**Return to Lender: Week of Oct. 9, 2025**
Here are the notable distressed real estate transactions and developments across the United States for the week of October 9, 2025:
– **Flagler Station Office Property | Doral, FL**
Hamilton Development has acquired an office building in the Flagler Station business park near Doral through a deed-in-lieu of foreclosure. The company plans to demolish the building. The transaction involved BOF FL Flagler Station LLC, a subsidiary of Atlanta-based Bridge Investment Group, issuing a $20.47-million deed-in-lieu of foreclosure to HDCAL Flagler Station LLC, affiliated with Nashville-based Hamilton Development, according to the South Florida Business Journal.
– **The McAdory Building | Birmingham, AL**
The historic McAdory building located at 2014 Morris Avenue in Birmingham has been sold out of receivership to McAdory LLC for $1.5 million. This marks the beginning of a broader portfolio disposition. The seller was Founders 1024 CMBS LLC, with Sandner Commercial Real Estate Inc., operating as Colliers Alabama, serving as the court-appointed receiver, as reported by the Birmingham Business Journal.
– **1126 Ninth St. NW | Washington, D.C.**
A foreclosure auction is likely for the 67-bed co-living building at 1126 Ninth Street NW in the Mount Vernon Square neighborhood, directly across from the Washington Convention Center. Owned by an affiliate of Bethesda-based Outlier Realty Capital, the 15-unit, 32,531-square-foot structure is subject to a foreclosure notice. The affiliate reportedly owes $16.8 million on a $14.3-million loan originated by EagleBank in 2019, according to the Washington Business Journal.
– **Concord Technology Center | Concord, CA**
The Concord Technology Center, comprising two buildings and totaling 477,502 square feet at 1655 and 1755 Grant Street, is now up for sale. Court-appointed receiver Stapleton Group has retained Newmark to handle the listing. The property’s owner, Partners Group, defaulted on a $400-million loan that also involved three other California properties. Lender Wells Fargo initiated a judicial foreclosure in Contra Costa County Superior Court in February, as reported by the San Francisco Business Times.
– **Regions Center and Bank Tower | Shreveport, LA**
Regions Center and Bank Tower, backing a loan within the LCCM 2017-LC26 portfolio, have experienced a significant value decline. Now appraised at $19.7 million, the properties are down 61% from their original $51 million valuation in 2017. The $33.3 million loan moved to special servicing in July 2024. A major contributing factor was the downsizing of Regions Bank, the largest tenant, upon lease expiration in August 2024. As of September 2024, occupancy had fallen to 72%, compared to 85% at origination, according to Morningstar Credit.
These developments reflect the continuing pressures in the commercial real estate market, particularly within the office sector.
