For $3.5 million you can buy a 3,800sq ft house in Mt. Pleasant, or a 43 story, 1.4 million square foot skyscraper in St. Louis. That previously sold for hundreds of millions? Now there's another skyscraper in Baltimore on the market for $1.5 million.
Are these sale prices so low because buyers are assuming prior debt? What's the deal?
Just seems odd, but I'm sure there's an explanation not given in the stories I've read.