Chicago
Mar 18, 2025
R2’s loft office debt workout cuts Heitman out of the picture
Nonperforming loan purchaser Beltway Capital kept Matt Garrison’s firm on board
Foreclosure
Chicago
Mar 17, 2025
Hamilton seeks reprieve for big office debt as Accesso bleeds equity
Minority owner of Esplanade building in Downers Grove is putting up capital to hang onto property as $69M debt transfers to special servicer
Chicago
Mar 13, 2025
Beacon lists debt-burdened Loop office tower that’s losing tenants
Landlord has invested $14M in upgrades to attract leases
New York
Mar 12, 2025
The Daily Dirt: Final chapter in Eli Karp’s tale of woe
Bankruptcy auction on tap after building missed 421a by one unit
Atlanta
Mar 10, 2025
RG Real Estate grabs bargain near bottom of suburban market
Foreclosure discount on Kennesaw office complex accents metro’s challenges
Chicago
Mar 8, 2025
Digging into Chicago’s biggest brokers and builders
Plus, muddled foreclosure lawsuits threaten suburban CRE investments, River North mastermind Al Friedman opens up and more Chicago real estate news
Chicago
Mar 7, 2025
Stripe expands River North office lease in distressed Blackstone-owned tower
Fintech firm doubling River North office space set to be taken over by a lender after landlord defaulted on $310M loan
Chicago
Mar 7, 2025
Zaya Younan fights Arlington Heights office foreclosure in bizarre conundrum
Royal Business Bank seeking title to One North Arlington as well as the commercial landlord’s luxury home outside Los Angeles
Chicago
Mar 6, 2025
Skokie hotel developer E&M faces messy foreclosure on $24M construction loan
Lender’s lawsuit is the latest setback in three years of delays on a Homewood Suites by Hilton planned for downtown Skokie by local developer
Chicago
Mar 4, 2025
Struggling Sonder ditches River North hotel, landlord sues for $4M
Dispute arises after Hawkins Way Capital, owner of 60-room Found Hotel, dodged foreclosure last year
Chicago
Mar 1, 2025
Weekend tour: Developers turn to data centers as backup plans & other news
Major Hoffman Estates plan, office project by 601W pivot — and more headlines in Chicago real estate
Chicago
Feb 28, 2025
Bulls player Williams straightens out mortgage snafu on Gold Coast condo
Reps for Patrick Williams say alleged loan default was due to a clerical error; Goethe Street unit is among several high-profile Chicago-area loans to fall into potentially errant default disputes
New York
Feb 28, 2025
Look who wants to settle now: Charles Cohen asks court to delay $187M judgment
Source: French courts have seized assets from billionaire’s “chateau”
Chicago
Feb 26, 2025
Blackstone hit by foreclosure on $310M loan for River North Point
Goldman Sachs sued over the debt after Blackstone allegedly defaulted at maturity
San Francisco
Feb 24, 2025
Lenders push back foreclosure auction for San Francisco’s largest mall
Deutsche Bank, JPMorgan Chase owed $626M secured by San Francisco Centre
Chicago
Feb 21, 2025
LNR Partners lists healthy Loop retail after seizing in foreclosure
Retail portion of 1 North State Street is mostly leased
Chicago
Feb 21, 2025
CA Ventures faces T2 foreclosure at Mundelein development site
Several residential projects have been proposed for debt-burdened property, but no firm has managed to start construction
Atlanta
Feb 20, 2025
Crestlight Capital portfolio heads to foreclosure auction
Office and retail portfolio in submarket with city’s highest office vacancy
Chicago
Feb 14, 2025
Assuming control: Inside embattled attorney Mark Nussbaum’s playbook in Chicago
Nussbaum’s entities took over properties after bizarre flips and trouble among Lakewood dealmakers
Chicago
Feb 13, 2025
Notre Dame University gives back historic Railway Exchange Building
New York Life Insurance seized asset via deed-in-lieu of foreclosure