The building owner and its lender ran out of time to pay back the loan on the 26-story office tower after using all three extension options.
Major banks are making another return-to-office push as Covid-era rules change back.
Starting in May, NCR Voyix's thousands of employees will be expected to show up to the company's offices every weekday.
Owners score financing deals in NYC’s office market, revealing that lenders are still interested in office — for the right properties and the right owners.
The 26-story office tower’s mortgage has been with a special servicer since March 2022, with the debt’s sale price now reportedly slashed in half.
After winning in an appellate court, Georgetown is now seeking punitive damages against J.T. Magen.
Smith & Company's foray into office ownership comes amid high vacancy in the sector and a dearth of new construction projects.
A century-old Downtown Houston building has a rich history but an unclear future as a lender moved to foreclose following a loan default.
Converting a "poster child" from office to residential could cost SL Green more than $800M, the REIT revealed during an investor day Monday.
The business and financial information company has been the anchor tenant in the 1.4M SF tower for roughly two decades.
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