- Eye St 73R Owner LLC, owner of 1625 Eye St. NW in Washington, DC, faces a June 16 foreclosure sale at the Wisconsin Avenue NW offices of Harvey West Auctioneers, reported the Washington Business Journal. The owner, an affiliate of Palm Beach Gardens, Florida-based Westbrook Partners, acquired the 12-story, 404,814-square-foot office near the White House in September 2019, alongside Tysons-based American Real Estate Partners, for $259 million. The LLC owes $190.9 million on a $174-million loan it initially received from an affiliate of Brookfield Real Estate Financial in 2019, per the foreclosure notice.
- A venture of American Liberty Hospitality and Escalera Capital has bought the 297-key Hilton Houston Westchase hotel in Houston from affiliates of Hong Kong billionaire Cai Kui, Trepp reported. Although the purchase price was not disclosed, the hotel was assessed for tax purposes in January at a value of $24.1 million . The hotel, at 9999 Westheimer Rd., serves as collateral for a $40.55-million loan that went into default in 2020. Plascencia Group of Tampa, FL brokered the deal.
- A prime East End property anchored by a busy grocery store is headed to sheriff’s sale on July 7, the Pittsburgh Business Times reported. The property is the former Day Baum Chevrolet car dealership building, located at 5607 and 5631 Baum Blvd. in Pittsburgh, originally built in 1934 and redeveloped more than 10 years ago by developer John Odell and his Michigan-based Warner Pacific. Lender U.S. Bank has filed a writ of execution to follow through on a foreclosure filing last year against two Odell-Warner Pacific affiliates, Baum Boulevard Ground LLC and Baum Boulevard Investors LP to seek to recoup a total claim of a little more than $12.05 million.
- The vacant retail space at 211 N. St. Mary’s St. in downtown San Antonio is in foreclosure with a sale slated for June 3, reported the San Antonio Business Journal. Located between the Holiday Inn San Antonio Riverwalk and the Drury Inn & Suites San Antonio Riverwalk, the 11,700-square-foot property has been vacant for several years. The owner, Austin-based firm AMS Commercial Real Estate, is in default on the loan from First United Bank. Between 2022 and 2024, the length of the loan was extended five times, most recently in October 2024, with about $1.7 million left on the balance.
- An 8.91-acre property at 7050 S. Kirkman Rd. near the new Epic Universe theme park in Orlando, zoned for multifamily/hospitality/mixed use, is due to be possessed by lender Arena Limited SPV LLC. The Orlando Business Journal reported that owner Orlando Views LLC tapped Robert Smith of Orlando-based Smith Equities to market the property, which will transfer to Arena unless it is sold. Orlando Views filed for Chapter 11 bankruptcy protection in October 2023.
- The CMBS loan backing Sunvalley Shopping Center in Concord, CA ($135.7 million | 42.1% of MSBAM 2012-CKSV) has transferred to special servicing for a second time, with the servicer citing “imminent monetary default” as the cause, according to Morningstar Credit. The loan was previously specially serviced but returned to the master servicer in 2023, when the loan’s maturity was extended to September 2025. Per the servicer commentary, the borrower has been unable to find refinance funding ahead of the loan’s upcoming maturity and is unable to make the upcoming insurance payment.
- Bellevue Park Corporate Center ($50.9 million | 6.8% MSBAM 2016-C30 | CMBX.10) was transferred to special servicing this month for imminent monetary default, reported Morningstar Credit. Several tenants have vacated the Wilmington, DE office in recent years, the most notable being BNY in 2023, although occupancy rebounded to 72% as of this past September. Falling revenue has strained the cash flow, resulting in a below-breakeven DSCR of 0.71x for the first nine months of 2024. The loan is set to mature in August 2026.
- The loan backed by Southpark Mall in Colonial Heights, VA ($48.8 million | 49.2% of JPMCC 2012-CBX | CMBX.6) moved to special servicing this month. Morningstar Credit reported that the loan has seen performance trail issuance since 2019. It had a prior pandemic-related stint in special servicing that resulted in a forbearance and a four-year maturity extension to 2026. The sponsor also went through a bankruptcy filing and restructuring while the loan was originally in special servicing.
- Morningstar Credit reported that the Showboat Hotel loan ($47.5M million | BBCMS 2022-C18 & BBCMS 2023-C19 | CMBX.16 & CMBX.17) moved to special servicing this month despite stellar financial reporting. The loan fell 30 days delinquent in March 2025, and the servicer noted the transfer is for both the delinquency and for “failing to meet other loan document requirements.” The loan is backed by the former Showboat Resort hotel and casino in Atlantic City that closed in 2014 and was bought and redeveloped into a 475-room hotel and family entertainment center.
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