Distress

32 Avenue of the Americas and Heinz 57 Center in Pittsburgh, Penn.
Finance  ·  CMBS
Pennsylvania

Office Problems in New York, Pittsburgh Lead to CMBS Bond Downgrade

By Brian Pascus
Finance  ·  CMBS
National

Office Distress Hits New Peak, Up 156% in Last 18 Months

By Mike Haas
Barry Sternlicht, CEO of Starwood Property Trust, and 29 West 35th Street.
Finance  ·  Investments & Sales
New York City

Barry Sternlicht’s LNR Takes Control of Midtown Building After Foreclosure Auction

By Mark Hallum
CMBS office distress is taking forever to resolve, and the complications within the opaque security have only added to the pain
Finance  ·  CMBS
National

As CMBS Office Distress Takes Longer to Resolve, Focus Turns to the Pain Points

By Brian Pascus
Finance  ·  CMBS
National

Commercial Real Estate CLOs Confront Rising Distress From Higher Interest Rates

By Andrew Coen
Overlooking the greater Chicagoland area.
Finance  ·  CMBS
Illinois

$89M CMBS Loan Backed by Chicago-Area Corporate Campus Sent to Special Servicing

By Brian Pascus
Finance  ·  CMBS
National

How the Big Special Servicers Are Tackling Troubled CRE Loans

By Mike Haas
David Bistricer of Clipper Equity.
Finance  ·  CMBS
New York City

Clipper Equity’s $100M CMBS Loan on Brooklyn Office Building Now Delinquent

By Brian Pascus
High Falls on the Genesee River running through downtown Rochester.
Finance  ·  CMBS
New York

Unpaid Utility Bills Sends Industrial CMBS Loan to Special Servicing

By Andrew Coen
Rendering of 470-490 L'Enfant Plaza.
Finance  ·  Distress
Washington DC

D.C. Office Portfolio Heading to Foreclosure Auction

By Nick Trombola
Joseph Chetrit of the Chetrit Group and the building that formerly stood at 265-275 Cherry Street before it was demolished for Chetrit's 1,300-unit apartment complex project.
Finance  ·  Distress
New York City

Chetrit Group Defaults on $8M Loan at LES Residential Development Site

By Isabelle Durso
Finance  ·  CMBS
National

CRE Loan Modifications, Foreclosures Continue to Increase

By Mike Haas
One and Two Gateway Center in Pittsburgh, Pa.
Finance  ·  CMBS
Pennsylvania

CMBS Loan Backed by Pittsburgh’s Gateway Center Sent to Special Servicing

By Brian Pascus
Hilton Garden Inn Jacksonville | Ponte Vedra.
Finance  ·  CMBS
National

CMBS Hotel Portfolio Transferred to Special Servicing

By Brian Pascus
David Schwartz, Waterton CEO and co-founder.
Finance  ·  Acquisition
National

David Schwartz’s Waterton Raises $1.7B for Multifamily Investment Fund

By Brian Pascus
Aby Rosen and Michael Fuchs, co-founders of RFR Holding, and 4 Stamford Plaza (left) and 3 Stamford Plaza.
Finance  ·  CMBS
Connecticut

CMBS Loan on Four Stamford Office Buildings Owned by RFR Hits Special Servicing

By Andrew Coen
401 South State Street in Chicago, Ill.
Finance  ·  CMBS
Chicago

Former Robert Morris University Office in Chicago Appraised at Paltry $9.2M

By Brian Pascus