According to a report from the Portland Business Journal, Liberty Centre, a 17-story high-rise located in Portland’s Lloyd District and spanning 275,000 square feet, is up for sale after being returned to its lender in December. The property at 650 N.E. Holladay St. was transferred through a deed in lieu of foreclosure to grantee Liberty Centre JV LLC, which is owned by asset management firm Barings.
Trepp reported that DAOL Asset Management plans to take over the partly constructed Chasen Cos. apartment tower located at Harbor East through an April 15 Uniform Commercial Code foreclosure auction. The property known as “The Anne on Aliceanna” has been listed for sale by Atlantic Auctions and will be sold off on March 14 at the Clarence M Mitchell III Courthouse steps.
In Washington D.C., Alex Cooper Auctioneers has scheduled a March 14 foreclosure sale for the Northwest D.C hotel Embassy Suites by Hilton Washington D.C Chevy Chase Pavilion after its owner allegedly defaulted on their loan with Los Angeles investment manager PCCP LLC.
Meanwhile in Cincinnati, Wells Fargo Bank National Association filed suit against Sherman Oaks-based Hertz Investment Group who acquired downtown Cincinnati’s largest office tower Center at600 Vine back in November of last year with two outstanding mortgage notes totaling $48 million dollars according to reports from Cincinnati Business Courier .
The San Francisco Business Times reported that Oakland’s largest hotel Oakland Marriott City Center defaulted on their $100-million dollar loan taken out back when Gaw Capital Partners bought it three years ago increasing it from $80 million dollars just two years later before defaulting this month according public records obtained earlier this week..
Real estate investor Daryl Hagler announced securing his own construction financing worth more than forty-two-and-a-half-million-dollars supporting Watermark Capital’s new residential project situated atop Brooklyn’s Sunset Park neighborhood rail yard facing potential Rialto Capital Group initiated foreclose attempt..
