https://distressedasset.com/Weekly briefing on distressed U.S. commercial real estate.en-ushttps://distressedasset.com/issues/16/https://distressedasset.com/issues/16/Tue, 03 Nov 2026 09:00:00 -0500The lender took back Herndon's Worldgate Centre with a $28.2M credit bid against about $50M owed; a bondholder trustee sued to foreclose on Chicago's 540 W. Madison over $310M; and The Essex's $215M debt stack entered special servicing ahead of its Oct. 30 maturity.https://distressedasset.com/issues/15/https://distressedasset.com/issues/15/Tue, 27 Oct 2026 09:00:00 -0400Illinois Center heads to a Nov. 12 sheriff's sale with $285.7M of debt and a $66M appraisal; a Loop office-to-apartment conversion has its own sheriff's sale Nov. 3; and the owner of a 99%-occupied Philadelphia office tower asked to push back its December maturity to finish a sale.https://distressedasset.com/issues/14/https://distressedasset.com/issues/14/Tue, 20 Oct 2026 09:00:00 -0400A 2024 CMBS trust says a $27.6M lien ranked ahead of its $46.85M Houston apartment loan and is suing the loan seller; a $745.7M hotel portfolio loan went to special servicing ahead of its December maturity.https://distressedasset.com/issues/13/https://distressedasset.com/issues/13/Tue, 13 Oct 2026 09:00:00 -0400Pembroke Lakes Mall's $260M loan now runs about 233% of KBRA's collateral value, and the trustee has gone to court to foreclose. A Kansas judge entered a judgment of more than $46M on the stalled Mission Gateway site. A Denver dispensary building faces an Oct. 22 trustee sale amid a dispute over a $2,100 late fee.https://distressedasset.com/issues/12/https://distressedasset.com/issues/12/Tue, 06 Oct 2026 09:00:00 -0400Downtown Dallas's 2100 Ross is posted for a foreclosure auction today with $79M unpaid; Judiciary Plaza near Judiciary Square faces an Oct. 28 auction on $166.6M of debt; and 225 Bush St. in San Francisco changed hands through a $221M note purchase against a $350M loan.https://distressedasset.com/issues/11/https://distressedasset.com/issues/11/Tue, 29 Sep 2026 09:00:00 -0400Wells Fargo has scheduled an Oct. 20 foreclosure auction of 100 Summer St., which Rockpoint bought for $806M in 2019; Wolfchase Galleria's $155.2M loan went to special servicing ahead of its November maturity; and Four Penn Center's new $61.0M appraisal came in below its $62.8M loan.https://distressedasset.com/issues/10/https://distressedasset.com/issues/10/Tue, 22 Sep 2026 09:00:00 -0400The loan on two Basking Ridge office buildings has a $50.9M scheduled balance, a listed $19.7M appraisal and negative NOI; the $100M loan on the Hyatt Regency Jersey City went to special servicing ahead of its Oct. 1 maturity; and bids were due today for the Whitewater Amphitheater portfolio in New Braunfels.https://distressedasset.com/issues/9/https://distressedasset.com/issues/9/Tue, 15 Sep 2026 09:00:00 -0400The $280M loan on Santa Monica's Shutters on the Beach and Casa del Mar is in maturity default even though total debt was about 66% of the 2024 appraisal. One SoHo Square's $785M loan went to special servicing Sept. 11. A Denver judge put Republic Plaza in receivership.https://distressedasset.com/issues/8/https://distressedasset.com/issues/8/Tue, 08 Sep 2026 09:00:00 -0400Colorado Springs' two tallest office towers go to a public trustee auction Oct. 21 with about $60M owed; a New York judge sent a $356M Garment District leasehold to foreclosure auction; and Houston, Dallas and San Antonio apartments and hotels filled Texas's Sept. 1 foreclosure calendar.https://distressedasset.com/issues/7/https://distressedasset.com/issues/7/Tue, 01 Sep 2026 09:00:00 -0400A CMBS trustee sued to foreclose on an eight-building Lawrenceville, N.J., office campus with $141.8M owed; a $377.6M loan on six Brookfield-owned DC-area office buildings missed its final maturity; and Providence Place sold for $133M out of receivership.https://distressedasset.com/issues/6/https://distressedasset.com/issues/6/Tue, 25 Aug 2026 09:00:00 -0400A new appraisal puts Parkhill City's $225M loan at about 126% of value; Harlem USA's $108M loan went to special servicing two months before maturity; and the trustee on Hotel Lincoln's loan sued to foreclose over a claimed $25.4M in unpaid principal.https://distressedasset.com/issues/5/https://distressedasset.com/issues/5/Tue, 18 Aug 2026 09:00:00 -0400International Square's $450M loan passed its Aug. 10 maturity with no reported payoff; a lender is foreclosing on 124,000 sf of retail at Brightline's MiamiCentral station; and U.S. Bank asked a Denver court for a receiver at Republic Plaza.https://distressedasset.com/issues/4/https://distressedasset.com/issues/4/Tue, 11 Aug 2026 09:00:00 -0400The owners of 261 Fifth Ave. got a forbearance on a $180M loan that matured last September; Tahoe City's Boatworks Mall goes to a trustee's sale Aug. 12; and Nitya Capital paid off The Interlace's $31.4M loan days after the August foreclosure auctions.https://distressedasset.com/issues/3/https://distressedasset.com/issues/3/Tue, 04 Aug 2026 09:00:00 -0400The Palmer House Hilton's retail base is back on the block with a $1.9M starting bid, after a $62M loan and a $29.5M sheriff's sale; four CMBS trusts booked $175.87M of losses on Bank of America Plaza; and the $49.33M loan on an upstate New York mall moved to special servicing.https://distressedasset.com/issues/2/https://distressedasset.com/issues/2/Tue, 28 Jul 2026 09:00:00 -0400The loan on Oakland's 1 Kaiser Plaza matured unpaid at about 181% of the building's appraised value; a lender won the auction of two downtown Miami office towers with a $15M credit bid against a $65.7M judgment; and the developer of Bellevue's empty Bravern towers agreed to buy them back.https://distressedasset.com/issues/1/https://distressedasset.com/issues/1/Tue, 21 Jul 2026 09:00:00 -0400Harborplace's $67.4M loan is back in special servicing ahead of its August maturity; a Deutsche Bank-led lender group filed a $357M default notice on Television City; and Maverick took the Gorham Building at 390 Fifth Ave. in a $50M foreclosure sale.