Harold Bordwin, Principal & Co-President of Keen-Summit Capital Partners recently spoke with Erik Sherman of GlobeSt. regarding the distressed real estate market. Read the full article here.

Behind many distressed properties are decisions made under pressure, where leverage shifts quickly and missteps could erase value overnight. In this episode, they explore property dispositions, lease restructurings, and the economic pressures shaping the real estate market in 2026.

Listen to the full episode HERE.

BEVERLY HILLS, CA, June 16, 2025 —Keen-Summit Capital Partners LLC, a leading real estate brokerage and merchant banking firm, announces the bankruptcy auction of one of Beverly Hills’ most coveted development sites: a spectacular estate in the exclusive, guard-gated Bella Vista Estates. This is a rare opportunity for a homeowner, investor or developer to build a one-of-a-kind estate in one of Los Angeles’ most exclusive enclaves. 

The property, located at 2451 Summitridge Drive, is owned by Tree Lane LLC, which filed for Chapter 11 bankruptcy protection in April 2024. The 3.2-acre site includes detailed architectural plans for a 25,000+ s.f. ultra luxury estate. Designed for elevated living and grand scale entertaining, the estate features: 

• 5 Bedrooms 

• 2 Guest or Staff Suites 

• 8 Full Bathrooms and 7 Half Bathrooms 

• 11 Car Garage 

• Private Theater 

• Gym with Spa 

• Wraparound Pool 

• Expansive views of hills and valleys towards Beverly Hills  

“The guarded community of Bella Vista Estates is truly one of the most private, secure and prestigious enclaves in Los Angeles. Overlooking Beverly Hills, this is a once in a lifetime opportunity to build a stunning estate, starting with an architectural design recently reconsidered by the AD 100 architects at www.woodsdangaran.com,” said Harold Bordwin, Principal and Co-President, Keen-Summit Capital Partners. “With gorgeous architectural plans, grading underway, and panoramic views, this site is ready for a visionary buyer to bring a luxury estate to life quickly.” 

Keen-Summit Capital Partners will conduct the auction with a bid deadline of September 16, 2025, followed by the auction on September 23, 2025.  Stalking horse offers are actively encouraged. Due diligence materials, court approved Bid Procedures, and property information are available upon request. 

About Keen-Summit Capital Partners LLC   

Keen-Summit Capital Partners LLC is a real estate brokerage, workout and merchant banking firm specializing in special situations, restructurings, bankruptcies and receiverships, with offices in Manhattan and Melville, NY and Chicago, IL. Keen-Summit Capital Partners LLC represents property owners, retail and commercial tenants, commercial and industrial businesses, investors, developers, and creditors across various industries. Clients benefit from Keen’s reputation for excellence and integrity, extraordinary industry experience, in-depth market knowledge, time-tested business approach, deep industry relationships, workout and bankruptcy expertise, and exceptional execution capabilities. Keen-Summit has won dozens of awards for their outstanding achievements, most recently the ABI Asset Sale of the Year, ALIS Award, M&A Advisor Turnaround Award, Turnaround Atlas Award, and the CoStar Power Broker Award. For more information about Keen-Summit Capital Partners, call 646.381.9222 or visit www.keen-summit.com.   

Positioned in the heart of Miami’s thriving Brickell neighborhood, this premier 46th-floor space spans approximately 11,721 square feet and features 24-foot ceilings, floor-to-ceiling glass, and breathtaking panoramic 360° views of the Miami skyline and Biscayne Bay. This sale presents a rare opportunity to develop what could become Miami’s next rooftop destination. 

“This space is tailor-made for a high-profile hospitality venue,” said Matthew Bordwin, Principal and Managing Director at Keen-Summit Capital Partners. “Whether it’s a rooftop restaurant, pool club, private lounge, or exclusive event space, the location, size, and views are unmatched in the Brickell market. This is truly an extraordinary property and opportunity.” 

In addition to the expansive interior space, the buyer will benefit from rights to the rooftop pool and deck, as well as additional storage on upper levels. The property’s flexible, open floor plan offers endless customization potential for visionary developers and operators. 

This sale is being conducted as part of a Chapter 11 bankruptcy process and presents a compelling opportunity for investors seeking a prime foothold in one of the most vibrant submarkets in South Florida. 

About Keen-Summit Capital Partners LLC   

Keen-Summit Capital Partners LLC is a real estate brokerage, workout and investment banking firm specializing in special situations, restructurings, bankruptcies and receiverships, with offices in Manhattan and Melville, NY and Chicago, IL. Keen-Summit Capital Partners LLC represents property owners, retail and commercial tenants, commercial and industrial businesses, investors, developers, and creditors across various industries. Clients benefit from its reputation for excellence and integrity, extraordinary industry experience, in-depth market knowledge, time-tested business approach, deep industry relationships, workout and bankruptcy expertise, and exceptional execution capabilities. Keen-Summit has won dozens of awards for their outstanding achievements, most recently the ALIS Award, M&A Advisor Turnaround Award, Turnaround Atlas Award, and the CoStar Power Broker Award. For more information about Keen-Summit Capital Partners, call 646.381.9222 or visit www.keen-summit.com.   

Keen-Summit’s Principal & Co-President Harold Bordwin and Associate Chris Katchudurian share their insights on what became of the retail apocalypse in the May 2025 edition of the Turnaround Management Association’s Journal of Corporate Renewal.

You can also read the article here.

There’s good news, for sure, but many CRE pros are wary about uncertainty.

By Erik Sherman | GlobeSt. | April 08, 2025

When the 10-year Treasury yield declines, it might initially seem like a positive development. Lowering the risk-free portion of longer-term interest rates should, in theory, make financing more accessible. However, this shift comes amidst a wave of uncertainty engulfing the U.S. financial system and economy, leaving many in the commercial real estate sector cautious…

Harold Bordwin, principal and managing partner at Keen-Summit Capital Partners, added further context: “A falling yield on that security means that the pricing of real estate debt should follow, and if the pricing of debt is falling, valuations would typically be rising.” Yet he tempers this with a warning: “The issue today is the massive amount of turbulence and uncertainty in the market.”

Read the full article at GlobeSt.

The Main Street Apartments complex was built in 1999

By Jessica Alvarado Gamez | jalvarado@denverpost.com

PUBLISHED: November 12, 2024 at 6:00 AM MST

A 50-unit multifamily affordable housing property in the heart of Littleton is up for auction.

Littleton Main Street LLC, the complex’s owner, and Terra Management Group LLC, the property management company, have both filed for chapter 11 bankruptcy protection, according to bankruptcy court case documents.

Bids for the apartments, 2350 W. Main St., will be taken until Nov. 15, with the minimum bid being $6.2 million.

Keen-Summit Capital Partners LLC, a real estate brokerage and investment banking firm, along with Colliers International Denver, a commercial real estate provider, are conducting the bankruptcy auction.

Read the full article here.

By Carmen Arroyo and Natalie Wong
23 May 2024 at 07:00 GMT-4
Updated on 23 May 2024 at 11:14 GMT-4

For the first time since the financial crisis, investors in top-rated bonds backed by commercial real estate debt are getting hit with losses.

Buyers of the AAA portion of a $308 million note backed by the mortgage on the 1740 Broadway building in midtown Manhattan got less than three-quarters of their original investment back earlier this month after the loan was sold at a steep discount… Read More 

By Jeanna Smialek

Feb. 8, 2024

Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming…

…In other cases, banks are using short-term extensions rather than taking over struggling buildings or renewing now-unworkable leases — hoping that interest rates will come down, which would help lift property values, and that workers will return.

Read more.