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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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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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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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Planned Parenthood Buys LA Industrial Facility Near USC – Commercial Observer

It appears the deal was not subject to the ULA transfer tax likely because of Planned Parenthood’s status as a nonprofit corporation.

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Men's Clothing Store DXL Big + Tall Moving to 11K SF at 675 Avenue of the Americas – Commercial Observer

Big + Tall signed an eight-year lease for 10,500 square feet on the ground floor of the six-story Chelsea building.

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