San Francisco’s 660 Market St. has a new owner, as reported by the San Francisco Business Times. Local investor Long Market Property Partners acquired the roughly 40,000-square-foot office and retail property on Monday after purchasing a $22-million loan from Fortress Investment Group in February.
Trepp reported that EOS Hospitality’s $177-million bid for Brooklyn’s William Vale Hotel has been approved by bankruptcy court. The hotel, located at 111 North 12th St., was developed in 2016 by Yoel Goldman and Zelig Weiss after they fought for control of the property following its completion.
The riverfront site of Jacksonville’s Berkman II tower is set to go to auction again on June 17 at11 a.m., according to the Jacksonville Business Journal . This comes after PB Riverfront Revitalization filed for bankruptcy and halted previous foreclosure proceedings.
Miami’s Gateway at Wynwood office building and neighboring bank office are headed to court auction due to a $111.9-million foreclosure judgment won by Wilmington Trust against Gateway at Wynwood LLC and2830 Wynwood Properties over an outstanding mortgage with interest and fees included.
Washington Business Journal reported that Station Square, a three-office building portfolio in downtown Silver Spring, MD will be sold through public auction on June18 due defaulting financing tiedtothe buildings’ loans.The properties include three towers located near Silver Spring Metroand Purple Line stations..
Houston’s One Riverway is scheduled for sale next month through Roddy’s Foreclosure Listing Service , citing Trepp records which show it hasn’t had payment made since January last year.This follows news that A&G Real Estate Partners are marketing leasesfor Sam Ash Music Corp.’s27 store locations across12 statesas partof their Chapter11bankruptcy filingin May2024.The average size of these leasesis25 thousand square feet each.
The Diocese of Buffalo listed another one its properties -St.Jude Center at 760 Ellicott St. – for sale as bankruptcy proceedings continue, according to Buffalo Business First . The asking price is $1.5 million and the listing is being handled by David Doerr and Timothy Hourihan of Hanna Commercial Real Estate.
The former owners of Tri-County Mall have paid $200,000 to extend their window for buying back the property from lender Reef Private Credit after it was reclaimed last month, reported Cincinnati Business Courier . The original deadline was June 2nd but this extension allows them two more weeks to come up with the required $28.2 million.
Plaza Club City Apartments in Kansas City went into limited receivership in mid-May after its previous owner Plaza Club City Apartments LLC told Freddie Mac that they could no longer operate it due a loan default on a mortgage originated by Berkadia in April2015.The property located at4621 Jefferson St.,was purchased from Fowler Property Acquisitions.
