Los Angeles
Apr 16, 2026
EY Plaza loses another buyer
Second deal for distressed downtown office tower collapses after Carolwood’s prior $130M pact, would-be buyer unknown
Situs Holdings
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Chicago
Oct 23, 2024
Distress hits CRG’s Uptown asset amid urban multifamily slump
Developer tried to sell apartment highrise ahead of maturity date on $39M debt
Chicago
Feb 26, 2026
Situs hits Lake Point Tower PH owner Chen with more foreclosures, raising his alleged Chicago loan defaults to over $50M
Lenders are applying pressure on his apartment portfolio, which includes former South Loop Club building at 701 South State Street