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Nightingale Associates

@FCNightingale

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Management consulting, training and speaking. Focus: leadership, management, strategy, motivation and achievement. Completed projects in 40 countries.

Global
Joined March 2015
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@FCNightingale
Nightingale Associates
9 years
Live based on your commitment to a better future, not your default habits of the past #motivation #vision #strategy
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@FCNightingale
Nightingale Associates
1 month
.Investors in the AAA tranche of $308M debt backed by 1740 Broadway in midtown Manhattan received only 74% of their money. Creditors in the five lower groups were totally wiped out. #commercialrealestate #credit #NewYorkCity
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@FCNightingale
Nightingale Associates
26 days
An estimated 360,000 property owners in south Florida may not be able to afford the repairs required by the new law. Nearly 90% of the 20,000-plus units for sale in Palm Beach, Broward and Miami-Dade are in buildings aged 30 years and above. #realestate
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@FCNightingale
Nightingale Associates
1 month
Downtown Denver office vacancy rate nears 34%. Expecting younger workers to shell out $200 to $300 a month “just to park your car to go to an office building where you don’t want to be is a very hard sell." #commercialrealestate
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@FCNightingale
Nightingale Associates
19 days
91% Discount in downtown Minneapolis Forum office towers sold for $6.5M. Purchased for $73.7M in 2019. 634,000 SF - $10/SF ??? @DiMartinoBooth @barnes_law @VladTheInflator @danjmcnamara @jblumgart @RealJohnGaltFla #commercialrealestate
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@FCNightingale
Nightingale Associates
1 month
Roughly $930 billion in CRE loans will come due this year. $4.7 trillion in outstanding CRE debt. Banks hold about $3 trillion in CRE debt. 70% of that at regional and community banks. #CommercialRealEstate #credit
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@FCNightingale
Nightingale Associates
2 months
"A 10% loss on CRE loans would leave more than 100 mostly small and midsize banks, representing nearly $700B in assets, undercapitalized. A 20% loss would render over 900 banks undercapitalized, including some larger banks." #commercialrealestate
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@FCNightingale
Nightingale Associates
15 days
Minneapolis Office LaSalle Plaza Sold 70% Off 6/23 $46M vs $155M in 2011 Kickernick Building sold 80% Off 2/24 $3.79M vs $19.15M in 2017 330 South 2nd sold 64% Off 6/24 $7.2M vs $20 million in 2018 Forum Towers sold 91% Off 9/24 $6.5M vs $73.7M in 2019 #commercialrealestate
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@FCNightingale
Nightingale Associates
30 days
The Whole Industry Could Collapse "More than 80% of housing properties that have received D.C. funding aren't bringing in enough rental income to pay their mortgages and maintenance costs," #commercialrealestate #multifamily #WashingtonDC
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@FCNightingale
Nightingale Associates
1 month
The CMBS market is a disaster right now says United Capital Markets CEO John Devaney "There are dozens and dozens of office buildings that are defaulting now in Chicago, Denver, Los Angeles, San Francisco, Philadelphia" #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
27 days
61% Reduction In Value In New York City Owner of 1140 Sixth Ave. wrote down the value of the 22-story, 250K SF building to $70M. Sold for $180M in 2015. Debt-service coverage ratio is -5%. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
1 month
Moody's reported on 7 office building sales from April-July with price declines over $100M Also in July: 180 Maiden Lane, NY Purchased for $297M vs prior $470M. 100 Wall St., NY Purchased for $116M vs. prior $270M. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
2 months
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@FCNightingale
Nightingale Associates
3 months
90% Off In Portland J. K. Gill Building sells for $3.25M Former owners paid $9.85M in 2018 and invested $30 M in improvements. Previous owner borrowed $27M from First Interstate Bank which foreclosed and sold the property. #commercialrealestate
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@FCNightingale
Nightingale Associates
9 years
Your level of acceptance is a thermostat for your life. #life #success #quote http://t.co/uamCbnhjnk
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@FCNightingale
Nightingale Associates
2 months
UBS to Liquidate $2 Billion Real Estate Fund Heavy concentration in office properties, with 4/5 of its assets allocated to this sector. United States represents the largest country exposure at 22%. #commercialrealestate #realestateinvesting
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@FCNightingale
Nightingale Associates
3 months
@TripleNetInvest Those two properties have gone back to lender DPI Acres Capital. Tides received three additional foreclosure notices on DFW properties. They’re scheduled to go up for auction in August: Tides at North Collins, 296-units Tides at McCallum South, 72-units Tides at Avril, 175-units
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@FCNightingale
Nightingale Associates
2 months
57% Off On Wall Street 100 Wall Street sells for $116M. Barings, the investment arm of MassMutual, paid $270M through its subsidiary Cornerstone Real Estate Advisors when it purchased the building in 2015. #commercialrealestate #NewYorkCity
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@FCNightingale
Nightingale Associates
6 months
Amount of vacant office space breaks records in Atlanta, study shows The firm estimates around 32.4% of all office square footage was available - a number that CBRE says "continues to break records." #commercialrealestate
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@FCNightingale
Nightingale Associates
29 days
Strip Mall Landlords Taking A Hit From Bankruptcies Number of stores at recent peak: Big Lots 1,400 Rite Aid 2,300 Conn’s/Badcock 550 LL Flooring 400 (selling 219) #commercialrealestate #economy
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@FCNightingale
Nightingale Associates
18 days
Federal agencies are getting rid of office space they no longer need and will shed millions of square feet in the coming years. Department of Energy plans to dispose of 3M SF of building space through 2027. #commercialrealestate #WashingtonDC
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@FCNightingale
Nightingale Associates
2 months
@TripleNetInvest People are cutting back on chocolate bars. Hershey Q2 sales plunged 17% to $2.07 billion, sharply missing the $2.31 billion estimate.
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@FCNightingale
Nightingale Associates
24 days
Judge orders the appointment of a receiver for Palisades Center Mall in West Nyack. Owner is in default on a $418.5M mortgage and a trust representing lenders filed to foreclose on the mall last year. Appraised at $217M in November, 2022. 2.2M SF #commercialrealestate #CMBS
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@FCNightingale
Nightingale Associates
2 months
@TripleNetInvest 201 N. Charles St. High bid at auction Thursday $3.1M In 2013 sold for $19.6M 100 N. Charles St. 345K SF Sold for $4M in June. Both 1960s era towers sold for $12 per SF.
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@FCNightingale
Nightingale Associates
3 months
“We've seen the values of office buildings in D.C. fall by almost 50% on average” “Half the buildings in this market, at least, are over-leveraged. So it’s a pretty dire situation.”-Carr @DiMartinoBooth @danjmcnamara @BankerWeimar @SusanLiTV @SullyCNBC
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@FCNightingale
Nightingale Associates
2 months
A foreclosure auction is scheduled for Sept. 12 at the Hennepin County Sheriff’s Office in downtown Minneapolis for Wells Fargo Plaza, a 24-story office tower in Bloomington, MN 450K SF Owners defaulted on a $44.8M mortgage #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
1 month
Moody’s Cuts Debt on Offices Backed by Pimco to Lowest Junk "US offices continue to fall in price, led by declines in central business districts, where values are down 52% from their 2022 peaks, according to MSCI Inc." #CommercialRealEstate #credit
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@FCNightingale
Nightingale Associates
2 months
Multifamily Madness Anton Mattli, CEO of Peak Financing, told DailyMail that up to $50 Billion tied up in syndicated property deals is at risk of default. 'That is 2,000 plus properties that are at risk of foreclosure,' he added. #commercialrealestate
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@FCNightingale
Nightingale Associates
4 months
An eight-story office property, 330 Second Ave in Minneapolis, was recently sold at auction on the Ten-X platform to a private individual for $7.2M. Sold for $20M in 2018. #commercialrealestate
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@FCNightingale
Nightingale Associates
8 months
@bavedikian @trdny A wise man told me a long time ago: "If you want your clients to come first, then you have to put your people first, first."
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@FCNightingale
Nightingale Associates
1 month
In metro Phoenix, 34 loans for multifamily properties are currently on a CMBS watch list. "The next 24-36 months will be difficult for developers, investors, lenders, brokers and contractors" Tides Equities facing 2 foreclosures. #CommercialRealEstate
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@FCNightingale
Nightingale Associates
8 months
@TripleNetInvest For me the attraction is free use of an air pump with the tire pressure guage built in-just dial in the pressure you want. At other places you have to feed in quarters and check the pressure yourself with a hand held tire guage. Then Wawa gets my purchase of gas, food and drink.
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@FCNightingale
Nightingale Associates
1 month
82% Reduction In Value In San Francisco Emporium Centre San Francisco 1.45M SF Mall Owners stopped making payments on $558M loan. KBRA in July concluded the value of the property was $221.7M down from $1.22B in 2016. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
1 month
Webster Bank files to take control of Hartford Metro Center office building at 350 Church St. Alleges owner failed to repay $38M loan and pay $1.3M in property taxes. Purchased for $49M in 2017. #commercialrealestate #credit #Connecticut
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@FCNightingale
Nightingale Associates
15 days
Auctions Sep 23 Former Fast Food - Starting Bids Former Burger King Willoughby, Ohio $250K Former Burger King Warren, Ohio $200K Former Checkers Dublin, Georgia $225K Former Hardee's Ashland Alabama $125K #commercialrealestate
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@FCNightingale
Nightingale Associates
8 years
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@FCNightingale
Nightingale Associates
1 year
Monday Properties is at risk of losing 7 high-rise office buildings in Rosslyn, Va, across the river from DC, after it missed a payment on a piece of an $841M loan, which matures in less than 2 weeks. @danjmcnamara @DiMartinoBooth #commercialrealestate
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@FCNightingale
Nightingale Associates
3 months
Of major US cities Boston is most dependent on CRE for revenues. Boston office building sale price reductions from previous purchase price. 33–41 West Street 74% 125 Broad Street 72% 186 Lincoln Street 47% 110 Canal Street 39% 281 Franklin Street 38% #commercialrealestate
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@FCNightingale
Nightingale Associates
24 days
Helmsley, a 1.4M SF building atop Grand Central Purchased in 2015 for $1.2B. Defaulted in January after its $670M mortgage came due. Also carries $125M in mezzanine debt. Lenders agreed to give owner time to explore conversion. #commercialrealestate
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@FCNightingale
Nightingale Associates
4 months
4 Washington D. C. Office Foreclosure Auctions 1750 H St. NW Thursday 1776 Massachusetts Ave. NW Friday 601 Indiana Ave. NW June 25 2001 Pennsylvania Ave. NW June 25 @DiMartinoBooth @danjmcnamara @BankerWeimar @JG_Nuke @aryal1994 @JimChuong
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@FCNightingale
Nightingale Associates
3 months
Kentucky skyscraper owners default on $28M loan. Monthly payments of $142,204.82 not made since last November. 26-story Meidinger Tower in Louisville, Kentucky Purchased for $32M in 2017 #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
2 months
77% Off In Chicago 111 West Illinois Street to be sold for $17M Commanded $75M in 2015. 23% occupied after Salesforce’s departure. #commercialrealestate
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@FCNightingale
Nightingale Associates
27 days
73% Reduction In Value In Denver Metropoint I and II at 4600 and 4610 S. Ulster St. purchased for $22M. California State Teachers Retirement System purchased the buildings in 2006 for $81.1M. Total 433K SF on 14.5 acres #commercialrealestate
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@FCNightingale
Nightingale Associates
3 months
Bank OZK Prepares For ‘Credit Deterioration’ While Growing CRE Loan Book Pool of nonperforming loans grew to $81M Real estate loan portfolio grew $670M in the last 3 months to $28.5B #commercialrealestate #banks
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@FCNightingale
Nightingale Associates
3 months
78% OFF IN DC After foreclosing on 1776 Massachusetts Ave. NW the noteholder, Society for Science, (owed $29.1M) took control of the building at auction with the only bid-$10M Purchased in 2012 for $45.5M Built 1969 Class C @DiMartinoBooth @danjmcnamara @BankerWeimar @JG_Nuke
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@FCNightingale
Nightingale Associates
21 days
“Vacancy rates aren’t showing the whole picture, since there are still lots of leased offices that aren’t occupied or are under-occupied” Estimates that only 15% of office buildings are appropriate for residential conversion. #CommercialRealEstate
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@FCNightingale
Nightingale Associates
13 days
"Not every Class B or C building is 90% vacant or even 50%, but many are." "That is a formula for defaults. The slow-moving wreck will take months or years to play out, but playing out it is." #commercialrealestate #NewYorkCity
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@FCNightingale
Nightingale Associates
3 months
Multifamily Distress David Lynd, CEO of real estate firmThe Lynd Group, cited a recent meeting he had with an unidentified larger institution, which feared the sector was heading for "real estate armageddon." @m3_melody #commercialrealestate #multifamily
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@FCNightingale
Nightingale Associates
24 days
$300M CMBS loan backed by 1 Cal Plaza in LA has moved to special servicing CMBS maturities in LA: “The overwhelming share of those [properties] are going to be facing a significant amount of lease rollover and/or current vacancy” #commercialrealestate
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@FCNightingale
Nightingale Associates
24 days
64% Reduction In Price - 360 Lexington Avenue In contract for $65M. Purchased for $180M in 2019. Lenders Barclays and PPM America held $110M mortgage. 270K SF office and retail building. #commercialrealestate #credit #NewYorkCity
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@FCNightingale
Nightingale Associates
12 days
92% Off In Chicago - Legal Battle Ensues 300 West Adams sold for just $4M in December. Purchased for $51M in 2012. Two investors sued claiming they were secretly cut out of the deal. #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
Two Thirds Off In San Francisco 400 Montgomery St. expected to trade hands for a figure in the mid $20 million range. Purchased for $77.5 million in August 2019. #commercialrealestate
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@FCNightingale
Nightingale Associates
8 years
Eddie Arcaro lost 250 races before his 1st win. He went on to win 4,779 races & the Triple Crown twice. #determination #success #motivation
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@FCNightingale
Nightingale Associates
7 months
Another downtown St. Louis office tower gets receiver after loan default It's the fourth-largest office building in the region with 759,608 SF. Bank of America Plaza at 800 Market St #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
2 months
Central Business District Office Vacancy Rates Portland 33% Denver 32.4% Atlanta 31.7% #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
Multifamily distress has jumped 100 basis points between June and July, which @cred_iq called a "staggering" growth rate. At 8.4%, this is the fifth consecutive record high. Up from 2.6% in January. #commercialrealestate
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@FCNightingale
Nightingale Associates
3 months
Another Brookfield owned Los Angeles office tower is in financial trouble $400M loan tied to the 1.4M SF Bank of America Plaza has been transferred to special servicing by its lenders, a consortium of WFC, GS, C and MS. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
2 months
Magnificent Mile retail asset goes to lender Barings after $61M default. 625 N. Michigan Avenue “Many landlords on Michigan Avenue have given back the keys" "soaring vacancy rates and plummeting values" #commercialrealestate #credit #Chicago
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@FCNightingale
Nightingale Associates
1 month
Auction In Progress 1 N Main St. Middletown, Ohio Building Size 69,662 SF Built 1962 Occupancy: 0% #commercialrealestate
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@FCNightingale
Nightingale Associates
18 days
72% Reduction In Appraised Value In New York City 315 W. 36th St 98% vacant. From $127M before the pandemic to 36M. #commercialrealestate
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@FCNightingale
Nightingale Associates
23 days
US commercial mortgage market at 4.7T @TreppWire noted special servicing rates in August Office rose to 11.91%, the highest in 11 years. Multifamily rose to 5.71%, the highest in 9 years. Retail at 10.92% Lodging at 7.42% #commercialrealestate #CMBS
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@FCNightingale
Nightingale Associates
3 months
Roughly 7.4% of multifamily CMBS loans were delinquent or in special servicing at the end of last month according to a report from securitized debt tracking firm @cred_iq up from about 3% at the start of the year. #commercialrealestate #multifamily
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@FCNightingale
Nightingale Associates
2 months
Downtown San Diego 27% Office Vacancy “Until you figure out homelessness, until you figure out safety, until you figure out cleanliness, people aren't going to want to flock to downtown as much,” says Tim Olson, JLL #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
76% Drop In Value in Baltimore 19-story skyscraper at 300 E. Lombard St In receivership as lender eyes sale. Purchased in 2015 for $38.3M. Now valued at just $9.1M CMBS balance $23.79M. Payments 8 months late. #commercialrealestate #office
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@FCNightingale
Nightingale Associates
1 month
"Record-high vacancy levels, feeble rental rates, a contracting tech sector and a growing number of foreclosures have created an ominous landscape for Bay Area offices." Well over 1/3 of the office space is empty in San Francisco. #CommercialRealEstate
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@FCNightingale
Nightingale Associates
2 months
Sephora lands steep discount on 520 Madison Ave lease Price reduction of two-thirds. Annual rent reduced from $3 million to $1 million. #commercialrealestate #retail
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@FCNightingale
Nightingale Associates
2 months
One Charles Center Baltimore In 1993 ownership transferred to MetLife, holder of the $19.6M mortgage, via a credit bid of $11.5M. In 1996 sold for $6M. Sold last month for $4M - $12 per square foot. #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
71% Off in Fairfax County, Virginia - Trinity Center 4 building office park 500,000 SF Sold for $39M Purchased in 2016 for $134M #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
80% Reduction In Value In Chicago The retail portion of the building at 1 N. State St. is set for a foreclosure auction next week. Current appraisal $19.9M $101M valuation in 2013. #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
84% Off In Baltimore As previously noted 201 N. Charles St. received a high bid of $3.1M ($12 Per SF) at auction yesterday which met the reserve price. The office tower sold in 2013 for $19,6M. #commercialrealestate #realestateinvesting
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@FCNightingale
Nightingale Associates
3 months
64% OFF IN PHILADELPHIA A 15-story 126,689 SF Philadelphia Center City office building at 1760 Market St. changed hands this week for $11.5M. Purchased in 2018 for $31.5M @DiMartinoBooth @danjmcnamara @BankerWeimar @JG_Nuke
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@FCNightingale
Nightingale Associates
8 years
Stewardesses-Not on the plane but rather on the high speed train in Xian, China #business #innovation #creativity
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@FCNightingale
Nightingale Associates
23 days
Owners Default On $525M Loan Tied To Mobil Building at 150 E. 42nd St. Leasehold for the 42-story, 1.7M SF tower purchased in 2014 for more than $900M. $525M single-asset CMBS loan and a $175M mezzanine loan. #commercialrealestate #NewYorkCity
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@FCNightingale
Nightingale Associates
25 days
2 downtown Miami office buildings face $58.4M foreclosure 12-story, 150K SF 200 S.E. First St 68% Occupancy 25-story, 172K SF 44 W. Flagler St 51% Occupancy Purchased for a combined $56.7M in 2022. #commercialrealestate
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@FCNightingale
Nightingale Associates
2 months
Chicago posted the highest rate of CMBS office stress at 75%, followed by Denver's 65% and Houston's 57%. Philadelphia 52% The stress rate measures loans that are in default or at higher risk of default. Source: KBRA Analytics #commercialrealestate
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@FCNightingale
Nightingale Associates
17 days
San Francisco Hospitality Sector Swimming In Debt CMBS delinquency rate in San Francisco lodging sector soared to 41.6% in June. Revenue per available room is 28% below peak 2019 levels. #commercialrealestate #hospitality .
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@FCNightingale
Nightingale Associates
9 months
Nearly empty Jackson Blvd office building headed to auction Sale of distressed building to test investor interest with $5 psf starting bid. 185,000 sq ft building purchased in 2013 for over $22M. #commercialrealestate #Chicago
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@FCNightingale
Nightingale Associates
3 months
Minskoff Equities defaults on Playa Vista office with $271M debt The Bluffs 500K SF Purchased for $413M in 2016 In October, data from CoStar provided to TRD showed the campus was about 70% vacant. #commercialrealestate #credit #California
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@FCNightingale
Nightingale Associates
29 days
Locations Closing Big Lots, LL Flooring, Bob’s Store, Conn’s, Family Dollar. 7-Eleven, Stop+Shop, Walgreens. CVS, Rite Aid, Macy’s, Sam Ash, Buca di Beppo, World of Beer, Red Lobster, Mod Pizza, Rubio's, TGI Fridays, Applebee's, Denny's, Shari's #commercialrealestate #economy
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@FCNightingale
Nightingale Associates
2 months
Syndicator faces two apartment complex foreclosures as dominos fall Cyclone, whose website is no longer active, stands to lose 600 units. San Antonio properties, The Grove and Westlake Villas #commercialrealestate #multifamily #credit
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@FCNightingale
Nightingale Associates
18 days
60% Reduction In Appraised Value In Pittsburgh BNY Mellon Center taxable value plummets $90.2M amid concerns about its future. From $149.9M to $59.6M. Total reductions awarded to more than 16 buildings in the CBD are over $500M. #commercialrealestate
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@FCNightingale
Nightingale Associates
3 months
80% Off in Chicago 1 N. LaSalle St. $74M loan acquired for between $15M and $20M Property purchased 2018 for $113M By acquiring the loan, Namdar and Mason are in position to take control of the nearly half-empty 47 story tower #commercialrealestate
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@FCNightingale
Nightingale Associates
3 months
The five-story, 170K SF building at 3600 Brighton Blvd. had no tenants when purchased. And it still has none today. This July marks four years since Rev360 was completed. No one has ever moved into the building.-BusinessDen #commercialrealestate #Denver
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@FCNightingale
Nightingale Associates
22 days
Bankrupt Tacoma developer’s apartment property goes to lender in $5 million credit bid Pacific Ridge Apartments, 8445 Pacific Ave. S. 80 units Construction loan outstanding balance of $20.3M. #commercialrealestate #multifamily
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@FCNightingale
Nightingale Associates
3 months
The 773-room Dearborn Hyatt, that sat empty for 5½ years, went to sheriff's sale last month after the owners defaulted. $9.85M winning bid Sold for $18.25M 2021 Earlier $27M deal to turn into condos collapsed. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
18 days
85% Reduction In Appraised Value In Massachusetts Solomon Pond Mall in Marlborough Appraised at $29.7M, down from$200M in 2012. Receiver appointed in 2021. #commercialrealestate #retail
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@FCNightingale
Nightingale Associates
2 months
San Francisco's hotels stagger under massive debts following a dramatic drop off in tourism. CMBS delinquency rate for the sector jumped to 41.6% in June from 5.7% in June last year, according to data from @TreppWire . #commercialrealestate #Travel
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@FCNightingale
Nightingale Associates
22 days
Owners may lose an eight-property portfolio of prewar apartment buildings. Stopped making payments this spring. Citizens Bank alleges that the owners now owe around $56M, as well as interest and fees.
@BankerWeimar
🤠 Weimar Silver Baron 🤠
22 days
“Citizens Bank has filed suit against a pair of real estate investors, claiming the borrowers defaulted on mortgage payments tied to a large Upper Manhattan multifamily portfolio” #CRE #CMBS #CommercialRealEstate (Link w/o paywall in comments)
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@FCNightingale
Nightingale Associates
16 days
Owner defaulted on the $215M mortgage for 681 Fifth Ave. and lenders have moved to seize the 80,000 SF building. Appraised at $105M, a 76% decline from pre-pandemic value. #commercialrealestate #NewYorkCity
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@FCNightingale
Nightingale Associates
2 months
Washington D. C. 39% of securitized office loans were in default or at risk of default Creditors foreclosed on 12 office buildings in the first half of this year The amount of occupied space declined by more than 500K SF in the 2nd quarter - WSJ #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
1 month
One local investor in a company that owns multiple apartment complexes in Aurora said that they’ve “lost control” of several properties because the gang has taken over the units. #commercialrealestate #multifamily #Colorado
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@FCNightingale
Nightingale Associates
1 year
@DiMartinoBooth CRE loans as a percentage of total loans New York Community Bancorp 71% Valley National 60% East West Bancorp 39% M&T Bank Corporation 34% Comerica Incorporated 32% Western Alliance 28% PacWest Bancorp 28% Zions Bancorporation 23%
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@FCNightingale
Nightingale Associates
2 months
66% Off In Los Angeles Chinese investor buys 801 Tower office building for $60M. 465,200 SF building at 801 South Figueroa Street Barings purchased the building in 2014 for $178.2M. #commercialrealestate #credit
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@FCNightingale
Nightingale Associates
1 month
Developers sold Rev360 for $72M in 2021. Now for sale at 'incredible discount'. No one has ever moved into the building. The doors are locked. The ground-floor retail space hasn’t been built out. The office space upstairs is empty. -BusinessDen #commercialrealestate #Denver
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@FCNightingale
Nightingale Associates
2 months
Value Of White Marsh Mall, Now In Receivership, Has Fallen 73% New appraisal puts the mall's valuation at $80M, down from its $300M valuation when a CMBS loan backed by the mall was issued in 2013. #commercialrealestate #Baltimore
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