Distress

Jackson Hsieh, President and CEO of Macerich, and Santa Monica Place Shopping Mall.
Finance  ·  Distress
California

Santa Monica Place Mall’s Value Plummets 59%

By Greg Cornfield
RFR Realty co-Founder Aby Rosen, and 285 Madison Avenue.
Finance  ·  CMBS
New York City

RFR’s 285 Madison Back in Special Servicing After Loan Extension

By Mark Hallum
Adam Frazier of Columbia Property Trust, and 1800 M Street NW in Washington, D.C.
Finance  ·  Distress
Washington DC

Another Big D.C. Office Building Heads to a Foreclosure Auction

By Greg Cornfield
Scott Rechler and The Helmsley Building
Finance  ·  Distress
New York City

The Helmsley Building Sees 40% Slump in Value Over Last Three Years

By Amanda Schiavo
Finance  ·  CMBS
National

CRE CLO Distress Rate Inches Down to 12.1%

By Mike Haas
Mark Talgo, Senior Managing Director and Head of New York Life Real Estate Investors, and 1111 19th Street NW in Washington, D.C.
Finance  ·  Distress
Washington DC

New York Life Posts Foreclosure Notice on D.C. High-Rise

By Nick Trombola
Finance  ·  CMBS
National

CMBS Distress Rate Climbs Higher in October to 9.6%

By Mike Haas
Jaime Lee, CEO of Jamison, and Equitable Plaza in L.A.'s Koreatown neighborhood.
Finance  ·  Distress
California

Jamison Defaults on Debt Tied to L.A.’s Equitable Plaza

By Nick Trombola
Bryant Riley and Vitamin Shoppe
Finance  ·  Distress
National

Vitamin Shoppe Owner Franchise Group Files for Bankruptcy, Announces Restructuring

By Isabelle Durso
Robert Morse, chairman of Bridge Investment Group, and a rendering of 1220 Pennsylvania Avenue SE in Washington D.C.
Finance  ·  Distress
Washington DC

D.C. Multifamily Building Headed to Foreclosure Auction Next Month

By Nick Trombola
Aby Rosen and Michael Fuchs, co-founders of RFR Holding and the Chrysler Building.
Finance  ·  Distress
New York City

Judge Evicts RFR From Chrysler Building; Cooper Union Takes Control of Historic Tower

By Brian Pascus
Design + Construction  ·  Finance
National

CMBS Interest Rates Down Since July

By Mike Haas
RFR co-founders Aby Rosen and Michael Fuchs.
Finance  ·  CMBS
New York City

RFR’s $105M Mortgage at 90 Fifth Avenue More Than 90 Days Delinquent: Report

By Brian Pascus
401 Market Street, Philadelphia.
Finance  ·  CMBS
Pennsylvania

$52M CMBS Loan Backed by Philadelphia’s 401 Market Street Sent to Special Servicing

By Brian Pascus
Blackstone Mortgage Trust CEO Katie Keenan and 470-490 L'Enfant Plaza, Washington, D.C.
Finance  ·  Investments & Sales
Washington DC

Blackstone Mortgage Trust Wins D.C. Office Portfolio at Auction for Bargain Price

By Nick Trombola
BH3 co-founders and co-CEOs Daniel Lebensohn and Gregory Freedman, Executive Chairman Eric-Edidin, and 500 West 45th Street.
Finance  ·  Distress
New York City

Lender BH3 Takes Over Xin Development’s Unsold Condo Units at 500 West 45th Street

By Amanda Schiavo
Friars Club Dean Arthur Aidala and the Friars Club at 57 East 55th Street.
Finance  ·  Distress
New York City

Friars Club Up for Sale After Facing Foreclosure Over $13M Loan

By Isabelle Durso