MF Global's Fall Costs CME Up To $100M On Building Sale

Law360, New York (February 15, 2012, 4:36 PM EST) -- The bankruptcy of broker-dealer MF Global Inc. may have cost CME Group Inc. as much as $100 million on its sale of the iconic Chicago Board of Trade Building, industry watchers said Wednesday.

CME is in the process of finalizing an agreement to sell the 82-year-old building to a joint venture led by local commercial real estate firm GlenStar Properties LLC for between $150 million and $180 million, according to media reports.

The reported sale is far below the $250 million analysts predicted the building would...
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