Distress

Rochester, N.Y. recorded the highest overall distress rate in CRED iQ's latest report for December 2024.
Finance  ·  CMBS
National

Overall U.S. Office Distress Rate Eclipses 17%

By Mike Haas
Tony Spring and the Macy's location in Downton Brooklyn.
Finance  ·  Distress
New York City

Macy’s Closing 66 Stores as Part of Reorganization

By Isabelle Durso
Finance  ·  CMBS
National

CRE CLO Distress Rate Reaches Record High of 13.2%

By Mike Haas
RFR Realty co-Founder Aby Rosen, and 285 Madison Avenue.
Finance  ·  Distress
New York City

RFR Holding Hit With Third Foreclosure In a Month at 285 Madison Avenue

By Isabelle Durso
Donald Bren, Bruce Flatt, Fesia Davenport, and Downtown Los Angeles.
Investments & Sales  ·  Leases
California

CO’s Most-Read 2024 Stories From Southern California

By Greg Cornfield
Signs on The Container Store, Party City, and Big Lots stores
Finance  ·  Distress
National

Container Store Among String of Retailers Filing for Bankruptcy, Closing Stores

By Isabelle Durso
Charles Cohen and 3 East 54th Street.
Finance  ·  Distress
New York City

Cohen Brothers Facing Foreclosure at 3 East 54th Street Amid High Debt

By Isabelle Durso
Aby Rosen and Michael Fuchs of RFR and 188 East 78th Street.
Finance  ·  Distress
New York City

RFR Hit With Another Foreclosure on UES Retail Property Amid String of Debt

By Isabelle Durso
David Happ, president of Donohoe Commercial Real Estate, and FEMA headquarters in Washington, D.C.
Finance  ·  CMBS
Washington DC

$130M Loan Tied to FEMA HQ in D.C. Transferred to Special Servicing Again

By Nick Trombola
Acore Capital Co-Founder and CEO Warren de Haan and The Line hotel, Washington, D.C.
Finance  ·  Distress
Washington DC

D.C. Hotel The Line Set for Foreclosure Auction Next Month

By Nick Trombola
Premium
Nathan Berman, founder and CEO of Metro Loft, and 180 Water Street.
Finance  ·  CMBS
New York City

$265M CMBS Loan Backed by Metro Loft’s 180 Water Street Headed to Special Servicing

By Brian Pascus
Premium
Finance  ·  CMBS
National

Office Distress Rate Climbs 70 Basis Points to 15.5% in November

By Mike Haas
Premium
RFR co-founder Aby Rosen and 17 State Street.
Finance  ·  Distress
New York City

Troubled RFR Holding Facing Another Foreclosure at 17 State Street

By Isabelle Durso
Premium
A view of the Helmsley Building. The Building was completed in 1929 in the Art-Deco and Beaux-Arts style by the Warren and Wetmore firm.
Finance  ·  Distress
New York City

Helmsley Building Faces Foreclosure After Defaulting on $670M Loan

By Isabelle Durso
Premium
Finance  ·  CMBS
National

‘Extend and Pretend’ Fastest-Growing CRE Loan Workout Strategy

By Mike Haas
Premium
Shane O'Kelly, president and CEO of Advance Auto Parts; Advance Auto Parts store front.
Finance  ·  Distress
National

Advance Auto Parts to Close 727 Stores Across U.S.

By Nick Trombola
Premium
An aerial view of Austin, Texas.
Finance  ·  Distress
National

Multifamily Distress Next Headwind for CRE, Short Seller Says

By Andrew Coen
Premium