Somera Road – Commercial Observer

ABB Ltd.'s industrial property in Greenville, S.C. that was included in this portfolio acquisition.

Finance · Sales

SomeraRoad’s $137M Industrial Acquisition Kicks Off New Investment Vertical

By Mack Burke

Exterior of the Stutz Business & Art Center.

Finance · Sales

Prime Finance’s $17M Loan Buys Indianapolis’ Historic Stutz Factory

By Mack Burke

The debt space is distressed.

Finance · Coronavirus

The Distressed Debt Space Has Plenty of Interest, but the Dam Hasn’t Opened, Yet

By Mack Burke and Cathy Cunningham

A lawsuit has been filed against TPG Real Estate Finance Trust, a mortgage REIT affiliated with major investment manager TPG, alleging that it stopped making loan advances to one of its borrowers due its liquidity issues as a result of the economic impacts of COVID-19.

Finance · Industry

Lawsuit Claims TPG REIT Stopped Funding Loan Last Month Due to Liquidity Issues

By Mack Burke

Recording offices closing or modifying their hours has created hurdles for lenders trying to access, record and file necessary construction loan documents. With this, issues have surfaced in some areas, where lenders are having trouble securing lien priority as well as subsequent title insurance commitments.

Finance · Construction

Recording Office Closures Could Stymie Construction Loans, Disrupt Title Commitments

By Mack Burke and Cathy Cunningham

An empty parking lot at the Enfield Square Mall in Enfield, Conn.

Features · Industry

Sub-Divide and Conquer: Going Halfsies to Unlock Value in Distressed Retail

By Mack Burke

Thorofare Capital founder and CEO Kevin Miller.

Finance · Players

Thorofare Capital CEO Kevin Miller Banks on Bank-like Discipline

By Mack Burke

An aerial view of a city with squat office buildings.

Finance · Acquisition

Somera Road Nabs $152M for DC-Area Distressed Office Complex Acquisition

By Mack Burke

Somera Road founder and principal, Ian Ross.

Finance · Sales

The Natural: Ian Ross’ Somera Road Is Buying Your Distressed Real Estate

By Mack Burke

City Center Square, now known as the Lightwell Building, located in downtown Kansas City, Mo.

Finance · Acquisition

TPG Lends $60M for Downtown Kansas City Office Tower Acquisition

By Mack Burke