David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Subject: Bankruptcy/Foreclosure (BKRPT)
Blackstone Takes L’Enfant Plaza in Washington, D.C., Through Foreclosure
Commercial Real Estate Direct Staff Report Blackstone Mortgage Trust has taken L'Enfant Plaza, with 892,480 square feet of office and retail space in Washington, D.C., through foreclosure. The property, four buildings at 470, 490, 955 and 429 L'Enfant Plaza SW, ...
Northwind Aims to Take Former Ace Hotel in Lower Manhattan Through Foreclosure
Northwind Group, which three years ago had provided $18 million of subordinate financing against the former Ace Hotel on Manhattan's Lower East Side, has scheduled a foreclosure auction for next month in order to take full title to the troubled ...
Charles Cohen Faces Foreclosure of Manhattan’s 3 East 54th St.
Crain's New York Business Forethought Life Insurance Co. and Kookmin Bank have filed a lawsuit to foreclose against the $85 million loan they hold on the 283,465-square-foot office property at 3 East 54th St. in Manhattan. The building, constructed in ...
Highgate Turns San Francisco Hotel Over to Lender
San Francisco Business Times Highgate has given the keys to the 686-room Hyatt Regency hotel in San Francisco to its lender, an affiliate of Blackstone Mortgage, in a deed-in-lieu of foreclosure. The New York company failed to pay off the ...
Foreclosure Suit Filed Against Chicago Office Property
Crain's Chicago Business Deutsche Bank has filed a foreclosure suit against the owner of the 536,000-square-foot office property at 200 West Monroe St. in Chicago. The suit alleges that the owner, Accesso Partners, hasn't made a loan payment against the ...
Line Hotel in Washington, D.C., Heads to Foreclosure
BisNow ACORE Capital, which in 2019 had provided $86 million of mortgage financing against the 220-room Line Hotel in Washington, D.C., has filed to foreclose against it. The hotel is owned by a venture of Sydell Group, Foxhall Partners, Friedman ...
Martin Selig Defaults on $221Mln of Debt Against 2 Seattle Office Buildings
The Seattle Times Martin Selig has defaulted on $221 million of debt against two office buildings in Seattle. The local developer is now at risk of losing the 230,000-sf 400 Westlake Ave. North, along with the 204,000-sf 1015 2nd Ave. ...
UCC Foreclosure Auction Scheduled for Boca Raton, Fla., Apartments
The Real Deal Penn-Florida Cos. is in danger of losing its 101 Via Mizner Apartments in Boca Raton, Fla. Blackstone Mortgage Trust has filed a Uniform Commercial Code foreclosure auction for Jan. 15 for the 366-unit property. The mortgage REIT ...
Manhattan’s 17 State St. Office Faces Foreclosure
Crain's New York Business RFR Holding is facing the loss, through foreclosure, of the 560,210-square-foot office property at 17 State St. in lower Manhattan. Rialto Capital Advisors, special servicer of the building's $180 million mortgage, filed to foreclose in New ...
CMBS Trust Files to Take Manhattan’s Helmsley Building Through Foreclosure
Commercial Real Estate Direct Staff Report The CMBS trust that holds a $670 million loan against the 1.4 million-square-foot Helmsley Building at 230 Park Ave. in midtown Manhattan has filed to foreclose against it. In a summons filed in New ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
