Texas
Mar 8, 2025
DOGE puts Texas office space on chopping block
Plus: Hines lands rare refi for Texas Tower, Weinreb Ventures advances its Frisco megadevelopment, and more Texas real estate news
Morgan Stanley
Chicago
Mar 5, 2025
Low-key River North landlord closes debt gap to score $160M refi
Borrower led by Teresa Tsai pulled off big debt deal for apartment tower while facing foreclosure at Downers Grove office property
Houston
Mar 3, 2025
Hines’ Texas Tower lands rare $450M refinancing deal
First office tower outside of NYC financed with these circumstances in two years
New York
Feb 6, 2025
Loan for Morgan Stanley, Crown Acquisitions retail shipped to special servicing
Lone tenant Gap may not renew lease at 170 Broadway
San Francisco
Jan 22, 2025
Google grows office footprint by 134K sf in SF’s Embarcadero
Lease renewal-expansion at Hills Plaza comes as firm prepares to exit One Market Plaza
Texas
Jan 13, 2025
JPMorgan Chase calling all workers back to office in March
Has 18,500 workers in Dallas-Fort Worth, massive lease in Hunt Tower, big retail expansion plans
Atlanta
Jan 9, 2025
Ardent Cos faces foreclosure on Buckhead office complex
Spurred by default on $330M loan for 14-building Piedmont Center
Chicago
Jan 8, 2025
Murphy, Insite near $53 per sf deal for one of Loop’s tallest towers
$70M deal would be among biggest Chicago office value collapses
New York
Dec 17, 2024
Morgan Stanley sells 2 Park Avenue for $360M
Office trades to Haddad Brands for $159M off 2007 purchase price
New York
Dec 4, 2024
Lenders initiate foreclosure of RXR’s iconic Helmsley Building
Scott Rechler’s firm defaulted on $670M last year
New York
Nov 26, 2024
SL Green gobbles up 500 Park for $130M
Morgan Stanley put office condo up for sale two months ago
New York
Sep 12, 2024
Morgan Stanley eyes $125M for boutique Park Avenue office
Bank puts office portion of 500 Park Ave up for sale
San Antonio
Sep 9, 2024
Retail is hot. Can this “value-add” shopping mall find a buyer?
Morgan Stanley affiliate lists Ingram Park Mall, purchased after Simon default
Los Angeles
Aug 14, 2024
Hospitality startup pays $80M for Mid-Century hotel in Laguna Beach
LA-based Dune Drifter, with ties to the Marriott family, buys beachfront property
New York
Aug 1, 2024
Office valuations slashed in Midtown and FiDi: NYC’s top loans report
Loan amounts tumbled for several major commercial properties last month
Los Angeles
Jul 17, 2024
Minskoff Equities defaults on Playa Vista office with $271M debt
Morgan Stanley provided loan on half-empty campus called The Bluffs
Chicago
Jun 14, 2024
Investors claim Gabal, JLL cut them out of distressed Loop office deal in failed auction
Group including investor with colorful past, John E. Thomas, alleges they were left out of massively discounted deal to buy 300 West Adams at $17 psf
Chicago
Mar 22, 2024
Paydown to proceed: Chicago multifamily landlords working out debts
Thawing lending environment is saving some but not all distressed properties
Chicago
Mar 4, 2024
Debt-free office buildings can give Chicago landlords an edge
Paying off debt makes it easier to offer competitive lease terms, but demand still lags
Chicago
Jan 5, 2024
Igor Gabal buys West Loop office building for $17 per square foot
Investor plans to convert West Adams building to smaller office spaces