C., over the past year, and is closing in on one in Los Angeles, part of a major bet on the future value of the discounted asset class.

“We love the office market right now,” said Primo, the keynote speaker at Bisnow`s Chicago Capital Markets & CRE Finance event Thursday at Swissôtel Chicago. “We are buying as much office as we can swallow.”...

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RSK: A whole lot of risk here but a lot of potential upside.