Nightingale Associates
@FCNightingale
Management consulting, training and speaking.
Focus: leadership, management, strategy, motivation and achievement.
Completed projects in 40 countries.
17.8K Following 51.2K Followers
@DiMartinoBooth News this week:
121 W. Wacker Drive Chicago, Illinois
Purchased for nearly $30M—a 75% discount.
Purchased for $118.5M in 2018.
Wells Fargo Center Denver was appraised at $85M, down ↓82% from $475M in 2019.
Purchased for $387.5M in 2012.
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610 W. Ash St. in San Diego, California sold in a foreclosure sale for $26M, ↓53% from what it sold for 10 years ago.
Sold for $55M in 2016.
The new owner plans a conversion into apartments.
Downtown availability rose 490 bps to 35.8% in Q3.
177,489 Square Feet Built 1986
-MHN / Savills
#CommercialRealEstate#
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The FBI has opened a probe into Texas-based multifamily syndicator Lurin Capital following a series of lawsuits alleging fraud.
Launched in 2016, Lurin had amassed a portfolio of 10,000 Class-C apartments across five Sun Belt states. The company planned to upgrade the properties, raise rents and flip them for a profit.
In 2025, ACORE Capital Mortgage moved to foreclose on 12 Florida Panhandle properties owned by Lurin that backed a nearly $400M loan. More than 2,000 units hit the auction block, TRD reported.
ACORE also won a summary judgment against Venetos after he personally guaranteed almost $20M in mezzanine loans, TRD reported this month.
#CommercialRealEstate#
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News4Jax states that more than a dozen of Jarek Tadla's apartment complexes across northeast Florida have fallen into foreclosure.
The video in the link shows the terrible state of some of the properties.
@m3_melody
#CommercialRealEstate#
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AON Center Chicago, Illinois appraised at 27% of its purchase price 11 years ago
Purchased for $712 million in 2015
Now appraised at $195 million
JLL is negotiating a possible relocation from its current 202K SF at AON. Should they vacate it would drop the occupancy rate into the mid-50%s.
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON
This is a U.S. stand-alone CMBS transaction backed by a portion ($400.0M as of the Feb. 6, 2026, trustee remittance report) of a 4.63% per annum fixed-rate interest-only $536.0M whole mortgage loan secured by the borrower's fee-simple interest in Aon Center.
2.78M Square Feet Built 1973
-morningstar / S&P Global
#commercialrealestate#
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