Chicago
Feb 4, 2026
Lender GreenState seizes $178M suburban office campus from Shaya Prager
Embattled landlord no longer owns sprawling office complex in Deerfield, but his deal partner Katherine Cartagena still owns its ground lease
Distressed Assets
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Chicago
Dec 10, 2025
BlueFive, Golub face “imminent” $51M Mag Mile office loan default
Special servicer LNR took over debt management for the building at 625 North Michigan Avenue, where Ben Ashkenazy surrendered its retail portion to a separate lender last year
South Florida
Feb 3, 2026
CGI Merchant loses 550 Biltmore as its portfolio cracks
Raoul Thomas’ firm has been bleeding assets over allegedly unpaid loans