San FranciscoMay 1, 2024Gem Realty defaults on SF office complex with $47M debt loadWeWork location in Union Square could face foreclosure, depending on loan negotiations
ChicagoApr 29, 2024Hearn, GEM face $275M Loop office foreclosureJoint venture involving Chicago-based CRE players and San Francisco’s Farallon Capital is latest to default on massive debt
San FranciscoOct 3, 2023San Francisco sees surge in office defaults, with more on the horizonProperty owners struggle with higher interest rates and record vacancy of 34%