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Downtown L.A. Office in Default Sells for Another Big Loss – Commercial Observer

South Korea-based investment firm to pay $145M, which is half the remaining debt: Reports ....

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The Emergence of CRE CLO Distress

Commercial real estate collateralized loan obligation distress took hold in late 2023 and has continued this year, according to CRED iQ. ....

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Adam Neumann's WeWork Bid Could Run to $900M – Commercial Observer

Adam Neumann has submitted an unsolicited bid of more than $500 million to buy bankrupt WeWork, the coworking company he co-founded. ....

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Washington Holdings Trades SoCal Hotel for $68M

The deal is one of the few hospitality trades to close since the debut of the city’s “mansion tax" last year. ....

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Flushing Property Changes Hands for $23M in Bankruptcy Auction

A Flushing, Queens, retail and commercial property sold for $23.1 million in a bankruptcy auction. ....

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