First Citizens Bank and Trust bought the 76,900-square-foot office building at 1540 2nd Street for $86.7 million, records show.
Realty Bancorp, the Woodland Hills-based firm run by Norman Kravetz, defaulted on a $79 million loan from Haymarket Insurance, according to a notice of default filed with L.A. County.
#realty-bancorp-equities #santa-monica-office-building #defaulted-loans #first-citizens-bank #high-deal-price
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