Return to Lender: Week of April 2, 2026

The Washington Business Journal reported that Broad Street Realty Inc., a publicly traded Reston, VA real estate company that owns grocery-anchored retail centers, filed for Chapter 7 bankruptcy liquidation on March 20 after a turbulent year in which it lost control of its portfolio. The company disclosed in regulatory filings last year that one of its investors, an affiliate of Fortress Investment Group, took control of its properties and cash accounts when Broad Street failed to meet the minimum yield required under their agreement. George L. Miller was appointed as Chapter 7 trustee.

Franklin BSP Realty Trust, Inc. announced the successful disposition of its largest foreclosure REO asset, a multifamily property located in Raleigh, NC. The property, pricing and buyer were not disclosed. Although the transaction was completed at a discount to carrying value, the REIT views the outcome as a constructive advancement in resolving legacy assets and strengthening overall portfolio performance.

One of the final properties in Brandon Chasen’s once-expansive Baltimore portfolio has failed to sell at auction Thursday morning, reported the Baltimore Business Journal. A large warehouse at 500 S. Bond St. was sent back to the lender, Oregon-based Standard Insurance Co., after a brief flurry of bidding at the Clarence M. Mitchell Jr. Courthouse downtown. The auction was over in 10 minutes, including the reading of legal notices.

A large office complex in Centennial, CO that’s been home to high-profile employers has defaulted after the payment due on the matured $133-million loan on the property went unpaid. The Panorama Corporate Center has been transferred to special servicing after the balloon payment on the matured interest-only loan originated by Goldman Sachs wasn’t made in February, the Denver Business Journal reported. The six-building office complex spans 780,648 square feet. It was purchased by Denver-based EverWest Real Estate for $190.62 million in 2016.

Six related loans totaling $81.5 million (GSMS 2016-GS2 | CMBX.10) have transferred to special servicing after failing to repay at their February 2026 maturities, Morningstar Credit reported. The six retail properties all share the same sponsor, listed as ICS Portfolio Holdings LLC and ICS Stillwell 86th Street LLC, and are located across Brooklyn, with one location in Queens. Most of the properties, which include both single-tenant and unanchored retail centers, have continued to perform at or above issuance expectations.