Top 25 U.S. CBD Office Owner Has 'Significant Doubts' About Company's Continued Existence
Hertz Properties Group said in a regulatory filing that its future is in jeopardy. The company has lost control of 11 buildings.
Hertz Properties Group said in a regulatory filing that its future is in jeopardy. The company has lost control of 11 buildings.
Special servicer commentary in Morningstar Credit's CMBS database says the loan wasn't paid in full when it matured on Feb. 6.
Thirty-seven percent of organizations have increased attendance expectations over the past year.
The portfolio has been in the control of a receiver for the past year.
Lincoln Property Co. acquired the Stony Brook Office Park in Waltham for $25.5M, down from the $80M that it sold for seven years ago.
Braden Fellman, best known for its Mattress Factory Lofts and other apartment projects, plans to keep 3101 Tower Creek Parkway as an office building.
Ken Griffin’s hedge fund is taking over 500K SF in Brookfield Properties’ trophy building.
Office sector delinquencies hit 11% in the second quarter and multifamily stress is growing, leading banks to increase their provisions for credit losses.
The share of office sales that private buyers now make up is more than 60% this year so far.
Bridge Investment Group took over the 166K SF asset at 1750 K St. NW, which lost anchor tenant Wiley Rein.
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