The investor of a four-building business Park in Arlington has lost that investment, to the bank that had the loan on it. Pinnacle Bank Texas took back the office park at auction for $30 million from Opal Holdings. Opal Holdings…
The volume of distressed office in conduit and single-asset, single-borrower CMBS increased to a combined $52.2 billion in March, nearly double the $26.6 billion volume a year ago, according to Kroll Bond Rating Agency’s KBRA Credit Profile (KCP). Thirty-one percent…
Berkadia secured financing for the acquisition of Colonial Forest and Northwood Apartments, two garden-style multifamily properties with a combined 328 units located in Jacksonville. Both complexes have been the subject of numerous news stories reporting on the condition of the…
The Atlanta Property Group (APG) sold a three-building office park near The Battery Atlanta for $14 million, after paying $22.3 million for the property in 2017. Woodside Capital Partners was the buyer of Shadowood at Powers Ferry Road. APG financed…
The distressed loan rate among commercial real estate (CRE) collateralized loan obligations (CLO) originated prior to 2023 rose nearly 400% year-over-year from the end of 2022, Kroll Bond Rating Agency (KBRA) reported. The distress rate ended 2023 at 5.4%, compared…
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…
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