Willamette Week reported that Prosper Portland has repossessed two buildings in the Old Town neighborhood that had been purchased by a failed shoe startup after securing a $7-million loan from Prosper in 2025. The economic development agency’s board voted unanimously to take possession of the buildings at 208 and 234…
A King County Superior Court commissioner has approved a seller for The Bravern, the 750,000-square-foot Bellevue office complex that had been leased to Microsoft, according to the Puget Sound Business Journal. The owner went into default after Microsoft let its lease expire last…
Liberty Centre, a 17-story, 275,000-square-foot high-rise in Portland, OR’s Lloyd District, is for sale after returning to its lender in December, reported the Portland Business Journal. The property, at 650 N.E. Holladay St., was returned to its lender at the…
San Francisco-based Frontline Realty Capital acquired one of the first Oakland office properties seized by its lender post-pandemic for a fraction of its 2018 purchase price, according to the San Francisco Business Times. Frontline scooped up 1440 Broadway, a 10-story,…
The Orlando Business Journal reported that downtown Orlando’s most prominent retail property has sold under court order for a little more than half of what it last traded for just over a decade ago. Los Angeles-based RP Plaza Retail and…
Commercial mortgage delinquencies increased in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. All lender types saw delinquencies rise during the quarter. Based on the unpaid principal balance (UPB) of loans, delinquency…
Highgate is handing over the 686-room Hyatt Regency San Francisco Downtown SoMa to its lender, the San Francisco Business Times reported. Per a deed-in-lieu of foreclosure filing on Dec. 11, Highgate transferred the deed to an affiliate of Blackstone Mortgage…
Houston-based Radom Capital, a real estate investment and development firm focused on mixed-use properties, has purchased out of foreclosure the retail portion of developer StoryBuilt’s Willa mixed-use condo development on South First Street in Austin, reported the Austin Business Journal….
The Dilweg Cos. turned ThExchange office park in Charlotte over to Ares Management, the Charlotte Business Journal reported. The property’s $68.6-million loan matured in May and became nonperforming that same month. Ares initiated foreclosure proceedings on the property at 5510…
FRI Investors is said to be paying a little less than $100 million, or $71.43 per square foot, for the 68% leased, 1.4-million-square-foot office building at 70 West Madison St. in Chicago, Trepp reported, citing Crain’s Chicago Business. The West…
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