Editing Two Prudential Plaza (section)

==History==
Construction started in 1988, and Two Prudential Plaza was completed in 1990. At the time of completion, Two Prudential was the world's tallest reinforced concrete building. Its distinctive shape features stacked chevron [[Building setback|setbacks]] on the north and south sides, a pyramidal peak rotated 45°, and an {{convert|80|ft|m|adj=mid}} spire.

The building is attached to [[One Prudential Plaza]] (formerly known as the Prudential Building) since 1992. Without its spire, the building's height is still slightly greater than that of One Prudential Plaza's pinnacle.<ref name="emporis"/>

In May 2006, BentleyForbes, a Los Angeles–based real estate investment firm run by [[Frederick Wehba]] and his family, purchased Two Prudential Plaza, along with its sister property, [[One Prudential Plaza]] for $470 million (equivalent to ${{formatprice|{{inflation|US|470,000,000|2006}}}} in {{inflation/year|US}}{{inflation/fn|US}}).<ref name=purchase>{{cite news| date=May 30, 2006| title=BentleyForbes secures financing for Prudential Plaza purchase| first=Alby| last=Gallun| url=http://www.chicagobusiness.com/realestate/20060530/CRED03/200020795/bentleyforbes-secures-financing-for-prudential-plaza-purchase| newspaper=[[Crain Communications|Crain's Chicago Business]]| access-date=September 3, 2017}}</ref>

In 2015, BentleyForbes defaulted on the mortgage for the towers due to the [[Great Recession]]  and New York–based investors 601W Companies and Berkley Properties took control of the property after investing more than $100 million (more than ${{formatprice|{{inflation|US|100,000,000|2015}}}} in {{inflation/year|US}}{{inflation/fn|US}}) in equity to recapitalize.<ref name=ori>{{cite news| date=September 8, 2015| title=Prudential Plaza gets new $415 million loan| first=Ryan |last=Ori| url=http://www.chicagobusiness.com/realestate/20150908/CRED03/150909869/prudential-plaza-gets-new-415-million-loan| newspaper=Crain's Chicago Business| access-date=September 3, 2017}}</ref>   BentleyForbes continues to have an interest in the owning partnership.<ref name=Olshan>{{cite press release| title=Gleicher Leads NY Investors in Acquisition of Controlling Interest of Chicago's Prudential Plaza Office Towers| date=June 6, 2013| url=http://www.olshanlaw.com/resources-mentions-Gleicher-Chicago-Prudential-Office-Tower.html| website=Olshan Frome Wolosky LLP}}</ref>