Live based on your commitment to a better future, not your default habits of the past #motivation #vision #strategy

Chinese construction suppliers are using homes received against unpaid bills to repay their own creditors, sometimes before taking legal ownership, as the property downturn strains payments across the industry, recent company disclosures show.

Chicago CBD Q3 Office Vacancy 27.2% Net absorption negative for the 12th consecutive quarter. YTD absorption -1.4M SF. Class A 23.3% Class B 34.2% Class C 24.2% Central Loop 31.1% East Loop 34.6% Fulton Market 15.4% North Michigan Ave 27.0% River North 29.0% West Loop 22.8% -Cushman and Wakefield #CommercialRealEstate

Flipping Washington D.C. Office 1627 K St. NW Just sold for $6.8M ↑112.5% Acquired in May 2026 for $3.2M ↓80% Purchased for $15.9M in 2004 68,634 Square Feet Built 1977 -CoStar #CommercialRealEstate

1/2 The Hotel Deluxe Portland, Oregon reported a new appraisal at $16.0M, 34% of valuation 11 years ago. Appraised at $47.2M in 2015. The property has reported negative cash flow for five of the past six years. 130 Rooms Built 1912 CMBS ($26.6M | 25.8% of COMM 2015-CR27) #CommercialRealEstate

2/2 The PoHo Portfolio, two hotels in Portland, Oregon, reported a new appraisal at $58.1M, 83% lower than the value of $340.3M in 2019. 455 room Hilton Portland 327 room Hotel Duniway Portland The trust foreclosed and took title as Real Estate Owned (REO) in January 2023. CMBS ($240.0M | MSC 2019-PLND) -morningstar #CommercialRealEstate

Worldgate Centre in Herndon, Virginia goes to lender with a $28.2M credit bid at foreclosure auction. Appraised value fell 73% to $23.9M in March from $88.5M in 2014. Previous owner defaulted on $50M loan. WFRBS Commercial Mortgage Trust 2014-C20 229,000 Square Feet Retail Center #CommercialRealEstate

Planned conversion of the former USA Economy Lodge into a 226-unit studio apartment complex in Birmingham, Alabama results in foreclosure and $1M contractor lien. Phase 1 successfully delivered 60 units in the smaller building by late 2025. However, Phase 2—slated for the former motel’s main building—stalled completely. Fuse Group provided $13M in bridge/construction financing in 2025. Following the project's stagnation, Fuse Group foreclosed on the property and sold it at auction in October for $5.93M. -bizjournals #CommercialRealEstate

The firm, Citigroup Securities (China) Company Limited, will become the seventh wholly foreign-owned securities firm approved to operate in China, following J.P. Morgan, Goldman Sachs, Standard Chartered, BNP Paribas, UBS, and Mizuho.

55 E. Jackson Blvd. Chicago, Illinois is up for sale after the lender that sought to foreclose on it decided abandoning the building was smarter than seizing it. 452,186 SF entirely vacant except for ground floor retail leases with Potbelly and Starbucks. Bids are expected just below $25 per square foot, or roughly $11M. Leasehold interest sold for $64M in 2019. "Ready Capital and Marc Realty terminated the ground lease to help prepare the building for a sale, according to CBRE. Proceeds from a sale would be placed in escrow, and parties involved in the property will be able to file claims for that money through the court, according to CoStar News." The city filed a lawsuit against the building's owner over building code violations in an effort to stabilize the structure. In response to the city's legal action, a Cook County judge appointed CNR Advisors to serve as the receiver for the property. CNR Advisors authorized the sale and hired CBRE brokers to put the property on the market. -Crain's Chicago / CoStar #CommercialRealEstate

Wilmington Trust has filed a foreclosure lawsuit against the owner of Pittsburgh's Heinz 57 Center. Appraised value declined to $19.8M, ↓82% from $110.6M in 2015. Occupancy dropped from 95% in late 2023 down to just 18.29% in October 2026. "Performance has deteriorated due to the departure of the largest tenant, Heinz North America (44.3% of the NRA), at lease expiration in July 2026." Defaulted on $62.6M loan. CMBS JPMCC 2015-JP1 345 Sixth Ave, Pittsburgh, Pennsylvania 790,000 Square Feet Built 1914 -bizjournals / Fitch Ratings #commercialrealestate

Auction Result Sold for $1,850,000 $18.70 per SF 222 Pennbright Dr Houston, Texas 98,916 Square Feet Built 1983 19% Leased "The building is ideally located: 6 minutes south of the Woodlands 10 minutes from the Bush Intercontinental Airport and direct access to I-45, Beltway 8, the Hardy Toll Road and Grand Parkway." #CommercialRealEstate

Deal finally agreed for New York skyscraper that will be taller than the Empire State Building. Reaching over 1,400 feet tall, the Park Avenue skyscraper will contain 1.9M SF of Class A office space. Ken Griffin’s company, Citadel Enterprise America, will serve as the anchor tenant, occupying 1.05M SF. JPMorgan Chase, Bank of America, BMO Bank, ING Capital, PNC Bank, and Standard Chartered Bank form the consortium behind the $3.3 billion construction loan. #commercialrealestate dailymail.com/news/article-1…

In 1980 Shenzhen consisted of farms, wetlands and fishing villages. It now hosts a diverse range of companies across technology, finance, manufacturing, and logistics sectors with 9 in the 2026 Fortune Global 500 list.

Receivers for Shimao Group have agreed to sell a Sheraton hotel complex near Hong Kong International Airport for HK$2.7 billion ($344 million), 40% below the loan balance reported when lenders seized the property in June. The deal covers the 218-key Sheraton Hong Kong Tung Chung Hotel and the 1,001-room Four Points by Sheraton. #CommercialRealEstate mingtiandi.com/real-estate/f…

An Airbus A320neo rolled off the Mobile, Alabama, factory line in July 2022, painted bright yellow for its destination: Spirit Airlines. But this May, less than four years later, it was stripped for parts worth millions and crushed, the steel teeth of an excavator tearing through its fuselage at a facility on the outskirts of Phoenix. Bill Thompson, VP at EirTrade Aviation said the company paid “single-digit” millions each for that airplane and a similarly aged one, and it expects to make a profit from selling the more than 1,000 parts it took off them before they were crushed. #Aviation cnbc.com/2026/10/24/spirit-a…

1111 Broadway Oakland, California Owners defaulted on a loan with an unpaid balance of $194.1M. Purchased for $327.5M in 2021. "Multiple other office buildings, apartment towers and hotels in downtown Oakland have also suffered from failed financing or foreclosures in recent years" "actions that a pose a threat to property values and the tax revenue streams crucial to public agencies" 572,300 Square Feet Built 1990 -East Bay Times #commercialrealestate

An 18 story vacant office tower at 1800 Century Boulevard in Chamblee, Georgia came down Saturday morning in a controlled demolition. The building was formerly slated for a 289-unit residential conversion, but the plan was abandoned earlier this year. 290,000 Square Feet Built 1975 #commercialrealestate

Far-Left protest mobs cause chaos on the streets of France for a second weekend as riot police fight back with water cannons and tear gas. The Daily Mail has 53 photos. The Interior Ministry put nationwide turnout at 410,000, including 110,000 in Paris. dailymail.com/news/article-1…

The lender who provided just over $110 M in loans on Rochester Tech Park is asking the court to grant a request for summary judgment in the 18-month-old foreclosure proceeding. The promissory notes were secured by the 288 acre 4M SF office, industrial and manufacturing property along Elmgrove Road in Gates. Wells Fargo acting as trustee for CMBS. -rbj #commercialrealestate

Auction Result Sold for $500,000 230 Factory St Watertown, New York Cheryl (“Cherie”) Morrison Pastor, 80, is saying farewell to the Morrison’s Furniture store building, of which she has been the third-generation owner. The business closed at the end of 2024. Pastor's grandfather, Joseph J. Morrison, started the business in 1921. Time and circumstances have caught up with the owner, which led to the decision to auction off the property. “It’s sad in a way, but there’s nothing much I can do,” Pastor said. “I need to be retired, and my children have all moved away and have their own lives out of state. I just don’t have the next generation that wants to continue on with this.” 53,860 Square Feet Built 1950 Vacant -Watertown Daily Times #commercialrealestate