News
1st Service Solutions Expands Leadership Structure, Names Steve Banegas President
1st Service Solutions, a leading borrower advocacy and loan resolution firm specializing in CMBS, CRE CLO, and agency-financed commercial real estate loans, today announced an expansion of its leadership structure designed to strengthen the firm’s continued growth and long-term strategic focus. Founder and CEO Ann Hambly, CRE, will assume the role of Chairman, while 13-year Chief Operating Officer Steve Banegas has been named President.
Blackstone could face challenge if it tries to exit investment in Chicago’s Willis Tower
Blackstone Could Face Challenge if It Tries to Exit Investment in Chicago's Willis Tower Source: CoStar News Author: Ryan Ori Date: February 10, 2026 Blackstone’s ownership of Chicago’s Willis Tower may be difficult to unwind after more than a decade of investment in...
CRE Debt Market: Distress Is Rising — But Resolutions Are Changing
While distress is increasing across commercial real estate debt — particularly in office, retail, and lodging — the market is beginning to move beyond the old “extend and pretend” playbook. We’re seeing more meaningful resolutions emerge, including: Longer loan...
7 Things That Kill A CMBS Assumption
GlobeSt.com Featured Article 7 Things That Kill A CMBS Assumption Ann Hambly, Founder & CEO, 1st Service Solutions 7 March 2017 Flash back to 2003 The Mortgage Bankers Association performed a survey of the industry in 2003 to rate borrower satisfaction with...