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**Return to Lender: Week of November 6, 2025**
Here are the latest notable U.S. commercial real estate foreclosures, receiverships, and distressed asset sales from around the country:
– **Manhattan, NY:** BGO, formerly BentallGreenOak, has handed over the 503,000-square-foot office property at 757 Third Avenue to its lender, New York Life Real Estate Investors, via a deed-in-lieu of foreclosure, according to Trepp. BGO acquired the building in 2015 for $360 million, supported by a $205 million loan from New York Life. The latest change in ownership was recorded at $173.1 million in city records.
– **Cincinnati, OH:** GoldOller Real Estate Investments, based in Philadelphia, has acquired the 976-unit Williamsburg Apartments for $60 million out of receivership, per the Cincinnati Business Courier. The complex entered receivership after BRC Williamsburg Holdings LLC defaulted on a $74.3 million loan originated by JLL in 2019 and later assigned to Fannie Mae. The outstanding debt, with interest and receivership costs, had grown to $91.8 million by 2025.
– **Seattle, WA:** Urban Visions purchased the property on Third Avenue and Virginia Street in downtown Seattle for $4.3 million, according to the Puget Sound Business Journal. The building was previously owned by Martin Selig Real Estate, which lost seven properties earlier this year after consenting to a court-appointed receiver. Selig had $50 million in loans tied to the assets.
– **Colonie, NY:** TD Bank is initiating foreclosure on Colonie Plaza, a shopping center at 1892 Central Avenue, after anchor tenants, including Market 32/Price Chopper, vacated. The Albany Business Journal reports the center fell into default on a $15.6 million commercial mortgage due to tenant loss and what TD Bank describes as a significant deterioration in the borrower’s financial standing.
– **Washington, DC:** A 127-unit multifamily property at 5225 Connecticut Avenue NW, involved in litigation with the founder and CEO of American Housing, is set for foreclosure auction on December 4. The sale will be conducted at the offices of Alex Cooper Auctioneers. According to the Washington Business Journal, the borrower owes $11.7 million on a $10.6 million loan, now held by an affiliate of Maxim Credit Group.
– **St. Louis Park, MN:** A 200,000-square-foot office building at 435 Ford Road is heading to auction next month after Wings Financial Credit Union took over the property earlier this year. The 10-story building, part of the Metropoint office campus, was acquired by the lender for $5.86 million in a previous foreclosure auction. The Minneapolis/St. Paul Business Journal reports it is now being marketed as a redevelopment opportunity.
– **Cambridge, MA:** A small commercial parcel at 781-783 Main Street that houses a pizzeria and Asian restaurant is scheduled for foreclosure auction later this month, according to the Boston Business Journal. Despite a modest tax assessment of $800,000, the site’s redevelopment potential has increased due to recent Cambridge zoning changes.
– **Cleveland, OH:** Millennia Companies has defaulted on a $35.4 million loan on The Centennial, a landmark downtown property. According to Cleveland.com and the Cleveland Business Journal, Deutsche Bank has filed a lawsuit seeking a court-appointed receiver to take over management, alleging the developer still owes $33.4 million. The situation puts millions in public redevelopment incentives at risk.
These events reflect ongoing challenges in the commercial real estate market as property owners navigate tenant losses, rising debt burdens, and shifting market fundamentals.
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