Foreclosures and Home Improvement

Offices in downtown Washington D.C. ready for foreclosure auction

Foreclosure Market

By Elias DaSilva | September 12, 2024. Because the owners of an office building in downtown Washington D.C. have been unable to pay their mortgage, the property is scheduled for a foreclosure auction next month. It is a 123,000-square-foot, 10-story office located at 1750 H St. NW, just two blocks from the Farragut West metro […]

The Fairmont Austin Hotel Obtains a $430 Million Refinancing

Austin - TX

By Elias DaSilva | September 12, 2024. Manchester Financial Group Signs a New Financing Agreement for the Fifth Tallest Building in the City A California-based company has successfully refinanced one of the largest hotels in downtown Texas with a $430 million deal. Manchester Financial Group, in collaboration with Goldman Sachs and JLL Capital Markets, has […]

House of Representatives Bill Aims to Protect the Equity of Foreclosed Property Owners in Atlanta

Atlanta - GA

By Elias DaSilva | September 12, 2024. A new proposal, approved by the state House of Representatives on Wednesday, seeks to strip cities and towns of the authority to resolve tax debts by selling the home of a delinquent taxpayer and retaining the excess equity for themselves or their agents. Critics have labeled this practice […]

The Milwaukee Marriott files for Chapter 11 to avoid foreclosure

Foreclosure Market

By Elias DaSilva | September 12, 2024. The owner of the Marriott Hotel located in downtown Milwaukee, specifically at 625 N. Milwaukee St., with 205 rooms, has filed for bankruptcy protection, particularly under Chapter 11. This filing allows the hotel to continue its operations while its owner, Wisconsin & Milwaukee Hotel LLC, restructures its financial […]