**Return to Lender: Week of Oct. 9, 2025**
Here’s a roundup of key distressed real estate transactions and ownership transitions across the country:
– Hamilton Development has acquired an office building in the Flagler Station business park near Doral, Florida, through a deed-in-lieu of foreclosure. The buyer, HDCAL Flagler Station LLC, part of Nashville-based Hamilton Development, received the deed from BOF FL Flagler Station LLC, a unit of Atlanta-based Bridge Investment Group. The transaction, valued at $20.47 million, will pave the way for demolition and potential redevelopment, according to the South Florida Business Journal.
– In Birmingham, Alabama, the historic McAdory Building at 2014 Morris Ave. was sold out of receivership to McAdory LLC for $1.5 million on August 25. According to the Birmingham Business Journal, this sale marks the initial phase in a broader portfolio disposition. The property was previously under the control of Founders 1024 CMBS LLC, with Sandner Commercial Real Estate (doing business as Colliers Alabama) serving as the court-appointed receiver.
– A 67-bed co-living property at 1126 Ninth St. NW in Washington, D.C.’s Mount Vernon Square is likely headed to foreclosure auction. The Washington Business Journal reports that a foreclosure notice has been filed for the 15-unit, 32,531-square-foot building, which faces the Washington Convention Center. The property—owned by an affiliate of Outlier Realty Capital—has an outstanding debt of $16.8 million on a $14.3 million loan issued by EagleBank in 2019.
– In Concord, California, court-appointed receiver Stapleton Group has retained Newmark to market the Concord Technology Center, a two-building, 477,502-square-foot office complex located at 1655 and 1755 Grant Street. The San Francisco Business Times reports that the property’s owner, Partners Group, defaulted on a $400 million loan backed by Concord Tech and three other California assets upon its 2024 maturity. Wells Fargo filed for judicial foreclosure in Contra Costa County Superior Court in February.
– The Regions Center and Bank Tower in Shreveport, Louisiana—part of the LCCM 2017-LC26 portfolio—has seen a valuation drop to $19.7 million from $51.0 million in 2017, a 61% decline, according to Morningstar Credit. The $33.3 million loan, comprising 7.3% of the collateral pool, was transferred to special servicing in July 2024. The buildings saw occupancy drop from 85% at issuance to 72% in September 2024, following Regions Bank’s downsizing at the August 2024 lease expiration.
Stay tuned for further updates on commercial real estate transactions and distressed asset developments.
