Return to Lender: Week of July 30, 2026

The Boston Business Journal reported that a Howard Johnson Inn in Williamstown, MA, one of six remaining locations in the state where the chain was founded in 1925, is scheduled for a foreclosure auction. Auction firm Aaron Posnik & Co. has scheduled an auction for Aug. 6, following the foreclosure by lender Beacon Bank.

The K&L Gates Center in downtown Pittsburgh is on the market, with a Newmark team offering the Liberty Avenue building in a “receivership sale,” reported the Pittsburgh Business Times. The firm launches marketing for the 43% leased building after the building’s namesake tenant, the law firm K&L Gates, announced it would keep its office there in January 2025. It did so a little more than a year after the property’s ownership, One Oliver Associates LP, majority-owned by Chilean pension fund Independencia Asset Management, was forced into default by lender Pacific Life.

A loan modification has failed to materialize on The Club Row Building loan ($155.0 million | JPMBB 2015-C27 & JPMBB 2015-C28), reported Morningstar Credit. This marks the second time a modification neared the finish line only to be scrapped at the last minute. The loan, backed by a 369,000-square-foot office building on W. 44th Street between 5th Avenue and 6th Avenue in Midtown Manhattan, moved to special servicing in January 2025 after missing its maturity. A series of tenant departures dropped occupancy to 66% by the end of 2025. It appears the servicer is returning to foreclosure as a resolution strategy.

10333 Richmond ($37.5 million | 38.8% of JPMBB 2014-C22 | CMBX.8) has returned to special servicing after years of poor performance ahead of its August 2026 maturity date, according to Morningstar Credit. The Houston office was reported as just 38% occupied as of March 2026. Net cash flow has not been above breakeven since 2016.

Morningstar Credit reported that Georgetown Apartments ($22.6 million | 1.5% of FREMF 2021-K128) transferred after several months of delinquency. The loan, backed by a 110-unit building on Ocean Avenue in Brooklyn, has performed well with a DSCR in excess of 2.00x and 99% occupancy through its first five years of reporting. It fell delinquent in April 2026. Servicer commentary is especially lacking on this one, so there are no details as to the nature of the delinquency.

Cherry Tower ($18.2 million | 1.9% of DBGS 2018-C1 | CMBX.12) moved to special servicing following a drop in cash flow after losing several tenants, reported Morningstar Credit. The loan, backed by a 226,000-square-foot office building in Denver, is still current on payments despite the transfer. Occupancy dropped as low as 52% by the end of 2022; it’s been up and down since then, most recently landing at 63% as of March 2026.