by Kipp Gillian | Jan 8, 2026 | Distressed Assets
Lone Star Funds has acquired debt backed by a building previously owned by WeWork, positioning itself to take ownership of the San Francisco office tower through foreclosure. The San Francisco Business Times reported that a Lone...
by Kipp Gillian | Jan 7, 2026 | Distressed Assets
Trinity Place, a mostly vacant 17-story Denver office tower, has been acquired for $6 million. The recent sale is one of many distressed property sales in Denver that have occurred recently. The Denver Business Journal reports that last year, Brookfield sold two...
by Kipp Gillian | Jan 6, 2026 | Distressed Assets
Convene Hospitality Group (CHG) has completed the acquisition of NeueHouse under the terms of an Asset Purchase Agreement approved in bankruptcy court. CHG has acquired the brand’s intellectual property and the operations of the NeueHouse Madison Square location...
by Kipp Gillian | Jan 6, 2026 | Distressed Assets
Elliott Investment Management and partners Probis Strategic Solutions and Callahan Capital Partners have acquired 101 Mission St. in San Francisco through a deed-in-lieu transaction that valued it at roughly $82 million, reported the San Francisco Business Times. The...
by Kipp Gillian | Oct 10, 2024 | Distressed Assets
The Trepp CMBS Special Servicing Rate rose 33 basis points to 8.79% in September. This was the ninth consecutive monthly increase and the second-largest uptick of 2024, the firm reported. Distress was consistent throughout, with the respective special servicing rates...
by Kipp Gillian | Oct 10, 2024 | Distressed Assets
The $8.5-million purchase of the former Sports Illustrated building at 135 West 50th St. in Midtown Manhattan has been completed, Trepp reported. A leasehold interest in the 23-story building, with 925,000 square feet of office space, was offered at an online auction...
