Colonial Park Mall Trades 41% Off Sold for $8.8M. Purchased in 2017 for $15M Lower Paxton Township, Harrisburg, Pennsylvania #commercialrealestate

In bankruptcy court filings, True Value said it faces a significant cash crunch as the housing market stalled and consumers have become far more picky about discretionary purchases like hardware. #economy #consumer #retail cnn.com/2024/10/14/bus…

Dirt Cheap, a Mississippi-based chain of stores that sell returned and liquidated goods, has filed for bankruptcy protection and plans to close all of its 68 locations. Has been in business for 30 years. #economy #consumer #retail #commercialrealestate theadvocate.com/baton_rouge/ne…

Israeli bondholders push for insolvency on 15 Hertz Properties office buildings in US. Group votes for immediate repayment of $168 million. #commercialrealestate costar.com/article/172493…

Oakland Office Tower Trades 75% Off - 180 Grand Avenue New owners purchased $95M loan for $30.2M. Took control via deed-in-lieu of foreclosure. Purchased in 2017 for $119M. #commercialrealestate therealdeal.com/sanfrancisco/2…

The owner of Bridgewater Place in Grand Rapids, Michigan files for bankruptcy in Israeli court. One of 11 office properties across the U.S. in which Hertz Properties has majority ownership. Bondholders seeking repayment of $168M. #commercialrealestate crainsgrandrapids.com/news/real-esta…

Connecticut bank Bankwell takes $8.2M charge off against a $13.2M loan backed by a New Jersey office park that is in foreclosure. Had been NPL with no reserve. Part of larger loan. Property appraisal fell to $36.2M from $105.1M #commercialrealestate hartfordbusiness.com/article/ct-ban…

75% reduction in appraised value for two office properties in Meriden, Connecticut.

There is now a constant flow of office properties trading at 70% or more off their previous price. Hudson's Bay Centre Denver 1 N State Street Chicago 4075 Wilson Blvd, Arlington, Virginia Forum buildings Minneapolis #commercialrealestate

Oshkosh Outlet Mall Wisconsin Trades 59% Off Sold for $12 million. Purchased in 2021 for $29 million. #commercialrealestate #retail

Peoples National Bank is suing the owner of the now-closed Armory entertainment complex in St. Louis Suit seeks a judgment for $24M after default and receivership, Owner also owes $1M in real estate taxes and unpaid construction work. #commercialrealestate

Westfield Montgomery Mall in Bethesda, Maryland owner has received a 2 year extension on a $333.5M loan after it didn't pay off its debt at the August maturity. 48% valuation reduction to $353M, down from $680M. #commercialrealestate #retail #CMBS bisnow.com/washington-dc/…

2 Denver area malls face Nov 1 deadline for $734M in loans Simon Property, owner of Colorado Mills mall, has a nearly $119M loan maturity. Brookfield Properties, owner of Park Meadows mall, has a $615M loan maturity. #commercialrealestate #retail bizjournals.com/denver/news/20…

Washington D. C. office availability increased to 24.4%, a 20 year high. Available sublease space at 3.2M SF. #commercialrealestate pdf.euro.savills.co.uk/usa/market-rep…

Metro Denver witnessed record high office availability in the third quarter of 29.9%. Downtown availability stood just shy of 40.0%. Just completed $400M 720,000 SF tower at 1900 Lawrence remains more than 90% available. #commercialrealestate savills.us/research_artic…

3 of 3 Houston Office Online Auction Nov 11-13 652 N Sam Houston Pky - Shell Condition 142,431 SF Built 1980 Occupancy 0% Starting Bid $800,000 #commercialrealestate

2 of 3 Houston Office Online Auction Nov 11-13 654 N Sam Houston Pky 136,231 SF Built 1980 Occupancy 0% Starting Bid $875,000 #commercialrealestate

1 of 3 Houston Office Online Auction Nov 11-13 396 W Greens Rd 189,900 SF Built 1980 Occupancy 9.2% Starting Bid $1,750,000 #commercialrealestate

US industrial market vacancy rate hits 10-year high in Q3 Preliminary data from Savills found the U.S. industrial vacancy rate hit 7.4% in Q3, a 350-basis-point increase from two years ago. #commercialrealestate bizjournals.com/bizjournals/ne…

Three in a row: Another office building along DTC corridor enters foreclosure - BusinessDen The 4 story, 146K SF office building at 7800 E. Orchard Road 6300 S. Syracuse Way, The Cascades 7400 E Orchard Road, Solarium #commercialrealestate #Denver foreclosuresearch.arapahoegov.com/foreclosure/