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May 31
Canadian Pension Fund Exits Manhattan Office Sector with 90% Loss in Firesale Deal
The $437 billion Canadian pension plan recently sold its 45% stake in 10 East 53rd Street for $7M, a 90% loss from its 2012 purchase price o
May 30
Imminent $239 Million Office Property Default Expected, This Time in Seattle
A $239 million loan by Martin Selig Real Estate, a major player in Seattle's property market, has been sent to a special servicer. The loan,
May 23
Washington DC Property Sells at Stunning 83% Discount to Assessed Value of $225.7 Million
Gallery Place, a prominent mixed-use development in Washington, D.C.'s Chinatown neighborhood, is set to be purchased for $39 million, repre
May 23
Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
May 23
PIMCO's $3.9 Billion Office Acquisition Leads to $1.7 Billion Loan Default and $700 Million Haircut
PIMCO's $1.7 billion office loan tied to a 5.5 million sf portfolio across four U.S. cities defaulted in February 2023. The lenders, Goldman
May 21
Chicago Building Sells For 90% Discount From $27 Million Purchase Price 11 Years Ago
Chicago office real estate faces severe challenges. A 10-story building at 216 W. Jackson Blvd, bought for $22.3M in 2013, was recently sold
May 18
The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
Chinese investors are selling real estate assets globally to raise cash amidst a deepening property crisis at home, potentially revealing th
May 10
Hines Global CIO Foresees Real Estate Investment Shift from 'Search for Beta to Search for Alpha'
David Steinbach, Global Chief Investment Officer and Co-Head of Investment Management at Hines shares his perspectives on the global real es
May 9
Everything’s a WeWork Now
This Wired article, written by Jennifer Conrad, essentially asks if WeWork failed why is everything a WeWork now. Despite WeWork's well-docu
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