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)
RFR Recapitalizes Manhattan’s 475 Fifth Ave. Office, Gets New Loan and Equity Partner
Commercial Real Estate Direct Staff Report RFR Holding, which was facing a foreclosure suit from its lenders over the $180 million mortgage against its 475 Fifth Ave. office building, has refinanced the property's matured loan. It's lined up a $160 ...
$105.3Mln Loan Against Phila. Office Property Transfers to Special Servicing
Commercial Real Estate Direct Staff Report The Oaktree Capital Management fund that owns the 617,476-square-foot Duane Morris Plaza office building in downtown, or Center City Philadelphia, didn't make the February debt-service payment on the property's $105.3 million loan. The loan, ...
Venture Faces Foreclosure of Mixed-Use Property in Brooklyn, N.Y.
The Real Deal Wells Fargo Bank has filed to foreclose against the $60 million mortgage on the 241 Atlantic Ave. mixed-use property in the Boerum Hill section of Brooklyn, N.Y. The loan had matured at the start of the year. ...
Rialto Files to Foreclose Against Loan on Manhattan’s 90 Fifth Office
BisNow Special servicer Rialto Capital Advisors has filed to foreclose against the $104.5 million CMBS loan against the 139,921-square-foot office building at 90 Fifth Ave. in midtown Manhattan. The loan is securitized through three CMBS deals: a $37 million piece ...
Brooklyn’s Hotel Bossert Headed to Foreclosure Auction
Crain's New York Business Beach Point Capital Management, which last year had purchased the $112 million loan against the 284-room Hotel Bossert in Brooklyn, N.Y., is foreclosing against the loan. The Santa Monica, Calif., company had paid $90 million, or 80 ...
ACORE Capital Takes Line Hotel in Washington, D.C., Through Foreclosure
Commercial Observer ACORE Capital, which in 2019 had provided $86 million of mortgage financing against the 220-room Line Hotel in Washington, D.C., has taken it through foreclosure. ACORE was the only bidder at the foreclosure auction. Elon Musk was rumored ...
Feil Hit with Foreclosure Suit Over Chicago’s 10 South LaSalle Office
Crain's Chicago Business A foreclosure lawsuit has been filed against the owner of the 781,426-square-foot office building at 10 South LaSalle St. in Chicago. The suit claims that Feil Organization, the New York company that owns the property, has defaulted ...
Chetrit Group Could Lose Manhattan’s Hotel Carter to Lender
Crain's New York Business Mack Real Estate Credit Strategies has filed a lawsuit against the owner of the 570-room Hotel Carter at 250 West 43rd St. in Manhattan. The New York lender claims that the property's owner, The Chetrit Group, ...
Parkview Moves to Foreclose Against Baltimore Apartments, Hotel
The Baltimore Banner Parkview Financial has filed to foreclose against the $45 million loan on the 550-unit Vivo Baltimore apartment property and the nearby Holiday Inn Hotel in Baltimore. The Los Angeles lender claims that Vivo Investment Group of El ...
400 South Tryon Office in Charlotte, N.C., Headed to Foreclosure Auction
Charlotte Business Journal The 587,000-square-foot 400 South Tryon St. office building in Charlotte, N.C., is scheduled for a foreclosure auction on Jan. 10. It will be held open for 10 days, allowing for so-called "upset bids." The winning bidder may ...
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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.
