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Judge approves sale of Centre Square Philadelphia, Pennsylvania for $70M, 21% of its purchase price of $328M in 2017. 15% of its $471.1M appraisal in 2019. $368M CMBS The 85% decline in value means even the bond’s safest slices, once rated AAA, will get hit, while holders of seven lower-ranking tranches will be wiped out. A loss at the AAA level would mark just the third time since the financial crisis that investors in a top-rated CMBS have gotten hit. Pimco holds roughly $58M in face value across the deal, about half in the top-rated portion. Occupancy declined from 98% to 23%. -Bisnow / Bloomberg #CommercialRealEstate bisnow.com/news/philadelphia…

Chinese President Xi Jinping delivered remarks at a state dinner hosted by US President Donald Trump at the White House in Washington, D.C. on Thursday. 'Together let us write a new chapter in our friendly relations,' President Xi added, before asking for a toast. news.cgtn.com/news/2026-09-2…

Six figures and still struggling: Dollar General CEO says Americans earning $100,000 'don't feel high income' anymore Dollar General's CEO Todd Vasos said persistent inflation and high gas prices are pushing consumers across income groups to become more careful about how and where they spend. Speaking at the Goldman Sachs Global Consumer and Retail Conference, Vasos said Dollar General's core customers - whom he defined as those earning less than $45,000 - change their habits when gas prices approach $4 a gallon. For Dollar General, the changing shopping habits represent an opportunity to attract customers who might once have considered themselves above discount stores. Vasos said the chain's more than 2,000 items priced at $1 or less are particularly meaningful to shoppers in the current environment. #economy dailymail.com/yourmoney/arti…

2100 Ross Avenue Dallas, Texas heads to foreclosure auction Oct 6 Owner allegedly defaulted on a $98M loan. Sold for $131M in 2015. 840,000 SF Built 1982 -TheRealDeal #CommercialRealEstate

Wells Fargo has moved to foreclose on 100 Summer St. Boston, Massachusetts Scheduled for an auction Oct. 20 with Sullivan & Sullivan Auctioneers. Purchased for $806M in 2019. Along with that acquisition, Wells Fargo provided Rockpoint with a $470M loan. Now assessed at$425M. 1.1M SF Built 1980 72% Leased #CommercialRealEstate bisnow.com/news/boston/offic…

One Shell Square New Orleans, Louisiana Now named The Hancock Whitney Center The new appraisal valued the property at $78.0M down 57% from the valuation of $180.6M in 2015. CMBS ($100.4M | JPMBB 2015-C32 & JPMBB 2015-C30) 1,257,275 Square Feet Built 1972 -Morningstar #CommercialRealEstate

Chinese President Xi Jinping addresses welcome ceremony hosted by President Trump at the White House Full text at link I'm very glad to pay a state visit to your beautiful country, the United States of America. Thank you, President Trump and Mrs. Trump, for the warm hospitality you have extended to me and my wife. On behalf of the 1.4 billion and more Chinese people, I wish to begin by extending sincere greetings to the American people and warm congratulations on the 250th anniversary of the U.S. independence. Both China and the United States are great countries, and both the Chinese and American peoples are great peoples. I am visiting the United States at President Trump's invitation to carry on our friendship, expand cooperation, and promote the well-being of both our peoples. #geopolitics news.cgtn.com/news/2026-09-2…

China and the United States should be partners, not rivals, Chinese President Xi Jinping said in a speech upon his arrival in the US for a state visit. He stressed that the great rejuvenation of the Chinese nation and making America great again can go hand in hand, and that the two countries can help each other succeed and advance the well-being of the whole world. #geopolitics news.cgtn.com/news/2026-09-2…

The 25 largest CMBS office loans in special servicing as of August total $10.0B, 34.7% of $28.8B of office loans in special servicing. Number of Loans by City New York 8 Los Angeles 3 Washington D.C. 2 Chicago 2 -CRE Finance Council #CommercialRealEstate

Dulaney Center Towson, Maryland Reported a new appraised value of $29.4M, a 56% drop from the value of $67.3M in 2018. Servicer commentary notes that foreclosure is expected in Q4 2026. 316,000 Square Feet Built: 1983 Building I and 1987 Building II CMBS ($42.9M | 6.3% of WFCM 2018-C44) -Morningstar #CommercialRealEstate

Lenders acquired 209-211 E. 43rd St. New York City for $1,000. Leasehold purchased for $61M in 2013. No outside bidders emerged at auction, because the property comes with $80M in debt attached. In addition, any building owner would pay rent to the owner of the land underneath. A joint venture including Blackstone Group, Canada Pension Plan Investment Board, Rialto Capital and the Federal Deposit Insurance Corp. acquired the property. 215,000 SF Built 1928 -Crain's #CommercialRealEstate

The Neshaminy Mall in Bensalem, Pennsylvani is set to close by the end of October. Purchased for $27.5M in 2024 Purchased for $50M in 1990 Owners, Paramount Realty and Edgewood Properties, are closing down the 1.1M SF complex and demolishing most of it with the exception of Boscov’s, AMC-24 Neshaminy, Barnes & Noble, and the Jean Madeline Aveda Institute to make way for a redevelopment project, #CommercialRealEstate the-sun.com/money/17047830/b…

10150 York Road Cockeysville, Maryland Sold for $6.2M, 33% of its purchase price of $19M in 2018. 175,000 Square Feet Built 1985 61% Leased -bizjournals #CommercialRealEstate

Across the country, roughly $64 billion in CMBS backed by offices is set to mature this year and next, and nearly $40 billion of it is already delinquent, in default, or on watchlists, according to Bloomberg. Polpo Capital Management's chief investment officer, @danjmcnamara said, "One of the scariest headlines is that office CMBS delinquencies are higher than after 2008," and added, "And it's going to go higher as we face more maturities." #CommercialRealEstate

475 17th St. in downtown Denver, Colorado once eyed for conversion hits the auction block in Nov Sold for $26M in 2015 Starting Bid $750,000 In 2024, local developer Revesco Properties proposed fashioning some 200 units out of the building. By October 2025, when Revesco asked for funding from the Denver Downtown Development Authority, the unit count had dropped to 140. The DDDA has provided low-interest loans to a number of downtown conversion projects, providing a critical subsidy. But earlier this year, the DDDA said it wouldn’t fund the project at 475 17th. 151,425 SF Built 1975 #CommercialRealEstate denverpost.com/2026/09/21/de…

Aon Center Chicago, Illinois Appraised at $195M in May, 27% of its purchase price of $712M in 2015. $536M in CMBS debt. This is the 3rd largest CMBS debt in special servicing in the country. $136M in BMARK 2018-B4, BMARK 2018-B5, and BMARK 2018-B7, and $400M in JPMCC 2018-AON. A July loan payoff request for a three‑year extension was "unequivocally denied." 2,777,959 RSF Built 1972 -CRE Finance Council / Fitch / Bloomberg #CommercialRealEstate

Regency Forest I and II in Cary, North Carolina Sold for $15M, 35% of their $42.3M purchase price in 2018 100 Regency Forest Drive 103,597 SF Built 1999 200 Regency Forest Drive 102,991 SF Built: 1997 -bizjournals #CommercialRealEstate

Excelsior Crossings, 9350 and 9380 Excelsior Blvd. Hopkins, Minnesota. Sold for $66M, 54% of its purchase price of $122.75M in 2013. 546,548 Square Feet Built 2008 98% Leased #CommercialRealEstate morningstar.com/news/pr-news…

Former MassMutual site in Enfield, Connecticut Sold for $4M in 2025, less than $9 / SF, and 15% of its purchase price of $27.5M in 2004. MassMutual spent $38M on renovations. Appraised at $48.4M in 2019. MB Financial plans 487 apartments and townhomes in a phased $150M redevelopment. 472K Square Feet 66 Acres _HBJ #CommercialRealEstate

California Governor Gavin Newsom signed a budget bill that directs $125 million in state funding toward the plan to buy the former Golden Gate Fields race track and turn it into a huge new waterfront park. Golden Gate Fields hasn’t been in use since it closed its gates in 2024. #CommercialRealEstate berkeleyside.org/2026/09/21/…