Michigan commercial real estate distress

CMBS loans in trouble

Loans in commercial mortgage-backed securities trusts that the servicer reports in foreclosure, bank-owned (REO) or with the borrower in bankruptcy, from the trusts' monthly filings with the SEC. Largest balance first.

• CMBS
  Long Lake Crossing

  Troy, MI · Office · reported Sep 29, 2026

  In foreclosure · 90+ days delinquent · Wells Fargo Commercial Mortgage Trust 2022-C62
  $21.0Mloan balance
• CMBS
  Sunset Landing

  Bridgman, MI · Multifamily · reported Nov 2, 2026

  Borrower in bankruptcy · 90+ days delinquent · BMO 2022-C3 Mortgage Trust
  $6.3Mloan balance

Real estate Chapter 11 petitions

Petitions by real estate businesses in the federal bankruptcy courts in Michigan, newest first.

• Chapter 11
  Sunset Properties, LLC

  Filed Oct 1, 2026

  Bankruptcy Court, W.D. Michigan · No. 26-03127
• Chapter 11
  OCM Development, LLC

  Filed Sep 17, 2026

  Bankruptcy Court, W.D. Michigan · No. 26-02961
• Chapter 11
  North Oakland Real Estate Holdings, Inc

  Filed Sep 11, 2026

  Bankruptcy Court, E.D. Michigan · No. 26-50107
• Chapter 11
  Legacy Signature Properties, Inc.

  Filed Sep 3, 2026

  Bankruptcy Court, E.D. Michigan · No. 26-49875

Federal lawsuits naming CRE businesses

New federal civil cases in Michigan between businesses that name a commercial real estate company, or that concern real property foreclosure or a lease.

• Federal suit
  State Farm Fire and Casualty Company v. 762 Properties, LLC

  Filed Nov 5, 2026

  U.S. District Court, E.D. Michigan · No. 2:26-cv-14247
• Federal suit
  Teletech, Inc. v. Sprint Spectrum Realty Company

  Filed Oct 15, 2026

  U.S. District Court, E.D. Michigan · No. 2:26-cv-13939
• Federal suit
  NGU Properties, LLC v. City of Eastpointe

  Filed Sep 9, 2026

  U.S. District Court, E.D. Michigan · No. 2:26-cv-13397

Lender suits and foreclosure cases on the tracker

CREdocket write-ups of commercial lending and foreclosure litigation, with the parties, the amounts at stake and what happened.

• Lender suit
  PSOF WA Holding LLC v. Fairlane Town Center Realty Holding LLC

  Jul 9, 2026

  3rd Circuit Court, Wayne County, Michigan · Dearborn, Michigan's Fairlane Town Center mall has been in receivership since January 2026 after Kohan Retail Investment Group defaulted on a $28 million loan from a Peachtree
  $28.0Mloan

Other commercial real estate litigation in Michigan

• Rubicon Real Estate Holdings, LLC v. City of Pontiac, Michigan (Supreme Court Ends Developer's Permitting-Delay Suit Over Collapsed Cannabis Project)Zoning & Land Use · Supreme Court of the United States · Nov 9, 2026
• GSL Holdings, LLC v. Charter Township of Lyon, Michigan (Sixth Circuit Rejects Developer's Civil-Rights Claims Over Permitting Delay)Zoning & Land Use · U.S. Court of Appeals for the Sixth Circuit · Nov 9, 2026
• Trucks Rx, Inc. v. Padilla Investments, LLC (Michigan Appeals Court Affirms $411K Lease Arbitration Award)Landlord–Tenant · Michigan Court of Appeals · Oct 21, 2026
• Zecorra Enterprises, LLC v. Redford Township (Commercial Property Tax Valuation Appeal)Zoning & Land Use · Michigan Court of Appeals · Oct 14, 2026
• Schell Road, LLC v. Vanderford: Michigan Appeals Court Lets Township Amend Mining Ordinance Mid-Litigation to Defeat Gravel Mine Permit BidZoning & Land Use · Michigan Court of Appeals · Oct 13, 2026
• Wixom Industrial One, LLC v. City of Wixom (Michigan Data Center Moratorium Suit)Zoning & Land Use · U.S. District Court, Eastern District of Michigan · Aug 7, 2026
• Pinnacle North, LLC v. White (Michigan Court of Appeals Affirms Veil-Piercing to Collect Commercial Lease Default)Commercial Lease Disputes · Michigan Court of Appeals · Mar 24, 2026

All Michigan matters on the tracker

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