Columbia Property Trust Deal Provides Window Into CRE Distress
National
Sep 18, 2023

Tranche warfare: Lenders tussle for control of distressed real estate

With equity wiped out, debtholders are fighting to save their own necks
Department of Housing Preservation and Development's Adolfo Carrión Jr. and 4711 Austell Place (CSSNY, VTS)
New York
Sep 7, 2023

City plans migrant shelter at converted LIC office building

New Jersey LLC owns 170K sf property on Austell Place
Columbia Property Trust's Adam Frazier and Allianz's Christoph Donner with 333 Market Street (Columbia Property Trust, Allianz Real Estate of America, Dead.rabbit CC BY-SA 4.0 via Wikimedia Commons)
San Francisco
Sep 21, 2022

SF office tower leased to Wells Fargo shopped for sale

Bank will occupy entire 620K sf building for next 10 years
From left: Columbia Property Trust CEO Nelson Mills and Oxford Properties Group executive Adam Frazier (Getty Images, Columbia Property Trust)
New York
Aug 24, 2022

Oxford exec to lead Columbia Property Trust

Nelson Mills to be succeeded by Adam Frazier
Wells Fargo's Charles W. Scharf and 333 Market Street, San Francisco (Wells Fargo, Google Maps)
San Francisco
Jun 24, 2022

Wells Fargo renews on 620K sf for San Francisco HQ

Financial District lease for 10 more years biggest deal since start of pandemic
Columbia Property Trust CEO Nelson Mills and 799 Broadway (Columbia Property Trust, 799BroadwayNYC.com, iStock)
New York
Jun 17, 2022

Columbia Property Trust lands $270M refi at 799 Broadway

Blackstone Mortgage Trust provided financing
Columbia Property Trust's Nelson Mills and 799 Broadway (Columbia Property Trust, 799 Broadway, iStock)
New York
May 20, 2022

Columbia Property Trust signs investment firm to 71K sf at 799 Broadway

Boston-based Wellington Management becomes fourth tenant at boutique building
Sotheby’s auction house buys LIC’s Gantry Point for $82M
New York
Feb 22, 2022

Sotheby’s auction house buys LIC’s Gantry Point for $82M

Seller Columbia Property Trust converted the office building from a warehouse it acquired for $39M in 2018
Construction unions pressure developers of Terminal Warehouse
New York
Feb 18, 2022

Construction unions pressure developers of Terminal Warehouse

Organized labor using pension fund as leverage against nonunion contractor
218 West 18th Street and Columbia Property Trust’s Nelson Mills (Google Maps, Columbia Property)
New York
Dec 7, 2021

Columbia Property unloads Chelsea office for $170M

Deal comes as REIT finalizes $4B sale to PIMCO
Columbia Property Trust's Nelson Mills and 799 Broadway (Columbia Property Trust, Perkins & Will)
New York
Nov 4, 2021

Columbia Property Trust notches second 799 Broadway tenant

Bain Capital Ventures moving to 12-story boutique office building
Columbia Property Trust signs online mortgage lender at 799 Broadway
New York
Oct 4, 2021

Columbia Property Trust signs online mortgage lender at 799 Broadway

12-story boutique office building set to open in coming weeks
(Adam Popper via LinkedIn)
New York
Sep 21, 2021

Adam Popper joins Thor Equities as VP of acquisitions

Popper was previously an executive with Columbia Property Trust
Columbia Property Trust CEO Nelson Mills and PIMCO CEO Emmanuel Roman (Columbia Property Trust, PIMCO)
New York
Sep 7, 2021

PIMCO buying Columbia Property Trust for $2.2B

Deal by investment management firm valued at $3.9 billion including debt
Columbia Property Trust CEO Nelson Mills and Thornton Tomasetti managing director Gary Panariello (Columbia, Thornton)
San Francisco
Aug 18, 2021

Columbia Property Trust sues Thornton Tomasetti for unpaid rent in San Francisco

Landlord claims engineering firm owes more than $800K
Columbia Property Trusts CEO Nelson Mills (iStock)
New York
Jul 30, 2021

Columbia Property Trust reports first net loss of pandemic

Executives expect lucrative leases in coming months
Columbia Property Trust CEO Nelson Mills with 799 Broadway and 149 Madison Avenue (CPT)
New York
Apr 30, 2021

Columbia Property Trust ponders $2.2B takeover offer

Firm sinks $2.4M into strategic review