- A King County Superior Courtroom commissioner has accepted a vendor for The Bravern, the 750,000-square-foot Bellevue workplace complicated that had been leased to Microsoft, in accordance with the Puget Sound Enterprise Journal. The proprietor went into default after Microsoft let its lease expire final yr. Eastdil Secured will oversee the “contemplated sale” of The Bravern, bringing one of many Eastside’s largest workplace properties nearer to returning to the market. In November, the remaining $304 million in mortgage debt on The Bravern was transferred to particular servicer KeyBank after the constructing’s proprietor, QSuper, defaulted on the mortgage.
- The South Florida Enterprise Journal reported that the Goodtime Lodge in Miami Seashore is slated for courtroom public sale after its proprietor misplaced a $204.7-million foreclosures judgment. CMMT-JSELLER 2 LLC, an affiliate of CIM Actual Property Credit score, was awarded the judgment in opposition to Washington Squared Proprietor LLC and Goodtime Sound LLC over a mortgage with $149.3 million in principal excellent, plus curiosity and costs. The 205,680-square-foot resort with 266 rooms at 601 Washington Ave. is slated for on-line public sale July 1.
- The Washington Enterprise Journal reported that an Anacostia workplace constructing {that a} D.C. healthcare supplier lately acquired and deliberate to transform right into a clinic and administrative area could also be headed to the public sale block. A foreclosures affidavit was recorded on Monday with D.C.’s Recorder of Deeds for the 120,000-square-foot workplace at 1800 Martin Luther King Jr. Ave. SE, also called Anacostia Gateway. The affidavit was filed by noteholder SSR 1800 MLK LLC, an entity managed by Lakshmi Lavanya Reddy.
- A downtown Columbus, OH workplace tower at 180 E. Broad St. has entered receivership as the owner faces authorized and monetary disputes. Columbus Enterprise First reported that the property has a 57% occupancy price, in accordance with a Colliers report from the tip of 2025.
- A mortgage backed by a distinguished Walnut Creek, ca workplace constructing is on the market, which might enable a brand new investor to scoop up the property at a reduction, the San Francisco Enterprise Occasions reported. The $26.6-million mortgage, originated by lender Principal Actual Property Traders, is secured by 500 Ygnacio Valley Rd., a four-story, 105,000-square-foot workplace constructing. JLL is advertising and marketing the mortgage on the market, with Managing Administrators Chad Coluccio and Adam Lasoff, and Senior Managing Director Rob Hielscher on the undertaking.
- A distinguished Galleria-area workplace tower that has stood just about vacant for over a yr is going through foreclosures after its $80 million mortgage matured final yr., reported the Houston Enterprise Journal. Mortgage servicing notes from LNR Companions, the particular servicer overseeing the CMBS mortgage, mentioned the 19-story, 441,523-square-foot tower at 3000 Put up Oak Blvd. stays vacant and out there for lease or sale. Nonetheless, the lender shall be transferring ahead with foreclosures proceedings, the notes mentioned.
- The Ornament & Design Constructing ($150.3 million | CGCMT 2015-GC33 & CGCMT 2015-P1 | CMBX.9) moved to particular servicing because it hit its Might 2026 maturity date. Morningstar Credit score reported that the mortgage is backed by a 588,000-square-foot showroom property at East 58th Road and third Avenue in Manhattan. Revenues have fallen sharply over time, with 2025’s determine of $36.7 million sitting properly beneath the underwritten stage of $48.4 million.
- Summit Place Wisconsin ($64.5 million | CD 2016-CD3 & JPMDB 2017-C5) transferred to particular servicing this month after the borrower indicated it might now not fund working shortfalls, Morningstar Credit score reported. The mortgage, backed by a suburban Milwaukee workplace property in West Allis, WI, is scheduled to mature in December 2026.
The submit Return to Lender: Week of May 14, 2026 appeared first on Connect CRE.
