The Block 216 tower that holds Portland’s Ritz-Carlton hotel encountered “catastrophic setbacks from the beginning” and is now only worth $425 million — far short of the $510 million owed ...

The beleaguered building encountered 'catastrophic setbacks from the beginning', a lender alleges in the filings. Block 216 was designed as a mix of ritzy apartments, office and hotel space which ...

Ready Capital and the borrowers were planning what’s called a deed in lieu of foreclosure to basically hand over the keys without a foreclosure auction, court documents say. But the smaller ...

Many owners of commercial properties across the country encumbered by mortgage debt are still struggling to navigate the distressed real estate market, primarily due to their inability to pay ...

“A deed in lieu either stops the lender from commencing a foreclosure or stops a foreclosure that has been commenced. Simply stated, the borrower turns over the keys to the lender,” Gerson said.

As the first quarter drew to a close, at least 25 major office properties across the Denver area were outright owned by a lender, thanks to a foreclosure or deed-in-lieu of foreclosure, or effectively ...

Cook Children’s Health Care Services is now the owner of the 276-room hotel located at 1431 Jefferson St. following a deed in lieu of foreclosure, which is a streamlined version of the ...

Blackstone Mortgage Trust has taken control of the 444 N. Michigan Ave office building from a joint venture of Golub & Company and CIM Group due to a failed loan repayment, despite attempts at a ...

According to the Bay County Sheriff’s Office deed on the mortgage sale, Wenonah Park Properties owed more than $21.8 million on the property at the time of its foreclosure. The hotel and its ...

April 1 (UPI) --U.S. Federal Bureau of Investigation officials in Massachusetts are warning the public about a "steady" uptick in fraud relating to quit claim deeds ... New Jersey's 90-year ...

based lender. Sterling Bay is expected to hand over the property through a so-called deed in lieu of foreclosure, sources familiar with the matter said, a transaction that allows landlords and ...

The building is part of a larger 750,000-square-foot portfolio under a common ownership interest. A 2000s-era office building in Rockville once eyed for conversion to life science use is headed to ...