Northern Virginia Office Owner Defaults On $51M Loan

The CMBS loan is now in the hands of a special servicer as the borrower, Gemini Rosemont Realty, was unable to refinance or sell the property.

Office Values Down 27% Over Last 12 Months, Apartments Drop 16%

Green Street's index reveals overall commercial property valuations fell 11.6%.

Federal Agencies' Slow RTO Putting More D.C. Office Buildings At Risk

Office market experts say federal agencies have still been slow to return, putting more pressure on the city's office market.

PGIM, Cantor Fitzgerald CEOs Predict Huge Wave Of Deed-In-Lieu Deals, Foreclosures In Office

The CEOs of major office landlords PGIM Real Estate and Cantor Fitzgerald predicted that a shocking amount of office real estate will end up in lenders' hands.

American Express To Open 40K SF Office At Midtown Union

The move comes almost three years after American Express purchased Atlanta-based Kabbage.

Older Offices Need Major Upgrades As Baltimore Ranks Among Cities With Most Troubled Loans

Baltimore has among the nation's highest percentage of troubled office loans as its older properties continue to struggle.

Broker Agrees To Pay $9.4M, Pleads Guilty To Conflict Of Interest Charges In Office Deal

Jason Hughes of Hughes Marino will pay the city of San Diego and state of California for not disclosing payments he received from the seller in the deal.

The Worst Is Over For Office, Predicts JLL's Ulbrich

The JLL CEO says more workers are coming back to U.S. offices.

Embattled Nightingale Loses Control Of Philly’s Largest Office Property

1500 Market, the largest office property in Philadelphia, is in receivership after a massive loan matured for borrower Nightingale Properties.

New High Set For Manhattan Office Vacancy As Leasing Slump Drags On

Leasing in Manhattan’s office market slowed significantly during Q2, bringing further questions over the future of some of the city’s older building stock.