Charlotte
Apr 28, 2025
Lenders seize uptown office tower for 31% its assessed value
Former owner Oaktree, known for distress buys, let the building go, signaling trouble for Charlotte’s aging office properties
Synovus Bank
Charlotte
Apr 3, 2025
Lenders’ credit bid of $61 per sf reveals bottom of office market
Auction of Uptown tower still open after offer for a third of its appraised value
Charlotte
Dec 30, 2024
Oaktree losing uptown tower to auction after $91M default
Lenders Citizens Bank, Synovus Bank sued for foreclosure last month