Rising Office Loan Defaults Highlight Downtown Stress Challenges
Office Loan Defaults Rise Amid Renewed Stress in Downtown Areas In recent months, financial markets have witnessed growing concern over rising defaults on office loans, particularly as downtown areas grapple with renewed economic stress. The implications of this trend are significant, impacting property owners, investors, and urban development strategies. The surge in defaults is largely […]
Historic office building in downtown Portsmouth changes ownership
Chinburg Development LLC has acquired 40 Pleasant Street in Portsmouth, NH from Allison Street Holdings, LLC. The 24,237± SF building was sold for $5,450,000 in a deal arranged by Kent White and Caitlin Burke of The Boulos Company. The seller had enlisted Boulos in 2023 to lease the second and third floors of the building. […]