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**Return to Lender: Week of September 4, 2025**
Here’s a recap of the latest real estate assets facing foreclosure or distress during the week of September 4, 2025:
– A $43 million loan secured by Decorative Center Houston has been resolved with a significant $11.9 million loss, according to Morningstar Credit. Despite being appraised earlier this year at $43.3 million, the property’s sale fetched far less. The resolution came swiftly, with the loan entering special servicing just this past January after a missed maturity deadline.
– Hilco Real Estate Sales is auctioning a North Jersey real estate portfolio in a bankruptcy sale, with a bid deadline set for September 30. The portfolio includes a fully entitled 9.34-acre parcel in the Harrison Town Square Redevelopment Area — considered the last available development site along the PATH corridor — as well as several industrial properties in Harrison and Kearny, New Jersey.
– A prominent office building just two blocks from the White House in Washington, D.C., is heading to foreclosure. The 10-story, 305,259-square-foot property at 1325 G Street NW is scheduled for auction on October 2 at the Wisconsin Avenue NW office of Harvey West Auctioneers. The lender, affiliated with New York-based Farm View Ventures, plans to buy back the asset. The current owner, linked to Westbrook Partners of Palm Beach Gardens, Florida, reportedly owes $112 million on the note.
– Brookfield Properties is facing foreclosure on the office building at 115 Myrtle Avenue in Brooklyn after defaulting on $132.7 million in debt. Special servicer Rialto Capital Management recently filed a pre-foreclosure notice in New York Supreme Court. The asset is part of Brooklyn Commons, a multi-building office campus acquired by Brookfield in 2018 through its acquisition of Forest City Realty Trust.
Stay tuned for more weekly updates on distressed commercial real estate from across the U.S.
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