National
Dec 6, 2024
Suburban hell: Biggest CMBS office loan in special servicing is $1.2B
Workspace Property Trust’s huge bet going bad
Distressed Properties
New York
Aug 14, 2024
Midtown office default shows refi pain persists
8-month loan search by London-based Tamares Group fails
South Florida
Aug 1, 2024
Scott Robins, Philip Levine team up with Tricera to buy Aby Rosen’s Lincoln Road building at discount
JV paid $14M for the distressed property facing foreclosure on Miami Beach’s retail promenade
South Florida
Apr 24, 2024
Starwood sells four office buildings in Miramar at a loss for $45M
YMP Real Estate Management, led by Moshe and Yaffa Popack, bought properties
San Francisco
Apr 1, 2024
After $1B default, Veritas’ CEO and founder Yat-Pang Au plans a comeback
It's the company's moment of truth
San Francisco
Aug 21, 2023
Second default in year for San Jose R&D building
58K sf property at Alviso Tech Park delinquent on mortgage despite being fully leased
San Francisco
Aug 15, 2023
GEM Realty in trouble on SF office building with WeWork as tenant
Loan for $24M enters special servicing as co-working firm admits “doubt” about future
San Francisco
Aug 14, 2023
Park Hotels has “no appetite” for workout of $725M loan on SF hotels
REIT stopped payments on Hilton San Francisco and Parc 55 debt in June
National
Jul 19, 2023
Offices overtake malls as most distressed asset class
Second quarter saw $25B worth of troubled property, 36% jump over Q1
Los Angeles
Jul 19, 2023
Brookfield’s Gas Company Tower in receivership sees almost 60% value cut
52-story tower now appraised at less than $200 a square foot
South Florida
Jul 14, 2023
South Beach retail slump: Investors buy Collins Avenue building at 75% discount
Garfield and Rebecca Spencer are partnering with chef Richard Neat for planned restaurant on site
National
Jun 28, 2023
David Rubenstein champions downtown office debt
Carlyle Group co-chair deemed market distress the “best single investment” today
National
Jun 5, 2023
Banks tearing off Band-Aid on bad office loans
Lenders looking to cut losses, workout specialists say
South Florida
Apr 10, 2023
Coming of age: Distress player Fuse enters the development arena
Eyal Peretz’s firm is seizing on the down market
South Florida
Mar 3, 2023
Lender takes over Delray Beach townhomes
Lender ULE Group now owns 31-unit complex
South Florida
Feb 6, 2023
A scavenger hunt for distress in South Florida
The area's commercial real estate market has been booming, but it's not immune to mounting debt and rising rates
South Florida
Feb 2, 2023
A scavenger hunt for distress in South Florida
The area's commercial real estate market has been booming, but it's not immune to mounting debt and rising rates
South Florida
Jan 3, 2023
NY firm sells Miami Beach mixed-use building at 40% loss
South Florida distressed sales are expected amid rising interest rates, but this Collins Avenue building traded at a discount because of high vacancy, broker says
New York
Aug 19, 2022
Pacific Oak Capital, Savanna default on 110 William Street
Lender talking loan extension after slew of tenants depart
South Florida
Apr 6, 2022
Vivian Dimond, partners acquire Ross-anchored building on Lincoln Road from lender
Buyer financed acquisition with $20M loan from FirstBank