We scoured county foreclosure records, third-party reports and court filings to determine the downtown buildings that have run into trouble since the pandemic.
The city of Denver now has a clearer picture of what distressed downtown office buildings would make the best candidates to switch over to residential uses, which should help in its efforts to convince investors and developers to take on the task.
The owner of Republic Plaza defaulted on its loan, but a spokesperson for Brookfield Properties confirmed there is a new deal that runs through March 2026.
NEW YORK – In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased. Read more at straitstimes.com.