Foresite Realty has been named receiver of 110 Main Street in Downtown Dayton for Bank of America and special servicer Centerline Servicing. The former home of Fifth Third Bank's Dayton headquarters, the 363,000-square-foot tower is the 3rd largest office building in the city. Built in 1989, it is one of ... More

Wells Fargo has reported that Beacon Capital Partners just missed a $1.65 million mortgage payment on a $380 senior mortgage secured by the largest highrise office building in the Pacific Northwest. Located in downtown Seattle, Columbia Center was acquired by Beacon Capital in April of 2007 for $621 million, or ... More

Atlanta's Downtown W Hotel is the subject of the latest high-profile distress story in the city. Capri Capital, the parent company of the mezzanine lender on the property, recently placed a foreclosure ad in the Wall Street Journal. The auction, which is being managed by Jones Lang LaSalle's Hotel Sales ... More

The owner of Chicago's Allerton Hotel, located along highly coveted Michigan Avenue, is considering agreeing to giving up the property in a deed-in-lieu of foreclosure action. The 443-room hotel is owned by San Francisco-based Chartres Lodging. The property secures $79 million of loans, which have recently matured. According to a ... More

Broadway Partners has agreed to sign over the deed to Citigroup Center, also known as One Sansome, located in downtown San Francisco, their lender, Prudential Real Estate Investors. According to a report in the San Francisco Business Times, Prudential will assume ownership of the 550,000 square foot office tower later this ... More

Kushner's 666 Fifth goes to special servicer The Real Deal - March 05, 2010 The $1.215 billion securitized loan secured by the Kushner Companies iconic Midtown office building at 666 Fifth Avenue was transferred to special servicing yesterday as part of an effort to restructure the loan, a company spokesperson told ... More