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CA 226 West 6th Street San Pedro scaled

Newmark Closes Note Sale on San Pedro Adaptive Reuse

California + Los Angeles + Distressed Assets | August 11, 2026

CHI Aon Center Chicago

CMBS Delinquency Rate Adds 51 Basis Points in July 2026

National + Distressed Assets | August 6, 2026

Saratoga Capital Pays $98.4M at Auction for Atlanta Apartment Community

Atlanta & Southeast + Atlanta + Distressed Assets | August 12, 2026

Generation Atlanta

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Latest Atlanta & Southeast Distressed Assets Stories

Generation Atlanta

Saratoga Capital Pays $98.4M at Auction for Atlanta Apartment Community

Atlanta & Southeast + Atlanta + Distressed Assets | August 12, 2026

Saratoga Capital Partners bought the 336-unit Generation Atlanta community on Centennial Olympic Park Drive for $98.4 million in a foreclosure auction. Frankforter Group was the building’s previous owner. In late 2021, Frankforter bought the project from Kaplan Residential for $126.9 million, then a record sale. The Atlanta Business Chronicle reports that since then, Frankforter has …

Town Center at Cobb

Ardent Acquires Kennesaw Mall

Atlanta & Southeast + Atlanta Metro + Distressed Assets | July 20, 2026

Town Center at Cobb in Kennesaw transferred to The Ardent Cos. as part of a foreclosure auction. The Atlanta Business Chronicle reports the transaction was valued at $51.75 million. Kohan Retail Investment Group purchased Town Center at Cobb for $71 million in January 2023 and took out a $42 million loan that became tied to Hull Property …

Latest Boston & New England Distressed Assets Stories

BOS Park Square Building 31 St. James Avenue Boston lobby

LNR Partners Takes Ownership of Back Bay Offices in Special Servicing

Boston & New England + Boston + Distressed Assets | March 25, 2026

A 540,000-square-foot Back Bay office building known as the Park Square Building is now in the hands of a lender that placed the winning bid at an auction Tuesday, the Boston Business Journal reported. Starwood Capital Partners subsidiary LNR Partners bid $95 million to take control of the property at 31 St. James Ave., for which …

BOS 25 Newport Avenue Quincy MA Office Properties Income Trust

Creditors Propose Takeover of Office Properties Income Trust

Boston & New England + Metro Boston + Distressed Assets | March 20, 2026

A group of creditors is proposing to take control of the bankrupt Office Properties Income Trust in a plan filed in a Texas court last week, the Boston Business Journal reported. The creditors include the hedge funds Helix Partners Management, Redwood Capital Management and Whitebox Advisors, along with Boston-based Liberty Mutual Investments. Creditors will vote …

Latest California Distressed Assets Stories

CA 226 West 6th Street San Pedro scaled

Newmark Closes Note Sale on San Pedro Adaptive Reuse

California + Los Angeles + Distressed Assets | August 11, 2026

Newmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units. Executive managing director Ryan Plummer, co-head of U.S. Capital Markets Kevin Shannon, vice chairman …

CA 1775 Beloit Avenue West LA COLLIERS

Co-Living Complex Near UCLA Will Become Student Housing

California + Los Angeles + Distressed Assets | August 4, 2026

Colliers completed the $8,500,000 sale of a multifamily complex located at 1775 Beloit Ave. in West Los Angeles. Vice chair Kitty Wallace represented both the buyer, UCLA Housing Group, and the seller, Enterprise Bank. The sale was completed through a court-appointed receivership process. UCLA Housing Group plans to convert the property into student housing. Constructed …

Latest Chicago & Midwest Distressed Assets Stories

City of Chicago

Clear Investment Group Aims at Multifamily Portfolios with $300M Fund

Chicago & Midwest + Downtown + Distressed Assets | June 2, 2025

Chicago-based Clear Investment Group (CIG) is targeting $300 million for the Clear Opportunities Fund II it launched in March, the Chicago Business Journal reported. It’s seeking to acquire multifamily properties, such as distressed workforce housing, across the country and in the Chicago market. With the first round of fundraising scheduled to close July 1, CIG …

SIOR Speakers and Ryan Moen CHICAGO

SIOR Chicago Hosts Distressed Assets, Receiverships Event

Chicago & Midwest + Downtown + Distressed Assets | May 29, 2024

The Chicago Chapter of The Society of Industrial and Office Realtors (SIOR) hosted its Speaker Series Luncheon at The Glen Club in Glenview, Illinois. Ryan Moen, SIOR, Vice President of SIOR Chicago Chapter and Principal and Co-Founder of Versa Real Estate Services, welcomed Kirsten Bowersox, Principal and COO of Xroads Real Estate Advisors and Adam …

Latest Florida & Gulf Coast Distressed Assets Stories

Bloom 6060

Miami Resort Hit With $23.67M Foreclosure Judgment

Florida & Gulf Coast + South Florida + Distressed Assets | December 12, 2025

Bloom Hotels is fighting to keep The Sixty Sixty Resort in Miami Beach. It is slated for auction after Bloom lost a $23.67 million foreclosure judgment. The South Florida Business Journal reports the company hopes to refinance the property before the auction date, which is set for January 5, 2026. The Sixty Sixty Resort last traded for …

Holiday Inn, Port of Miami

Miami Hotel Listed for $175M at Auction

Florida & Gulf Coast + South Florida + Distressed Assets | November 14, 2025

A 100-room Holiday Inn in Miami is headed for the auction block, and due to its zoning designation, it’s expected to draw considerable attention. The South Florida Business Journal reports the current zoning will allow the winning bidder to replace the current hotel, the Holiday Inn-Port of Miami, with an 82-story tower. The 340 Biscayne …

Latest Global Distressed Assets Stories

NAT Barry Sternlicht Starwood Capital Group scaled

Starwood Capital Closes $10.2B Opportunistic Fund

National + Global + Distressed Assets | July 1, 2026

Starwood Capital Group has held the final closing of Starwood Distressed Opportunity Fund XIII, raising more than $10.2 billion in capital commitments from over 300 new and existing investors across approximately 20 countries. SOF XIII will focus primarily on the U.S. and Europe, with selective exposure to Asia Pacific, targeting residential, data center, industrial, and …

ny Brookfield Place Lower Manhattan 1

Brookfield Raises Nearly $6B in Q1 for Opportunistic Property Fund

National + Global + Distressed Assets | May 8, 2025

Brookfield Asset Management raised nearly $6 billion for its new real-estate fund in the first quarter, one of the largest-ever quarterly fundraising hauls and a sign of growing investor appetite for distressed commercial property, reported the Wall Street Journal. The fundraising occurs as more owners are willing to unload distressed property, and more lenders step up pressure …

Latest National Distressed Assets Stories

CHI Aon Center Chicago

CMBS Delinquency Rate Adds 51 Basis Points in July 2026

National + Distressed Assets | August 6, 2026

The Trepp CMBS Delinquency Rate increased by 51 basis points to 7.86% in July 2026. The increase was led by a group of very large loans whose status moved to non-performing matured balloon or foreclosure. The five largest newly delinquent loans accounted for $2.6 billion of the $6.0 billion in newly delinquent balances, or roughly …

RTL resized

Return to Lender: Week of August 6, 2026

National + Distressed Assets | August 6, 2026

Latest New York & Tri-State Distressed Assets Stories

NY Long Island City aerial resized

Cerberus Acquires Multifamily Loan Book with Heavy Rent-Regulated Exposure

New York & Tri-State + Midtown New York + Distressed Assets | July 28, 2026

Cerberus Capital Management has acquired a $1.3-billion loan book with heavy exposure to rent-regulated apartments in New York City, Bloomberg News reported. The seller was OceanFirst Financial Corp., which priced the loans at about 92 cents on the dollar. With about $736 million of the $1.3-billion portfolio tied to rent-regulated units, the Cerberus acquisition represents …

NY Charles Cohen

Charles Cohen Pays Off Judgment Debt Held by Fortress

New York & Tri-State + Midtown New York + Distressed Assets | June 18, 2026

Cohen Brothers Realty Corporation said Thursday that Charles S. Cohen has paid the full balance of the judgment debt held by Fortress Investment Group, reportedly $187 million, after more than two years of litigation. Davi dLópez, General Counsel for Cohen Brothers, said now that Cohen’s personal obligation to pay the Fortress judgment debt has been satisfied in full, the specter of a receiver being appointed …

Latest Phoenix & Southwest Distressed Assets Stories

Salad and go

Salad and Go Shutters All 60 Arizona Locations

Phoenix & Southwest + Arizona + Distressed Assets | August 5, 2026

Salad and Go, a made-to-order fast-casual spot dishing up salads, wraps and breakfast options, has filed for Chapter 11 bankruptcy and revealed all locations will close down immediately. Founded in Gilbert, the chain has more than 60 stores in Arizona as well as a large distribution center on 27th Avenue in Phoenix. The co-founders of Salad and Go …

Peaks at Redington

Lender Offloads 301-Unit Tucson Apartment Asset

Phoenix & Southwest + Arizona + Distressed Assets | June 30, 2026

A lender-owned Tucson apartment complex traded for $32 million, well below what the previous buyer paid for the development four years earlier. Multihousing News reports that Trez Capital divested the asset, Peaks at Redington, following the previous owner’s deed-in-lieu-of-foreclosure in January 2026. The latest transaction’s sale price represents a 40% discount to the property’s previous …

Latest Seattle & Northwest Distressed Assets Stories

MeadowscapeWA

Four Seattle-Area MF Complexes Enter Bankruptcy Proceedings

Seattle & Northwest + Seattle + Distressed Assets | February 28, 2024

Keen-Summit Capital Partners LLC, a New York-based real estate brokerage and investment banking firm, has been retained to manage the sale of a multifamily real estate portfolio. The portfolio consists of four apartment complexes owned by Harbor Custom Development, which plans to liquidate its assets as part of the company’s Chapter 11 bankruptcy. “With real …

HarborCustomDevelopment WA

Harbor Custom Development Plans to Liquidate

Seattle & Northwest + Seattle + Distressed Assets | February 20, 2024

Harbor Custom Development, Inc., a Tacoma-based commercial real estate developer, announced its plan to continue to wind down operations and voluntarily liquidate all of its assets through an approved Chapter 11 Plan. The company which is known for multifamily housing development in the Pacific Northwest region and other parts of the country, filed for Chapter …

Latest Texas Distressed Assets Stories

7770 Pipers Lane

Apartment Investor Targets San Antonio Value-Add Rental Assets

Texas + San Antonio + Distressed Assets | May 19, 2026

Platte Canyon Capital paid $45 million for two apartment complexes in the San Antonio area. The company purchased Allure Apartments, a 268-unit community at 7770 Pipers Lane near Westover Hills and Northwood Luxury Apartments, a 252-unit property at 1950 FM 306 in New Braunfels. The San Antonio Business Journal reports the company purposefully acquired distressed apartment …

Thompson River Walk

Thompson River Walk Hotel On the Auction Block

Texas + San Antonio + Distressed Assets | February 18, 2026

The Thompson San Antonio – Riverwalk hotel is up for sale. The hotel has 162 rooms and 59 condos. The San Antonio Business Journal reports that affiliated lenders Sunrise Realty Trust and Southern Realty Trust have issued a default notice for the hotel portion of the building at 115 Lexington Ave., which the two refinanced …

Latest Washington DC & Mid-Atlantic Distressed Assets Stories

MacKenzie Forms

MacKenzie Forms Distressed Office Assets Division

Washington DC & Mid-Atlantic + DC + Distressed Assets | February 23, 2024

The MacKenzie Companies, LLC, in collaboration with InspiRE CRE, LLC, has established Asset Adversity Group, a strategic alliance focusing on distressed and underperforming commercial real estate assets. This partnership combines InspiRE’s expertise in distressed asset management with MacKenzie’s real estate services, aiding financial institutions and investors in optimizing asset value. Asset Adversity Group offers …

Mt Vernon Triangle Holiday Inn Express

Mt. Vernon Triangle Holiday Inn Express Faces Foreclosure

Washington DC & Mid-Atlantic + DC + Distressed Assets | January 5, 2024

A looming foreclosure auction threatens the Holiday Inn Express in D.C.’s Mount Vernon Triangle. Located at 317 K St. NW, its owner, Birchington LLC, is facing significant debt issues, as reported by the Washington Business Journal. Scheduled for February 8, the auction by Alex Cooper Auctioneers, acting on behalf of SSCHOF II Washington DC LLC, claims …

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